Near Field Communication Market Report 2025

This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The near field communication market size has grown rapidly in recent years. It will grow from $30.47 billion in 2024 to $34.64 billion in 2025 at a compound annual growth rate (CAGR) of 13.7%. The growth in the historic period can be attributed to mobile device integration, contactless payment adoption, transportation ticketing solutions, smart access and security systems, marketing and advertising applications.

The near field communication market size is expected to see rapid growth in the next few years. It will grow to $59.06 billion in 2029 at a compound annual growth rate (CAGR) of 14.3%. The growth in the forecast period can be attributed to collaborative efforts in standards development, growth in retail and loyalty programs, security and access control innovations, healthcare records and wearable integration, expansion in transport and ticketing solutions. Major trends in the forecast period include biometric authentication integration, focus on smart packaging solutions, expansion in smart home applications, rise in health and wellness tracking, integration with public services.

The growing adoption of smartphones is expected to boost the near-field communication (NFC) market in the coming years. Smartphone adoption refers to the extent to which individuals acquire and use smartphones, representing the percentage of the population or specific groups that own and regularly utilize smartphones as their main mobile communication and computing devices. NFC technology is a short-range wireless communication method that enables nearby devices to interact. In smartphones, NFC is utilized for various functions, including mobile payments, sharing digital content, and connecting electronic devices. For example, in May 2024, BankMyCell, a New York-based company that offers competitive transaction prices, reported that there are 4.88 billion smartphone users worldwide, constituting 60.42% of the global population, reflecting a 14.9% increase from the previous year. Additionally, the total number of active smartphones is around 7.21 billion, as many users own multiple devices, up from 4.25 billion users in 2023. Thus, the rise in smartphone adoption is driving the growth of the near-field communication market.

The growing adoption of the Internet of Things (IoT) is poised to contribute to the expansion of the near-field communication market. IoT involves interconnected physical objects or devices exchanging data over the Internet, enhancing autonomous communication and task performance. NFC facilitates seamless device setup and data exchange within the IoT, offering quick and secure connectivity by simply tapping devices together. According to a report by Ericsson in September 2022, global IoT connections reached 13.2 billion in 2022 and are projected to increase by 18% to 34.7 billion connections by 2028. This surge in IoT adoption is a driving force behind the growth of the near-field communication market.

Key players in the near-field communication (NFC) market are focused on developing innovative products, such as the NAC1080, to offer a cost-effective and user-friendly platform for creating smart actuators. The NAC1080 is a single-chip solution that integrates an H-bridge, energy harvesting module, NFC frontend, sensing unit, and motor driver, making it a highly versatile platform for smart actuator development. For example, in July 2022, Infineon Technologies AG, a semiconductor manufacturer based in Germany, launched the NAC1080, a programmable 32-bit ARM Cortex-M0 microcontroller featuring an embedded NFC frontend. This allows for the economical production of smart actuators, such as passive locks. The NAC1080 is designed to be a flexible and accessible framework for building smart actuators and incorporates numerous security features, including a true random number generator, a secure section in flash memory, and a 128-bit AES accelerator. Additionally, it utilizes NFC technology, which enables data exchange between two devices in close proximity.

In June 2023, Renesas Electronics Corporation, a semiconductor manufacturing company based in Japan, executed the acquisition of Panthronics AG. This acquisition underscores Renesas' commitment to fortifying its presence in the NFC market. Panthronics AG, headquartered in Austria, specializes as a fabless semiconductor company, focusing on providing smart chipsets designed for near-field communication (NFC) technology. The acquisition is expected to contribute to Renesas' capabilities in meeting the rising demand for NFC solutions, reaffirming its commitment to innovation and market leadership in this evolving technological landscape.

Major companies operating in the near field communication market report are Google LLC, Samsung Electronics Corporation, Microsoft Corporation, At and T Inc., Verizon Communications Inc., Sony Group Corporation, T-Mobile US Inc., Qualcomm Technologies Inc., Toshiba Electronic Devices and Storage Corporation, Broadcom, Nokia Corporation, Royal Philips Electronics, Texas Instruments Incorporated, Thales Group, MediaTek Inc., Infineon Technologies, STmicroelectronics N.V., NXP Semiconductors N.V., Renesas Electronics Corporation, Avery Dennison, Motorola Solutions Inc., Omron Healthcare, Ams-OSRAM AG, HID Global, A and D Company Limited, Impak Health Nedap, Identive Group, MagTek Inc., Gentag Inc.

North America was the largest region in the near field communication market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the near field communication market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the near field communication market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The near-field communication (NFC) market consists of revenues earned by entities by providing services such as contactless ticketing, access control, information sharing, data exchange, credit card authentication, and smart home integration. The market value includes the value of related goods sold by the service provider or included within the service offering. The near-field communication market consists of sales of near-field communication readers, smartphones and tablets, smart cards, healthcare devices, NFC microSD cards, NFC covers, and IoT devices. Values in this market are "factory gate" values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Near-field communication (NFC) is a short-range wireless communication technology that enables data exchange between devices when they are brought into close proximity, typically within a few centimeters. It is widely utilized for various applications and purposes owing to its versatility, simplicity, and security features.

The main types of near-field communication are non-auxiliary and auxiliary. Non-auxiliary methods or tools are considered primary and essential, not secondary or supportive. These methods operate based on read and write mode, peer-to-peer mode, and card emulation mode. Near-field communication finds application in various end-users, including cloud services, telecom services, and enterprises.

The near-field communication market research report is one of a series of new reports that provides near-field communication market statistics, including near-field communication industry global market size, regional shares, competitors with a near-field communication market share, detailed near-field communication market segments, market trends and opportunities, and any further data you may need to thrive in the near-field communication industry. This near-field communication market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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