The US NFC market is set to grow from $9.50 billion in 2017 to $35.84 billion by 2027, with a CAGR of 14.2%. Key players include NXP Semiconductors and Gentag.
NFC Market is valued at USD 9.50 Billion in 2017 and is expected to reach USD 35.84 Billion by 2027 with a CAGR of 14.2% over the forecast period.
Scope ofNFC Market Report:
The contactless communication between different devices is known as Near Field Communication (NFC). These devices can be smartphones, tablets, or any NFC-compatible device. It works on the principle of electromagnetic radio fields by sending information from transmitter to receiver within close proximity to each other. The rough range for NFC devices to communicate with each other is within 10cm.
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Due to this short range, it is good for secure communication between NFC-enabled devices and hence is more convenient and versatile in nature. World pay, the leader in NFC technology helps other businesses to adopt the fast and secure NFC communication for payment methods reported in 2019 US Consumer Behavior Report that 66% of US consumer believes that traditional payment cards will be replaced by smartphones in coming years.
Important years considered in the study are:
Historical year – 2015-2020; Base year – 2020; forecast period – 2021 to 2027
Global NFC Market Segmentation:
By Technology:
By Devices:
By Modes:
By Application Type:
Geographically, this report split global into several key Regions, revenue (Million USD) The geography (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) focusing on key countries in each region. It also covers market drivers, restraints, opportunities, challenges, and key issues in Global Post-Consumer NFC Market.
Some of the key players/Manufacturers Involved in the Market are:
Some major key players for Global NFC Market are NXP semicondutors, Gentag, Dukosi, Go To Tags, Toro Development, AncomAS, TapSpaces, NFC21, Wearifi, Amyko, Agate Studios and others.
Key Benefits for NFC Market Reports
The analysis provides an exhaustive investigation of the global Post-Consumer NFC market together with the future projections to assess the investment feasibility. Furthermore, the report includes both quantitative and qualitative analyses of the Post-Consumer NFC market throughout the forecast period. The report also comprehends business opportunities and scope for expansion. Besides this, it provides insights into market threats or barriers and the impact of regulatory framework to give an executive-level blueprint the Post-Consumer NFC market. This is done with an aim of helping companies in
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Key Benefits for Industry Participants & Stakeholders
Porter’s Analysis is another added point in the report which explains how the number of manufacturers affects the whole market scenario.
PESTLE Analysis includes a political, economic, social, technological, legal, and environmental analysis of all the regions. This analysis explains the effect of all these factors on the NFC market.
Pricing analysis is provided in the report, which is examined in accordance with different regions and product type segments. The values for all product type segments in all the regions including North America, Latin America, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA) are provided.
Table of Content
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description
2.1. Market Introduction
2.2. Executive Summary
2.3. Global NFC Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. NFC Market: Trends
2.8. Porter’s Five Forces Analysis
2.9. Market Attractiveness Analysis
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According to the Regional Segmentation, the NFC Market provides the Information covers the following regions:
Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.
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The article discusses the growth and trends of the US NFC market, projected to reach $35.84 billion by 2027.
The key drivers include the adoption of NFC technology for secure communication and payment methods.
Major players include NXP Semiconductors, Gentag, and Dukosi.
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