According to a market report by Lucintel, the future of the near field communication market looks promising with opportunities in the retail, transportation, automotive, residential and commercial, medical and healthcare, and consumer electronics industries. The near field communication market is expected to grow with a CAGR of 17% from 2019 to 2024. The major drivers for this market are decreasing prices of NFC chips, adoption of mobile commerce, increasing volume of cashless transactions, and growing adoption of smart appliances.
In this market, card emulation, reader emulation, and peer-to-peer are the major operating mode type. Peer-to peer operating mode is the largest segment. Within the near field communication market, retail, transportation, automotive, residential and commercial, medical and healthcare, and consumer electronics are the major end use industries. Retail is the largest end use industry for near field communication market. Non-auxiliary and auxiliary are the major product and software types of the near field communication market. APAC will remain the largest market over the forecast period.
NXP Semiconductors, Broadcom, STMicroelectronics, MediaTek, Renesas Electronics, Gemalto, and Texas Instruments are among the major players of the near field communication market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the near field communication market by operating mode, product and software, end use industry, and region. Lucintel has prepared a comprehensive research report entitled "Growth Opportunities in the Near Field Communication Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the near field communication market by operating mode, product and software, end use industry, and region as follows:

By Operating Mode [$M shipment analysis for 2013 – 2024]:
• Card Emulation
• Reader Emulation
• Peer-To-Peer
By Product and Software [$M shipment analysis for 2013 – 2024]:
• Non-Auxiliary
• Auxiliary
By End Use Industry [$M shipment analysis for 2013 – 2024]:
• Retail
• Transportation
• Automotive
• Residential and Commercial
• Medical and Healthcare
• Consumer Electronics
By Region [$M shipment analysis for 2013 – 2024]:
• North America
– United States
– Canada
– Mexico
• Europe
– UK
– Germany
– Italy
• Asia Pacific
– China
– Japan
– India
• Rest of the World

A more than 150 pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the near field communication market by operating mode (card emulation, reader emulation, peer-to-peer), product and software (non-auxiliary and auxiliary), end use industry (retail, transportation , automotive, residential and commercial, medical and healthcare, and consumer electronics) and region (North America, Europe, APAC, and ROW)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the near field communication market?
Q.5 What are the business risks and threats to the near field communication market?
Q.6 What are emerging trends in this near field communication market and the reasons behind them?
Q.7 What are of the changing demands of customers in the near field communication market?
Q.8 What are the new developments in the near field communication market? Which companies are leading these developments?
Q.9 Who are the major players in this near field communication market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this near field communication area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What MandA activities have taken place in the last 5 years in this near field communication market?