Why The Near Field Communication Market Is About To Grow?
Near field communication (NFC) is a wireless technology, which uses radio waves to enable devices to exchange a small amount of data over a very short distance. NFC is similar to Bluetooth or Wi-Fi, however, with a much shorter range, that is, 10 centimeters (4 inches). In addition, it establishes connection almost instantaneously and doesn’t require a cumbersome set process, unlike Bluetooth and Wi-Fi. NFC also needs less power than Bluetooth and Wi-Fi.
NFC has evolved from an older wireless protocol called radio-frequency identification (RFID), which functions as an electronic identifier and has many commercial uses, such as payments and data transfer, and others. While RFID chips only transmit a signal in one direction, NFC chips both receive and send data. NFC file sharing doesn’t require paring, which makes it faster. Because there is no paring, no records exist, which makes NFC good for anonymous use.
Near Field Communication Enabled Speaker
NFC-enabled speakers are easier to connect with mobile phones and tablets as compared to Bluetooth and Wi-Fi. Users have to simply place phones or tablets on the speaker‘s NFC detection area, and the device automatically connects to the speaker. NFC utilizes a low-power radio transmitter/receiver, and hence, it doesn’t affect the battery of the devices. Thus, all of these factors together have been fueling the demand of NFC technology enabled speakers.
“A Companion for a smartphone”
NFC speakers have become popular as companion devices to smartphones and tablets. By pushing a button, these units can be paired/connected by a short-range link with an NFC-enabled host device, through which audio playback or streaming starts. Designed for portability, these speakers typically run on battery power.
Examples of Five Best NFC-Enabled Speakers:-
- Sony SRS-XB10
- JBL Pulse 2
- Sony SRS-XB30
- Logitech UE Boom 2
- Sony SRS-XB41
So says a study...
According to a recent report published by Allied Market Research, titled, Wireless Audio Devices by Product, Technology, and Application: Global Opportunity Analysis and Industry Forecast, 2014–2022, the global wireless audio devices market was valued at $38,807.5 million by 2022 growing at a CAGR of 24.4% from 2016 to 2022.
At present, North America dominates this market, followed by Europe. In 2016, the U.S. dominated the North American market.
The wireless audio market is driven by the increasing penetration of infotainment devices, rising adoption of mobile devices, and surging applications of wireless audio devices in the commercial sector.
The wireless audio device is one of the fastest-growing technologies over the years. Rising efforts and developments to manufacture more advanced technologies in consumer electronics and increasing rate of deployments in developing regions have transformed the overall market.
Access full summary at:https://www.alliedmarketresearch.com/press-release/wireless-audio-devices-market.html
Chief editor of review team at FinancesOnline
Chief editor of review team at FinancesOnline Alex Hillsberg is an expert in the area of B2B and SaaS related products. He has worked for several B2B startups in the past and gathered a lot of first hand knowledge about the industry during that time.
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