NFC Enabled Headsets Market shall reach a value of $2x61.4 Million in 2027, growing with a CAGR of 12.13% during the forecast period of 2020 to 2027.
NFC Enabled Headsets Market Growth and Trends
The NFC Enables Headset market is expected to grow from an amount of USD 18.0 billion in 2020 to USD 34.9 billion by 2025, at a Compound annual growth rate of 14.2%. Its base year was 2015 with a value of USD 4.80 Billion.Furthermore, it is anticipated to grow at a compound annual growth rate of over 17% by the end of the forecast period with a predicted value of USD 30 Billion in 2023. Along with the many new strategies and diversification of ideas brought forward, the market is expected to suffer no declinations till it straightaway reaches the forecast horizon.
The key factors driving the growth of this market include:
• The increasing trend of mobile e-commerce
• The escalating adoption of wearable technology. This includes the increasing mobile penetration rate with improvised payment infrastructures with undisturbed data connectivity. This is also known to be an extremely rapid factor increasing the market growth
• Modernization in smart phone technology during the last decade thus, enabling smartphone users to facilitate their utilization using the NFC market
• The ability to provide Easy and flexible data transfer facilities for mobile users
• Increased collaborations of financial institutes working to develop mobile applications so that consumers can easily carry out their transactions without having to travel or any delays
• The ability to carry out in-store payments and wider access facilities to the mass transportation system along with commercial buildings
• Increasing online services in the e-commerce sector for consumers that enables faster efficiency via the NFC Enabled headsets market
• Stronger support systems for organizations working under mobile technology manufacturing with enhanced productivity with comparison to any other market thus, gaining a better financial stability
• An enhanced drive for security issue resolutions because of which the utilization of NFC s will evolve
• Enterprises and industries developing on high scale around the world ensuring implementation
• The rising necessity for lowering costs of ownership and raising the convenience in all industries
• Consumers establishing higher investments on the developing market to get the ideal experiences for mobile technology
• Adoption of digitalization via methods like using digital wallets, new apps that have driven the non-payment basis technology firms to walk into the payment market that is anticipated to drive the growth of the NFC Headset market further
• Innovation of technology-based devices in rural areas as well to promote the market on a wider scale that has contributed to the market’s growth
• The ability to allow consumers to make cashless payments through digital modes and services that furthermore raises the demand for connectivity between these devices sharing data and networks using online platforms instead of in-store payments that is more reliable
• The rising growth of healthcare from home and remote patient monitoring equipment in diversity
• Increasing adoption of contactless payments and authentication that drives the market further
• Rising integration of hardware in phones because of which it helps the market to get traction in the field of medicine and health record maintenance
• The ability for users to manipulate others through the development of software industry-wise ensuring the further growth in the market
Challenges:
Some challenges faced by the NFC Headset market includes:
• Short-range communication glitches that restrains the whole market economic growth rate. This is a major drawback over other markets because NFC s require a distance of 4cm or less to function which is impossible and unreliable at meeting most of the consumer needs
• Lack of integration by most businesses using this market thus, NFC users will not be able to redeem rewards, points for any card payments in stores because of sole-online basis. This largely brings down the market expansion because consumers from rural regions prefer cash payments over cashless
• Less security driven. A major risk being the risk of being hacked. With the rising development of mobile phones and other automated devices those would be highly vulnerable to risks of viruses or fraudulent data transactions. Thus, hackers will increase the likelihood of hacking and gaining access to infrequently accessed computers with yet a lot of vital data sources because it is easier for hackers to steal a lot of information from one device all together without hacking several devices. This will largely decline the growth in the NFC Headsets market while also causing inconvenience, unwanted risks to the data of consumers thus, making the conventional NFC-less industries the ideal preference where data Is kept safe.
NFC Enabled Headsets Industry Regional Analysis
NFC Enabled Headsets Market Research Report Scope/Definition
For this market research, NFC-enabled headsets are defined as devices that easily pair their smartphone devices and headphones. Near Field Community (NFC) is a technology developed that ensures a Bluetooth device can establish wireless communication with another Bluetooth device by only requiring both the devices to come into contact. Connectivity is a vital factor in technologically advanced environments, and therefore the one great benefit of NFC-enabled headsets is the ease of connectivity. NFC connectivity has made it easy to connect your NFC wireless headphone to your mobile device or media player with just a tap. The increased popularity of mobile devices and the growing number of online gamers are expected to drive NFC-enabled headsets and devices. Additionally, the growing consumer tendency towards more attractive, simple, and better-styled headphones are expected to improve NFC sale-enabled earphones and headphones further.
NFC Enabled Headsets Market Share and Competition
Key companies operating in this industry are: NXP Semiconductors, Broadcom, Qualcomm, STMicroelectronics, Thales Group, Infineon Technologies, Sony, ams, Flomio, Identive, HID Global, MagTek, and Avery Dennison.
NFC Enabled Headsets Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Device Operating Mood Analysis (Revenue, USD Million, 2021 - 2028)
• Reader Emulation
• Peer-To-Peer
• Card Emulation
Offering Analysis (Revenue, USD Million, 2021 - 2028)
• Non- Auxiliary Products (NFC ICS & Antennas, NFC Tags, NFC Readers)
• Auxiliary Products (NFC Micro SD Cards, NFC SIM /UICC Cards, NFC Covers)
• Software
Application Analysis (Revenue, USD Million, 2021 - 2028)
• Retail (Access Control, Product Identification, Transaction)
• Transportation (Ticketing, Access Control)
• Automotive (Low-end, Mid-range, High-end)
• Residential & Commercial (Physical Access, Time & Attendance, Automated Locking System, Smart Lighting)
• Medical & Healthcare (Medical Devices, Access Control)
• Consumer Electronics (Wearable Devices, Mobile Phones/Tablets, Laptops/Personal Computers, Cameras, Printers, Gaming Devices, Others)
• Banking & Finance (E-Money Services (POS Machines), Multiforex Cards
• Hospitality (Access Control, Transaction)
• Others (Education, Government)
Region Analysis (Revenue, USD Million, 2021 - 2028)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
NFC Enabled Headsets Industry Companies
• NXP Semiconductors
• Broadcom
• Qualcomm
• STMicroelectronics
• Thales Group
• Infineon Technologies
• Sony
• ams
• Flomio
• Identive
• HID Global
• MagTek
• Avery Dennison
Available Versions of NFC Enabled Headsets Market: -
United States Industry Research Report
Europe Industry Research Report
Asia Pacific Industry Research Report
India Industry Research Report
