Market Overview

$23.8 Billion Opportunity in the Global Near Field Communication Market by 2023 - Featuring NXP Semiconductors, STMicroelectronics, Gemalto, Inside Secure, and Broadcom - ResearchAndMarkets.com

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The "Global
Near Field Communication Market (2018-2023)"
report has been
added to ResearchAndMarkets.com's offering.

The global near field communication market is expected to have a
significant compounded annual growth rate of 21.30% and reach a market
size of USD 23.82 Bn by 2023.

The market is expected to grow at a strong rate as it has made its way
into various fields of applications like retail, transportation,
healthcare, etc. Wide adoption in systems like Samsung Pay and Android
Pay are expected to make NFC technology a commonplace by creating mass
awareness. Also, its recent integration with mobile giant Apple (iOS 11)
is expected to help the growth of the market.

Not only is NFC being incorporated in consumer electronics like
smartphones and televisions, but also in the healthcare sector.
Implantable medical devices require high energy efficiency and
conservation. NFC technology is suitable for such uses as the NFC reader
can activate the tag only when it is necessary and transfer power
wirelessly.

Based on the end user industry, the retail segment accounted for the
most significant share of the market in 2017, as retailers like
Burberry, Harvey Nichols, etc., are continuously adopting NFC technology
to enhance shopping experiences in brick and mortar stores. Beyond
reforming payments, NFC is creating opportunities for retailers to
inform and persuade shoppers.

By product type, the NFC controller chips are expected to have the
highest growth rate owing to its wide adoption in contactless payment
systems within various industries.

Companies Featured

  • NXP Semiconductors
  • STMicroelectronics
  • Gemalto
  • Inside Secure
  • Broadcom

Key Topics Covered

Chapter 1. Executive Summary

Chapter 2. Introduction

Chapter 3. Global Near Field Communication Market Overview

Chapter 4. Global Near Field Communication Market Segmentation - by
Regions

Chapter 5. Global Near Field Communication Market Segmentation - by
Product

Chapter 6. Global Near Field Communication Market Segmentation - by
End-User Industry

Chapter 7. Global Near Field Communication Market Segmentation - by Mode
of Operation

Chapter 8. Global Near Field Communication Market - by Regions

Chapter 9. Competitive Landscape

Chapter 10. Conclusions

For more information about this report visit https://www.researchandmarkets.com/research/x5l62v/23_8_billion?w=4

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