The global Near-Field Communication (NFC) market size is expected to reach USD 87.53 Billion in 2032 and register a steady revenue CAGR of 14.2% during the forecast period, according to the latest analysis by Emergen Research. Increasing adoption of wearable technology is a major factor driving revenue growth of the market. Activity trackers in the sporting goods sector as well as companies that provide high-end fashion accessories are driving expansion of wearable technology. Near Field Communication (NFC) and wireless charging technology are rapidly being incorporated with built-in connectivity technologies such as Wi-Fi and Bluetooth in wristbands. NFC is used to make contactless payments utilizing EMVCo-compatible technology. Undoubtedly, it is convenient to be able to make purchases without having to take out one's wallet or to go for a run without having to bring a phone or wallet. Wearables are increasingly using wireless charging. These devices batteries need to be often recharged. The ability to wirelessly charge the device is innovative for the wearable sector since it eliminates the need to bring a charger or go home.
The report titled ‘Global Near Field Communication Market’ provides the reader with a panoramic view of the Near Field Communication industry while estimating the overall size and the size and share of the market’s key regional segments over the projected timeframe. According to our market analysts, the global Near Field Communication market is expected to exhibit a robust growth rate throughout the forecast period. The promising market growth can be attributed to the significant rise in product demand across the regional markets. The latest study offers a granular analysis of the market’s major developmental parameters, along with its potential business avenues and market dynamics. The document is specially curated to offer a deep understanding of the competitive terrain of the global market. It further highlights the leading market rivals, their market positions, product portfolios, gross revenue shares, profit margins, pricing analysis, sales network & distribution channels, and financial standing.
Get a sample of the report from @ https://www.emergenresearch.com/request-sample/1688
Key companies profiled in the report include:
NXP Semiconductors, Broadcom, Qualcomm Technologies, Inc., Texas Instruments Incorporated, STMicroelectronics, Samsung, Renesas Electronics Corporation, Intel Corporation, Toshiba Corporation, and ams-OSRAM AG
Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Near Field Communication market?
What are the key product types and applications of the Near Field Communication industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Near Field Communication market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Near Field Communication Market by 2027?
Click to access the Report Study, read key highlights of the Report and Look at Projected Trends: https://www.emergenresearch.com/industry-report/near-field-communication-market
Market Segmentation
Device Operating Mode Outlook (Revenue, USD Million; 2019–2032) Reader Emulation Peer-to-Peer Card Emulation Offering Outlook (Revenue, USD Million; 2019–2032) Non-Auxiliary Products NFC ICS & Antennas NFC Tags NFC Readers Auxiliary Products NFC Micro SD Cards NFC Covers Software Application Outlook (Revenue, USD Million; 2019–2032) Retail Product Identification Transaction Transportation Ticketing Access Control Automotive Low-End Mid-Range High-End Residential & Commercial Physical Access Time& Attendance Automated Locking System Smart Lighting Medical & Healthcare Medical Devices Access Control Consumer Electronics Wearable Devices Mobile Phones/Tablets Laptops/Personal Computers Cameras Printers Gaming Devices Others Banking & Finance E-Money Services (POS Machines) Multiforex Cards Hospitality Access Control Transaction Others Education Government Regional Analysis:
Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.
Enquire for customization in Report @: https://www.emergenresearch.com/request-for-customization/1688
ToC of the report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type applications
Chapter 9: Current and Future Trends
Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.
Browse More Relate Reports
Web 3.0 Market https://www.emergenresearch.com/industry-report/web-3-market
Ethoxylates Market https://www.emergenresearch.com/industry-report/ethoxylates-market
Bioprocessing Bags Market https://www.emergenresearch.com/industry-report/bioprocessing-bags-market
Plastic Additives Market https://www.emergenresearch.com/industry-report/plastic-additives-market
Spine X Ray And Computed Tomography Market https://www.emergenresearch.com/industry-report/spine-x-ray-and-computed-tomography-market
Holographic Imaging Market https://www.emergenresearch.com/industry-report/holographic-imaging-market
Structured Query Language Server Transformation Market https://www.emergenresearch.com/industry-report/structured-query-language-server-transformation-market
Wifi Analytics Market https://www.emergenresearch.com/industry-report/wifi-analytics-market
Python Package Software Market https://www.emergenresearch.com/industry-report/python-package-software-market
Workforce Management Market https://www.emergenresearch.com/industry-report/workforce-management-market
About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: [email protected]
Visit for More Insights: https://www.emergenresearch.com/insights
Explore Our Custom Intelligence services | Growth Consulting Services
Trending Titles: Saffron Market |Lithium Iron Phosphate Battery Market
Latest Report:Eye Tracking Market |Wireless Connectivity Market