Near Field Communication (NFC) India Market is expected to grow at a CAGR of 14.5% during the forecast period. Near Field Communication (NFC) India Market is expected to reach US$ 49.55 Bn. by2029.
Near Field Communication (NFC) India Market Overview:
The primary goal of this research is to assist the user in understanding the Near Field Communication (NFC) India Market in terms of definition, segmentation, market potential, significant trends, and the problems that the Near Field Communication (NFC) India industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
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Near Field Communication (NFC) India Market Scope:
The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
Near Field Communication (NFC) India Market Segmentation:
The operating mode, goods and software, and end-user industry segments of the Near Field Communication (NFC) India Market can be distinguished. The retail sector currently controls the largest portion of the NFC India market; the apparent causes of this include the rise in non-cash transactions, the use of electronic shelf labels, and PoS terminals that support NFC technology. Because demand for in-car entertainment systems and touch-free controls is driving the NFC India market in the industry, the automotive sector is anticipated to develop at the greatest CAGR during the forecast period. Major automakers are putting more focus on including extra features in their vehicles to give their consumers more safety and control options.
The Near Field Communication (NFC) India Market in 2017 was dominated by the peer-to-peer operating mode, which permits two-way communication between two NFC-enabled devices. This modality is anticipated to expand at a CAGR of XX% throughout the forecast period because to the rise of NFC mobile phones. When compared to other items, the market for non-auxiliary products—those integrated into the device to enable NFC communication—is larger. The main driver of the largest market size for non-auxiliary items is the concentration of the major consumer electronics companies on integrating NFC functionality into their products.
Near Field Communication (NFC) India Market Size and Forecast, by Operating modes (2022-2029)
1. Card emulation
2. Reader emulation
3. Peer-to-peer mode
Near Field Communication (NFC) India Market Size and Forecast, by Products & Software (2022-2029)
1. Auxiliary products
2. Non-auxiliary products
3. NFC Software
Near Field Communication (NFC) India Market Size and Forecast, by End-user Industry (2022-2029)
3. Retail
3. Transportation
3. Automotive
4. residential & commercial
5. medical & healthcare
6. consumer electronics
7. others
Near Field Communication (NFC) India Market Size and Forecast, by Region (2022-2029)
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. South America
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Near Field Communication (NFC) India Market Key Players: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the Near Field Communication (NFC) India market are
1. NXP Semiconductors
2. Sony Corporation
3. NEC
4. YELDI Softcom
5. aTuch
6. Tagtul
7. Nokia Corporation
8. Identive Group Inc.
9. Gemalto NV
10.Broadcom
11.Renesas
12.AT & T Inc.
13.Barclays
14.Google Inc.
15.Infineon Technologies AG.
16.Marvell Technology Group Ltd.
17.AMS AG
18.Mstar Semiconductor Inc.
19.MediaTek Inc.
20.STMicroelectronics
21.Qualcomm Inc.
22.Texas Instruments Inc.
23.Broadcom Corp.
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Regional Analysis:
The report focuses on Global Regions and Market Size of Near Field Communication (NFC) India, and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.
COVID-19 Impact Analysis on Near Field Communication (NFC) India Market:
The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the Near Field Communication (NFC) India industry in 2021.
Key Questions Answered in the Near Field Communication (NFC) India Market Report are:
- What is the function of Near Field Communication (NFC) India?
- What is the predicted revenue generation of the Near Field Communication (NFC) India market?
- At what growth rate is the Near Field Communication (NFC) India market evolving?
- Who are the major market giants operating in the Near Field Communication (NFC) India market?
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Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the near field communication (nfc) chips market include Murata Manufacturing Co. Ltd, EM Microelectronic-Marin S.A., Marvell Technology Group Ltd, STMicroelectronics N.V., MediaTek Inc, Toshiba Corporation, Inside Secure S.A., Samsung Semiconductor Inc, NXP Semiconductors N.V., Broadcom Corporation.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Near Field Communication (NFC) Chips Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/near-field-communication-nfc-chips-market/download-sampleMarket DynamicsThe global near-field communication (NFC) chips market is estimated to proliferate at a lucrative rate during the forecast period.
The increasing trend of mobile commerce and the growing adoption of wearable & portable technology is steering the global near field communication (NFC) chips market.
Increasing urbanization in emerging economies, growing online and in-store payment, increasing penetration of contactless technology, and increasing need for connectivity between different devices are anticipated to propel the global near field communication (NFC) chips market.
However, lack of awareness about the benefits of NFC, issue of short-range communication, security concerns, and competition from alternative payment methods is limiting the market growth.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
