DUBLIN--(BUSINESS WIRE)--Aug 21, 2018--The "Global Near Field Communication Market (2018-2023)" report has been added to ResearchAndMarkets.com's offering.

The global near field communication market is expected to have a significant compounded annual growth rate of 21.30% and reach a market size of USD 23.82 Bn by 2023.

The market is expected to grow at a strong rate as it has made its way into various fields of applications like retail, transportation, healthcare, etc. Wide adoption in systems like Samsung Pay and Android Pay are expected to make NFC technology a commonplace by creating mass awareness. Also, its recent integration with mobile giant Apple (iOS 11) is expected to help the growth of the market.

Not only is NFC being incorporated in consumer electronics like smartphones and televisions, but also in the healthcare sector. Implantable medical devices require high energy efficiency and conservation. NFC technology is suitable for such uses as the NFC reader can activate the tag only when it is necessary and transfer power wirelessly.

Based on the end user industry, the retail segment accounted for the most significant share of the market in 2017, as retailers like Burberry, Harvey Nichols, etc., are continuously adopting NFC technology to enhance shopping experiences in brick and mortar stores. Beyond reforming payments, NFC is creating opportunities for retailers to inform and persuade shoppers.

By product type, the NFC controller chips are expected to have the highest growth rate owing to its wide adoption in contactless payment systems within various industries.

Companies Featured

NXP Semiconductors STMicroelectronics Gemalto Inside Secure Broadcom

Key Topics Covered

Chapter 1. Executive Summary

Chapter 2. Introduction

Chapter 3. Global Near Field Communication Market Overview

Chapter 4. Global Near Field Communication Market Segmentation - by Regions

Chapter 5. Global Near Field Communication Market Segmentation - by Product

Chapter 6. Global Near Field Communication Market Segmentation - by End-User Industry

Chapter 7. Global Near Field Communication Market Segmentation - by Mode of Operation

Chapter 8. Global Near Field Communication Market - by Regions

Chapter 9. Competitive Landscape

Chapter 10. Conclusions

For more information about this report visit https://www.researchandmarkets.com/research/x5l62v/23_8_billion?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180821005272/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Manager


For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Near Field Communication



SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 08/21/2018 04:26 AM/DISC: 08/21/2018 04:26 AM