Near Field Communication Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The NFC market is expected to grow from USD 18.0  billion in 2020 to USD 34.9 billion by 2027, at a CAGR of 14%.

NFC (Near Field Communication) is a telecommunications innovation. NFC is a short-range communication procedure that allows gadgets to share data. Again, NFC has been replaced by a successful option over other short-range communications advancements such as Bluetooth and Wi-Fi.

Segments Covered In this reports:

By End-Device

• Smartphone​
• PCs and Other Consumer Electronics​
• Medical Equipment​
• Other End-Devices​

By End-user Vertical

• BFSI
• IT & Telecommunications​
• Retail
• Healthcare
• Hospitality and Transportation​

Companies covered

The NFC market was dominated by NXP Semiconductors (The Netherlands), Broadcom (US), Qualcomm (US), Texas Instruments (US), STMicroelectronics (Switzerland), Thales Group (Sweden), Infineon Technologies (Germany), Sony (Japan), ams (Austria)

Scope of the Report

The research study analyzes the global Near Field Communication industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Near Field Communication Market Report

1. What was the Near Field Communication Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027). 2. What will be the CAGR of Near Field Communication Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Near Field Communication Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.