Global Near Field Communications Tags Market, By Type (Single-Interface, Dual-Interface NFC chips), Operating Mode (Read/Write Mode, Peer-to-peer Mode, Card Emulation Mode End User (Retail, Transportation, Automotive, Residential and Commercial, Medical and Healthcare, Consumer Electronics, Banking and Finance, Hospitality, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Near Field Communications Tags Market
Near field communications tags market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of USD 17,513.14 million by 2028 and grow at a CAGR of 13.20% in the above-mentioned forecast period.
The near field communication (NFC) tags chip is basically a passive device, which is embedded in an antenna, it is powered by the magnetic field generated by the NFC reader and it has the ability to respond to the specific NFC instructions. The two types of NFC tags are single-interface and dual-interface NFC chips.
The factors such as need for convenient transfer and security of data and the proliferation of smartphone are expected to emerge as the significant factor accelerating the growth of Near field communications tags market. Additionally, the demand for improved customer experience and high adoption of NFC-based mobile wallets, such as Apple Pay, Samsung pay, Google pay and Android Pay, will further aggravate the growth of the near field communications tags market. However, the concerns regarding the security and its short operational range might hinder the evolution of technologies resulting as a growth restraint for the market.
The emergence of innovative and advanced consumer electronics such as NFC-enabled wearable technology is anticipated to generate lucrative opportunities for the near field communications tags market. The reduced consumer demand due to precautionary lockdowns and restrictions as a response to coronavirus outbreak will pose as a challenge for the near field communications tags market.
This near field communications tags market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on near field communications tags market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Near Field Communications Tags Market Scope and Market Size
The near field communications tags market is segmented on the basis of type, operating mode, and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the market is segmented into single-interface and dual-interface NFC chips.
- On the basis of operating mode, the near field communications tags market is segmented into read/write mode, peer-to-peer mode and card emulation mode.
- On the basis of end user, the market is segmented into retail, transportation, automotive, residential and commercial, medical and healthcare, consumer electronics, banking and finance, hospitality and others. The retail is sub-segmented into access control, product identification and transaction. The transportation is sub-segmented into ticketing and access control. The automotive is sub-segmented into low-end, mid-range and high-end. The residential and commercial is sub-segmented into physical access, time and attendance, automated locking system and smart lighting. The medical and healthcare is sub-segmented into medical devices and access control. The consumer electronics is sub-segmented into wearable devices, mobile phones/tablets, laptops/personal computers, cameras, printers, gaming devices and others. The banking and finance is sub-segmented into e-money services and multiforex cards. The hospitality is sub-segmented into access control and transaction. The others is sub-segmented into education and government.
Near Field Communications Tags Market Country Level Analysis
The near field communications tags market is analyzed and market size, volume information is provided by type, operating mode, and end user as referenced above.
The countries covered in the near field communications tags market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is projected to dominate the near field communications tags market during the forecast period owing to the high spending on advanced technologies and developed network architecture within these regions. Asia-Pacific, on the other hand, is expected to show a lucrative growth due to the increased adoption and awareness of NFC technology into transportation and retail industry.
The country section of the near field communications tags market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Near Field Communications Tags Market Share Analysis
The near field communications tags market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to near field communications tags market.
The major players covered in the near field communications tags market report are Broadcom, Identive. Inc, MagTek Inc, NXP Semiconductors, Qualcomm Technologies, Inc, Thales Group, Texas Instruments Incorporated,Telit, STMicroelectronics, Sony Corporation, SAMSUNG, Panasonic Corporation, Alpine Electronics Inc., Polaris. Inc., FeliCa Networks. Inc, 3M, AVERY DENNISON CORPORATION, CCL Industries, Lintec Corporation, Robert Bosch GmbH , Telefonaktiebolaget LM Ericsson among other domestic and global players. Market shre data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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