Jan 27, 2020 (Heraldkeepers) -- New York, January 27, 2020: NFC - Near Field Communication Market is based on wireless interface which enables all communication devices and electronic gadgets to get connected with each other by establishing radio connectivity under proximity. This technology is mainly used for smartphones, laptops and tablets for Short range of data exchange. The near field communication market is expected to grow at a very fast space in the forecast period.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include NXP Semiconductors (Netherland), Broadcom Corporation (U.S.), STMicroelectronics NV (Switzerland), MediaTek, Inc. (Taiwan), Renesas Electronics Corporation (Japan), Gemalto NV (Netherlands), and Texas Instruments (U.S.)are provided in the report. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
The near field communication (NFC) market is expected to reach US$ 21.5 Billion by 2024, at a CAGR of 17% between 2018 and 2024.
The Near Field communication Market is segmented based on Product type as Non Auxillary Products as - NFC Tags, NFC Readers, NFC Chips; Auxillary Products as - NFC enabled mobile sim, others (NFC cover). The Near Field communication Market is segmented based on Devices as smartphones & tablets, PCs &Laptops, Others (Infotainment and Stereo Headphone). The Near Field communication market is segmented based on application as Mobile/ Contactless payment, Information sharing, user authentication & access control, Monitoring Healthcare systems & others.
The scope of the report includes a detailed study of global and regional markets for various types of Near Field communication Market with the reasons given for variations in the growth of the industry in certain regions.
This report provides:
1) An overview of the global Near Field communication Market and related technologies.
2) Analyses of global market trends and projections of compound annual growth rates (CAGRs) through 2024.
3) Identifications of new market opportunities and targeted promotional plans for Near Field Communication Market.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
The Segmentation of Near Field communication Market is as follows:
The Near Field Communication Market is Segmented on the Basis Of Product Type Devices Type Application Type And Geographical Analysis. By Product Type this market is segmented on the basis of Non-auxiliary products and Auxiliary products. Non-auxiliary products is segmented into NFC Tags, NFC Readers and NFC Chip. Auxiliary products is segmented into NFC enabled Mobile sim and Others (NFC cover).
By Devices Type this market is segmented on the basis of Smartphone & Tablets, PCs & Laptops and Others (Infotainment and Stereo Headphone). By Application Type this market is segmented on the basis of Mobile/Contactless Payment, Information Sharing, User Authentication & Access Control, Monitoring Healthcare system and Others. By Geographical Analysis this market is segmented on the basis of North America, Asia Pacific, Europe, Latin America, Africa and Middle East.
The major driving factors of Near Field communication Market are as follows:
Convenient transfer and security of data
Increasing penetration of smartphones
The restraining factors of Near Field communication Market are as follows:
High costs of installations
? Security concerns
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Table of Contents
2 Research Methodology
2.1.1 Secondary Data
188.8.131.52 Key Data From Secondary Sources
2.1.2 Primary Data
184.108.40.206 Key Data From Primary Sources
220.127.116.11 Key Industry Insights
18.104.22.168 Breakdown of Primaries
2.2 Demand-Side Analysis of NFC Market
2.2.2 Demand-Side Analysis
22.214.171.124 Growing Volume of Non-Cash Transactions
126.96.36.199 Growth in Mobile Point-Of-Sales (POS) Terminals
2.3 Market Size Estimation
2.4 Market Breakdown & Data Triangulation
2.5 Research Assumptions
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends