NFC Market

The global NFC market size is expected to grow from USD 21.69 billion in 2024 to USD 30.55 billion by 2029, at a CAGR of 7.1% from 2024 to 2029. Near field communication technology is mainly deployed in smartphones, laptops, and tablets for a short range of data exchange. NFC is an array of protocols based on a wireless interface that enables communication devices and electronic gadgets, which establish radio communication with each other under proximity.

As of 2023, NXP Semiconductors (Netherlands), Broadcom (US), Qualcomm Technologies, Inc. (US), Texas Instruments Incorporated (US), STMicroelectronics (Switzerland), Renesas Electronics Corporation (Japan), ams-OSRAM AG (Austria), Thales (France), and Infineon Technologies AG (Germany), are some of the notable players in this market.

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Major NFC companies include:

• NXP Semiconductors (Netherlands)
• Broadcom (US)
• Qualcomm Technologies, Inc. (US)
• Texas Instruments Incorporated (US)
• STMicroelectronics (Switzerland)
• Renesas Electronics Corporation (Japan)
• ams-OSRAM AG (Austria)
• Thales (France)
• Infineon Technologies AG (Germany)

NXP Semiconductors

NXP Semiconductors is into high-performance mixed-signal/standard products. Its product solutions are applied in the automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing industries. Currently, the company deals with a number of diverse products such as microcontrollers, microprocessors, analog and mixed signal integrated circuits, power management integrated circuits, RF transceivers and sensors. The company has various connectors for security including; mobile payment, secure access, and IoT. The company has its operations in over thirty countries and has a strong client base and extends its services to clients directly and through channel partners.

Broadcom

Broadcom is one of the industry leaders in the supply of semiconductor solutions and infrastructure software to customers. It develops networking & communication chips covering data, voice and video as well as multimedia chips. It provides integrated system-on-a-chip (SoC) and software solutions to create the products & equipment for computers & networking, digital entertainment, broadband, & mobile communication. The Semiconductor Solutions segment remains Broadcom’s largest and most dominant segment while the Infrastructure Software segment is its other primary operating segment. The Semiconductor Solutions provide solutions for moving data in data centers, telecom, enterprise, and embedded networking markets. Some of the areas of usage include data center networking, home networking, broadband access and telecom equipment, smartphones and base stations.

Qualcomm Technologies, Inc.

Qualcomm Technologies, Inc. is strategically positioned in the world’s semiconductor market. It develops and offers wireless telecommunication products and services used in most mobile gadgets and other wireless devices including network instruments and broadband gateways. Besides cellular devices, its technology and products can be applied to IoT, automobiles, data center, networking and computing, and Machine Learning. Whereas Qualcomm Technologies, Inc is in organized business division by products / services and has four reportable business segments. The business operations are mainly via Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), Qualcomm Strategic Initiatives (QSI). QCT produces and markets chipsets and system software using CDMA, OFDMA, and other technologies for mobiles, wireless connects, broadband gateway, Consumer Electronics, IoT, automotive Telematics and Infotainment.

Texas Instruments Incorporated.

Texas Instruments Incorporated designs, manufactures, and markets analog and embedded processing chips. The company has design, manufacturing, and sales facilities in over thirty different countries. It also provides a dedicated portfolio of processors and controllers for a given communication protocol to be employed, specifically improving the harmonization of industrial communications. Wireless technology that it supports includes ZigBee, Bluetooth, and Wi-Fi, which are based on low-power wireless standard technology. Texas Instruments Incorporated operates in the Analog, Embedded Processing, and Other business segments. The Embedded Processing segment makes available microcontrollers and processors. Its connected microcontrollers range from simple microcontrollers to microcontrollers with built-in wireless capabilities and standalone wireless connectivity chips.

STMicroelectronics

STMicroelectronics was formed after integration of SGS Microelectronics semiconductor business with Thomson Semiconductors. The company offers a line of products consisting of discrete and general-purpose components, ASIC’s, full-custom and semi-custom products and ASSPs for analog, digital and mixed signal applications. These are automotive, industrial, personal electronics, communication equipment, and the computer and peripheral markets. The company has four operating segments, the Automotive and Discrete Group (ADG) Microcontrollers and Digital ICs Group (MDG), Analog, MEMS, and Sensors Group (AMS) and others Segment. The Microcontrollers and Digital ICs Group (MDG) consists of general-purpose and secure microcontrollers, microprocessors, EEPROM and RF memories, RF wireless and wired Application Specific Integrated Circuits (ASICs) for 4G/5G terminals and infrastructures, satellite constellation and defense systems as much as on ST own silicon technologies.

Related Reports:

NFC Market by Offering (NFC ICs, NFC Antennas, NFC Tags, NFC Readers), Operating Mode (Reader Emulation, Peer-to-Peer, Card Emulation), Use Cases (Payment and Transactions, Product Identification, Ticketing, Access Control) - Global Forecast to 2029

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