|[August 19, 2014]
Research and Markets: Near Field Communication (NFC) Market - Global Industry Analysis 2013 - 2019
DUBLIN --(Business Wire)--
Research and Markets (http://www.researchandmarkets.com/research/3mvdmb/near_field)
has announced the addition of the "Near
Field Communication (NFC) Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast, 2013 - 2019" report to
The global NFC market was valued at USD 1,068.3 million in 2012 and is
expected to grow at a CAGR of 43.7% during the forecast period.
Worldwide, the shipment for NFC-enabled cellular handsets stood at 264.5
million units in 2013. The mobile phone and tablet manufacturers are
increasingly including NFC features in their phones and this is expected
to grow during the coming years. Further, most of the already existing
point of sale (POS) and transportation systems across the globe use NFC
technology, thus considerable infrastructure is already developed for
the use of NFC -enabled devices. There is a lot of research being
carried out in the NFC field which shows the commitment of industry
players toward full scale implementation of NFC in coming future.
The products in NFC market include NFC controller ICs (chips), NFC tags,
NFC readers and NFC secure elements. NFC chips enable transactions and
data exchange without the need o pair the devices. NFC technology saves
time in payment processing as the transaction gets conducted through
radio frequency (RF); this is resulting in the increasing adoption of
NFC chips. NFC tags are capable of storing small amounts of information.
Customer satisfaction, easy communication and ease of use are some of
the factors expected to drive the NFC tags market. NFC readers are the
devices capable of reading data through the NFC-enabled devices when
tapped. Secure elements store applications which perform security
execution and authentication for access.
These products are finding applications in various areas such as payment
(transaction), ticketing, booking, data sharing, service, authentication
and access control, healthcare, and games and toys, among others.
Furthermore, NFC complements and enhances advanced smart card driven
applications such as payment, logistics & supply chain, public
transport, customer loyalty program, point of sale (POS), access
management and eGovernance. Number of new applications across various
industries such as healthcare, and gaming and services is also leading
to the growth of this market. NFC-based payment model is rapidly gaining
momentum as it is anticipated to replace currently used debit and credit
cards owing to better security features. Ease of use and improved
security features are some of the reasons for the increasing adoption of
NFC technology in newer application areas.
The global NFC market is categorized into the following segments:
Near Field Communication Market, by Product Type:
NFC Controller ICs (Chips)
NFC Secure Element
Near Field Communication Market, by Application:
Authentication and Access Control
Games and Toys
Others (smart advertising and NFC based location services)
4 Recent Developments
Identive Group, Inc.
NXP Semiconductors (News - Alert) N.V.
On Track Innovations (OTI) Ltd.
ST Microelectronics N.V.
Samsung Electronics Co. Ltd.
Toshiba (News - Alert) Corporation
For more information visit http://www.researchandmarkets.com/research/3mvdmb/near_field
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