Global NFC Tags Market is Estimated to Hit $15.58 billion by 2030 | CAGR of 15.6%

According to the report published by Allied Market Research, titled, “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 NFC tags market generated $3.80 billion in 2020, and is estimated to reach $15.58 billion by 2030, witnessing a CAGR of 15.6% from 2021 to 2030.

Increase in proliferation of smartphones, surge in adoption of wearable technology, and rise in focus toward offering improved customer experience drive the growth of the global NFC tags market. However, short operational range and security concerns hinder the market growth. On the other hand, technological advancements in NFC create new opportunities in the coming years.

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Leading players of the global NFC tags market analyzed in the research include Broadcom Inc., Infineon Technologies, Identiv Inc., Qualcomm Technologies, Inc., NXP Semiconductors, Sony Corporation, Samsung Electronics Co. Ltd., Texas Instruments Incorporated, STMicroelectronics, and Thales Group.

Key Benefits For Stakeholders

• This study comprises analytical depiction of the global NFC tags market along with the current trends and future estimations to depict the imminent investment pockets.
• The overall 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 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 NFC tags market share of key vendors.
• The report includes the trends and the market share of key vendors.

The report offers a detailed analysis of changing market trends, key segments, top investment pockets, value chain, regional landscape, and competitive scenario.

The report offers detailed segmentation of the global NFC tags market based on tag types, application, industry vertical, and region.

Based on tag type, the type 2 segment contributed to the largest share in 2020, holding more than one-fourth of the total share, and is estimated to continue its dominance in terms of revenue during the forecast period. However, the type 5 segment is expected to manifest the highest CAGR of 20.3% from 2021 to 2030.

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Based on industry vertical, the retail segment held the highest share in 2020, accounting for around one-fifth of the global NFC tags market, and is expected to continue its leadership status during the forecast period. However, the medical and healthcare segment is estimated to register the fastest CAGR of 19.2% from 2021 to 2030.

Based on region, North America contributed to the highest market share in 2020, accounting for nearly two-fifths of the total share, and is projected to maintain its lead by 2030. However, Asia-Pacific is estimated to portray the largest CAGR of 17.3% during the forecast period.

Near Field Communication (NFC) Tags Market Chapters

CHAPTER 1:INTRODUCTION

CHAPTER 2:EXECUTIVE SUMMARY

CHAPTER 3:MARKET OVERVIEW

CHAPTER 4:NFC TAGS MARKET, BY TAG TYPES

CHAPTER 5:NFC TAGS MARKET, BY APPLICATION

CHAPTER 6:NFC TAGS MARKET, BY INDUSTRY VERTICAL

CHAPTER 7:NFC TAGS MARKET, BY REGION

CHAPTER 8:COMPETITIVE LANDSCAPE

8.1.Introduction

 Market Player Positioning, 2021

8.2.Product Mapping of Top 10 Player

8.3.Competitive Dashboard

8.4.Competitive Heatmap

8.5.Key Developments

 1.Product Launches

 2.Collaboration

 3.Acquisition

CHAPTER 9:COMPANY PROFILES