$23.8 Billion Opportunity in the Global Near Field Communication Market by 2023 - Featuring NXP Semiconductors, STMicroelectronics, Gemalto, Inside Secure, and Broadcom - ResearchAndMarkets.com
Aug. 21, 2018
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 FeaturedNXP 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
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Related Topics:Near Field Communication
INDUSTRY KEYWORD: TECHNOLOGY SEMICONDUCTOR
SOURCE: Research and Markets
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PUB: 08/21/2018 04:26 AM/DISC: 08/21/2018 04:26 AM