Near Field Communication (NFC) Market 2018 Global Leaders: Flomio, NXP Semiconductors, Broadcom, Samsung Semiconductors, Intel, Qualcomm, Austria Micro Systems, ST Micro, Texas Instruments

Market Research Future published a research report on “Global Near Field Communication Market Research Report- Global Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Near Field Communications Market – Overview

Near Field Communication (NFC), technology allows two electronic devices containing NFC tags to exchange information when brought together, close to each other. NFC technology is mainly used in smart phones and tablets to pair-up certain devices like speakers and headphones. Similarly, NFC technology is also used in contactless payment systems like credit cards and electronic ticket smartcards, allowing mobile payment to support these systems.

With the increasing market proliferation of smart phones along with the social networking sites, Near Field Communication technology is garnering extensive traction on the global platform. Introduction of daily, weekend and monthly commuting (travel) passes (Smart passes) has escalated the market growth on the global platform.

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Accrediting the exponential traction and accruals the Near Field Communications market is enjoying currently and the growth prospects the market is demonstrating globally; Market Research Future has recently published a detailed study report giving out the complete market insights up till 2022. In its analysis the MRFR asserts that the global Near Field Communications market is projected to garner exponential accruals registering a phenomenal CAGR during the forecast period 2016-2022.

Emergence of futuristic devices are assuring a far developed and efficient remote sensing, monitoring and other remote IoT functionalities that will make the whole Communications gamut way efficient. These developments also presage the heydays the Near Field Communications Market is to perceive soon. Evidently, it’s the result of sedulous efforts the above mentioned key players have put in to bring novelties and advancement in technology. It’s their seminal determination that has escorted the Near Field Communications market to the ascended heights allowing the market to perceive galore accruals.

Key Players

The prominent players in the Near Field Communication Market are- NXP Semiconductors (Netherlands), Broadcom Corporation (U.S.), Samsung Semiconductors (South Korea), Intel Corporation (U.S.), Qualcomm Inc. (U.S.), Austria Micro Systems (Austria), ST Micro (Switzerland), Texas Instruments (U.S.), MStar Semi (Taiwan), Flomio (U.S.) among others.

Some other players in this segment are- Blue Bite LLC, HID Global, Cellotape Smart Products, Advanced Card Systems Holdings Limited, Thinfilm, Smartwhere, Smartrac among others.

Global Near Field Communications Market – Segments

The Global Near Field Communications Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

• By Devices: Comprises Computers, Smartphone, Laptops & Tablets, among others.
• By Applications : Transpiration, BFSI, Data Exchange, and Healthcare among others.
• By Types: Comprises Non-Auxiliary & Auxiliary.
• By Regions: North America, Europe, APAC and Rest of the World.

Near Field Communications Market – Regional Analysis

North America region dominates the Global NFC Market with the largest market share. Technical expertise rendered by existing key market players coupled with the growing demand for NFC due to the growing application areas such as contact less payment etc; drives the regional market growth. Besides contribution from the growing markets in the US & Canada due to the growing IT industry, supports the regional market growth.

While the second largest market for the Near Field Communications, Europe is showing steady growth owing to the high growth of financial sector and healthcare.

Asia-Pacific NFC market on the other hand is growing rapidly due to the growing manufacturing and BFSI sector mainly in India and China. Growing investments in the development of efficient NFC systems to meet the augmenting demand for the smart phones are paying off well driving the regional market growth. Also the presence of prominent market players in the region is supporting the regional market growth.

Industry/ Innovation/ Related News:

April 25, 2018 – Gate Gourmet Peru (UK), one of the leading global providers of catering and supply services for airlines launched NFC based cabinet solution, designed to manage the kitchen tools used during food preparation, tracks each knife used to prepare in-flight meals. This will, in turn, prevent terrorism on flights. The RFID Solution {a hybrid UHF (The ultrahigh-frequency) and NFC system) will ensure that all food-preparation knives are affixed with RFID tag, detectable in a locked cabinet, and any removal and return of those knives is automatically identified and tracked by time, date and personnel ID, as well as by video.

April 25, 2018 – Paytm (India)a mobile-first financial services company launched- Paytm Tap Card, an Offline Payments Solution that uses Near-Field Communication On Paytm-issued PoS Terminals.

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Near Field Communications Market - Competitive Analysis

Near Field Communications market is competitive & fragmented; several matured & small key players along with the new entrants form a competitive landscape, accounting for a substantial market share. Through strategic partnership, acquisition, expansion, collaboration, and product/technology launch these players try to gain competitive advantage.

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