Global Near Field Communication Market Growth (Status and Outlook) 2023-2029

Global Near Field Communication Market Growth (Status and Outlook) 2023-2029

Near-field communication also known as near-field wireless communication, is a short-range, high-frequency wireless communication technology that allows non-contact point-to-point data transmission and exchange of data between electronic devices.

LPI (LP Information)' newest research report, the “Near Field Communication Industry Forecast” looks at past sales and reviews total world Near Field Communication sales in 2022, providing a comprehensive analysis by region and market sector of projected Near Field Communication sales for 2023 through 2029. With Near Field Communication sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Near Field Communication industry.

This Insight Report provides a comprehensive analysis of the global Near Field Communication landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Near Field Communication portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Near Field Communication market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Near Field Communication and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Near Field Communication.

The global Near Field Communication market size is projected to grow from US$ 24600 million in 2022 to US$ 47800 million in 2029; it is expected to grow at a CAGR of 10.0% from 2023 to 2029.

The retail industry is one of the most prominent applications of the market owing to the growth of mobile commerce and cashless transactions worldwide.

This report presents a comprehensive overview, market shares, and growth opportunities of Near Field Communication market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Card Emulation
Reader Emulation
Peer-to-peer

Segmentation by application
Retail
Transportation
Automotive
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
NXP Semiconductors
Broadcom
Stmicroelectronics
Mediatek
Gemalto
Huawei Technologies
Inside Secure
Samsung Electronics
Texas Instruments

Please note: The report will take approximately 2 business days to prepare and deliver.