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Near Field Communication Market by Operating Mode, Product & Software, Industry, and Geography - Global Forecast to 2020

Near Field Communication Market: Global Forecast until 2020

  • November 2015
  • 165 pages
  • ID: 3392247
In this report:
According to NFC World (U.K.), the global shipments of NFC-ready POS terminals were estimated at ##.## million units in 2012 and this number is expected to grow at a compound annual growth rate (CAGR) of ##.##% during the forecast period.
Currently, the market size of auxiliary products and software is very small, but their market sizes are expected to grow at a CAGR of ##.##% and ##.##%, respectively, between 2015 and 2020.


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The NFC market is in the increasing phase and is forecasted to reach ~$21.8B by 2020, at a compound annual growth rate (CAGR) of 17.10 percent from 2015 to 2020.

Retail & consumer electronics Industries controled the NFC market

The retail market is one of the most prominent applications of the market due to the increase of mobile commerce and cashless transactions global. In 2014, the retail sector recorded for a share of 60.0 percent of the total market. Accordingly, the deployment of intelligent NFC PoS terminals is also supported by retail owners and many other stakeholders as they help to drastically reduce the overburden of carrying cash and cards. The consumer electronics application also held a prominent share of the NFC market. The industry demand for NFC technology in increasing consumer electronics devices including wearable electronics, cameras, mobile phones, and others is supporting the increase of the market.

Asia-Pacific is intended to be the quickest increasing market. The quick increase of market in Asia-Pac is assigned to the increasing shipments of NFC-enabled mobile phones and retail automation products. Furthermore, Asia-Pacific is a lucrative area for automotive production as the main automotive manufacturers are shifting their base to this area; this, in turn offers an opportunity for the NFC market in Asia-Pac.

This research study implies the extensive use of secondary sources, directories, and databases (including Hoovers, Bloomberg, Businessweek, Factiva, and OneSource) to identify and collect information useful for this study. After arriving the global market size the total market has been split into various segments and subsegments and confirmed with the top industry experts. Below is the description of the primary interview conducted for this business report.

- By company category: Tier I- 20.0 percent, Tier II - 35.0 percent, and Tier III - 45.0 percent

- By description: C level- 20.0 percent , D-level - 60.0 percent , others - 20.0 percent

- By region- North America - 50.0 percent, EU - 33.0 percent, North America continent - 17.0 percent

At present, the whole Americas hold the biggest market share. The whole Americas is the most technologically advanced market due to the higher penetration of NFC technology. The mobile NFC payment has become a first choice for a majority of customers in the North American area as it delivers a convenient way to pay, through a smartphone. Asia-Pacific is forecasted to be the quickest developing market until 2020, it is anticipated to be a market leader for NFC products. The increasing shipments of mobile and volume of contactless payments in Asian region are the top drivers for the rise in Asia-Pac.

The geographic segmentation includes four main regions of the world, that is, the whole Americas, Europe (EU), Asia Pacific (APAC), and the Rest of the globe. The report also profiles main actors in the NFC market. Some of the main players in this industry are NXP Semiconductors, Broadcom Corporation, STMicroelectronics (NYSE:STM), MediaTek, Incorporated, and Renesas Electronics Corporation, Texas Instruments, Gemalto N.V., Huawei Technologies Co. Ltd., INSIDE Secure, and Samsung Electronics Company Limited

Why acquiring this study can help you

This industry report caters to the needs of leading firms, final users, component manufacturers, and other related stakeholders in this sector. Other parties that could benefit from the analysis contain government bodies, environmental agencies, consulting firms, business development executives, C-level employees, and VPs. Our industry report would benefit you analyze new opportunities and potential revenue sources and enhance your decision -making process for new business strategies. The quantitative and qualitative information in the market research together with our comprehensive review will facilitate you gain an edge in the sector.

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