Near
Field Communication (NFC) is a wireless technology and mainly finds
application in mobile phones and tablets PC for data exchange and
transactions in a close range. It is based on RFID technology and has
emerged as an alternative to other wireless technologies for short
range data exchange such as Wi-Fi, Bluetooth and other radio
protocols. NFC offers added advantage of high security As compared to
other wireless technologies. The NFC market has gained significant
momentum in recent years due to the ease of using NFC technology and
its wide range of applications in various sectors. NFC technology has
emerged as a strong contender for replacement of the current
transaction and payment techniques owing to its improved security and
connectivity features.
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Products
in the NFC market have been categorized into NFC controller ICs
(chips), NFC tags, NFC readers and NFC secure elements. NFC secure
elements further include NFC micro SD cards, embedded secure elements
(SE), NFC subscriber identity module / universal integrated circuit
card (SIM/UICC cards). Demand for NFC controller ICs, NFC readers,
NFC secure elements and NFC tags is growing across the world.
Increasing prevalence of contactless payments across the globe and
its application in various sectors is responsible for the growth of
the NFC readers and NFC tags market in the last few years.
NFC-enabled devices are expected to replace payment cards and
authentication and access cards in the coming years to a significant
extent.
Worldwide,
the shipment for NFC-enabled cellular handsets stood at 264.5 million
units in 2013. The mobile phone and tablet manufacturers are
increasingly including NFC features in their phones and this is
expected to grow during the coming years. Further, most of the
already existing point of sale (POS) and transportation systems
across the globe use NFC technology, thus considerable infrastructure
is already developed for the use of NFC –enabled devices. There is
a lot of research being carried out in the NFC field which shows the
commitment of industry players toward full scale implementation of
NFC in coming future.
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This
research study focuses on market data and insights, including the
size and growth of the NFC market. The report provides a thorough
analysis of the emerging industry trends and the prevailing state of
the market. It offers a comprehensive coverage of the underlying
technological and social issues and economic factors influencing the
NFC technology business. The study includes market data and forecasts
based on in-depth analysis of the global NFC market. The report aims
to find out various factors that restrain and drive the NFC market.
The report focuses on trends and future business opportunities in the
NFC market. The prevalent competition in the market is identified
through market share analysis of key players in the market.
Furthermore, the value chain analysis and Porter’s five forces
analysis are included in the report, aiming to provide strategic
insight across the supply chain of the NFC market.
The
study offers a complete understanding of different application
sectors of NFC technology. The report includes various major
applications of NFC technology such as payment (transaction),
ticketing, booking, data sharing, service, authentication and access
control, healthcare, games and toys and NFC based geo-tagging The
report aims to provide a comprehensive cross-sectional analysis of
the product and application segments across North America, Europe,
Asia Pacific and Rest of the World (RoW).
Key
players in the market have been profiled in the report along with
their business strategies and market positions. Companies profiled in
this report include Broadcom, Inc., DeviceFidelity, Inc., Gemalto
N.V., Visa, Inc., Toshiba Corporation, STMicroelectronics N.V.,
Samsung Electronics Co. Ltd., NXP Semiconductors N.V., Identive
Group, Inc., On Track Innovations (OTI) Ltd., and Infineon
Technologies.
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Press Release Of Near Field Communication Market
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The
global NFC market is categorized into the following segments:
Near
Field Communication Market, by Product Type
- NFC Controller ICs (Chips)
- NFC Tags
- NFC Readers
- NFC Secure Element
Near
Field Communication Market, by Application
- Payment
- Ticketing
- Booking
- Data Sharing
- Service
- Authentication and Access Control
- Healthcare
- Games and Toys
- Others (smart advertising and NFC based location services)
Near
Field Communication Market, by Geography
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
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