The
global market for NFC, in terms of revenue, was valued at USD 1.07
billion in 2012 and is estimated to grow at a CAGR of 43.7% during
the forecast period from 2013 to 2019. The growing adoption of NFC
technology in smartphones emerged as the most significant growth
driver for NFC market. In 2012, North America was the largest market
for NFC which held a share of around 32% in terms of revenue owing to
the significant demand for contactless payments and early
implementation of technology.
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Among
all the product types, NFC reader was the largest segment in terms of
revenue in 2012 and accounted for around 46% share of the total
market, majorly owing to higher selling prices. Growing adoption of
NFC technology would also increase the demand for NFC readers during
the coming years. NFC tags are finding significant demand in newer
applications such as NFC marketing, games and toys, and healthcare
among others and this is expected to drive the growth of NFC tags
during the coming years.
Contactless
transactions using NFC-enabled devices were the largest application
for NFC in 2012, holding a share of around 22% of the total market.
Authentication and access control using NFC is fast gaining market
traction owing to improved security features. Low awareness among
people towards the benefits and concerns regarding security and
privacy related with the use of NFC technology has been a challenge
for the growth of this market. However, users are increasingly
confident with the use of contactless payments and this would lead to
further rise in demand for NFC technology. The major challenge for
NFC contactless payments during the coming years would be low level
of co-ordination among various participants in the value chain such
as banks/credit card companies and payment service providers and
network operators.
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In
2012, NXP Semiconductors N.V. and STMicroelectronics N.V. emerged as
the leading players for NFC controller ICs and secure elements. Other
key players in the market include Broadcom, Inc., DeviceFidelity,
Inc., Gemalto N.V., Visa, Inc., Samsung Electronics Co. Ltd., Toshiba
Corporation, Identive Group, Inc., On Track Innovations (OTI) Ltd.
and Infineon Technologies, among others. The market has been
segmented as follows:
Near
Field Communication Market, by Product Type
NFC
controller ICs (chips)
NFC
tags
NFC
readers
NFC
secure elements
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Near
Field Communication Market, by Application
Payment
(transaction)
Ticketing
Booking
Data
sharing
Service
Authentication
and access control
Medical
Games
and toys
Others
(smart advertising, NFC based navigation)
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All Articles:
http://www.transparencymarketresearch.com/articles.htm
Near
Field Communication Market, by Geography
North
America
Europe
Asia
Pacific
Rest
of the World
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