NFC Product Market Report 2025 (Global Edition)

Global NFC Product Market Report 2025 Market Size Split by Device Operating Mode (Reader Emulation, Peer-To-Peer, Card Emulation), by Application (Retail, Transportation, Automotive, Residential & Com...

NFC Product Market Report Description

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Competitive Landscape of the NFC Product Market

Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge reagents, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.

NFC Product Industry News

In December 2023, Becton, Dickinson, and Company partnered with the U.S. Department of Health and Human Services (HHS) to decarbonize operations and enhance resilience in the face of climate change. 

(Source: https://news.bd.com/2023-12-20-BD-Signs-White-House-U-S-Department-of-Health-and-Human-Services-Pledge-to-Reduce-Greenhouse-Gas-Emissions)

In May 2021, Promega Corp. launched XpressAmp Direct Amplification Reagents, designed for extraction-free preparation of viral samples for PCR-based amplification. The product includes components that facilitate the utilization of commonly available PCR reagents with samples collected via nasopharyngeal swabs in either a universal or viral transport medium.

 

(Source: https://news.bd.com/2023-12-20-BD-Signs-White-House-U-S-Department-of-Health-and-Human-Services-Pledge-to-Reduce-Greenhouse-Gas-Emissions)

Top Companies Market Share in NFC Product Industry: (In no particular order of Rank)

• NXP Semiconductors N.V. (Netherlands)
• Broadcom Corporation (U.S.)
• Renesas Electronics Corporation (Japan)
• STMicroelectronics N.V. (Switzerland)
• Infineon Technologies AG (Germany)
• Identiv
• Inc. (U.S.)
• ams-OSRAM AG (Austria)
• Intel Corporation (U.S.)
• Texas Instruments Incorporated (U.S.)
• Samsung Electronics Co.
• Ltd. (South Korea)
• Sony Corporation (Japan)
• Avery Dennison Corporation (U.S.)
• MagTek Inc. (U.S.)
• Identity (India)
• HID Global Corporation(a subsidiary of ASSAABLOY AB) (U.S.)
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the NFC Product Market

Which Region will dominate the NFC Product Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. Together with the widespread use of near-field communication (NFC) technologies in banking, finance, retail, and healthcare, it is projected that the near-field communication market will expand quickly throughout North America, especially in the United States and Canada. Due to its several significant rivals, the expected widespread adoption of near-field communication (NFC) technology, and its continued growth, North America is expected to continue to dominate the industry. With a 25 mm diameter, Identiv's near-field communication (NFC) IC NTAG 210 from NXP is utilized. This product is now offered at a reduced cost.

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific region is witnessing an increase in the NFC. The region's high share is explained by the growing adoption of digital payments in the area and the existence of significant hospitality companies like Mandarin Oriental Hotel Group Limited (Hong Kong), Marriott International, Inc. (U.S.), Jin Jiang International (Holdings) Co., Ltd. (China), and Banyan Tree Holdings Limited (Singapore).

The current report Scope analyzes NFC Product Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America NFC Product Market

According to Cognitive Market Research, the global NFC Product market size was estimated at USD 18154.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 7261.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.3% from 2024 to 2031. In North America, NFC product sales dominate. North American governments are using NFC technology more and more for a range of purposes, such as access control, identity systems, and public transportation ticketing. This is fostering an atmosphere that is favorable to the NFC market's expansion. The non-auxiliary products in North America are intricately tied to the expanding NFC product market. Non-Auxiliary NFC Products are made up of inbuilt NFC-capable parts that are mainly found in smartphones and other gadgets, integrated circuits, and antennae that are part of the actual device, allowing data sharing, access control, and contactless payment.

Country Analysis

• According to Cognitive Market Research, the U.S. had a major share in the NFC products market with a market size of USD 5729.47 million in 2024 and is projected to grow at a CAGR of 13.1% during the forecast period. The U.S. market for NFC-enabled smartphones and other devices is being driven by the growing number of consumers utilizing mobile wallets for contactless payments. 
• The Canada NFC products market had a market share of USD 871.40 million in 2024 and is projected to grow at a CAGR of 14.1% during the forecast period. Because contactless payment systems are safe and convenient, more and more Canadians are using them. 
• The Mexico NFC products market is projected to witness growth at a CAGR of 13.8% during the forecast period with a market size of USD 660.81 million in 2024.

Europe NFC Product Market

According to Cognitive Market Research, with a market value of USD 18154.2 million in 2024, it is projected to expand at a compound annual growth rate (CAGR) of 15.10% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 5446.26 million. Europe is a force. The market share of these regions is being enhanced by an increase in the use of payment gateways, an increase in the number of reader terminals in retail establishments, and a sharp increase in the uptake of NFC-enabled credit and debit cards. Enhanced non-auxiliary products play a pivotal role. NFC tags: Integrated circuits that allow devices to communicate with other NFC devices, such as integrated circuits found in smartphones and other gadgets. NFC readers: Devices that can read data from NFC tags; small, passive devices that store data that NFC readers can read.

• The United Kingdom NFC products market had a market share of USD 914.97 million in 2024 and is projected to grow at a CAGR of 14.4% during the forecast period. The "Faster Payments Scheme" is one of the programs the U.K. government has launched to encourage the use of contactless payments. This supports the idea that payment cards and gadgets should be the dominant market. 
• The France NFC products market is projected to witness growth at a CAGR of 12.8% during the forecast period with a market size of USD 501.06 million in 2024.
• According to Cognitive Market Research, the Germany NFC products market size was valued at USD 1078.36 million in 2024 and is projected to grow at a CAGR of 13.8% during the forecast period. Germany has a strong smartphone penetration rate, which contributes to the expansion of the NFC market.
• The Italy NFC products market is projected to witness growth at a CAGR of 13.0% during the forecast period with a market size of USD 468.38 million in 2024.
• The Russia NFC products market is projected to witness growth at a CAGR of 12.6% during the forecast period with a market size of USD 844.17 million in 2024.
• The Spain NFC products market is projected to witness growth at a CAGR of 12.7% during the forecast period with a market size of USD 446.59 million in 2024.
• The Luxembourg NFC products market is projected to witness growth at a CAGR of 13.7% during the forecast period with a market size of USD 168.83 million in 2024.
• The Portugal NFC products market is projected to witness growth at a CAGR of 13.4% during the forecast period with a market size of USD 114.37 million in 2024.
• The Greece NFC products market is projected to witness growth at a CAGR of 13.9% during the forecast period with a market size of USD 65.36 million in 2024.
• The rest of Europe NFC products market is projected to witness growth at a CAGR of 12.3% during the forecast period, with a market size of USD 844.17 million in 2024.

Asia Pacific NFC Product Market

According to Cognitive Market Research, the global NFC product market size was estimated at USD 18154.2 million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 4175.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.1% from 2024 to 2031. The Asia Pacific region is experiencing growth. APAC is expected to have the highest share of the NFC market in the following year since it has some of the world's fastest-growing and most advanced industrialized economies. It is undergoing dynamic developments in the adoption of new technologies and advancements by organizations across industries. Furthermore, the mobile payments market is expanding rapidly in APAC countries such as South Korea, China, Japan, and India. The rising demand for NFC products in the Asia Pacific finds a pivotal ally in the growing preference for non-auxiliary products. This is due to a variety of causes, including a big and growing population, increased use of contactless technology, and an increasing number of smart city programs.

• According to Cognitive Market Research, the China NFC products market size was valued at USD 1878.96 million in 2024 and is projected to grow at a CAGR of 16.6% during the forecast period. The Chinese government actively promotes the use of NFC technology through a variety of programs, including the development of smart cities and the implementation of e-government services.
• The Japan NFC products market is projected to witness growth at a CAGR of 15.6% during the forecast period with a market size of USD 576.21 million in 2024.
• The India NFC products market had a market share of USD 501.06 million in 2024 and is projected to grow at a CAGR of 18.9% during the forecast period. One of the most important drivers of the NFC market in India is the growing popularity of mobile payments. 
• The South Korea NFC products market is projected to witness growth at a CAGR of 16.2% during the forecast period with a market size of USD 417.55 million in 2024.
• The Australia NFC products market is projected to witness growth at a CAGR of 16.8% during the forecast period with a market size of USD 217.12 million in 2024.
• The South East Asia NFC products market is projected to witness growth at a CAGR of 18.1% during the forecast period with a market size of USD 288.11 million in 2024.
• The Rest of the Asia Pacific NFC products market is projected to witness growth at a CAGR of 16.9% during the forecast period with a market size of USD 296.46 million in 2024.

South America NFC Product Market

According to Cognitive Market Research, the global NFC products market size was estimated at USD 18154.2 million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 907.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.5% from 2024 to 2031. NFC product sales in Latin America are experiencing growth due to its early phases of development, but there is substantial room for expansion. As smartphone penetration grows and customers become more aware of the benefits of NFC technology, demand for NFC products is projected to climb—advancements in non-auxiliary products fuelling sales. Non-auxiliary NFC products are those that are required for core NFC operation, omitting supplemental things like NFC SIM cards or covers.

• According to Cognitive Market Research, the Brazil NFC products market size was valued at USD 388.50 million in 2024 and is projected to grow at a CAGR of 15.1% during the forecast period. The growing popularity of contactless payments, which provide ease and security, is a primary driver of the NFC market in Brazil. 
• The Argentina NFC products market had a market share of USD 152.50 million in 2024 and is projected to grow at a CAGR of 15.4% during the forecast period. The number of NFC-enabled cell phones in Argentina is steadily increasing. 
• The Colombia NFC products market is projected to witness growth at a CAGR of 14.3% during the forecast period with a market size of USD 80.79 million in 2024.
• The Peru NFC products market is projected to witness growth at a CAGR of 14.7% during the forecast period with a market size of USD 74.43 million in 2024.
• The Chile NFC products market is projected to witness growth at a CAGR of 14.8% during the forecast period with a market size of USD 65.36 million in 2024.
• The Rest of Latin America NFC products market is projected to witness growth at a CAGR of 13.6% during the forecast period, with a market size of USD 146.14 million in 2024.

Middle East NFC Product Market

According to Cognitive Market Research, the global NFC product market size was estimated at USD 18154.2 million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 363.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.8% from 2024 to 2031. MEA experiences an upswing in NFC product sales driven. The Middle East and Africa are rapidly urbanizing, resulting in an increased demand for smart city solutions. NFC can be used to build a wide range of smart city applications, including access control, ticketing, and parking management. The non-auxiliary NFC product market in the Middle East and Africa is predicted to expand rapidly in the next years. The market is still in its early phases of development. Still, there is a lot of potential for growth, driven by a number of factors, such as increased government support and greater knowledge of the benefits of NFC technology.

• According to Cognitive Market Research, the GCC countries NFC products market size was valued at USD 155.40 million in 2024 and is projected to grow at a CAGR of 15.6% during the forecast period. This is attributed to the growing popularity of mobile payments and other NFC-based apps.
• The Egypt NFC products market is projected to witness growth at a CAGR of 15.1% during the forecast period with a market size of USD 38.12 million in 2024.
• The South Africa NFC products market is projected to witness growth at a CAGR of 15.8% during the forecast period with a market size of USD 57.37 million in 2024. The fintech sector in South Africa is quickly expanding, generating new prospects for the usage of NFC technology.
• The Turkey NFC products market is projected to witness growth at a CAGR of 14.3% during the forecast period with a market size of USD 31.23 million in 2024.
• The Nigeria NFC products market is projected to witness growth at a CAGR of 13.9% during the forecast period with a market size of USD 38.12 million in 2024.
• The Rest of the MEA NFC products market is projected to witness growth at a CAGR of 13.8% during the forecast period, with a market size of USD 42.84 million in 2024.

NFC Product Market Analysis

NFC Product Market Device Operating Mode Segment Analysis

According to Cognitive Market Research, reader emulation held the major market share over the forecast period. Since most retail and mobile phone apps use NFC chips in reader emulation mode, reader emulation is expected to see the highest CAGR during the projection period. Due to the strong demand coming from payments, NFC-based mobile wallets, such as Google Pay, Samsung Pay, Apple Pay, and Android Pay, are widely used and are predicted to grow at the fastest rate in the upcoming years.

Card emulation is the fastest-growing category over the forecast period. One of the most widely used NFC applications is card emulation, which lets users use their smartphones or other devices to access transit systems, conduct contactless payments, and more.

• Reader Emulation
• Peer-To-Peer
• Card Emulation

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of NFC Product Industry. Request a Free Sample PDF!

NFC Product Market Application Segment Analysis

According to Cognitive Market Research, retail holds a prominent market share. This is because contactless payments, which use NFC technology to let customers pay for goods and services with a tap of their smartphone or other device, are becoming more and more common.

Automotive is the fastest-growing category over the forecast period. Numerous reasons are propelling this market's expansion, such as the growing popularity of car sharing and rental services, the expanding use of connected automobiles, and the growing need for convenience and security.

Retail

• Access Control
• Product Identification
• Transaction

Transportation

• Ticketing
• Access Control

Automotive

• Low-end 
• Mid-range 
• High-end

Residential & Commercial

• Physical Access
• Time & Attendance
• Automated Locking System
• Smart Lighting

Medical & Healthcare

• Medical Devices
• Access Control

Consumer Electronics

• Wearable Devices
• Mobile Phones/Tablets
• Laptops/Personal Computers
• Cameras
• Printers
• Gaming Devices
• Others

Banking & Finance

• E-Money Services (POS Machines)
• Multiforex Cards

Hospitality

• Access Control
• Transaction

Others

• Education
• Government

The above Graph is for representation purposes only. This chart does not depict actual Market share.

NFC Product Offering Segment Analysis

According to Cognitive Market Research, non-auxiliary products hold a prominent market share. Non-auxiliary NFC items are internal NFC-enabled accessories, such as NFC ICs/Chips made for smartphones that allow access control, secure pairing with other NFC devices for data transfer, and contactless payment capabilities. 

Software is the fastest-growing category over the forecast period. More and more gadgets, including wearables, infotainment systems, routers, and more, are integrating NFC functionality. This integration drives demand for software. Furthermore, as the market grows, new and creative software applications that make use of NFC technology are appearing.

Non-auxiliary Products

• NFC ICS & Antennas
• NFC Tags
• NFC Readers

Auxiliary Products

• NFC Micro Sd Cards
• NFC SIM /UICC Cards
• NFC Covers

Software

• Non-auxiliary Products
• Auxiliary Products
• Software

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

Author's Conclusion