Near Field Communication Market (NFC) Forecast & Analysis to 2022

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The Near Field Communication (NFC) technology is developing at a very high pace in the overall market.One of the greatest advantages of this technology is that it utilizes less power than the other wireless technologies. This technology has been commercialized in many products, which operate in three modes, namely, card emulation, reader emulation, and peer-to-peer. This technology can be compatible with the existing contactless card infrastructure and this also enables a consumer to utilize one device across multiple systems.

Companies mentioned in this report “Near Field Communication (NFC) Market by Product (IC/Chips, Tags, Readers, and Auxiliary), Application (Payment, Transportation, Booking, Data Sharing, Service, Access Control, Health Care, and Tag applications) & by Geography - Global Forecasts to 2022”:-

·         Broadcom Corp

·         Gemalto NV

·         Infineon Technologies Ag

·         Inside Secure

·         Mediatek Inc.

·         Nxp Semiconductors

·         Renesas Electronics Corp.

·         Samsung Electronics Co., Ltd.

·         St Microelectronics N.V

·         Texas Instruments

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The NFC market is currently witnessing a rapid growth in all its verticals. The NFC market is driven by the increasing trend of mobile commerce. Another driver for this market is that theNFC Forum and GSMA are pushing forward theNFC standard at global level.This report gives an in-depth analysis of the NFC market that includes market by product, market by application and market by geography.

The NFC market is segmented on the basis of three major parts, namely,market by product, application, and geography. The market by product gives in-depth analysis of IC/chips, tags, readers, micro SD cards, SIM cards, and mobile covers.  The application segment is divided into eight major types namely, payment, transportation, ticket booking, data sharing, service, access control, healthcare, andtag applications. By geography this market is divided based on different geographic locations - Americas, Europe, APAC, and ROW.

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This market is expanding globally and the major market for the NFC ecosystem lies inAmerica. The other regions Europe, APAC and ROW follow the American terms of the NFC market. This report gives an in depth analysis of the major drivers, restraints, and opportunities for thismarket. Also, a competitive landscape of the major players in the NFC ecosystem is very well illustrated.

The major players in this field includes: Broadcom (U.S.), Inside Secure (France),  Infineon Technologies (Germany), MediaTek (Taiwan), NXP Semiconductors ( Netherlands), Renesas (Japan), Samsung Electronics (South Korea), Sony Corporation (Japan), STMicroelectronics (U.S.), Texas Instruments (U.S.), and Gemalto (Netherlands).

This report focuseson giving a detailed view of NFC with respect to the product market, with detailed market segmentations, combined with a qualitative analysis ofeach and every aspect of the classifications.The NFC market has been divided into three major verticals products, applications, and geography. The product vertical is sub-divided into IC/chips,tags, readers, micro SD cards, SIM cards, and covers. The application vertical has been further sub-divided into payment, transportation, booking, service, data sharing,access control healthcare, and tag applications. The geography has been sub-divided into Americas, Europe, APAC, and ROW. Payment application has the largest market share in terms of value for 2013. Apart from the demand side market drivers, the report also analyzes the supply side drivers.

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