India Near Field Communication market is
expected to grow at a formidable rate during the forecast period. This can be
majorly attributed to the increasing use of smartphones for cashless
transactions. Near Field Communication is a technology which allows two devices
to share information related to various kinds when brought close enough to each
other. Any files or documents can be transferred between two users using NFC.
Moreover, payment information can be passed through a user’s mobile phone to a
receiving device that tracks the payment and approves it, which in turn makes
the cashless transactions convenient.
Based on product type, the country’s
NFC market is categorized into Non-Auxiliary Products and Auxiliary Products. The
non-auxiliary category includes NFC chip, NFC Tag, and NFC reader product
types. Whereas, auxiliary includes NFC-enabled sim and others. Among them, NFC
reader dominated the market until 2018 and is anticipated to maintain its
dominance in the upcoming years on the account of its high price as compared to
other product types generating much higher revenue. Based on Device Type, the market is segmented
into Smartphones & Tablets, Laptops & Personal Computers (PCs) and
Others. Smartphones are expected to account for the largest market share
because consumers are using their smartphones to make easier and faster
payments by simply connecting their devices with just a touch.
Leading market players in India near
field communication market are Nokia Corporation, NXP Semiconductors, Sony
Corporation, Infineon Technologies AG, YELDI Softcom, Marvell Technology Group
Ltd., Google Inc., Identive Group Inc., Gemalto NV, Mstar Semiconductor Inc.,
for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
Objective of the Study:
- To analyse and forecast the market size of India
near field communication market in terms of value.
- To forecast India near field communication market
based on product type, device operating mode, device type, application, end
user industry, distribution channel and regional distribution.
- To identify drivers and challenges for India near
field communication market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions etc. in India
near field communication market.
- To conduct the pricing analysis for India near
field communication market.
- To identify and analyse the profile of leading
players operating in the India near field communication market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of near field communication service providers across the globe.
Subsequently, TechSci Research conducted primary research surveys with the
identified companies. While interviewing, the respondents were also enquired
about their competitors. Through this technique, TechSci Research could include
the suppliers which could not be identified due to the limitations of secondary
research. TechSci Research analyzed the product types, application types and
presence of all major near field communication service providers across the
Research calculated India near field communication market size using a
bottom-up approach, where data for various end user industries and its
application across various product types were recorded and forecast for the
future years. TechSci Research sourced these values from the industry experts
and company representatives and externally validated through analyzing
historical data of these product types and applications for getting an
appropriate, overall market size. Various secondary sources such as company
website, news articles, press releases, company annual reports, investor
presentations and financial reports were also used by TechSci Research.
- Near Field Communication players and other
- Government bodies such as regulating
authorities and policy makers
- Organizations, forums and alliances related to
near field communication market
- Market research and consulting firms
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders. besides allowing
them in strategizing investments and capitalizing on market opportunities.
In this report, India near field communication market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
- Market, By Product Type:
- Market, By Device
- Reader Emulation
- Card Emulation
- Market, By Device
- Smartphones & Tablets
- Laptops & Personal Computers
- Market, By Application:
- Mobile/Contact Less Payment
- Information Sharing
- User Authentication & Access
- Monitoring Healthcare Systems
- Market, By End
- Market, By
- North Region
- West Region
- East Region
- South Region
Company Profiles: Detailed analysis of the major
companies present in India near field communication market.
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
analysis and profiling of additional market players (up to five).
Profit Margin Analysis
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margin analysis in case of direct and indirect sales channel.