What is the current Near Field Communication Market size?

The Near Field Communication Market is projected to register a CAGR of 17% during the forecast period (2024-2029) Read More

Who are the key players in Near Field Communication Market?

NXP Semiconductors, STmicroelectronics N.V., Texas Instruments Incorporated, Toshiba Electronic Devices & Storage Corporation and Infineon Technologies are the major companies operating in the Near Field Communication Market. Read More

Which is the fastest growing region in Near Field Communication Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Near Field Communication Market?

In 2024, the North America accounts for the largest market share in Near Field Communication Market. Read More

What years does this Near Field Communication Market cover?

The report covers the Near Field Communication Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Near Field Communication Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Near Field Communication Market Size & Share Analysis - Industry Research Report

Near Field Communication Industry Overview

The near field communication market is moderately competitive, and several global players, along with the local companies, are involved in this market. The companies are leveraging strategic collaborative initiatives to increase their market share and increase their profitability. With the growing innovation, it is expected that few small to mid-sized companies will also enter the market studied in the near future. Some of the recent developments in the market are:

June 2020 - NXP Semiconductors, Mastercard, and Xiaomi Inc. announced about bringing more convenient and secure contactless experiences to Russia as the first phase of a European-wide roll-out with NXP's mobile wallet solution. Powering mobile payments for Xiaomi's Mi Smart Band 4 NFC wearable devices, NXP's mWallet 2GO supports an accelerated roll-out across Europe by addressing OEMs' needs for easy, yet secure and scalable, wallet implementations.
April 2020 - Infineon Technologies AG completed the acquisition of Cypress Semiconductor Corporation. With this, the company can offer its customers the industry's most comprehensive portfolio to link the real with the digital world and shape digitalization, one of the most important global trends.