Dublin, July 11, 2024 (GLOBE NEWSWIRE) -- The "Near Field Communication Enabled Handsets - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Near Field Communication Enabled Handsets is estimated at 2.0 Billion Units in 2023 and is projected to reach 6.1 Billion Units by 2030, growing at a CAGR of 17.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
The proliferation of NFC technology is driven by its integration into user-friendly platforms like Android and iOS, each supporting NFC with varying degrees of functionality. Android has embraced NFC since version 2.3.3, supporting multiple NFC modes essential for modern mobile commerce, such as peer-to-peer sharing and card emulation. Conversely, iOS introduced NFC functionality with more restrictions in iOS 11, limiting operations to reading pre-formatted data and excluding features like writing to NFC tags or performing card emulation, which Android supports.
The broader adoption of NFC is fueled by its convenience in mobile payments, enhanced user experience through simple device interactions, and a growing demand for contactless operations, particularly highlighted during the COVID-19 pandemic. Beyond consumer electronics, NFC`s applications extend to healthcare, smart home technology, logistics, gaming, and automotive industries, demonstrating its versatility and increasing importance in a connected, digital-first world.
Regional Analysis
Gain insights into the U.S. market, estimated at 542.0 Million Units in 2023, and China, forecasted to grow at an impressive 22.7% CAGR to reach 1.5 Billion Units by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Near Field Communication Enabled Handsets Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Near Field Communication Enabled Handsets Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Blackberry Limited, Broadcom Corp., HTC Corporation, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 274 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value in 2023 | 2 Billion Units |
| Forecasted Market Value by 2030 | 6.1 Billion Units |
| Compound Annual Growth Rate | 17.0% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Near Field Communication Enabled Handsets - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Contactless Payments Propel NFC Handsets into the Mainstream
- IoT Expansion Drives Adoption of NFC Technology in Smart Devices
- Mobile Wallet Usage Surge Strengthens Business Case for NFC-Enabled Handsets
- Enhanced Security Protocols Generate Demand for Secure NFC Transactions
- Digital Identity Solutions Expand Addressable Market for NFC Technology
- Consumer Demand for Quick Service Transactions Accelerates NFC Integration
- Retail Innovation Throws the Spotlight On NFC for Enhanced Shopping Experiences
- Smart City Initiatives Propel Growth in NFC-Enabled Public Services
- Healthcare Applications Strengthen Market Opportunities for NFC in Medical Devices
- Evolving Payment Infrastructure Throws the Spotlight On NFC Compatibility
- Inter-device Connectivity Trends Propel NFC Use in Consumer Electronics
FOCUS ON SELECT PLAYERS
- Blackberry Limited
- Broadcom Corp.
- HTC Corporation
- Huawei Technologies Co. Ltd.
- Infineon Technologies AG
- Lenovo
- LG Electronics
- Nokia Corporation
- NXP Semiconductors NV
- Samsung Electronics Co., Ltd.
- Sony Mobile Communications Inc.
- STMicroelectronics NV
- ZTE Corporation
For more information about this report visit https://www.researchandmarkets.com/r/e657n4
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