The global Near-Field Communication (NFC) market size is expected to reach USD 87.53 Billion in 2032 and register a steady revenue CAGR of 14.2% during the forecast period, according to the latest analysis by Emergen Research. Increasing adoption of wearable technology is a major factor driving revenue growth of the market. Activity trackers in the sporting goods sector as well as companies that provide high-end fashion accessories are driving expansion of wearable technology. Near Field Communication (NFC) and wireless charging technology are rapidly being incorporated with built-in connectivity technologies such as Wi-Fi and Bluetooth in wristbands. NFC is used to make contactless payments utilizing EMVCo-compatible technology. Undoubtedly, it is convenient to be able to make purchases without having to take out one's wallet or to go for a run without having to bring a phone or wallet. Wearables are increasingly using wireless charging. These devices batteries need to be often recharged. The ability to wirelessly charge the device is innovative for the wearable sector since it eliminates the need to bring a charger or go home.

Emergen Research latest market report, titled ‘Global Near Field Communication Market’, is an all-inclusive study of the global Near Field Communication industry that accurately forecasts the current and future trends of this business sphere. The research report provides the reader with an in-depth interpretation of the Near Field Communication market dynamics and the crucial drivers, opportunities, threats, and challenges expected to impact the potential market development. The report defines the key business strategies, demand and supply ratios, leading regions, and the renowned market players. Besides offering a futuristic outlook of the Near Field Communication industry, the latest study focuses on the leading products and services offered by this market. It also emphasizes the revenue share, pricing structure, sales & distribution, and production and the estimated growth rates of each market segment.

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Key companies profiled in the report include:

NXP Semiconductors, Broadcom, Qualcomm Technologies, Inc., Texas Instruments Incorporated, STMicroelectronics, Samsung, Renesas Electronics Corporation, Intel Corporation, Toshiba Corporation, and ams-OSRAM AG

Key Questions Answered by the Report:

Which region is expected to dominate the market in the coming years?

What are the recent technological and product advancements occurring in the market?

What are the key strategies adopted by the prominent players in the Near Field Communication market?

What are the key product types and applications of the Near Field Communication industry?

What is the outcome of SWOT analysis and Porter’s Five Forces analysis?

How is the competitive landscape of the Near Field Communication market?

Who are the key players in the industry?

What is the growth rate of the industry over the coming years?

What will be the valuation of the Near Field Communication Market by 2027?

Click to access the Report Study, read key highlights of the Report and Look at Projected Trends:https://www.emergenresearch.com/industry-report/near-field-communication-market

Market Segmentation

Device Operating Mode Outlook (Revenue, USD Million; 2019–2032) Reader Emulation Peer-to-Peer Card Emulation Offering Outlook (Revenue, USD Million; 2019–2032) Non-Auxiliary Products NFC ICS & Antennas NFC Tags NFC Readers Auxiliary Products NFC Micro SD Cards NFC Covers Software Application Outlook (Revenue, USD Million; 2019–2032) Retail Product Identification Transaction Transportation Ticketing Access Control Automotive Low-End Mid-Range High-End Residential & Commercial Physical Access Time& Attendance Automated Locking System Smart Lighting Medical & Healthcare Medical Devices Access Control Consumer Electronics Wearable Devices Mobile Phones/Tablets Laptops/Personal Computers Cameras Printers Gaming Devices Others Banking & Finance E-Money Services (POS Machines) Multiforex Cards Hospitality Access Control Transaction Others Education Government Regional Analysis:

Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.

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ToC of the report:

Chapter 1: Market overview and scope

Chapter 2: Market outlook

Chapter 3: Impact analysis of COVID-19 pandemic

Chapter 4: Competitive Landscape

Chapter 5: Drivers, Constraints, Opportunities, Limitations

Chapter 6: Key manufacturers of the industry

Chapter 7: Regional analysis

Chapter 8: Market segmentation based on type applications

Chapter 9: Current and Future Trends

Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.

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