Product Code: 978-1-68038-261-7
Near Field Communication Market Growth & Trends:
The global near field communication market size is estimated to reach USD 61.23 billion by 2030, registering a CAGR of 12.3% from 2025 to 2030, according to a new report by Grand View Research, Inc. The industry is poised for an unprecedented growth over the forecast period owing to the increasing penetration of smartphones in the developing economy. Increasing adoption of mobile payment services has led to the intensive utilization of POS with the launch of e-wallet and Apple Watch. Banking entities, payment gateways, and payment processors are expected to expand the capabilities for accommodating the new enhanced technology. The emergence of the mobile wallet services has allowed users to pay for services through mobile devices or through cashless payment modes, which have further enhanced near field communication market growth.
The increasing demand for the NFC-based payment solutions has led the manufacturers to develop an enhanced version of the digital payment platform, further developing the market growth. Growing penetration of wearable technology devices as a significant component of Internet of Things with lowered costs have immensely contributed to the industry growth.
The emergence of mobile wallets, such as Android Pay, Apple Pay, and Samsung Pay, are also expected to further drive the substantial mobile payments growth, owing to their capability of paying through mobile phones instead of cards or any other cashless payment modes. The increasing number of vendors is expected to increase the concentration and propel the development of near field communication infrastructure, thus accelerating the market growth. The increasing need for lowering the cost of ownership and the increased convenience need will continue to dictate the market development.
Near Field Communication Market Report Highlights:
- By device operating mode, the reader emulation segment led the market with a largest revenue share of 40.8% in 2024
- Based on offering, the software segment is anticipated to expand at the fastest CAGR over the forecast period
- The retail segment held the leading revenue share in the global market in 2024 on account of the rapidly growing usage of contactless payment solutions in this industry.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. Country Based Segment Share Calculation
- 1.8. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Regional Outlook
- 2.4. Competitive Insights
Chapter 3. Near Field Communication Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Drivers Analysis
- 3.2.2. Market Restraints Analysis
- 3.2.3. Industry Challenges
- 3.3. Near Field Communication Market Analysis Tools
- 3.3.1. Porter's Analysis
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political Landscape
- 3.3.2.2. Economic and Social Landscape
- 3.3.2.3. Technological Landscape
- 3.3.2.4. Environmental Landscape
- 3.3.2.5. Legal Landscape
Chapter 4. Near Field Communication Market: Device Operating Mode Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Near Field Communication Market: Device Operating Mode Movement Analysis, USD Million, 2024 & 2030
- 4.3. Reader Emulation
- 4.3.1. Reader Emulation Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.4. Peer-to-peer
- 4.4.1. Peer-to-peer Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.5. Card Emulation
- 4.5.1. Card Emulation Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 5. Near Field Communication Market: Offering Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Near Field Communication Market: Offering Movement Analysis, USD Million, 2024 & 2030
- 5.3. Non-auxiliary Products
- 5.3.1. Non-auxiliary Products Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.3.2. NFC ICs & Antennas
- 5.3.2.1. NFC ICs & Antennas Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.3.3. NFC Tags
- 5.3.3.1. NFC Tags Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.3.4. NFC Readers
- 5.3.4.1. NFC Readers Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.4. Auxiliary Products
- 5.4.1. Auxiliary Products Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.4.2. NFC Micro-SD Cards
- 5.4.2.1. NFC Micro-SD Cards Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.4.3. NFC SIM/UICC Cards
- 5.4.3.1. NFC SIM/UICC Cards Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.4.4. NFC Covers
- 5.4.4.1. NFC Covers Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 5.5. Software
- 5.5.1. Software Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 6. Near Field Communication Market: Application Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Near Field Communication Market: Application Movement Analysis, USD Million, 2024 & 2030
- 6.3. Retail
- 6.3.1. Retail Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.4. Transportation
- 6.4.1. Transportation Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.5. Automotive
- 6.5.1. Automotive Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.6. Residential & Commercial
- 6.6.1. Residential & Commercial Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.7. Medical & Healthcare
- 6.7.1. Medical & Healthcare Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.8. Consumer Electronics
- 6.8.1. Consumer Electronics Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.9. BFSI
- 6.9.1. BFSI Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.10. Hospitality
- 6.10.1. Hospitality Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
- 6.11. Others
- 6.11.1. Other Applications Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 7. Near Field Communication Market: Regional Estimates & Trend Analysis
- 7.1. Near Field Communication Market Share, By Region, 2024 & 2030, USD Million
- 7.2. North America
- 7.2.1. North America Near Field Communication Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. U.S. Near Field Communication Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Canada Near Field Communication Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.4. Mexico
- 7.2.4.1. Mexico Near Field Communication Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Near Field Communication Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.2. U.K.
- 7.3.2.1. U.K. Near Field Communication Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.3. Germany
- 7.3.3.1. Germany Near Field Communication Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.4. France
- 7.3.4.1. France Near Field Communication Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Near Field Communication Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.2. China
- 7.4.2.1. China Near Field Communication Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.3. Japan
- 7.4.3.1. Japan Near Field Communication Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.4. India
- 7.4.4.1. India Near Field Communication Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.5. South Korea
- 7.4.5.1. South Korea Near Field Communication Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.6. Australia
- 7.4.6.1. Australia Near Field Communication Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Near Field Communication Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Brazil Near Field Communication Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6. Middle East and Africa
- 7.6.1. Middle East and Africa Near Field Communication Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.2. Saudi Arabia
- 7.6.2.1. Saudi Arabia Near Field Communication Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.3. South Africa
- 7.6.3.1. South Africa Near Field Communication Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6.4. UAE
- 7.6.4.1. UAE Near Field Communication Market Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Company Categorization
- 8.2. Company Market Positioning
- 8.3. Company Heat Map Analysis
- 8.4. Company Profiles
- 8.4.1. NXP Semiconductors
- 8.4.1.1. Participant's Overview
- 8.4.1.2. Financial Performance
- 8.4.1.3. Product Benchmarking
- 8.4.1.4. Recent Developments/ Strategic Initiatives
- 8.4.2. Broadcom
- 8.4.2.1. Participant's Overview
- 8.4.2.2. Financial Performance
- 8.4.2.3. Product Benchmarking
- 8.4.2.4. Recent Developments/ Strategic Initiatives
- 8.4.3. Qualcomm Technologies, Inc.
- 8.4.3.1. Participant's Overview
- 8.4.3.2. Financial Performance
- 8.4.3.3. Product Benchmarking
- 8.4.3.4. Recent Developments/ Strategic Initiatives
- 8.4.4. SAMSUNG
- 8.4.4.1. Participant's Overview
- 8.4.4.2. Financial Performance
- 8.4.4.3. Product Benchmarking
- 8.4.4.4. Recent Developments/ Strategic Initiatives
- 8.4.5. Texas Instruments Incorporated
- 8.4.5.1. Participant's Overview
- 8.4.5.2. Financial Performance
- 8.4.5.3. Product Benchmarking
- 8.4.5.4. Recent Developments/ Strategic Initiatives
- 8.4.6. STMicroelectronics
- 8.4.6.1. Participant's Overview
- 8.4.6.2. Financial Performance
- 8.4.6.3. Product Benchmarking
- 8.4.6.4. Recent Developments/ Strategic Initiatives
- 8.4.7. Infineon Technologies AG
- 8.4.7.1. Participant's Overview
- 8.4.7.2. Financial Performance
- 8.4.7.3. Product Benchmarking
- 8.4.7.4. Recent Developments/ Strategic Initiatives
- 8.4.8. Sony Corporation
- 8.4.8.1. Participant's Overview
- 8.4.8.2. Financial Performance
- 8.4.8.3. Product Benchmarking
- 8.4.8.4. Recent Developments/ Strategic Initiatives
- 8.4.9. Rambus.com
- 8.4.9.1. Participant's Overview
- 8.4.9.2. Financial Performance
- 8.4.9.3. Product Benchmarking
- 8.4.9.4. Recent Developments/ Strategic Initiatives
- 8.4.10. Apple, Inc.
- 8.4.10.1. Participant's Overview
- 8.4.10.2. Financial Performance
- 8.4.10.3. Product Benchmarking
- 8.4.10.4. Recent Developments/ Strategic Initiatives