The global non-auxiliary near field communication (NFC) products market is estimated to grow at a significant CAGR during the forecast period. Internal NFC-enabled accessories, such as NFC IC/Chips built for smartphones to perform contactless payments, access control, and secure data sharing with other NFC devices, are known as non-auxiliary NFC products. Near field communication is based on a wireless interface that allows all communication devices and electronic gadgets to communicate with one another by establishing radio connectivity when they are nearby. This technology is mostly used for short-range data transmission on smartphones, computers, and tablets.
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An NFC chip is developed from radio frequency identification (RFID) technology, works as one component of a wireless link. When activated by another chip, tiny quantities of data may be transmitted between the two devices when they are kept a few centimeters away. It doesn’t require a pairing code to connect, and it’s considerably more power-efficient than other wireless communication types as it uses chips that run on extremely low power. NFC works with the use of enabled cards and devices (and, by extension, bank accounts, and other personal information) to identify personal information.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Non-Auxiliary NFC Products Market Segmentation
By Type
o NFC ICS & Antennas
o NFC Tags
o NFC Readers
By Application
o Retail
o Transportation
o Automotive
o Residential & Commercial
o Medical & Healthcare
o Consumer Electronics
o Banking & Finance
o Others
Global Non-Auxiliary NFC Products Market is Segmented by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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