Global near Field Communication (NFC) Systems Market 2024-2028
Global Near Field Communication (NFC) Systems Market 2024-2028
The near field communication (NFC) systems market is forecasted to grow by USD 29628.7 mn during 2023-2028, accelerating at a CAGR of 16.83% during the forecast period. The report on the near field communication (NFC) systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased adoption of contactless payments, integration of NFC technology in smartphones, and rising government initiatives for digital payments.
Technavio's near field communication (NFC) systems market is segmented as below:
- By Application
- Retail
- Automotive
- Transportation
- Others
- By Product
- NFC readers
- NFC chips
- NFC tags
- Others
- By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the increasing m and a, partnerships, and collaborations as one of the prime reasons driving the near field communication (NFC) systems market growth during the next few years. Also, increasing focus of vendors on new product launches and increasing application of NFC in smart factories will lead to sizable demand in the market.
The report on the near field communication (NFC) systems market covers the following areas:
- Near field communication (NFC) systems market sizing
- Near field communication (NFC) systems market forecast
- Near field communication (NFC) systems market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading near field communication (NFC) systems market vendors that include ASSA ABLOY AB, Avery Dennison Corp., Broadcom Inc., Infineon Technologies AG, Intel Corp., KISI Inc., MagTek Inc., Murata Manufacturing Co. Ltd., Nordic Semiconductor ASA, NXP Semiconductors NV, Qualcomm Inc., Renesas Electronics Corp., Samsung Electronics Co. Ltd., Sony Group Corp., STMicroelectronics International N.V., Texas Instruments Inc., Thales Group, The Swatch Group Ltd., Zebra Technologies Corp., and Zeus RFID. Also, the near field communication (NFC) systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.