Near Field Communication (NFC) Forecasts Revised Downward, But Long Term Prospects Still Bright

The worldwide market for contactless technology in transportation ticketing and contactless payments grew more than 15 percent in 2007, as the technology made greater inroads into consumers’ lives around the world. The market now stands at a value of more than $200 million but will reach more than $820 million by 2013.

Positive growth in contactless card rollouts took place during the last half of 2007, while the uptake of contactless capabilities in mobile handsets – dubbed NFC (Near Field Communication) – continued to be stymied by difficulties in bringing the technology to the consumer market. Accordingly, NFC handsets did not ship in any volume toward the end of 2007 and the market will remain limited for the first half of 2008. ABI Research now believes there will be longer than anticipated delays to NFC deployments and has again adjusted its latest quarter and next annual figures accordingly. However given the strength and interest among carriers around the world for NFC, the long-term forecasts remain unchanged.

How is the worldwide mobile and contactless commerce RFID market expected to grow by 2012?

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What will the ASP of NFC chipsets be each year to 2012?

Contactless Commerce Forecasts

This Market Data product is part of the Mobile and Contactless Commerce Research Service

Here the user can find extensive data on contactless revenues, segmented by application, merchant, and issuer. Transponder (tag) ASP, shipments and revenue data are organized by application environment (bakery/coffee, big box retailer, convenience store, entertainment, gas stations, parking, pharmacy, quick serve restaurant [QSR], transit, etc.) The database provides information on transponder IC shipments, broken down by frequency and by region. Other breakdowns of transponder shipments and ASP include regional, operating frequency and functionality. Reader shipments and revenue are available by region, by operating frequency, by application and by form factor, including integrated, standalone, and handheld. Finally, the database presents information about contactless payment software revenue, sorted by region and by application.