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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Mobile commerce is an emerging technology sector. NFC technology is being used by smartphone users to make payments. Furthermore, with technologies such as NFC-enabled PoS systems, mobile devices have become a significant means of data transfer. Several financial institutions are working with mobile app developers to create apps that will allow users to conduct business transactions. Despite severe space and power restrictions, smart wearables and IoT devices are growing in popularity. When a wearable device has NFC capabilities, it may be used to allow the device to pay in a store, access mass transit, or office building. The rise of non-auxiliary NFC products has been driven by the increased usage of NFC in smartphones.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- 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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