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

Market Research Future published a research report on “Near Field Communication (NFC) Market Research Report – Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Global Near Field Communication Market - Overview

Near Field Communication (NFC) is a short-range wireless connectivity standard that uses magnetic field induction to enable communication between devices when they're touched together, or brought within a few centimetres of each other. Both businesses and individuals benefit from near field communication technology. By integrating credit cards, subway tickets, and paper coupons all into one device, a customer can board a train, pay for groceries, redeem coupons or store loyalty points, and even exchange contact information all with the wave of a smartphone. Faster transaction times mean less waiting in line and happier customers.

Due to growing adoption of near field communication technology in smartphones and similar devices the market for near field communication is growing rapidly. Due to its ease of use and accuracy, the demand for near field communication has increased in the recent past.

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NFC offers better collaboration in corporate environments by ensuring speedy and secure sharing of documents, files, and confidential data. In case of payments, the card details of the consumer are stored on the mobile phone in a secure element. This takes the form of a Subscriber Identity Module, secured chips or a secure digital card and the fact that hardware encryption can be only used in close proximity to the point of sale makes it one of the most secure payments. This feature acts a major pull factor to attract new customers and users of NFC technology and technology-enabled devices. Owing to these factors, NFC market growth is likely to witness a positive impact over the forecast period.

Segmentation

• By type, the market is segmented into non-auxiliary and auxiliary. Non-auxiliary segment is further sub-segmented into NFC ICs & antennas, NFC tags and NFC readers. Auxiliary segment is further sub-segmented into NFC micro SD cards, NFC SIM /UICC cards, and NFC covers.
• By device, the market is segmented into smartphones, tablets, laptops & computers and others.
• By application, the market is segmented into NFC-based payments, ticketing, booking, data sharing, authentication and access control, healthcare, games and toys.

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 Communication Market - Competitive Analysis

The Market of near field communication appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.

Regional analysis

The global near field communication market is estimated to grow at a significant rate during the forecast period from 2018 to 2022. The geographical analysis of near field communication market is studied for North America, Europe, Asia-Pacific, and the rest of the world. North America is expected to dominate the market followed by Europe owing to the presence of advanced technology and presence of global players. Asia-Pacific is expected to emerge as the fastest growing market for near-field communication due to heavy demand for NFC-enabled smartphones, growing consumer electronics industry, and increasing security concerns in industries such as BFSI. Also, rising income, high adoption of smart appliances, and rising per capita income in countries such as India and China are expected to create enormous growth for near field communication market in the Asia-Pacific region.

Industry News

August. 2017 - China’s leading bike-sharing start up ofo is coming up with a new solution to unlock their bikes—near-field Communication (NFC) locks. With the first electronic locks that support NFC, users can pay for and unlock a bicycle within seconds simply by bringing their smartphones near the bikes.

December. 2017 - Thin Film Electronics ASA, a global leader in NFC (near field communication) mobile marketing and smart packaging solutions, announced Mundipharma as a new customer in the OTC (over-the-counter) healthcare market. The smart packaging for BETADINE Cold Defence will feature Thinfilm’s NFC SpeedTap tags. Each tag contains a unique identifier and fully integrates with Thinfilm’s CNECT cloud-based software platform. Mundipharma will use a custom dashboard within CNECT to execute the mobile campaign, manage tag IDs, monitor consumer tapping activity, aggregate data, and analyse results.

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Intended Audience

• BFSI
• Security Provider Firms
• Contactless Chip Manufacturers
• Consumer Electronic Manufactures
• Research Organizations
• Investment Firms
• Resellers and Distributors
• Government Agencies
• VARs
• Investors and consultants

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