Market Highlights:
Near-field communication (NFC) is a set of short-range communication protocols that enable two electronic devices to establish communication. NFC technologies have advantages aspects of data sharing and payment. NFC system market has high growth prospects owing to the increasing need for connectivity between different devices and technological advancement in the NFC systems. Additionally, increasing demand for smart appliances from the developing economies expected to fuel the market growth during the forecasted period. The market study is being classified by Type (Principle Products [NFC Tags, NFC Readers, NFC IC/Chips] and Auxiliary Products), by Application (Data Sharing, Payment Making, Tag Applications, Banking Operations and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).

Key Players:
The prominent players in the NFC Systems are NXP Semiconductors (Netherland), Broadcom Corporation (United States), STMicroelectronics NV (Switzerland), MediaTek, Inc. (Taiwan), Renesas Electronics Corporation (Japan), Gemalto NV (Netherlands), Texas Instruments (United States) and Infineon Technologies (Germany).

21st June 2019, Apple announced to release its iOS 13 operating system for iPads and iPhones with NFC functionality at the World Wide Developers Conference (WWDC).

Key Questions Answered in the Report
What will the NFC Systems Market size and the growth rate be in Future?
What are the key factors driving the NFC Systems Market?
What are the key market trends and macro-economic impacting the growth of the NFC Systems Market?
What are the challenges to market growth?
Who are the key vendors in the NFC Systems Market?
What are the market opportunities and threats faced by the vendors in the NFC Systems Market?
Trending factors influencing the market shares of the Players.
What are the key outcomes of the five forces analysis of the NFC Systems Market?

Refer complete Table of Content of NFC Systems Market Study

Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global NFC Systems market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in NFC Systems market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes NFC Systems Providers, Electronic Component Providers, Technology Providers, Potential Investors, Government and Research Organizations, Trade Associations and Industry Bodies and Others.
This helps us to gather the data for the players’ revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.