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In 2016, Apple Pay into China, the mobile phone card, Huawei inSE and Qualcomm acquired NXP are all subversive events in the field of NFC. Mobile payments for mobile phones and wearable devices have rekindled the NFC market and the market will continue to grow substantially in the future. This technology magazine will interpret NFC technology from the perspectives of technology, market and technology development, hoping to help engineers to develop better products.
NFC (Near Field CommunicaTIon) Near field communication technology, also known as short-range wireless communication, is a short-range, high-frequency wireless communication technology that allows contactless point-to-point data transmission (within 10 cm) of electronic devices to exchange data . The technology evolved from contactless radio frequency identification (RFID) and backward compatible with RFID.
Like RFID, NFC messages are also transmitted through the electromagnetic induction coupling of the radio frequencies in the spectrum. NFC exchanges data between backup devices via point-to-point data transfer (within 10 cm). This mode is similar to infrared and can be used for data exchange, but with shorter transmission distance, faster transmission creation, faster transmission speed and lower power consumption.
Research and Markets released "2024 NFC Market Analysis Forecast" report. The report predicts that by 2024 the global NFC market will reach 47.43 billion US dollars. The report notes that due to the popularity of smartphones in developing countries, the industry will see substantial growth over the forecast period. Research shows that the popularity of mobile payment services will drive the growth of point-of-sale (POS) devices.
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