Near Field Communication (NFC) Market Growth, Size, Share, Industry Report and Forecast 2021-2027
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The high use of smartphones along with the increasing trend of M-commerce are the main factors that are driving the market growth. Further, continuous development in NFC technology has also a significant contribution to the market. However, high-security concerns and the high cost of deployment are expected to hinder the growth of the near-field communication market. During the COVID-19 pandemic, the market has experienced growth owing to the increase in sign-ups for new payment procedures and the increased number of smartphones user. People were unable to go outside due to the lockdown imposed by the respective state governments, due to this the online payment transfer for essentials has surged. That led to the high use of these technologies. Hence market has registered growth.
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Global NFC Market Segmentation
· Contactless Payment
· Sharing of Information/Data
· Healthcare Monitoring
· Non-Auxiliary Product
· NFC Controller IC’S
· NFC Tags
· NFC Readers NFC Secure Element
· Auxiliary Products
· NFC Micro SD Cards
· NFC Sim Cards
· NFC Software
· PC & Laptops
· United States
· Rest of Europe
· Rest of APAC
Rest of The World
· Latin America
· Middle East& Africa
· Apple Inc.
· Broadcom, Inc.
· Huawei Technologies Co., Ltd.
· Infineon Technologies AG
· Mediatek Inc.
· NXP Semiconductors N.V
· On Track Innovations Ltd.
· Renesas Electronics Corp.
· Samsung Electronics Co., Ltd.
· Square, Inc.
· Sony Corp.
· STMicroelectronics N.V.
· Texas Instruments Inc.
· Toshiba Corp.
· Visa, Inc.
· Qualcomm Technologies, Inc.
· Smartrac N.V.
· SanDisk Corp.
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