The NFC Tag ICs market is anticipated to hit USD 15.6 billion in 2025 while the projection of the increase to USD 67.2 billion by 2035. The demand growth is the most due to the continuing advancement in digital connectivity and more pervasive use of automation. With enterprises quickly integrating your science and technology, connected with NFC tag and IC technology, they are registering more and more use in consumer electronics, retail, healthcare, and enterprise security verticals.
The flourishing digital economy, adding to that, the IoT, automation and smart devices investments rise are the main reasons for the market's upturn. One other factor is the growing trend of companies opting for contactless payments over cash transactions, which has resulted in an increase in demand for systems that are associated with NFC in the retail industry and banking sector, marking the utter market for growth over decades.
Companies started using NFC tags, to interact with their customers, identify the customers' products, and promote marketing schemes via the NFC tag, thus becoming a key element to the present and future business paradigm.
The usage of AI-powered NFC in medical areas, for instance, to monitor patients or control smart home environments is another factor that the market must consider. The NFC tag ICs are expected to be mainstream in the field of money transfer that is untethered, thus their place in the smart ecosystems will definitely rise up during the years to come.
The idea of going cashless is now a trend with the retail and banking sectors incorporating mobile wallets and tap-to-pay as the traditional channels. The future of the NFC development in areas Tag ICs market will be a result of the use of new security instruments like biometric checks and blockchain contracts, where customers will be free to offer and receive high-level security Internet transactions.
Wearable payment gadgets such as smartwatches and rings are most likely to propel market development further. In contrast, the combination of NFC and proper technology in IoT is a breakthrough in IT operations for real-time monitoring, predictive maintenance, and logistics automation, thus providing the opportunity for higher productivity among firms.
Security also moved up the level from entry-keys to a much more sophisticated identity verification through biometric authentication, coupled with AI-driven fraud prevention. This software leap is essential in keeping secure digital transactions and making more robust authentication mechanisms both in the public and private sectors. On the other hand, NFC technology is being widely used in the medical field for tracking patients, drug management, and attendance monitoring of workers through automation.
From 2020 to 2024, the NFC tags market grew as contactless payments came into play. Packaging improved in quality as well. The COVID-19 pandemic hastened adoption in retail and healthcare, as companies looked for touch-free interactions. Improvements in chip technology allowed for greater security, better data storage, and increased communication speeds.
Retailers and logistics firms started using NFC tags for tracking products and customer interaction, while transport smart ticketing applications picked up. Installation costs were high and posed incompatibility concerns with existing systems in some areas, though.
2025 to 2035 will see advancements in NFC technology with AI personalization, low-power chips, and increased deployment in IoT networks. NFC tags can be verified using biometric, and this can improve security for banking and would also provide a better control for access. Flexible and print-friendly NFC tags are transforming smart packaging. Blockchain integration will provide end-to-end product authentication and anti-counterfeiting solutions. Reduced costs and interoperability will facilitate NFC adoption in various industries like automotive, health, and smart cities.
Global NFC Tag ICs Trends: 2020 to 2024 vs. 2025 to 2035
| 2020 to 2024 (Past Trends) | 2025 to 2035 (Future Trends) |
|---|---|
| Major application in mobile phones, tablet computers, and laptops for peer-to-peer short-distance data sharing (up to 10 cm). | Rolling out to wearables, home appliances, and industrial Internet of Things to enable interoperable connectivity within various ecosystems. |
| Widespread application in contactless transactions, where banks provide NFC-card-capable bank cards and smart phones gain more traction. | Joint use of digital wallets and biometric Near Field Communication-based authentications eliminating card dependency. |
| Advertising and retail industry applied NFC tags to engage customers, verify brands, and interactive promotions. | Artificial intelligence-driven smart retail solutions will incorporate NFC for auto-purchase, personalized offers, and supply chain monitoring. |
| NFC security and door access applications were deployed in office suites, hotels, and public establishments. | Emergence of new security features through the use of blockchain for authentications, safe NFC transactions, and biometric management. |
| Scarce uses in medicine and workforce management, with niche deployments for asset tracking and patient identification. | Huge expansion of healthcare, making intelligent patient management, electronic patient records, and NFC-based medicine management possible. NFC will also be used for staff management with self-service staff attendance, access, and HR operations. |
| Straightforward product verification and anti-counterfeiting was implemented through the use of NFC tags in brand products and medication. | Traceability in supply chains will get a boost using NFC tags with real-time monitoring, fraud, and source traceability across diverse industries. |
| Moderate R&D expenditure on NFC tech, as the industry concentrated on standardization and security enhancements. | NFC miniaturization, low-power semiconductors, and long-range performance will receive increased investment for R&D to expand applications in industries. |
| NFC tags were predominantly passive (externally reader-powered), with restricted ability. | Mass markets for high-communication capability long-life active and semi-active NFC tags will emerge. |
| Public knowledge and uptake were increasing but divided to particular sectors. | NFC will be propelled into mainstream in non-payment applications by smart city, automotive, and logistics use cases. |
| NFC technology was viewed as an add-on convenience and not essential. | NFC will be a facilitator of digital transformation as one of the leading drivers of more efficient, secure communication among industries. |
Global supply shortages of chips have had a huge effect on the availability of their NFC tag ICs, with lead times extending and prices going up. Now many NFC chips have backlog orders of 30-40 weeks, which means suppliers cannot meet demand. Supply constraints around semiconductor components have added to costs, with manufacturers focused on high-margin customers and limiting stock to smaller purchasers.
Production is hampered by raw material constraints. Limited manufacturing output due to ongoing shortages of silicon wafers and packaging substrates is further compounded by foundries increasing wafer prices by 3-20% to manage supply chain circumstantiality. Even passive components, such as capacitors and antennas, are experiencing extended lead times, further stalling overall production. Higher energy and metal costs in recent years have added another factor for pricing pressure across the semiconductor industry.
Chipmakers’ margins are squeezed by low-cost applications of NFC such as transit cards and event passes. Since these market segments require tags priced at mere cents, suppliers are forced to focus on low-cost chip designs and tiered product offerings to keep profitable in a high-volume playing field.
| Technology Trend | Details |
|---|---|
| Tamper-proof & Blockchain-based NFC Tags | For validating authenticity and secure verification methods for luxury items and pharmaceuticals, as well as supply chain verification. |
| Ultra-Low-Power NFC Tags | Superb battery-less NFC appliance by using harvesting technology. Perfect for IoT, smart labels, and wearables. |
| Multi-function NFC Chips | Merges NFC with RFID, Bluetooth Low Energy (BLE) and UHF allowing for more versatile implementations of logistics, access control and smart pay. |
The overall market for NFC Tag ICs is chiefly dominated by high-memory designs (greater than 10,000 bytes), with increasing data storage needs in many applications fueling adoption globally. With the NFC technology being used in applications such as cashless payments, digital authentication, industrial automation, and smart commerce, the demand for real-time data access and the need for secure encryption is soaring.
Advancements in contactless technologies driven by the convergence of IoT, AI and blockchain are cementing high-memory NFC Tag ICs as the linchpin of future solutions. These tags will enable innovations in connected ecosystems, leading the way towards effortless and safe interactions.
Accounting for the growing worldwide market of NFC Tag IC with the medium memory (1,000 to 10, 000-bite)-the next level with 60% of total growth, as it offers optimal storage capacity and cost-effectiveness without compromising on versatility. These tags are suitable for moderate data storage applications like contactless payments, asset tracking, and event ticketing and inventory management.
More businesses are also adopting NFC-enabled solutions, and medium-memory tags can easily be integrated into IoT ecosystem, smart packaging and retail operations for real-time data access and improved customer benefit. They offer an affordable compromise over higher end, higher memory options yet still provide adequate encryption and data processing capabilities, making them an appealing option for a mid-tier application.
Increasing usage of medium-memory NFC Tag ICs is driven by expanding applications in IoT and smart automation technologies, requiring secure and reliable data processing. Health care, logistics and hospitality are just some of the industries expected to unleash their NFC use cases thanks to these tags.
Device pairing applications account for the largest share in the NFC Tag ICs market as we use this NFC Tag IC in most of the device pairing where the device can be unlocked using a Bluetooth interface paired with the NFC-enabled smartphone and other NFC-enabled devices such as smart gate entries and smart IoT devices. These applications provide secure and error-free experiences and therefore are imperative for consumers as well as enterprises.
Device-to-device communication represents the biggest market share, though peer-to-peer (P2P) applications are few and far between, as Bluetooth and Wi-Fi Direct technology offer faster transmission rates. The NFC-enabled device pairing is projected to continue to drive market growth as industries and consumers become more cashless and smart systems become more common.
Payment applications are the most significant reason for the NFC Tag ICs market since contactless payment solutions, mobile wallets as well as mobile banking are being widely adopted globally. They have become the preferred option for consumers and businesses, offering secure, seamless, and instant transaction capabilities.
With the world now moving towards a cashless economy, NFC-enabled payment systems are proving to be a necessity. The increasing consumerization of technology, together with consumer demand for convenience and security, has generated a flurry of activity from mobile payment platforms, including Apple Pay, Google Pay, and Samsung Pay, to integrate NFC Tag ICs into their solutions and provide consumers with fast and secure transactions.
The USA is at the forefront of contactless payment acceptance using NFC technology on mobile wallets like Apple Pay, Google Pay, and Samsung Pay. The payment sector is also putting a lot of money into NFC credit/debit cards so that payments become safer and faster. Touchless payment via NFC has even made it to retail.
Growth Factors
| Key Factors | Details |
|---|---|
| Contactless Payments | Widespread adoption of NFC-based mobile wallets and cards. |
| Expansion in Retail & Smart Packaging | NFC-enabled product authentication and customer engagement. |
| Increased IoT Adoption | NFC tags integrated with smart home and industrial IoT solutions. |
| High Demand in Healthcare | NFC use in patient tracking, medication management, and hospital assets. |
The UK has embraced the NFC technology in retail to supply chain management and the customer experience. Tesco and Sainsbury's are setting the pace using NFC-enabled intelligent shelves and touch-sensitive digital display posters. Contactless payment is widespread in the United Kingdom, which has been inspired by the ambition of the government to create a cashless society.
Growth Factors
| Key Factors | Details |
|---|---|
| Rapid Digital Payment Adoption | Vigor push for retail and transport cashless transactions. |
| Growth in Secure Identification & Access Control | NFC-enabled ID badges and security cards on the rise. |
| Expanding Smart Packaging & Anti-Counterfeiting Measures | Application of NFC in luxury products, drugs, and foodstuffs. |
| Rising Popularity of NFC-enabled Wearables | Smartwatches and fitness bands with NFC for payment and connectivity. |
China is a leader in NFC-based systems, applying the technology in the control of smart homes, public transport, and mobile payments. Consumer electronics make use of NFC tags to provide effortless pairing. Mobile payment giants WeChat Pay and Alipay popularized NFC transactions, and cashless transactions.
Growth Factors
| Key Factors | Details |
|---|---|
| Strong Government Push for Digital Payments | Extensive application of NFC in Alipay, WeChat Pay, and public transportation. |
| Growth in Smart Cities & Public Services | NFC application in e-governance, transport cards, and public safety infrastructures. |
| Expansion in Retail & E-Commerce | NFC-based product tracing and customer engagement solutions. |
| Increasing Smartphone & IoT Device Production | Local manufacturers integrating NFC chips into a wide range of consumer electronics. |
Germany's automotive industry is among the largest drivers of NFC adoption. Large automobile companies like BMW, Volkswagen, and Mercedes-Benz are embedding NFC in vehicles for keyless entry, car environment personalization, and secure car-to-car communication. NFC-based technology authentication is gaining popularity for electric vehicle charging points so that electric vehicle owners can pay contactless and conveniently.
Growth Factors
| Key Factors | Details |
|---|---|
| Rising Demand in Automotive Industry | NFC used in keyless entry, infotainment devices, and vehicle authentication. |
| Growth in Industrial IoT (IIoT) Applications | NFC implementation in smart factories for equipment tracking and inventory management. |
| Increasing Use in Healthcare & Pharmaceuticals | NFC-enabled drug verification and patient tracking. |
| Expansion of Digital Access Control & Security | NFC tags placed on office workstations, public spaces, and home security systems. |
In rural and semi-urban locations. Digital India that has been kicked off with goading from the government has prompted banks and digital technology firms to introduce NFC-enabled RuPay cards and tap-and-pay on UPI. Spread of low-cost NFC-capable feature phones is also driving adoption of contactless payments among street vendors and small merchants.
Growth Factors
| Key Factors | Details |
|---|---|
| Growing Digital Payment Ecosystem | Increasing NFC-enabled payment adoption through UPI and mobile wallets. |
| Expansion of Smart Retail Solutions | NFC technology used in interactive advertising and customer loyalty programs. |
| Government Push for Smart Cities | NFC applications in public transport, digital identity, and municipal services. |
| Affordable Smartphone Penetration | Rise in NFC-enabled budget smartphones expanding market reach. |
Japan led by introducing NFC-equipped public transport in the shape of smart intelligent cards like Suica, Pasmo, and ICOCA to simplify train, bus, and metro line travel. Outside of transport, NFC finds its way into day-to-day living, from vending machines to ticketing booths popular throughout retail, hospitality, and entertainment sectors.
Growth Factors
| Key Factors | Details |
|---|---|
| Advanced Public Transit Systems | NFC-powered Suica, Pasmo, and other contactless travel solutions. |
| High Adoption in Consumer Electronics | Smartphones, gaming consoles, and cameras integrating NFC features. |
| Growth in Retail Automation | Use of NFC for seamless self-checkout and interactive shopping experiences. |
| Strong Demand for NFC in Healthcare | Hospitals adopting NFC tags for medical record access and patient tracking. |
The NFC tag IC market is a scene of intense competition between the major players wanting to cash in on the increasing demand for contactless communication technologies. The major companies in this domain include NXP Semiconductors, STMicroelectronics, Panasonic, Broadcom, Qualcomm, Nokia, Identiv, Sony, and MediaTek. These companies engage in developing and supplying NFC tag ICs for several applications, including mobile payments, access control, and data exchange.
NXP Semiconductors
With approximately 35% market share led by mobile payment, automotive, and secure access control solutions.
Broadcom Inc.
It is a leading United States entity that has approximately 15% market share in wireless semiconductor solutions for consumer products, smartphones, and wearables.
Qualcomm Technologies, Inc.
Holds a market share of 12% owing to its development in wireless communication and NFC implementation with 5G.
STMicroelectronics
10% market share holds a position of top vendor for NFC tag ICs to automobile and industrial application markets with solutions of high-performance and reliability.
Texas Instruments
Maintains a market share of 8%, is famous for high-reliability NFC transceivers used for access control, payment, as well as for industrial automation.
Infineon Technologies AG
Being Germany-based, it maintains 7% market share of the total market share and has monopolistic hold on the market for secure NFC transaction and authentication products. Infineon finds the most suitable usage in financial transactions and government identities where high security NFC controllers cannot be redirected.
The Successful Start-Up Culture of the NFC Industry
While incumbents rule, startups are disrupting at breakneck speeds and building niches with next-generation solutions for security, IoT connectivity, and consumer engagement. The startup ecosystem is rife with new entrants disrupting industry giants by building affordable, scalable, and agile NFC solutions across industries.
Identiv, Inc.
Based in the USA, it is a leader in secure identification solutions, focusing primarily on the healthcare, retail, and logistics sectors. Its contactless authentication products are picking up pace in hospitals, warehouses, and electronic payment networks.
Thinfilm Electronics ASA
A Norwegian start-up firm is shaking the market with its printed NFC tags, with its main focus on product authentication, digital brand interaction, and supply chain transparency.
Blue Bite
It is a border of consumer interaction with NFC. It facilitates the interaction of consumers and brands online through digital coupons, smart packaging, and loyalty cards.
Dolphin RFID
An Indian firm is developing RFID and NFC-based inventory management, asset tracking, and supply chain logistics solutions to assist business organizations in optimizing supply chain management.
Wiliot
An Israeli firm is sending shockwaves with battery-free sensors that support NFC and Bluetooth features and revolutionized real-time supply chain monitoring in a novel manner.
The market for NFC is witnessing increased technical developments with businesses actively investing in product innovation and security features in an attempt to chase a lead. Contactless payment methods are part of the priority interest as the need for accelerated, secured, and frictionless payment is rising across the globe. Security is another field that is in gigantic demand for topmost priority as companies are tending towards data encryption, authentication feature, and anti-fraud feature to make NFC-based payment an easy stroll.
The convergence of NFC with IoT and cloud computing post-AI is today a strategic necessity, allowing organizations to create connected systems that re-imagine automation, efficiency, and interconnectivity in various sectors. The trend is being most prominently observed in smart home automation, industrial IoT, and healthcare, where the use of NFC is being utilized to automate and secure.
Retail and online retail is also another sector to be targeted where firms are using NFC-enabled interactive packaging to engage with customers. NFC-enabled smart labels are driving real-time product information, authenticity verification, and customer personalization. The firms are leveraging the technology for customer loyalty promotion and digital innovation for brick-and-mortar stores.
The market is categorized based on memory capacity, including high memory (more than 10,000 bytes), medium memory (1,000 to 10,000 bytes), and low memory (less than 1,000 bytes).
The type of connection segmentation involves people-to-people (peer-to-peer) and people-to-devices (device pairing), both defining the manner in which the technology facilitates the interactions.
Smart posters, payment, marketing strategies, information exchange, delivery of digital content, social networks, games, and authentication uses are various applications fueling market adoption.
The market is widespread across various sectors, including BFSI, media & entertainment, retail, hospitality, healthcare, and other sectors using the technology for increased interconnectivity and security.
Regional segmentation highlights the presence and growth of the market in North America, Latin America, Western Europe, Eastern Europe, South Asia and the Pacific, East Asia, and the Middle East and Africa.
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Volume (Units) Forecast by Region, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Memory, 2018 to 2033
Table 4: Global Market Volume (Units) Forecast by Memory, 2018 to 2033
Table 5: Global Market Value (US$ Million) Forecast by Connection, 2018 to 2033
Table 6: Global Market Volume (Units) Forecast by Connection, 2018 to 2033
Table 7: Global Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 8: Global Market Volume (Units) Forecast by Application, 2018 to 2033
Table 9: Global Market Value (US$ Million) Forecast by Industry, 2018 to 2033
Table 10: Global Market Volume (Units) Forecast by Industry, 2018 to 2033
Table 11: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 12: North America Market Volume (Units) Forecast by Country, 2018 to 2033
Table 13: North America Market Value (US$ Million) Forecast by Memory, 2018 to 2033
Table 14: North America Market Volume (Units) Forecast by Memory, 2018 to 2033
Table 15: North America Market Value (US$ Million) Forecast by Connection, 2018 to 2033
Table 16: North America Market Volume (Units) Forecast by Connection, 2018 to 2033
Table 17: North America Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 18: North America Market Volume (Units) Forecast by Application, 2018 to 2033
Table 19: North America Market Value (US$ Million) Forecast by Industry, 2018 to 2033
Table 20: North America Market Volume (Units) Forecast by Industry, 2018 to 2033
Table 21: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 22: Latin America Market Volume (Units) Forecast by Country, 2018 to 2033
Table 23: Latin America Market Value (US$ Million) Forecast by Memory, 2018 to 2033
Table 24: Latin America Market Volume (Units) Forecast by Memory, 2018 to 2033
Table 25: Latin America Market Value (US$ Million) Forecast by Connection, 2018 to 2033
Table 26: Latin America Market Volume (Units) Forecast by Connection, 2018 to 2033
Table 27: Latin America Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 28: Latin America Market Volume (Units) Forecast by Application, 2018 to 2033
Table 29: Latin America Market Value (US$ Million) Forecast by Industry, 2018 to 2033
Table 30: Latin America Market Volume (Units) Forecast by Industry, 2018 to 2033
Table 31: Western Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 32: Western Europe Market Volume (Units) Forecast by Country, 2018 to 2033
Table 33: Western Europe Market Value (US$ Million) Forecast by Memory, 2018 to 2033
Table 34: Western Europe Market Volume (Units) Forecast by Memory, 2018 to 2033
Table 35: Western Europe Market Value (US$ Million) Forecast by Connection, 2018 to 2033
Table 36: Western Europe Market Volume (Units) Forecast by Connection, 2018 to 2033
Table 37: Western Europe Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 38: Western Europe Market Volume (Units) Forecast by Application, 2018 to 2033
Table 39: Western Europe Market Value (US$ Million) Forecast by Industry, 2018 to 2033
Table 40: Western Europe Market Volume (Units) Forecast by Industry, 2018 to 2033
Table 41: Eastern Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 42: Eastern Europe Market Volume (Units) Forecast by Country, 2018 to 2033
Table 43: Eastern Europe Market Value (US$ Million) Forecast by Memory, 2018 to 2033
Table 44: Eastern Europe Market Volume (Units) Forecast by Memory, 2018 to 2033
Table 45: Eastern Europe Market Value (US$ Million) Forecast by Connection, 2018 to 2033
Table 46: Eastern Europe Market Volume (Units) Forecast by Connection, 2018 to 2033
Table 47: Eastern Europe Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 48: Eastern Europe Market Volume (Units) Forecast by Application, 2018 to 2033
Table 49: Eastern Europe Market Value (US$ Million) Forecast by Industry, 2018 to 2033
Table 50: Eastern Europe Market Volume (Units) Forecast by Industry, 2018 to 2033
Table 51: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 52: South Asia and Pacific Market Volume (Units) Forecast by Country, 2018 to 2033
Table 53: South Asia and Pacific Market Value (US$ Million) Forecast by Memory, 2018 to 2033
Table 54: South Asia and Pacific Market Volume (Units) Forecast by Memory, 2018 to 2033
Table 55: South Asia and Pacific Market Value (US$ Million) Forecast by Connection, 2018 to 2033
Table 56: South Asia and Pacific Market Volume (Units) Forecast by Connection, 2018 to 2033
Table 57: South Asia and Pacific Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 58: South Asia and Pacific Market Volume (Units) Forecast by Application, 2018 to 2033
Table 59: South Asia and Pacific Market Value (US$ Million) Forecast by Industry, 2018 to 2033
Table 60: South Asia and Pacific Market Volume (Units) Forecast by Industry, 2018 to 2033
Table 61: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 62: East Asia Market Volume (Units) Forecast by Country, 2018 to 2033
Table 63: East Asia Market Value (US$ Million) Forecast by Memory, 2018 to 2033
Table 64: East Asia Market Volume (Units) Forecast by Memory, 2018 to 2033
Table 65: East Asia Market Value (US$ Million) Forecast by Connection, 2018 to 2033
Table 66: East Asia Market Volume (Units) Forecast by Connection, 2018 to 2033
Table 67: East Asia Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 68: East Asia Market Volume (Units) Forecast by Application, 2018 to 2033
Table 69: East Asia Market Value (US$ Million) Forecast by Industry, 2018 to 2033
Table 70: East Asia Market Volume (Units) Forecast by Industry, 2018 to 2033
Table 71: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 72: Middle East and Africa Market Volume (Units) Forecast by Country, 2018 to 2033
Table 73: Middle East and Africa Market Value (US$ Million) Forecast by Memory, 2018 to 2033
Table 74: Middle East and Africa Market Volume (Units) Forecast by Memory, 2018 to 2033
Table 75: Middle East and Africa Market Value (US$ Million) Forecast by Connection, 2018 to 2033
Table 76: Middle East and Africa Market Volume (Units) Forecast by Connection, 2018 to 2033
Table 77: Middle East and Africa Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 78: Middle East and Africa Market Volume (Units) Forecast by Application, 2018 to 2033
Table 79: Middle East and Africa Market Value (US$ Million) Forecast by Industry, 2018 to 2033
Table 80: Middle East and Africa Market Volume (Units) Forecast by Industry, 2018 to 2033
Figure 1: Global Market Value (US$ Million) by Memory, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Connection, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Application, 2023 to 2033
Figure 4: Global Market Value (US$ Million) by Industry, 2023 to 2033
Figure 5: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 6: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 7: Global Market Volume (Units) Analysis by Region, 2018 to 2033
Figure 8: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 9: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 10: Global Market Value (US$ Million) Analysis by Memory, 2018 to 2033
Figure 11: Global Market Volume (Units) Analysis by Memory, 2018 to 2033
Figure 12: Global Market Value Share (%) and BPS Analysis by Memory, 2023 to 2033
Figure 13: Global Market Y-o-Y Growth (%) Projections by Memory, 2023 to 2033
Figure 14: Global Market Value (US$ Million) Analysis by Connection, 2018 to 2033
Figure 15: Global Market Volume (Units) Analysis by Connection, 2018 to 2033
Figure 16: Global Market Value Share (%) and BPS Analysis by Connection, 2023 to 2033
Figure 17: Global Market Y-o-Y Growth (%) Projections by Connection, 2023 to 2033
Figure 18: Global Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 19: Global Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 20: Global Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 21: Global Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 22: Global Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 23: Global Market Volume (Units) Analysis by Industry, 2018 to 2033
Figure 24: Global Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 25: Global Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 26: Global Market Attractiveness by Memory, 2023 to 2033
Figure 27: Global Market Attractiveness by Connection, 2023 to 2033
Figure 28: Global Market Attractiveness by Application, 2023 to 2033
Figure 29: Global Market Attractiveness by Industry, 2023 to 2033
Figure 30: Global Market Attractiveness by Region, 2023 to 2033
Figure 31: North America Market Value (US$ Million) by Memory, 2023 to 2033
Figure 32: North America Market Value (US$ Million) by Connection, 2023 to 2033
Figure 33: North America Market Value (US$ Million) by Application, 2023 to 2033
Figure 34: North America Market Value (US$ Million) by Industry, 2023 to 2033
Figure 35: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 36: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 37: North America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 38: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 39: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 40: North America Market Value (US$ Million) Analysis by Memory, 2018 to 2033
Figure 41: North America Market Volume (Units) Analysis by Memory, 2018 to 2033
Figure 42: North America Market Value Share (%) and BPS Analysis by Memory, 2023 to 2033
Figure 43: North America Market Y-o-Y Growth (%) Projections by Memory, 2023 to 2033
Figure 44: North America Market Value (US$ Million) Analysis by Connection, 2018 to 2033
Figure 45: North America Market Volume (Units) Analysis by Connection, 2018 to 2033
Figure 46: North America Market Value Share (%) and BPS Analysis by Connection, 2023 to 2033
Figure 47: North America Market Y-o-Y Growth (%) Projections by Connection, 2023 to 2033
Figure 48: North America Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 49: North America Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 50: North America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 51: North America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 52: North America Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 53: North America Market Volume (Units) Analysis by Industry, 2018 to 2033
Figure 54: North America Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 55: North America Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 56: North America Market Attractiveness by Memory, 2023 to 2033
Figure 57: North America Market Attractiveness by Connection, 2023 to 2033
Figure 58: North America Market Attractiveness by Application, 2023 to 2033
Figure 59: North America Market Attractiveness by Industry, 2023 to 2033
Figure 60: North America Market Attractiveness by Country, 2023 to 2033
Figure 61: Latin America Market Value (US$ Million) by Memory, 2023 to 2033
Figure 62: Latin America Market Value (US$ Million) by Connection, 2023 to 2033
Figure 63: Latin America Market Value (US$ Million) by Application, 2023 to 2033
Figure 64: Latin America Market Value (US$ Million) by Industry, 2023 to 2033
Figure 65: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 66: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 67: Latin America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 68: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 69: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 70: Latin America Market Value (US$ Million) Analysis by Memory, 2018 to 2033
Figure 71: Latin America Market Volume (Units) Analysis by Memory, 2018 to 2033
Figure 72: Latin America Market Value Share (%) and BPS Analysis by Memory, 2023 to 2033
Figure 73: Latin America Market Y-o-Y Growth (%) Projections by Memory, 2023 to 2033
Figure 74: Latin America Market Value (US$ Million) Analysis by Connection, 2018 to 2033
Figure 75: Latin America Market Volume (Units) Analysis by Connection, 2018 to 2033
Figure 76: Latin America Market Value Share (%) and BPS Analysis by Connection, 2023 to 2033
Figure 77: Latin America Market Y-o-Y Growth (%) Projections by Connection, 2023 to 2033
Figure 78: Latin America Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 79: Latin America Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 80: Latin America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 81: Latin America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 82: Latin America Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 83: Latin America Market Volume (Units) Analysis by Industry, 2018 to 2033
Figure 84: Latin America Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 85: Latin America Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 86: Latin America Market Attractiveness by Memory, 2023 to 2033
Figure 87: Latin America Market Attractiveness by Connection, 2023 to 2033
Figure 88: Latin America Market Attractiveness by Application, 2023 to 2033
Figure 89: Latin America Market Attractiveness by Industry, 2023 to 2033
Figure 90: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 91: Western Europe Market Value (US$ Million) by Memory, 2023 to 2033
Figure 92: Western Europe Market Value (US$ Million) by Connection, 2023 to 2033
Figure 93: Western Europe Market Value (US$ Million) by Application, 2023 to 2033
Figure 94: Western Europe Market Value (US$ Million) by Industry, 2023 to 2033
Figure 95: Western Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 96: Western Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 97: Western Europe Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 98: Western Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 99: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 100: Western Europe Market Value (US$ Million) Analysis by Memory, 2018 to 2033
Figure 101: Western Europe Market Volume (Units) Analysis by Memory, 2018 to 2033
Figure 102: Western Europe Market Value Share (%) and BPS Analysis by Memory, 2023 to 2033
Figure 103: Western Europe Market Y-o-Y Growth (%) Projections by Memory, 2023 to 2033
Figure 104: Western Europe Market Value (US$ Million) Analysis by Connection, 2018 to 2033
Figure 105: Western Europe Market Volume (Units) Analysis by Connection, 2018 to 2033
Figure 106: Western Europe Market Value Share (%) and BPS Analysis by Connection, 2023 to 2033
Figure 107: Western Europe Market Y-o-Y Growth (%) Projections by Connection, 2023 to 2033
Figure 108: Western Europe Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 109: Western Europe Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 110: Western Europe Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 111: Western Europe Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 112: Western Europe Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 113: Western Europe Market Volume (Units) Analysis by Industry, 2018 to 2033
Figure 114: Western Europe Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 115: Western Europe Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 116: Western Europe Market Attractiveness by Memory, 2023 to 2033
Figure 117: Western Europe Market Attractiveness by Connection, 2023 to 2033
Figure 118: Western Europe Market Attractiveness by Application, 2023 to 2033
Figure 119: Western Europe Market Attractiveness by Industry, 2023 to 2033
Figure 120: Western Europe Market Attractiveness by Country, 2023 to 2033
Figure 121: Eastern Europe Market Value (US$ Million) by Memory, 2023 to 2033
Figure 122: Eastern Europe Market Value (US$ Million) by Connection, 2023 to 2033
Figure 123: Eastern Europe Market Value (US$ Million) by Application, 2023 to 2033
Figure 124: Eastern Europe Market Value (US$ Million) by Industry, 2023 to 2033
Figure 125: Eastern Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 126: Eastern Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 127: Eastern Europe Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 128: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 129: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 130: Eastern Europe Market Value (US$ Million) Analysis by Memory, 2018 to 2033
Figure 131: Eastern Europe Market Volume (Units) Analysis by Memory, 2018 to 2033
Figure 132: Eastern Europe Market Value Share (%) and BPS Analysis by Memory, 2023 to 2033
Figure 133: Eastern Europe Market Y-o-Y Growth (%) Projections by Memory, 2023 to 2033
Figure 134: Eastern Europe Market Value (US$ Million) Analysis by Connection, 2018 to 2033
Figure 135: Eastern Europe Market Volume (Units) Analysis by Connection, 2018 to 2033
Figure 136: Eastern Europe Market Value Share (%) and BPS Analysis by Connection, 2023 to 2033
Figure 137: Eastern Europe Market Y-o-Y Growth (%) Projections by Connection, 2023 to 2033
Figure 138: Eastern Europe Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 139: Eastern Europe Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 140: Eastern Europe Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 141: Eastern Europe Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 142: Eastern Europe Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 143: Eastern Europe Market Volume (Units) Analysis by Industry, 2018 to 2033
Figure 144: Eastern Europe Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 145: Eastern Europe Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 146: Eastern Europe Market Attractiveness by Memory, 2023 to 2033
Figure 147: Eastern Europe Market Attractiveness by Connection, 2023 to 2033
Figure 148: Eastern Europe Market Attractiveness by Application, 2023 to 2033
Figure 149: Eastern Europe Market Attractiveness by Industry, 2023 to 2033
Figure 150: Eastern Europe Market Attractiveness by Country, 2023 to 2033
Figure 151: South Asia and Pacific Market Value (US$ Million) by Memory, 2023 to 2033
Figure 152: South Asia and Pacific Market Value (US$ Million) by Connection, 2023 to 2033
Figure 153: South Asia and Pacific Market Value (US$ Million) by Application, 2023 to 2033
Figure 154: South Asia and Pacific Market Value (US$ Million) by Industry, 2023 to 2033
Figure 155: South Asia and Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 156: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 157: South Asia and Pacific Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 158: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 159: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 160: South Asia and Pacific Market Value (US$ Million) Analysis by Memory, 2018 to 2033
Figure 161: South Asia and Pacific Market Volume (Units) Analysis by Memory, 2018 to 2033
Figure 162: South Asia and Pacific Market Value Share (%) and BPS Analysis by Memory, 2023 to 2033
Figure 163: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Memory, 2023 to 2033
Figure 164: South Asia and Pacific Market Value (US$ Million) Analysis by Connection, 2018 to 2033
Figure 165: South Asia and Pacific Market Volume (Units) Analysis by Connection, 2018 to 2033
Figure 166: South Asia and Pacific Market Value Share (%) and BPS Analysis by Connection, 2023 to 2033
Figure 167: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Connection, 2023 to 2033
Figure 168: South Asia and Pacific Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 169: South Asia and Pacific Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 170: South Asia and Pacific Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 171: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 172: South Asia and Pacific Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 173: South Asia and Pacific Market Volume (Units) Analysis by Industry, 2018 to 2033
Figure 174: South Asia and Pacific Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 175: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 176: South Asia and Pacific Market Attractiveness by Memory, 2023 to 2033
Figure 177: South Asia and Pacific Market Attractiveness by Connection, 2023 to 2033
Figure 178: South Asia and Pacific Market Attractiveness by Application, 2023 to 2033
Figure 179: South Asia and Pacific Market Attractiveness by Industry, 2023 to 2033
Figure 180: South Asia and Pacific Market Attractiveness by Country, 2023 to 2033
Figure 181: East Asia Market Value (US$ Million) by Memory, 2023 to 2033
Figure 182: East Asia Market Value (US$ Million) by Connection, 2023 to 2033
Figure 183: East Asia Market Value (US$ Million) by Application, 2023 to 2033
Figure 184: East Asia Market Value (US$ Million) by Industry, 2023 to 2033
Figure 185: East Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 186: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 187: East Asia Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 188: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 189: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 190: East Asia Market Value (US$ Million) Analysis by Memory, 2018 to 2033
Figure 191: East Asia Market Volume (Units) Analysis by Memory, 2018 to 2033
Figure 192: East Asia Market Value Share (%) and BPS Analysis by Memory, 2023 to 2033
Figure 193: East Asia Market Y-o-Y Growth (%) Projections by Memory, 2023 to 2033
Figure 194: East Asia Market Value (US$ Million) Analysis by Connection, 2018 to 2033
Figure 195: East Asia Market Volume (Units) Analysis by Connection, 2018 to 2033
Figure 196: East Asia Market Value Share (%) and BPS Analysis by Connection, 2023 to 2033
Figure 197: East Asia Market Y-o-Y Growth (%) Projections by Connection, 2023 to 2033
Figure 198: East Asia Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 199: East Asia Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 200: East Asia Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 201: East Asia Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 202: East Asia Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 203: East Asia Market Volume (Units) Analysis by Industry, 2018 to 2033
Figure 204: East Asia Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 205: East Asia Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 206: East Asia Market Attractiveness by Memory, 2023 to 2033
Figure 207: East Asia Market Attractiveness by Connection, 2023 to 2033
Figure 208: East Asia Market Attractiveness by Application, 2023 to 2033
Figure 209: East Asia Market Attractiveness by Industry, 2023 to 2033
Figure 210: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 211: Middle East and Africa Market Value (US$ Million) by Memory, 2023 to 2033
Figure 212: Middle East and Africa Market Value (US$ Million) by Connection, 2023 to 2033
Figure 213: Middle East and Africa Market Value (US$ Million) by Application, 2023 to 2033
Figure 214: Middle East and Africa Market Value (US$ Million) by Industry, 2023 to 2033
Figure 215: Middle East and Africa Market Value (US$ Million) by Country, 2023 to 2033
Figure 216: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 217: Middle East and Africa Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 218: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 219: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 220: Middle East and Africa Market Value (US$ Million) Analysis by Memory, 2018 to 2033
Figure 221: Middle East and Africa Market Volume (Units) Analysis by Memory, 2018 to 2033
Figure 222: Middle East and Africa Market Value Share (%) and BPS Analysis by Memory, 2023 to 2033
Figure 223: Middle East and Africa Market Y-o-Y Growth (%) Projections by Memory, 2023 to 2033
Figure 224: Middle East and Africa Market Value (US$ Million) Analysis by Connection, 2018 to 2033
Figure 225: Middle East and Africa Market Volume (Units) Analysis by Connection, 2018 to 2033
Figure 226: Middle East and Africa Market Value Share (%) and BPS Analysis by Connection, 2023 to 2033
Figure 227: Middle East and Africa Market Y-o-Y Growth (%) Projections by Connection, 2023 to 2033
Figure 228: Middle East and Africa Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 229: Middle East and Africa Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 230: Middle East and Africa Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 231: Middle East and Africa Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 232: Middle East and Africa Market Value (US$ Million) Analysis by Industry, 2018 to 2033
Figure 233: Middle East and Africa Market Volume (Units) Analysis by Industry, 2018 to 2033
Figure 234: Middle East and Africa Market Value Share (%) and BPS Analysis by Industry, 2023 to 2033
Figure 235: Middle East and Africa Market Y-o-Y Growth (%) Projections by Industry, 2023 to 2033
Figure 236: Middle East and Africa Market Attractiveness by Memory, 2023 to 2033
Figure 237: Middle East and Africa Market Attractiveness by Connection, 2023 to 2033
Figure 238: Middle East and Africa Market Attractiveness by Application, 2023 to 2033
Figure 239: Middle East and Africa Market Attractiveness by Industry, 2023 to 2033
Figure 240: Middle East and Africa Market Attractiveness by Country, 2023 to 2033
The global market will grow from USD 15.6 billion in 2025 to USD 67.2 billion in 2035 with a compound annual growth rate (CAGR) of 15.7% during the forecast period.
The market is driven by increasing adoption of contactless payments, growth in IoT, advances in security features, increasing healthcare and retail use cases, and continuous innovation in NFC chip technology.
Retail, payment, healthcare, supply chain, and the automobile industry will have the highest uptake, with NFC enabling smart shopping, secure payments, patient location tracking, instant tracking of shipments, and smart car entry.
The Asia-Pacific region is expected to spearhead rapid digitalization, and North America and Asia-Pacific collectively accounted for 67% market share in 2025.
The leaders are NXP Semiconductors with 35% share, Broadcom Inc. with 15%, Qualcomm Technologies with 12%, STMicroelectronics with 10%, Texas Instruments with 8%, and Infineon Technologies with 7%.
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