Near Field Communication Market Size Estimation, Industry Share, Trending Key Players (Mediatek, Huawei Technologies), By Key Regions and Forecasts Till 2024 | Million Insights

 Breaking News
  • No posts were found

Near Field Communication Market Size Estimation, Industry Share, Trending Key Players (Mediatek, Huawei Technologies), By Key Regions and Forecasts Till 2024 | Million Insights

June 08
07:06 2020
Near Field Communication Market Size Estimation, Industry Share, Trending Key Players (Mediatek, Huawei Technologies), By Key Regions and Forecasts Till 2024 | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, The “Global Near Field Communication (NFC) Industry Analysis to 2024” is a specialized and in-depth study of the technology industry with a special focus on the global market trend analysis. The report aims to provide an overview of near field communication (NFC) market with detailed market segmentation by type, application and geography.


The scope of the global Near Field Communication (NFC) Market was appreciated at US$ 4.80 billion in 2015. The range is projected to touch US$ 47.43 billion during the forecast period. The business is composed for an extraordinary development during the period of forecast, due to the growing infiltration of smartphones in the emerging economy. By means of the introduction of Apple Watch and e-wallet, increasing implementation of mobile payment services has directed toward the rigorous operation of Point of Sale (POS).

The processors of payment, banking units and payment gateways are likely to increase the skills for accepting the new-fangled enriched technology. The arrival of the mobile wallet services has permitted customers to pay for services over mobile apparatuses or over methods of cashless payment. This have additionally improved development of the market for near field communication.

You Can Also Get Absolutely Free Sample Copy at:


The growing demand for the near field communication centered payment results has directed the manufacturing companies to develop an improved form of the digital payment platform, additionally increasing the development of the near field communication market. The arrival of mobile wallets, for example Samsung Pay, Android Pay and Apple Pay are also likely to additionally motivate the considerable developments of mobile payments, due to their ability of paying over mobile phones rather than using cards or any additional method of cashless payment. Due to the growing number of sellers, it is estimated to upsurge the awareness regarding it and boost the development of arrangement for the near field communication. The growing necessity for dropping the price of possession and the improved suitability will carry on to diktat the development of the market.


The global near field communication (NFC) industry can be classified by Application, Product, and Region. By Application it can be classified as Product Identification, Medical Devices, Ticketing, Transaction, Data Sharing, Access Control, and Others. By Product it can be classified as NFC Readers, NFC ICs, SIM Cards, NFC Tags, NFC Cover, and SD Cards.

Regional Lookout:

By Region the global near field communication market can be classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market for near field communication in Asia Pacific was projected to stay as the important region for the generation of an income. It was responsible for the share of more than 20% during 2015. The growing infiltration of tablets and smartphones is projected to be the cause behind the acceptance of the technology of near field communication.

The speedy expansion of mobile payment services has fast-tracked group efforts among the business members causing in the progress of the technology. The multinational banks have been actively capitalizing in constructing the network for mobile payment. This is additionally estimated to upsurge the application sector, retailers and the financial service providers will act as a team.

The market in Europe is projected to observe most important growths in a number of uses. This comprises near field communication centered transactions, access control and ticketing during the period of forecast. Increasing implementation of near field communication technology has directed to improved application of Point of Sale (POS) stations at retail openings for Visa Cards and contactless mobile payments.


The companies operating in the market are continuously presenting innovative and better-quality near field communication empowered apparatuses to upsurge the base of clients and to increase the product presentations of the product. Some of the important companies for near field communication industry are: Mediatek Inc., NXP Semiconductors, Infineon Technologies AG, and Huawei Technologies Co., Ltd.

Want To Access Full Research Report On Global Near Field Communication (NFC) Market? Click Here:

Market Segment:

Product Outlook (Transaction Revenue, USD Billion, 2014 – 2024)
    • SD Cards
    • SIM Cards
    • NFC Cover
    • NFC ICs
    • NFC Tags
    • NFC Readers

Application Outlook (Transaction Revenue, USD Billion, 2014 – 2024)
    • Access Control
    • Ticketing
    • Data Sharing
    • Medical Devices
    • Transaction
    • Product Identification
    • Others

Regional Outlook (Transaction Revenue, USD Billion, 2014 – 2024)
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • MEA

Read the Latest Press Releases available with Million Insights:

1. Automotive NGV Market –          

2. Self-checkout Systems Market –         

About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

For More Information:

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India

Related Articles