DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/flnvp6/near_field) has announced the addition of the "Near Field Communication (NFC) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" report to their offering.
The global NFC market was valued at USD 1.06 Billion in 2012 and is expected to grow at a CAGR of 43.7% during the forecast period.
Around 7 million NFC readers were shipped in 2012 and the shipments are expected to experience continued growth over the coming years. More number of readers would be needed as the demand for NFC-enabled devices and applications grow and this is expected to drive the growth of NFC readers market over the coming years.
In 2012, North America was the largest market for NFC in terms of revenue. The region has experienced significant adoption of contactless payments. This is attributed to high market penetration of smartphones in the region and pre-existence of significant infrastructure to enable contactless payments. Asia Pacific is expected to be the fastest growing region owing to high adoption rates for NFC in countries such as China, Japan, South Korea and Australia. In 2012, NXP Semiconductors N.V. was the market leader for NFC controller ICs and NFC secure elements in terms of revenue.
The global NFC market is fragmented with numerous leading players including Broadcom, Inc., DeviceFidelity, Inc., Gemalto N.V., Visa, Inc., Toshiba Corporation, STMicroelectronics N.V., Samsung Electronics Co. Ltd., NXP Semiconductors, Identive Group, Inc., On Track Innovations (OTI) Ltd. and Infineon Technologies among others.
The global NFC market is categorized into the following segments:
Near Field Communication Market, by Product Type:
- NFC Controller ICs (Chips)
- NFC Tags
- NFC Readers
- NFC Secure Element
Near Field Communication Market, by Application:
- Payment
- Ticketing
- Booking
- Data Sharing
- Service
- Authentication and Access Control
- Healthcare
- Games and Toys
- Others (smart advertising and NFC based location services)
For more information visit http://www.researchandmarkets.com/research/flnvp6/near_field
