NFC (Near field communication) tag are RFID transponders which consist of antenna, IC (integrated circuits), PET (Polyethylene terephthalate) substrate, adhesive package and release liner. In these NFC tags, IC contains unique ID & a part of rewritable memory, and antenna permits the IC to interact with an NFC scanner/reader, like an NFC smartphone.
As per the study published by Allied Market Research, titled, "Near Field Communication (NFC) Tags Market by Tag Type (Type 1, Type 2, Type 3, Type 4, and Type 5), Application (Smart Card, Tracking, Payments, and Others), and Industry Vertical (Automotive, Transportation, Retail, Medical & Healthcare, Banking & Finance, Agriculture, Aerospace & Defense, Consumer electronics, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030," the global near field communication (NFC) tags market size was valued at $3.80 billion in 2020, and is projected to reach $15.58 billion by 2030, registering a CAGR of 15.6%. Asia-Pacific is expected to be the leading contributor toward the global market during the forecast period, followed by Europe and LAMEA.
The latest technological developments and surge in demand are the prime factors behind the rapid Near Field Communication (NFC) Tags Market growth. The report includes a detailed study of the major market trends, driving factors, top 10 market players, and prime investment pockets.
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Major market players
The report covers a comprehensive study of the major market players that are currently operating in the Near Field Communication (NFC) Tags Market. These market players are Broadcom Inc., Identiv Inc., Infineon Technologies, NXP Semiconductors, Qualcomm Technologies, Inc., Samsung Electronics Co. Ltd., Sony Corporation, STMicroelectronics, Texas Instruments Incorporated, and Thales Group.
The competitive analysis of these organizations includes a thorough business overview, portfolio analysis of services and products. The companies have adopted several strategies including joint ventures, partnerships, new product launches, mergers & acquisitions, and collaboration to continue their dominant position in the market.
The report offers a comprehensive study of the dynamic driving and restraining factors, major challenges, and lucrative opportunities. Furthermore, the report provides a SWOT analysis that aids to understand the restraining and driving factors in the industry. The report outlines market segmentation and covers the study of major market players. Moreover, the report provides an in-depth study of the impact of the Covid-19 outbreak on the global Near Field Communication (NFC) Tags Market growth with an overview, definition and scope highlights.
The Near Field Communication (NFC) Tags Market report provides a detailed analysis of the market based on multiple parameters such as sales, sales analysis, market size, and major driving factors. Furthermore, the report provides Porter's five forces analysis, SWOT analysis, portfolio and financial analysis, and business overview of services and products. Such statistical tools offer essential information about leading market players and help recognize lucrative opportunities in the industry. The report helps market players and new industry entrants to formulate sound business strategies and leverage the upcoming opportunities in the market.
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The report provides a detailed study of the major market trends and driving factors that increase the growth of the Near Field Communication (NFC) Tags Market. The study of drivers and opportunities helps in understanding the dynamic industry trends and how companies can leverage such trends. On the other hand, the study of challenges and restraints included in the report helps in recognizing lucrative market investments. The global Near Field Communication (NFC) Tags Market report offers both quantitative and qualitative analyses of the market. The qualitative study covers the value chain analysis, pain point analysis, and key regulations.
The report includes a detailed analysis of the impact of the Covid-19 pandemic on the market. The prolonged lockdown across the globe and stringent restrictions on international trade has a significant impact on the global Near Field Communication (NFC) Tags Market. The Covid-19 outbreak has resulted in a disrupted supply chain and increased the prices of raw materials. The report provides consumer preferences, trends, and budget impact on the market due to the Covid-19 pandemic.
The global Near Field Communication (NFC) Tags Market offers detailed segmentation based on types, applications, and region. The Near Field Communication (NFC) Tags Market is segmented on the basis of geography. The regions studied in the report are North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). This market study helps to devise business strategies and recognize lucrative opportunities.
The report includes a comprehensive study of market trends, major market players, and top investment pockets that help understand strategies and make informed decisions. The study involves a detailed analysis of the top impacting factors and major investment pockets that affect the overall market growth.
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Key Benefits For Stakeholders
- This study comprises analytical depiction of the global near field communication (NFC) tags market along with the current trends and future estimations to depict the imminent investment pockets.
- The overall near field communication (NFC) tags market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current near field communication (NFC) tags market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
- Porter's five forces analysis illustrates the potency of the buyers and the near field communication (NFC) tags market share of key vendors.
- The report includes the trends and the market share of key vendors.
Key Market Segments
By Tag Types
- Type 1
- Type 2
- Type 3
- Type 4
- Type 5
- Smart Card
By Industry Vertical
- Medical & Healthcare
- Banking & Finance
- Aerospace & Defense
- Consumer electronics
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Latin America
- Middle East
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