Near Field Communication Market Size, Opportunities, Trends

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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 study on the Global Near Field Communication Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. The Near Field Communication market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Near Field Communication industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Near Field Communication industry.

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Competitive Outlook: The leading companies operating in the Near Field Communication market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Top Companies Operating in the Near Field Communication Market and Profiled in the Report are:

NXP Semiconductors, Broadcom, Qualcomm Technologies, Inc., Texas Instruments Incorporated, STMicroelectronics, Samsung, Renesas Electronics Corporation, Intel Corporation, Toshiba Corporation, and ams-OSRAM AG

Objectives of the Report:

Study of the global Near Field Communication market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)

Industrial structure analysis of the Near Field Communication market by identification of various sub-segments

Extensive analysis of key market players along with their SWOT analysis

Competitive landscape benchmarking

Analysis of Near Field Communication market based on growth trends, futuristic outlook, and contribution to the total growth of the market

Analysis of drivers, constraints, opportunities, challenges, and risks in the global Near Field Communication market

Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

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Segments Covered in this report are:

• 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
    1. NFC ICS & Antennas
    2. NFC Tags
    3. NFC Readers
  • Auxiliary Products
    1. NFC Micro SD Cards
    2. NFC Covers
  • Software

• Application Outlook (Revenue, USD Million; 2019–2032)
  • Retail
    1. Product Identification
    2. Transaction
  • Transportation
    1. Ticketing
    2. Access Control
  • Automotive
    1. Low-End
    2. Mid-Range
    3. High-End
  • Residential & Commercial
    1. Physical Access
    2. Time& Attendance
    3. Automated Locking System
    4. Smart Lighting
  • Medical & Healthcare
    1. Medical Devices
    2. Access Control
  • Consumer Electronics
    1. Wearable Devices
    2. Mobile Phones/Tablets
    3. Laptops/Personal Computers
    4. Cameras
    5. Printers
    6. Gaming Devices
    7. Others
  • Banking & Finance
    1. E-Money Services (POS Machines)
    2. Multiforex Cards
  • Hospitality
    1. Access Control
    2. Transaction
  • Others
    1. Education
    2. Government

Regional Analysis:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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[christopher456789456]

The growth of the global NFC market, projected to reach USD 87.53 billion by 2032, aligns with advancements in apps like FM WhatsApp by FM Watasa. Just as NFC simplifies transactions and connectivity, FM WhatsApp enhances communication with innovative features. Integrating NFC into apps like FM WhatsApp could enable seamless data sharing, secure transactions, and enhanced convenience, reflecting the synergy between NFC technology and modern mobile applications.