The Latin America, Middle East and Africa Near Field Communication (NFC) Market would witness market growth of 14.6% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Near Field Communication (NFC) Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,212.6 million by 2031. The Argentina market is expected to witness a CAGR of 16.1% during (2024 - 2031). Additionally, The UAE market is expected to witness a CAGR of 13.7% during (2024 - 2031).
NFC technology has been adopted across various sectors, driven by its ease of use, security features, and growing consumer demand for seamless, contactless experiences. The adoption rate varies depending on the region, industry, and specific use case. One of the major drivers of NFC adoption is its integration into smartphones and consumer electronics. Nearly all smartphones released in the past decade have built-in NFC functionality, enabling users to make mobile payments, access public transportation, and interact with NFC-enabled products. The growing number of NFC-enabled devices has accelerated the technology’s adoption across various applications, from mobile payments to smart home control.
Retailers and financial institutions have embraced NFC for contactless payments due to the growing demand for quicker, more convenient payment methods. The trend towards cashless societies has further fueled NFC adoption. With major payment processors such as Visa, Mastercard, and American Express supporting NFC payments, consumers and merchants have quickly adapted to this technology.
In the UAE, the fintech sector’s rapid growth is further fueling the demand for NFC technology. With the UAE leading the MENA region’s fintech landscape, the country has attracted significant investments from global financial institutions targeting payments, capital markets, and cybersecurity. NFC technology, which enables secure and fast contactless payments, is central to the UAE’s push towards a cashless society. As the number of fintech companies in the region continues to rise, NFC-enabled payment solutions are becoming more integrated into daily transactions. From mobile phones to contactless cards and wearable devices, NFC plays a pivotal role in transforming the financial ecosystem, making payments faster, safer, and more convenient for consumers and businesses. Thus, the rising fintech industry and increasing healthcare expenditure in the region propel the market's growth.
Free Valuable Insights: The Worldwide Near Field Communication (NFC) Market is Projected to reach USD 66.0 Billion by 2031, at a CAGR of 12.0%
Based on Device Operating Mode, the market is segmented into Reader Emulation, Card Emulation, and Peer-to-peer. Based on Offering, the market is segmented into Non-auxiliary Products (NFC Tags, NFC ICs & Antennas, and NFC Readers), Auxiliary Products (NFC Micro-SD Cards, NFC SIM/UICC Cards, and NFC Covers), and Software. Based on Application, the market is segmented into Retail, Transportation, Automotive, Consumer Electronics, BFSI, Medical & Healthcare, Residential & Commercial, Hospitality, and Other Application. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- NXP Semiconductors N.V.
- Broadcom, Inc.
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- Samsung Electronics Co., Ltd. (Samsung Group)
- Texas Instruments, Inc.
- STMicroelectronics N.V.
- Infineon Technologies AG
- Sony Corporation
- Toshiba Corporation
- Apple, Inc.
LAMEA Near Field Communication (NFC) Market Report Segmentation
By Device Operating Mode
- Reader Emulation
- Card Emulation
- Peer-to-peer
By Offering
- Non-auxiliary Products
- NFC Tags
- NFC ICs & Antennas
- NFC Readers
- Auxiliary Products
- NFC Micro-SD Cards
- NFC SIM/UICC Cards
- NFC Covers
- Software
By Application
- Retail
- Transportation
- Automotive
- Consumer Electronics
- BFSI
- Medical & Healthcare
- Residential & Commercial
- Hospitality
- Other Application
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
TABLE 1 LAMEA Near Field Communication (NFC) Market, 2020 - 2023, USD Million
TABLE 2 LAMEA Near Field Communication (NFC) Market, 2024 - 2031, USD Million
TABLE 3 LAMEA Near Field Communication (NFC) Market by Device Operating Mode, 2020 - 2023, USD Million
TABLE 4 LAMEA Near Field Communication (NFC) Market by Device Operating Mode, 2024 - 2031, USD Million
TABLE 5 LAMEA Reader Emulation Market by Country, 2020 - 2023, USD Million
TABLE 6 LAMEA Reader Emulation Market by Country, 2024 - 2031, USD Million
TABLE 7 LAMEA Card Emulation Market by Country, 2020 - 2023, USD Million
TABLE 8 LAMEA Card Emulation Market by Country, 2024 - 2031, USD Million
TABLE 9 LAMEA Peer-to-peer Market by Country, 2020 - 2023, USD Million
TABLE 10 LAMEA Peer-to-peer Market by Country, 2024 - 2031, USD Million
TABLE 11 LAMEA Near Field Communication (NFC) Market by Offering, 2020 - 2023, USD Million
TABLE 12 LAMEA Near Field Communication (NFC) Market by Offering, 2024 - 2031, USD Million
TABLE 13 LAMEA Non-auxiliary Products Market by Country, 2020 - 2023, USD Million
TABLE 14 LAMEA Non-auxiliary Products Market by Country, 2024 - 2031, USD Million
TABLE 15 LAMEA Near Field Communication (NFC) Market by Non-auxiliary Products Type, 2020 - 2023, USD Million
TABLE 16 LAMEA Near Field Communication (NFC) Market by Non-auxiliary Products Type, 2024 - 2031, USD Million
TABLE 17 LAMEA NFC Tags Market by Country, 2020 - 2023, USD Million
TABLE 18 LAMEA NFC Tags Market by Country, 2024 - 2031, USD Million
TABLE 19 LAMEA NFC ICs & Antennas Market by Country, 2020 - 2023, USD Million
TABLE 20 LAMEA NFC ICs & Antennas Market by Country, 2024 - 2031, USD Million
TABLE 21 LAMEA NFC Readers Market by Country, 2020 - 2023, USD Million
TABLE 22 LAMEA NFC Readers Market by Country, 2024 - 2031, USD Million
TABLE 23 LAMEA Auxiliary Products Market by Country, 2020 - 2023, USD Million
TABLE 24 LAMEA Auxiliary Products Market by Country, 2024 - 2031, USD Million
TABLE 25 LAMEA Near Field Communication (NFC) Market by Auxiliary Products Type, 2020 - 2023, USD Million
TABLE 26 LAMEA Near Field Communication (NFC) Market by Auxiliary Products Type, 2024 - 2031, USD Million
TABLE 27 LAMEA NFC Micro-SD Cards Market by Country, 2020 - 2023, USD Million
TABLE 28 LAMEA NFC Micro-SD Cards Market by Country, 2024 - 2031, USD Million
TABLE 29 LAMEA NFC SIM/UICC Cards Market by Country, 2020 - 2023, USD Million
TABLE 30 LAMEA NFC SIM/UICC Cards Market by Country, 2024 - 2031, USD Million
TABLE 31 LAMEA NFC Covers Market by Country, 2020 - 2023, USD Million
TABLE 32 LAMEA NFC Covers Market by Country, 2024 - 2031, USD Million
TABLE 33 LAMEA Software Market by Country, 2020 - 2023, USD Million
TABLE 34 LAMEA Software Market by Country, 2024 - 2031, USD Million
TABLE 35 LAMEA Near Field Communication (NFC) Market by Application, 2020 - 2023, USD Million
TABLE 36 LAMEA Near Field Communication (NFC) Market by Application, 2024 - 2031, USD Million
TABLE 37 LAMEA Retail Market by Country, 2020 - 2023, USD Million
TABLE 38 LAMEA Retail Market by Country, 2024 - 2031, USD Million
TABLE 39 LAMEA Transportation Market by Country, 2020 - 2023, USD Million
TABLE 40 LAMEA Transportation Market by Country, 2024 - 2031, USD Million
TABLE 41 LAMEA Automotive Market by Country, 2020 - 2023, USD Million
TABLE 42 LAMEA Automotive Market by Country, 2024 - 2031, USD Million
TABLE 43 LAMEA Consumer Electronics Market by Country, 2020 - 2023, USD Million
TABLE 44 LAMEA Consumer Electronics Market by Country, 2024 - 2031, USD Million
TABLE 45 LAMEA BFSI Market by Country, 2020 - 2023, USD Million
TABLE 46 LAMEA BFSI Market by Country, 2024 - 2031, USD Million
TABLE 47 LAMEA Medical & Healthcare Market by Country, 2020 - 2023, USD Million
TABLE 48 LAMEA Medical & Healthcare Market by Country, 2024 - 2031, USD Million
TABLE 49 LAMEA Residential & Commercial Market by Country, 2020 - 2023, USD Million
TABLE 50 LAMEA Residential & Commercial Market by Country, 2024 - 2031, USD Million
TABLE 51 LAMEA Hospitality Market by Country, 2020 - 2023, USD Million
TABLE 52 LAMEA Hospitality Market by Country, 2024 - 2031, USD Million
TABLE 53 LAMEA Other Application Market by Country, 2020 - 2023, USD Million
TABLE 54 LAMEA Other Application Market by Country, 2024 - 2031, USD Million
TABLE 55 LAMEA Near Field Communication (NFC) Market by Country, 2020 - 2023, USD Million
TABLE 56 LAMEA Near Field Communication (NFC) Market by Country, 2024 - 2031, USD Million
TABLE 57 Brazil Near Field Communication (NFC) Market, 2020 - 2023, USD Million
TABLE 58 Brazil Near Field Communication (NFC) Market, 2024 - 2031, USD Million
TABLE 59 Brazil Near Field Communication (NFC) Market by Device Operating Mode, 2020 - 2023, USD Million
TABLE 60 Brazil Near Field Communication (NFC) Market by Device Operating Mode, 2024 - 2031, USD Million
TABLE 61 Brazil Near Field Communication (NFC) Market by Offering, 2020 - 2023, USD Million
TABLE 62 Brazil Near Field Communication (NFC) Market by Offering, 2024 - 2031, USD Million
TABLE 63 Brazil Near Field Communication (NFC) Market by Non-auxiliary Products Type, 2020 - 2023, USD Million
TABLE 64 Brazil Near Field Communication (NFC) Market by Non-auxiliary Products Type, 2024 - 2031, USD Million
TABLE 65 Brazil Near Field Communication (NFC) Market by Auxiliary Products Type, 2020 - 2023, USD Million
TABLE 66 Brazil Near Field Communication (NFC) Market by Auxiliary Products Type, 2024 - 2031, USD Million
TABLE 67 Brazil Near Field Communication (NFC) Market by Application, 2020 - 2023, USD Million
TABLE 68 Brazil Near Field Communication (NFC) Market by Application, 2024 - 2031, USD Million
TABLE 69 Argentina Near Field Communication (NFC) Market, 2020 - 2023, USD Million
TABLE 70 Argentina Near Field Communication (NFC) Market, 2024 - 2031, USD Million
TABLE 71 Argentina Near Field Communication (NFC) Market by Device Operating Mode, 2020 - 2023, USD Million
TABLE 72 Argentina Near Field Communication (NFC) Market by Device Operating Mode, 2024 - 2031, USD Million
TABLE 73 Argentina Near Field Communication (NFC) Market by Offering, 2020 - 2023, USD Million
TABLE 74 Argentina Near Field Communication (NFC) Market by Offering, 2024 - 2031, USD Million
TABLE 75 Argentina Near Field Communication (NFC) Market by Non-auxiliary Products Type, 2020 - 2023, USD Million
TABLE 76 Argentina Near Field Communication (NFC) Market by Non-auxiliary Products Type, 2024 - 2031, USD Million
TABLE 77 Argentina Near Field Communication (NFC) Market by Auxiliary Products Type, 2020 - 2023, USD Million
TABLE 78 Argentina Near Field Communication (NFC) Market by Auxiliary Products Type, 2024 - 2031, USD Million
TABLE 79 Argentina Near Field Communication (NFC) Market by Application, 2020 - 2023, USD Million
TABLE 80 Argentina Near Field Communication (NFC) Market by Application, 2024 - 2031, USD Million
TABLE 81 UAE Near Field Communication (NFC) Market, 2020 - 2023, USD Million
TABLE 82 UAE Near Field Communication (NFC) Market, 2024 - 2031, USD Million
TABLE 83 UAE Near Field Communication (NFC) Market by Device Operating Mode, 2020 - 2023, USD Million
TABLE 84 UAE Near Field Communication (NFC) Market by Device Operating Mode, 2024 - 2031, USD Million
TABLE 85 UAE Near Field Communication (NFC) Market by Offering, 2020 - 2023, USD Million
TABLE 86 UAE Near Field Communication (NFC) Market by Offering, 2024 - 2031, USD Million
TABLE 87 UAE Near Field Communication (NFC) Market by Non-auxiliary Products Type, 2020 - 2023, USD Million
TABLE 88 UAE Near Field Communication (NFC) Market by Non-auxiliary Products Type, 2024 - 2031, USD Million
TABLE 89 UAE Near Field Communication (NFC) Market by Auxiliary Products Type, 2020 - 2023, USD Million
TABLE 90 UAE Near Field Communication (NFC) Market by Auxiliary Products Type, 2024 - 2031, USD Million
TABLE 91 UAE Near Field Communication (NFC) Market by Application, 2020 - 2023, USD Million
TABLE 92 UAE Near Field Communication (NFC) Market by Application, 2024 - 2031, USD Million
TABLE 93 Saudi Arabia Near Field Communication (NFC) Market, 2020 - 2023, USD Million
TABLE 94 Saudi Arabia Near Field Communication (NFC) Market, 2024 - 2031, USD Million
TABLE 95 Saudi Arabia Near Field Communication (NFC) Market by Device Operating Mode, 2020 - 2023, USD Million
TABLE 96 Saudi Arabia Near Field Communication (NFC) Market by Device Operating Mode, 2024 - 2031, USD Million
TABLE 97 Saudi Arabia Near Field Communication (NFC) Market by Offering, 2020 - 2023, USD Million
TABLE 98 Saudi Arabia Near Field Communication (NFC) Market by Offering, 2024 - 2031, USD Million
TABLE 99 Saudi Arabia Near Field Communication (NFC) Market by Non-auxiliary Products Type, 2020 - 2023, USD Million
TABLE 100 Saudi Arabia Near Field Communication (NFC) Market by Non-auxiliary Products Type, 2024 - 2031, USD Million
TABLE 101 Saudi Arabia Near Field Communication (NFC) Market by Auxiliary Products Type, 2020 - 2023, USD Million
TABLE 102 Saudi Arabia Near Field Communication (NFC) Market by Auxiliary Products Type, 2024 - 2031, USD Million
TABLE 103 Saudi Arabia Near Field Communication (NFC) Market by Application, 2020 - 2023, USD Million
TABLE 104 Saudi Arabia Near Field Communication (NFC) Market by Application, 2024 - 2031, USD Million
TABLE 105 South Africa Near Field Communication (NFC) Market, 2020 - 2023, USD Million
TABLE 106 South Africa Near Field Communication (NFC) Market, 2024 - 2031, USD Million
TABLE 107 South Africa Near Field Communication (NFC) Market by Device Operating Mode, 2020 - 2023, USD Million
TABLE 108 South Africa Near Field Communication (NFC) Market by Device Operating Mode, 2024 - 2031, USD Million
TABLE 109 South Africa Near Field Communication (NFC) Market by Offering, 2020 - 2023, USD Million
TABLE 110 South Africa Near Field Communication (NFC) Market by Offering, 2024 - 2031, USD Million
TABLE 111 South Africa Near Field Communication (NFC) Market by Non-auxiliary Products Type, 2020 - 2023, USD Million
TABLE 112 South Africa Near Field Communication (NFC) Market by Non-auxiliary Products Type, 2024 - 2031, USD Million
TABLE 113 South Africa Near Field Communication (NFC) Market by Auxiliary Products Type, 2020 - 2023, USD Million
TABLE 114 South Africa Near Field Communication (NFC) Market by Auxiliary Products Type, 2024 - 2031, USD Million
TABLE 115 South Africa Near Field Communication (NFC) Market by Application, 2020 - 2023, USD Million
TABLE 116 South Africa Near Field Communication (NFC) Market by Application, 2024 - 2031, USD Million
TABLE 117 Nigeria Near Field Communication (NFC) Market, 2020 - 2023, USD Million
TABLE 118 Nigeria Near Field Communication (NFC) Market, 2024 - 2031, USD Million
TABLE 119 Nigeria Near Field Communication (NFC) Market by Device Operating Mode, 2020 - 2023, USD Million
TABLE 120 Nigeria Near Field Communication (NFC) Market by Device Operating Mode, 2024 - 2031, USD Million
TABLE 121 Nigeria Near Field Communication (NFC) Market by Offering, 2020 - 2023, USD Million
TABLE 122 Nigeria Near Field Communication (NFC) Market by Offering, 2024 - 2031, USD Million
TABLE 123 Nigeria Near Field Communication (NFC) Market by Non-auxiliary Products Type, 2020 - 2023, USD Million
TABLE 124 Nigeria Near Field Communication (NFC) Market by Non-auxiliary Products Type, 2024 - 2031, USD Million
TABLE 125 Nigeria Near Field Communication (NFC) Market by Auxiliary Products Type, 2020 - 2023, USD Million
TABLE 126 Nigeria Near Field Communication (NFC) Market by Auxiliary Products Type, 2024 - 2031, USD Million
TABLE 127 Nigeria Near Field Communication (NFC) Market by Application, 2020 - 2023, USD Million
TABLE 128 Nigeria Near Field Communication (NFC) Market by Application, 2024 - 2031, USD Million
TABLE 129 Rest of LAMEA Near Field Communication (NFC) Market, 2020 - 2023, USD Million
TABLE 130 Rest of LAMEA Near Field Communication (NFC) Market, 2024 - 2031, USD Million
TABLE 131 Rest of LAMEA Near Field Communication (NFC) Market by Device Operating Mode, 2020 - 2023, USD Million
TABLE 132 Rest of LAMEA Near Field Communication (NFC) Market by Device Operating Mode, 2024 - 2031, USD Million
TABLE 133 Rest of LAMEA Near Field Communication (NFC) Market by Offering, 2020 - 2023, USD Million
TABLE 134 Rest of LAMEA Near Field Communication (NFC) Market by Offering, 2024 - 2031, USD Million
TABLE 135 Rest of LAMEA Near Field Communication (NFC) Market by Non-auxiliary Products Type, 2020 - 2023, USD Million
TABLE 136 Rest of LAMEA Near Field Communication (NFC) Market by Non-auxiliary Products Type, 2024 - 2031, USD Million
TABLE 137 Rest of LAMEA Near Field Communication (NFC) Market by Auxiliary Products Type, 2020 - 2023, USD Million
TABLE 138 Rest of LAMEA Near Field Communication (NFC) Market by Auxiliary Products Type, 2024 - 2031, USD Million
TABLE 139 Rest of LAMEA Near Field Communication (NFC) Market by Application, 2020 - 2023, USD Million
TABLE 140 Rest of LAMEA Near Field Communication (NFC) Market by Application, 2024 - 2031, USD Million
TABLE 141 Key Information – NXP Semiconductors N.V.
TABLE 142 Key Information – Broadcom, Inc.
TABLE 143 Key Information – Qualcomm Incorporated
TABLE 144 Key Information – Samsung Electronics Co., Ltd.
TABLE 145 Key Information – Texas Instruments, Inc.
TABLE 146 Key Information – STMicroelectronics N.V.
TABLE 147 Key Information – Infineon Technologies AG
TABLE 148 Key Information – Sony Corporation
TABLE 149 Key Information – Toshiba Corporation
TABLE 150 Key Information – Apple, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Near Field Communication (NFC) Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Near Field Communication (NFC)Market
FIG 4 Market Share Analysis, 2023
FIG 5 Porter’s Five Forces Analysis – Near Field Communication Market
FIG 6 LAMEA Near Field Communication (NFC) Market share by Device Operating Mode, 2023
FIG 7 LAMEA Near Field Communication (NFC) Market share by Device Operating Mode, 2031
FIG 8 LAMEA Near Field Communication (NFC) Market by Device Operating Mode, 2020 - 2031, USD Million
FIG 9 LAMEA Near Field Communication (NFC) Market share by Offering, 2023
FIG 10 LAMEA Near Field Communication (NFC) Market share by Offering, 2031
FIG 11 LAMEA Near Field Communication (NFC) Market by Offering, 2020 - 2031, USD Million
FIG 12 LAMEA Near Field Communication (NFC) Market share by Application, 2023
FIG 13 LAMEA Near Field Communication (NFC) Market share by Application, 2031
FIG 14 LAMEA Near Field Communication (NFC) Market by Application, 2020 - 2031, USD Million
FIG 15 LAMEA Near Field Communication (NFC) Market share by Country, 2023
FIG 16 LAMEA Near Field Communication (NFC) Market share by Country, 2031
FIG 17 LAMEA Near Field Communication (NFC) Market by Country, 2020 - 2031, USD Million
FIG 18 SWOT Analysis: NXP Semiconductors N.V.
FIG 19 SWOT Analysis: Broadcom, Inc.
FIG 20 SWOT Analysis: QUALCOMM Incorporated
FIG 21 SWOT Analysis: Samsung Electronics Co., Ltd.
FIG 22 SWOT Analysis: Texas Instruments, Inc.
FIG 23 SWOT Analysis: STMicroelectronics N.V.
FIG 24 Recent strategies and developments: Infineon Technologies AG
FIG 25 SWOT Analysis: Infineon Technologies AG
FIG 26 SWOT Analysis: Sony Corporation
FIG 27 SWOT Analysis: Toshiba International Corporation
FIG 28 SWOT Analysis: Apple, Inc.