Near Field Communication Market Gains Share in Automotive Connectivity

The global near field communication (NFC) market size was estimated at USD 30,850.9 million in 2024 and is projected to reach USD 61,226.7 million by 2030, growing at a CAGR of 12.3% from 2025 to 2030. A primary driver of this growth is the continued rise in the adoption of contactless payment solutions, which has significantly enhanced transaction convenience for consumers and businesses alike.

According to the Connected Experience Report published by SharpEnd in April 2024, organizations are preparing to increase their investments in NFC technology substantially. About 85% of surveyed brands indicated plans to integrate NFC into their products to deliver personalized and interactive experiences aimed at stronger brand engagement. The report also highlighted that the alcoholic beverages industry held the largest share of businesses utilizing NFC in marketing programs.

The growing global use of smartphones and frequent reliance on data transfer tools underscore the vital role of NFC in enabling secure and seamless exchange of files and documents. NFC technology stands out for its speed and efficiency, requiring only about 100 milliseconds to establish a stable connection—making it significantly superior to traditional communication alternatives. Furthermore, the modernization of the transportation sector, along with the development of smart ticketing solutions, has unlocked new opportunities for NFC adoption. These systems enable efficient access and ticketing in public transit networks, improving user convenience. For example, the Netherlands introduced the OVpay contactless payment system across its national public transport network in June 2023 in partnership with MasterCard. This system allows passengers to access buses, trains, and metro services using preferred contactless payment methods and is set to offer a subscription feature in the near future.

Key Market Trends & Insights

• North America accounted for the largest revenue share of 32.9% in the global NFC market in 2024.
• The United States held the dominant position within the North American market.
• The reader emulation segment contributed a revenue share of 40.8% in 2024.
• Card emulation emerged as the most lucrative type segment, projected to experience the fastest growth during the forecast period.

Order a free sample PDF of the Near Field Communication Market Intelligence Study, published by Grand View Research.

Market Size & Forecast

• 2024 Market Size: USD 30,850.9 Million
• 2030 Projected Market Size: USD 61,226.7 Million
• CAGR (2025–2030): 12.3%
• North America: Largest market in 2024
• Asia Pacific: Fastest growing region

Key Near Field Communication Company Insights

Several major players dominate the global NFC market, including Broadcom, Qualcomm Technologies, and STMicroelectronics.

• Broadcom is a global provider of semiconductor devices, operating through its Infrastructure Software and Semiconductor Solutions segments. The company offers products like set-top box SoCs, wireless LAN SoCs, RF devices, and fiber optic components.
• QUALCOMM develops and commercializes wireless technologies across its three segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI). Its QCT division produces ICs and software used in wireless communications, computing, multimedia, networking, and location services.

Leading Companies in the NFC Market:

• NXP Semiconductors
• Broadcom
• Qualcomm Technologies, Inc.
• SAMSUNG
• Texas Instruments Incorporated
• STMicroelectronics
• Infineon Technologies AG
• Sony Corporation
• com
• Apple Inc.

Explore Horizon Databook – The world's most expansive market intelligence platform developed by Grand View Research.

Conclusion

The near field communication market is poised for robust growth, driven by widespread contactless payment adoption, rising smartphone usage, and innovations in transportation systems. The increasing integration of NFC in brand strategies for customer engagement and the rapid digitalization of public infrastructure further reinforce its value proposition. With strong participation from key technology companies and expanding applications across industries, NFC is set to become an essential pillar of the global digital ecosystem.