The NFC market

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NFC Market to Reach 50.1 Billion by 2032
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Global NFC Market 2025-2032
Meticulous Researcha leading global market
research company, published a research report
titled, NFC Market by Offering (Hardware
(Tags/Cards, Readers), Platform), Operating Mode
(Read/Write, Peer-to-peer, Card Emulation),
Application (Contactless Payment, Ticketing, Data
Transfer Sharing), End-use Industry, and
Geography - Global Forecast to 2032. The global
NFC market is projected to reach 50.1 billion by
2032, at a CAGR of 12.3 from 2025 to 2032. The
growth of this market is attributed to the rising
demand for contactless payments and the growing
integration of NFC technology in smartphones.
Furthermore, the surging adoption of NFC
technology in retail to improve consumer
experience and growing keyless entry applications
in homes and passenger vehicles are expected to
create significant opportunities for this
market. However, the limited range of operations
of NFC challenges this market growth. Also,
security issues in near field communication are
restraining the market growth. The integration of
NFC into wearable devices is a prominent trend in
the NFC market. The global NFC market is
segmented based on offering, operating mode,
application, and end-use industry. The study also
evaluates industry competitors and analyses the
regional and country-level markets. Based on
offering, the global NFC market is segmented into
hardware and platform. In 2025, the hardware
segment is expected to account for the larger
share of the global NFC market. The large market
share of this segment is attributed to the
growing adoption of NFC cards in the hospitality
sector and the rising focus of key players on
product development and enhancement to enable
keyless entry. For instance, in February 2025,
Toppan Inc. (Japan), the global leader in
communication, security, packaging, and
electronics solutions, developed an eco-friendly
near-field communication (NFC) tag label that
uses paper material as the substrate for the
antenna instead of PET film. This segment is also
projected to record the highest CAGR during the
forecast period. Based on operating mode, the
global NFC market is segmented into read/write
mode, peer-to-peer mode, card emulation mode, and
charging mode. In 2025, the card emulation mode
segment is expected to account for the largest
share of the global NFC market. The large market
share of this segment is attributed to the
benefits of card emulation mode, such as
security, compatibility, and reliability.
Furthermore, the card emulation mode allows a
device, such as a smartphone, to emulate a
contactless card and connect to an existing
framework. This segment is also projected to
record the highest CAGR during the forecast
period. Based on application, the global NFC
market is segmented into contactless payment,
data transfer sharing, access control
authentication, ticketing, asset tracking, and
other applications. In 2025, the contactless
payment segment is expected to account for the
largest share of the NFC market. The large market
share of this segment is attributed to the
increasing demand for fast and secure
transactions, the integration of NFC in
smartphones to facilitate contactless payment,
and the growing focus of companies on product
advancements in payment technologies. Additionall
y, the growing focus of organizations on
partnerships to increase the adoption of
contactless payment is contributing to the market
growth. For instance, in November 2022, RCH
S.p.A. (Italy), a cash register provider,
partnered with dejamobile (France), a digital
payments technology provider, and Market Pay
(French), an international payments platform, to
provide customers with the ability to accept
contactless payments on Android NFC devices.
However, the access control authentication
segment is projected to record the highest CAGR
during the forecast period. Based on end-use
industry, the global NFC market is segmented into
retail, BFSI, healthcare, automotive,
hospitality, consumer, electronics,
transportation, residential commercial,
manufacturing, and other end-use industries. In
2025, the retail segment is expected to account
for the largest share of the NFC market. The
large market share of this segment is attributed
to the increasing penetration of digital payments
in retail, the growing use of technology for
product identification, and the increasing need to
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Global NFC Market 2025-2032

• reduce counterfeiting. However, the BFSI segment
  is projected to record the highest CAGR during
  the forecast period.
• Based on geography, the global NFC market is
  segmented into North America, Europe,
  Asia-Pacific, Latin America, and Middle East
  Africa. In 2025, Asia Pacific is expected to
  account for the largest share of the NFC market.
  The region's large share is attributed to the
  increasing penetration of digital payments in the
  region, the presence of large hospitality
  organizations such as Marriott International,
  Inc. (U.S.), Jin Jiang International (Holdings)
  Co., Ltd. (China), Banyan Tree Holdings Limited
  (Singapore), and Mandarin Oriental Hotel Group
  Limited (Hong Kong). Asia-Pacific is also
  projected to record the highest CAGR during the
  forecast period.
• Key Players
• The key players profiled in the global NFC market
  study are NXP Semiconductors N.V. ( Netherlands),
  Broadcom Corporation (U.S.), Renesas Electronics
  Corporation (Japan), STMicroelectronics N.V.
  (Switzerland), Infineon Technologies AG
  (Germany), Identiv, Inc. (U.S.), ams-OSRAM AG
  (Austria), Intel Corporation (U.S.), Texas
  Instruments Incorporated (U.S.), Samsung
  Electronics Co., Ltd. (South Korea), Sony
  Corporation (Japan), Avery Dennison Corporation
  (U.S.), MagTek Inc. (U.S.), Identis (India), HID
  Global Corporation(a subsidiary of ASSAABLOY AB)
  (U.S.).
• Download Sample Report Here _at_
  https//www.meticulousresearch.com/download-sample
  - report/cp_id5589
• Key Questions Answered in the Report
• Which are the high-growth market segments in
  offering, operating mode, application, end-use
  industry, and geography?
• What are the historical market sizes for NFC
  across the globe?
• What are the market forecasts and estimates for
  20252032?
• What are the major drivers, opportunities, and
  challenges in the global NFC market?
• Who are the major players in the market, and what
  are their market shares?
• How is the competitive landscape for the global
  NFC market?
• What are the recent developments in the global
  NFC market?

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