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Global NFC Systems Market 2017-2021

Global NFC Systems Market 2017-2021

About NFC Systems

NFC systems bring two devices in close proximity to enable peer-to-peer communication. End-users use this technology to transfer information from their devices to other NFC devices, such as smartphones and NFC tags. The system directly transfers data between phones or phones and POS devices. Many mobile phone operators are looking for ways to further develop this technology.

Technavio’s analysts forecast the global NFC systems market to grow at a CAGR of 13.43% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global NFC systems market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of NFC systems to various industries.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global NFC Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Broadcom
  • INSIDE SECURE
  • MediaTek
  • NXP Semiconductors
  • Renesas Electronics
  • Sony
Other prominent vendors
  • Qualcomm
  • Smartrac
  • STMicroelectronics
  • SanDisk
Market driver
  • Increasing awareness about NFC technology among merchants
  • For a full, detailed list, view our report
Market challenge
  • Growing demand for upgraded NFC POS terminals
  • For a full, detailed list, view our report
Market trend
  • Emergence of HCE
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global NFC Systems Market 2017-2021

Technavio recognizes the following companies as the key players in the global NFC systems market: Broadcom, INSIDE SECURE, MediaTek, NXP Semiconductors, Renesas Electronics, and Sony.

Other Prominent Vendors in the market are: Qualcomm, Smartrac, STMicroelectronics, and SanDisk.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is emergence of HCE. The emergence of host card emulation (HCE) is one of the latest trends in the market. HCE wearable devices and smartphones perform card emulation on NFC-enabled devices without depending on a secure element. If NFC system vendors reshape the value chain and the business model and introduce the use of HCE, the market will likely grow. Built-in security features, such as an iris scanner and fingerprint reader, are additional safety features for HCE.”

According to the report, one of the major drivers for this market is increasing awareness about NFC technology among merchants. The increasing awareness about NFC technology among merchants has resulted in the growing adoption of NFC systems, which is driving the growth of the global NFC systems market. NFC systems help merchants obtain operating cost benefits, such as reduced cash processing, and more effective consumer engagement. Apart from providing easy and quick transactions, merchants can employ NFC systems for loyalty programs, marketing, and providing information about products customers are likely to purchase. These benefits of NFC systems will likely lead to their high adoption among merchants, thus increasing the growth prospects of the market.

Further, the report states that one of the major factors hindering the growth of this market is growing demand for upgraded NFC POS terminals. In the last five to eight years, retailers have focused on cutting costs and enhancing operational efficiency. Retailers that are established in unprofitable locations tend to discontinue operations and sell their assets, which include NFC POS terminals. To cut costs and reduce the overall cost of ownership, other retailers operating in the same market or location, buy these NFC POS terminals. Buying used or refurbished devices reduces initial investments as these devices have a lifespan of three to four years. Several retailers upgrade their POS terminals by integrating them with NFC chips. The growing demand for used or upgraded NFC POS terminals is likely to reduce the profitability of vendors in the global NFC POS terminals market.



Companies Mentioned

Broadcom, INSIDE SECURE, MediaTek, NXP Semiconductors, Renesas Electronics, Sony, Qualcomm, Smartrac, STMicroelectronics, and SanDisk.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Global NFC systems market: Overview
    • Market size and forecast
      • Table Global NFC systems market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Global NFC systems market by product
      • Table Global NFC systems market by product 2016-2021 (% share)
    • Global NFC systems market by NFC readers
      • Table Global NFC systems market by NFC readers 2016-2021 ($ billions)
    • Global NFC systems market by NFC chips
      • Table Global NFC systems market by NFC chips 2016-2021 ($ billions)
    • Global NFC systems market by NFC tags
      • Table Global NFC systems market by NFC tags 2016-2021 ($ billions)
    • Global NFC systems market by others
      • Table Global NFC systems market by others 2016-2021 ($ billions)
  • Market segmentation by industry
    • Global NFC systems market by industry
      • Table Global NFC systems market by industry 2016-2021 (% share)
    • Global NFC systems market in retail industry
      • Table Global NFC systems market in retail industry 2016-2021 ($ billions)
    • Global NFC systems market in automotive industry
      • Table Global NFC systems market in automotive industry 2016-2021 ($ billions)
    • Global NFC systems market in transportation industry
      • Table Global NFC systems market in transportation industry 2016-2021 ($ billions)
    • Global NFC systems market in other industries
      • Table Global NFC systems market in other industries 2016-2021 ($ billions)
  • Geographical segmentation
    • Global NFC systems market by geography
      • Table Global NFC systems market by geography 2016-2021 (% share)
    • NFC systems market in Americas
      • Table NFC systems market in Americas 2016-2021 ($ billions)
    • NFC systems market in EMEA
      • Table NFC systems market in EMEA 2016-2021 ($ billions)
    • NFC systems market in APAC
      • Table NFC systems market in APAC 2016-2021 ($ billions)
  • Key leading countries
    • Table Key leading countries 2016
    • NFC systems market in US
      • Table NFC systems market in US 2016-2021 ($ billions)
    • NFC systems market in UK
      • Table NFC systems market in UK 2016-2021 ($ billions)
    • NFC systems market in China
      • Table NFC systems market in China 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Emergence of HCE
    • Rising adoption of NFC technology in APAC and Africa
    • Growing penetration of NFC-enabled handsets
    • Increased awareness about mobile wallets
  • Vendor landscape
    • Competitive scenario
      • Table Global NFC systems market by vendor 2016 (% share)
    • Key vendors
      • Table Broadcom: Business segmentation 2016
      • Table INSIDE SECURE: Business segmentation 2016
      • Table MediaTek: Business segmentation 2016
      • Table NXP Semiconductors: Business segmentation 2016
      • Table Renesas Electronics: Business segmentation 2016
      • Table Business segmentation by revenue 2016 (% share)
      • Table Geographical segmentation by revenue 2016 (% share)
      • Table Recent developments
    • Other prominent vendors
      • Table Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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