MarketResearch.com has released a new report predicting that approximately 46% of all mobile phones will be NFC-enabled by 2016 – up from just 5% in 2011.
According to the report, “Near Field Communication Market Global Forecast &Analysis (2011-2016) By Products,” the NFC applications market will grow “exponentially” alongside the handset market, with revenues jumping from $7,686 million in 2011 to $34,515 million by 2016 at an estimated CAGR of 35%. This growth will be driven by the mobile payments segment, followed by the ticketing and access control.
The NFC market is almost evenly distributed among North America, Europe, and APAC, finds MR.com. North America and Europe are the major contributors in the NFC chips market with combined share of more than 60%. APAC, the fastest growing region, is catching up and had almost one fourth of the share of the total chips market in 2011.
The major players that provide chips and controllers for the NFC products are NXP Semiconductors, Broadcom, and Renesas, according to the report.
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