The global eSIM market was valued at USD 8.07 billion in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) of 7.9% from 2023 to 2030. This market growth is primarily driven by the increasing adoption of Internet of Things (IoT)-connected devices, particularly in machine-to-machine (M2M) applications and consumer electronics. One of the key trends contributing...

The global nanosatellite and microsatellite market was valued at USD 2.12 billion in 2021 and is projected to experience substantial growth at a compound annual growth rate (CAGR) exceeding 23.3% from 2022 to 2030. This impressive growth is primarily driven by the rising demand for miniaturized satellites across various sectors, which is enhancing their adoption and utilization in...

The global near field communication market size is estimated to reach USD 61.23 billion by 2030, registering a CAGR of 12.3% from 2025 to 2030, according to a new report by Grand View Research, Inc. The industry is poised for an unprecedented growth over the forecast period owing to the increasing penetration of smartphones in the developing economy. Increasing adoption of mobile...

Near Field Communication (NFC) is a short-range wireless communication technology that enables the exchange of data between devices over a distance of just a few centimeters. It operates on the principle of electromagnetic induction and typically uses a frequency of 13.56 MHz. NFC allows two electronic devices—usually mobile phones, tablets, or payment terminals—to establish...