Near Field Communication (NFC) Tags Market: Global Opportunity Analysis and Industry Forecast, 2021–2030

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Near Field Communication (NFC) Tags Market
The near field communication (NFC) tags market
in Asia-Pacific is expected to witness growth at
the highest rate during the forecast period,
owing to high investment in the transportation,
and automotive sector. Moreover, economically
developed nations tend to witness high
penetration of NFC tags products in the banking
finance sector, which is projected to
significantly contribute toward the growth of the
market.
Asavari PatilLead Analyst, Semiconductor and
Electronics
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Near Field Communication (NFC) Tags Market
According to a new report published by Allied
Market Research, titled, Near Field
Communication (NFC) Tags Market by Tag Types,
Application, and Industry Vertical Global
Opportunity Analysis and Industry Forecast,
20212030, the global near field communication
(NFC) tags market size was valued at 3.80
billion in 2020, and is projected to reach 15.58
billion by 2030, registering a CAGR of 15.6.
Asia-Pacific is expected to be the leading
contributor toward the global market during the
forecast period, followed by Europe and LAMEA.
   NFC (Near field communication) tag are RFID
transponders which consist of antenna, IC
(integrated circuits), PET (Polyethylene
terephthalate) substrate, adhesive package and
release liner. In these NFC tags, IC contains
unique ID a part of rewritable memory, and
antenna permits the IC to interact with an NFC
scanner/reader, like an NFC smartphone.
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Near Field Communication (NFC) Tags Market
The growth of the global Near field communication
(NFC) tags market is anticipated to be driven by
factors such as rising popularity for NFC
tag-based payment, and growing penetration of
NFC-enabled mobile phones. In addition, growth in
need for convenient transfer and security of data
boosts the overall market growth. However, the
availability of alternatives to NFC tag act as
major restraints of the global NFC tags industry.
On the contrary, high demand from Asia-Pacific
region, is expected to create lucrative
opportunities for the NFC tags industry. The key
players of the market focus on introducing
technologically advanced products to remain
competitive in the market. Product launch,
collaboration, and acquisition are expected to be
the prominent strategies adopted by the market
players. North America accounted for a major
share of the market in 2020, owing to the
presence of major players in the region. However,
Asia-Pacific is expected to grow at the highest
CAGR, owing to rise in adoption of NFC tags in a
variety of fields.
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Near Field Communication (NFC) Tags Market

• Key Benefits For Stakeholders
• This study comprises analytical depiction of the
  global near field communication (NFC) tags market
  along with the current trends and future
  estimations to depict the imminent investment
  pockets.
• The overall near field communication (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 near field communication (NFC) tags
  market forecast is quantitatively analyzed from
  2020 to 2030 to benchmark the financial
  competency. 
• Porters five forces analysis illustrates the
  potency of the buyers and the near field
  communication (NFC) tags market share of key
  vendors.

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Near Field Communication (NFC) Tags Market

• Major Companies
• Broadcom Inc.
• Identiv Inc.
• Infineon Technologies
• NXP Semiconductors
• Qualcomm Technologies, Inc.
• Samsung Electronics Co. Ltd.
• Sony Corporation
• STMicroelectronics
• Texas Instruments Incorporated
• Thales Group

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Near Field Communication (NFC) Tags Market
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