NFC Market

Executive Summary

NFC Market was valued at US $25.28 billion in 2021 and is projected to grow at 17.59% CAGR over the forecast period to reach US $66.85 billion by 2027. NFC Market represented US $7.00 billion opportunity over 2019-2021 and estimated to create US $41.57 billion opportunity in 2027 over 2021.

NFC from Consainsights analyses the NFC Market in the Technology & Media industry over the forecast period to 2027.

NFC research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

NFC segmentation includes Device Operating Mode, Offering, Applications and Geography.

Based on the Device Operating Mode, the NFC analysis covers Reader Emulation, Peer-To-Peer, Card Emulation.

In Device Operating Mode segment, Reader Emulation segment has highest cagr growth of 15.49%.

Based on the Offering, the NFC analysis covers Non-Auxiliary Products, Auxiliary Products, Software.

In Offering segment, Non-Auxiliary Products segment has highest cagr growth of 15.49%.

Based on the Applications, the NFC analysis covers Retail, Transportation, Automotive, Residential & Commercial, Medical & Healthcare, Consumer Electronics, Banking & Finance, Hospitality, Others.

In Applications segment, Retail segment has highest cagr growth of 15.49%.

Based on the region, the NFC analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include Key Players, Other Companies and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Device Operating Mode

Introduction

In 2021, Peer-To-Peer segment has the highest revenue of US $10.22 billion and is expected to grow at CAGR of 15.49% by 2027 Reader Emulation segment has highest cagr growth of 15.49%.

Reader Emulation

Reader Emulation segment was valued at US $7.31 billion in 2019 and is projected to grow at 15.49% CAGR over the forecast period to reach US $26.72 billion by 2027. Reader Emulation segment represented US $2.80 billion opportunity over 2019-2021 and estimated to create US $16.62 billion opportunity in 2027 over 2021.

Peer-To-Peer

Peer-To-Peer segment was valued at US $7.39 billion in 2019 and is projected to grow at 15.49% CAGR over the forecast period to reach US $27.03 billion by 2027. Peer-To-Peer segment represented US $2.83 billion opportunity over 2019-2021 and estimated to create US $16.81 billion opportunity in 2027 over 2021.

Card Emulation

Card Emulation segment was valued at US $3.58 billion in 2019 and is projected to grow at 15.49% CAGR over the forecast period to reach US $13.09 billion by 2027. Card Emulation segment represented US $1.37 billion opportunity over 2019-2021 and estimated to create US $8.14 billion opportunity in 2027 over 2021.

Offering

Introduction

In 2021, Non-Auxiliary Products segment has the highest revenue of US $10.64 billion and is expected to grow at CAGR of 15.49% by 2027 Non-Auxiliary Products segment has highest cagr growth of 15.49%.

Non-Auxiliary Products

Non-Auxiliary Products segment was valued at US $7.69 billion in 2019 and is projected to grow at 15.49% CAGR over the forecast period to reach US $28.13 billion by 2027. Non-Auxiliary Products segment represented US $2.94 billion opportunity over 2019-2021 and estimated to create US $17.49 billion opportunity in 2027 over 2021.

Auxiliary Products

Auxiliary Products segment was valued at US $6.91 billion in 2019 and is projected to grow at 15.49% CAGR over the forecast period to reach US $25.28 billion by 2027. Auxiliary Products segment represented US $2.65 billion opportunity over 2019-2021 and estimated to create US $15.72 billion opportunity in 2027 over 2021.

Software

Software segment was valued at US $3.68 billion in 2019 and is projected to grow at 15.49% CAGR over the forecast period to reach US $13.44 billion by 2027. Software segment represented US $1.41 billion opportunity over 2019-2021 and estimated to create US $8.36 billion opportunity in 2027 over 2021.

Applications

Introduction

In 2021, Retail segment has the highest revenue of US $9.90 billion and is expected to grow at CAGR of 15.49% by 2027 Retail segment has highest cagr growth of 15.49%.

Retail

Retail segment was valued at US $7.16 billion in 2019 and is projected to grow at 15.49% CAGR over the forecast period to reach US $26.19 billion by 2027. Retail segment represented US $2.74 billion opportunity over 2019-2021 and estimated to create US $16.28 billion opportunity in 2027 over 2021.

Transportation

Transportation segment was valued at US $4.56 billion in 2019 and is projected to grow at 15.49% CAGR over the forecast period to reach US $16.66 billion by 2027. Transportation segment represented US $1.74 billion opportunity over 2019-2021 and estimated to create US $10.36 billion opportunity in 2027 over 2021.

Automotive

Automotive segment was valued at US $2.76 billion in 2019 and is projected to grow at 15.49% CAGR over the forecast period to reach US $10.10 billion by 2027. Automotive segment represented US $1.06 billion opportunity over 2019-2021 and estimated to create US $6.28 billion opportunity in 2027 over 2021.

Residential & Commercial

Residential & Commercial segment was valued at US $1.59 billion in 2019 and is projected to grow at 15.49% CAGR over the forecast period to reach US $5.81 billion by 2027. Residential & Commercial segment represented US $0.61 billion opportunity over 2019-2021 and estimated to create US $3.61 billion opportunity in 2027 over 2021.

Medical & Healthcare

Medical & Healthcare segment was valued at US $0.96 billion in 2019 and is projected to grow at 15.49% CAGR over the forecast period to reach US $3.53 billion by 2027. Medical & Healthcare segment represented US $0.37 billion opportunity over 2019-2021 and estimated to create US $2.19 billion opportunity in 2027 over 2021.

Consumer Electronics

Consumer Electronics segment was valued at US $0.55 billion in 2019 and is projected to grow at 15.49% CAGR over the forecast period to reach US $2.02 billion by 2027. Consumer Electronics segment represented US $0.21 billion opportunity over 2019-2021 and estimated to create US $1.26 billion opportunity in 2027 over 2021.

Banking & Finance

Banking & Finance segment was valued at US $0.42 billion in 2019 and is projected to grow at 15.49% CAGR over the forecast period to reach US $1.54 billion by 2027. Banking & Finance segment represented US $0.16 billion opportunity over 2019-2021 and estimated to create US $0.96 billion opportunity in 2027 over 2021.

Hospitality

Hospitality segment was valued at US $0.27 billion in 2019 and is projected to grow at 15.49% CAGR over the forecast period to reach US $1.00 billion by 2027. Hospitality segment represented US $0.10 billion opportunity over 2019-2021 and estimated to create US $0.62 billion opportunity in 2027 over 2021.

Others

Others segment was valued at US $0.00 billion in 2019 and is projected to grow at 15.49% CAGR over the forecast period to reach US $0.00 billion by 2027. Others segment represented US $0.00 billion opportunity over 2019-2021 and estimated to create US $0.00 billion opportunity in 2027 over 2021.