Lucintel Blog: Lucintel Forecasts Near Field Communication Market to Grow at a CAGR of 17%

Friday, March 4, 2022

Lucintel Forecasts Near Field Communication Market to Grow at a CAGR of 17%

According to the recent study the near field communication market is projected to grow at a CAGR of 17% from 2019 to 2024. Growth in this market is primarily driven by the decreasing prices of NFC chips, adoption of mobile commerce, increasing volume of cashless transactions, and growing adoption of smart appliances.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in near field communication market by technology (passive infrared, ultrasound, duel, and others), connectivity (wired and wireless), end use industry (residential building and commercial building), and region (North America, Europe, Asia Pacific (APAC), and Rest of the World (ROW)).

Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/near-field-communication-market.aspx

“Peer-to peer market is expected to remain the largest segment during the forecast period.”

Based on operating mode, the near field communication market is segmented into card emulation, reader emulation, and peer-to-peer. Lucintel forecasts that the peer-to-peer market is expected to remain the largest segment.

“Within the near field communication market, the retail segment is expected to remain the largest end use industry.”

Based on end use industry, the retail segment is expected to witness the largest coating over the forecast period for near field communication market.

“Asia pacific will dominate the near field communication market in near future.”

Asia Pacific is expected to be the largest region over the forecast period.

Download Brochure of this report by clicking on https://www.lucintel.com/press/near-field-communication-market.aspx

Major players of near field communication market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. NXP Semiconductors, Broadcom, STMicroelectronics, MediaTek, Renesas Electronics, Gemalto, and Texas Instruments are among the major near field communication providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/press/near-field-communication-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

Related reports

Semiconductor Market:

For more details click here https://www.lucintel.com/semiconductor-market.aspx

Fire Suppression Market:

For more details click here https://www.lucintel.com/fire-suppression-market.aspx

Mobile Health and Fitness Sensor Market:

For more details click here https://www.lucintel.com/mobile-health-and-fitness-sensor-market.aspx

High Purity Quartz Market:

For more details click here https://www.lucintel.com/high-purity-quartz-market.aspx

Bluetooth Low Energy IC Market:

For more details click here https://www.lucintel.com/bluetooth-low-energy-ic-market.aspx