Near Field Communication Market size was valued at US$ 20.55 Bn in 2021 and the total revenue is expected to grow at 14.2 % through 2022 to 2029, reaching nearly US$ 59.46 Bn.

Near Field Communication Market Overview:

The Near Field Communication Market competitive landscape separates information by a competitor. The facts include a corporate overview, financials, revenue generated, market potential, investment in research and development, new market efforts, geographical presence, firm strengths and weaknesses, product introduction, product width and breadth, and application dominance. The preceding data points are solely relevant to the businesses' concentration on the Near Field Communication Market .

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Market Scope:

This Near Field Communication Market report discusses new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, and geographic expansion. Please contact Maximize Market Research for an Analyst Brief for more information on the Near Field Communication Market ; our specialists will aid you in making an informed market choice to achieve market growth.

Segmentation:

Based on product, the global near field communication market is segmented into NFC controller ICs (chips), NFC tags, NFC readers, and NFC secure elements. The NFC reader segment will hold the largest market share at xx% in 2021 and is expected to maintain its leading position during the forecast period. This is due to the growing demand for NFC readers for network access, identity and new applications. In addition, NFC readers are compact and versatile, with features such as password protection, payments, transport systems, and time and attendance.

Based on the device, the global short-range wireless communication market is segmented into read/write mode, card emulation mode, and peer-to-peer mode. The reader/writer in the global NFC market is expected to grow at a high CAGR of xx% during the forecast period. NFC chips are used in reading mode by various mobile phones and commercial applications. Due to strong payment demand, NFC-based digital payments such as Google Pay, Samsung Pay, Apple Pay, and Android Pay are widely used and are expected to grow fastest during the forecast period.

Based on application, the global short-range wireless communication market is segmented into mobile/contactless payments, information sharing, user authentication and access control, healthcare system monitoring, and others. Mobile/contactless payments in the global NFC market is expected to grow at a high CAGR of xx% during the forecast period. Growing demand for cashless transactions worldwide is one of the major drivers of the short-range wireless communication market. Multitasking electronic devices are therefore gaining strong acceptance all over the world. Consumer electronics companies are working to integrate NFC technology into mobile phones and tablets to provide integrated solutions to their customers.   

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Key Players:  The following are the key players of the Near Field Communication Market -

• Qualcomm
• Sony
• Texas Instruments
• Impak Health Nedap
• Gentag Inc.
• Omron Healthcare
• Qolpac
• A&D Company
• NXP Semiconductors
• Gemalto
• Broadcom
• Infineon Technologies
• Inside Secure
• MediaTek
• Samsung Electronics Corporation
• Renesas Electronics Corporation
• STMicroelectronics NV.
• Thales Group
• Ams
• Identive
• HID Global
• MagTek
• Avery Dennison

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Regional Analysis:

The geographical section of the research also includes individual market influencing variables and changes in market regulations that affect current and future market trends. Data points such as downstream and upstream value chain analysis, technology trends, porter's five forces analysis, and case studies are only a few of the indicators used to forecast market scenarios for various countries.

COVID-19 Impact Analysis on Near Field Communication Market : The research also addresses the impact of COVID-19 on the Near Field Communication Market . The fundamental purpose of this study is to aid the user in understanding the market in terms of definition, segmentation, market potential, noteworthy trends, and industry challenges across 10 key regions. The study provides a micro and macroeconomic analysis of the total impact of COVID-19 on the Near Field Communication Market . The specific analysis focuses on market share and size, which clearly demonstrates the influence that the pandemic has had and will have on the global Health Insurance Market in the next years.

Key Questions Answered in the Near Field Communication Market Report are:

• What will be the CAGR of the Near Field Communication Market during the forecast period (2021-2029)?
• Which segment emerged as the leading segment in the Near Field Communication Market ?
• Which are the prominent players in the Near Field Communication Market ?
• What key trends are likely to emerge in the Near Field Communication Market in the forecast period?
• What will be the Near Field Communication Market size by 2029?
• Which company held the largest share in the Near Field Communication Market in 2021?

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