Nearfield Communication (NFC) Market by Product (NFC Readers, NFC Tags, NFC Sensors), by Enterprise Size (Large Enterprises, Small, Medium-sized Enterprises (SMEs), by Device (Smartphones & tablets, Laptop & PCs, Others), by Industry (Government, Consumer Electronics, Banking, Financial Services, Insurance (BFSI), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2025-2033
The Nearfield Communication (NFC) Market size was valued at USD 25.12 USD million in 2023 and is projected to reach USD 64.02 USD million by 2032, exhibiting a CAGR of 14.3 % during the forecast period. Nearfield Communication (NFC) is a specific contact-less technology that establishes short-range communications between devices usually at a distance of up to a few centimeters. It operates on radio-frequency identification (RFID) standards and supports three modes: The major types of NFC interactions are; peer-to-peer, reader/writer, and card emulation. As previously mentioned, NFC is simple to use and does not require proactively pairing of the devices or power to initiate communication and the device generally has low power consumption. Some of the most frequently used fields are in the area of payments with/without cards, identification, data exchange, and ticketing. The security level that NFC incorporates in the form of encryption and secure elements in the system enables its efficiency in sensitive and secure purchases needed across industries like retail and transportation.
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Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 14.3% from 2019-2033 |
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Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 14.3% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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