Automotive NFC Market Dynamics and Analysis by 2031
The Automotive NFC Market is expected to register a CAGR of 17.6% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Type (106 Kbit/s, 212 Kbit/s, and 424 Kbit/s); and Application (On board Units and Car Keys). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the Report
The report Automotive NFC Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Automotive NFC Market Segmentation
Type
- 106 Kbit/s
- 212 Kbit/s
- 424 Kbit/s
Application
- On board Units and Car Keys
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Automotive NFC Market: Strategic Insights
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Automotive NFC Market Growth Drivers
- Growing Adoption of Contactless Payments: The increasing preference for contactless payments in the automotive sector is a significant driver for the automotive NFC (Near Field Communication) market. NFC-enabled systems allow drivers to make secure, fast payments for fuel, tolls, parking, and in-vehicle purchases without physical contact. This ease of use and convenience are accelerating the adoption of NFC technology in cars, particularly as consumer demand for seamless, cashless transactions rises.
- Enhanced Vehicle Security Features: Automotive NFC technology is gaining traction for its role in enhancing vehicle security. NFC-enabled systems allow for keyless entry, vehicle authentication, and secure access to car features, reducing the risk of theft and unauthorized access. As vehicle security concerns grow, NFC systems are being integrated to offer more reliable and efficient solutions.
Automotive NFC Market Future Trends
- Integration with Smart Device Ecosystems: A key trend in the automotive NFC market is the growing integration of NFC systems with smart devices such as smartphones and wearables. Consumers now prefer to use their phones or smartwatches to unlock vehicles, start the engine, and control in-vehicle features via NFC. This trend aligns with the broader movement toward connected, smart vehicle ecosystems and enhances user convenience.
- Shift Towards In-Vehicle Personalization: Automotive NFC is increasingly being used to create personalized driving experiences. With NFC technology, vehicles can recognize individual drivers and adjust settings such as seat position, climate control, and infotainment preferences. This trend enhances convenience, comfort, and user satisfaction, driving the adoption of NFC systems in modern vehicles.
Automotive NFC Market Opportunities
- Expansion in Electric and Autonomous Vehicles: As electric and autonomous vehicles gain popularity, there is a growing opportunity for NFC technology to enhance the user experience. NFC systems can enable seamless vehicle interactions, such as easy charging station access, and unlock autonomous vehicle features. The ongoing development of these vehicle types presents a significant growth opportunity for the automotive NFC market.
- Collaboration with Ride-Sharing and Car Rental Services: The rise of ride-sharing and car rental services creates new opportunities for automotive NFC. NFC-enabled systems can streamline vehicle access, booking, and key management, offering a more convenient experience for users. These services can leverage NFC technology to manage fleets efficiently and provide enhanced, secure, and contactless interactions for customers.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Automotive NFC Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Automotive NFC Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The leading players operating in the Automotive NFC Market include ST Microelectronics#Samsung Corporation#Polaris Inc.#SONY Corporation#NXP Semiconductors#Broadcom Communications#Smartrac N.V.#Alpine Electronics Inc.
The Automotive NFC Market is estimated to witness a CAGR of 17.6% from 2023 to 2031
Technological advancements is the key future trend of the Automotive NFC Market
The major factors driving the Automotive NFC Market are:Growing demand of connectivity#Growing Smart Vehicle Technologies
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Automotive NFC Market - By Type
1.3.2 Automotive NFC Market - By Application
1.3.3 Automotive NFC Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTOMOTIVE NFC MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AUTOMOTIVE NFC MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. AUTOMOTIVE NFC MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMOTIVE NFC - GLOBAL MARKET OVERVIEW
6.2. AUTOMOTIVE NFC - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AUTOMOTIVE NFC MARKET - REVENUE AND FORECASTS TO 2028 – TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. 106 KBIT/S
7.3.1. Overview
7.3.2. 106 Kbit/s Market Forecast and Analysis
7.4. 212 KBIT/
7.4.1. Overview
7.4.2. 212 Kbit/ Market Forecast and Analysis
7.5. 424 KBIT/S
7.5.1. Overview
7.5.2. 424 Kbit/s Market Forecast and Analysis
8. AUTOMOTIVE NFC MARKET - REVENUE AND FORECASTS TO 2028 – APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. ON BOARD UNITS
8.3.1. Overview
8.3.2. On board Units Market Forecast and Analysis
8.4. CAR KEYS
8.4.1. Overview
8.4.2. Car Keys Market Forecast and Analysis
9. AUTOMOTIVE NFC MARKET REVENUE AND FORECASTS TO 2028 – GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
- 9.1.1 North America Automotive NFC Market Overview
- 9.1.2 North America Automotive NFC Market Forecasts and Analysis
- 9.1.3 North America Automotive NFC Market Forecasts and Analysis - By Type
- 9.1.4 North America Automotive NFC Market Forecasts and Analysis - By Application
- 9.1.5 North America Automotive NFC Market Forecasts and Analysis - By Countries
9.1.5.1 United States Automotive NFC Market
- 9.1.5.1.1 United States Automotive NFC Market by Type
- 9.1.5.1.2 United States Automotive NFC Market by Application
9.1.5.2 Canada Automotive NFC Market
- 9.1.5.2.1 Canada Automotive NFC Market by Type
- 9.1.5.2.2 Canada Automotive NFC Market by Application
9.1.5.3 Mexico Automotive NFC Market
- 9.1.5.3.1 Mexico Automotive NFC Market by Type
- 9.1.5.3.2 Mexico Automotive NFC Market by Application
9.2. EUROPE
- 9.2.1 Europe Automotive NFC Market Overview
- 9.2.2 Europe Automotive NFC Market Forecasts and Analysis
- 9.2.3 Europe Automotive NFC Market Forecasts and Analysis - By Type
- 9.2.4 Europe Automotive NFC Market Forecasts and Analysis - By Application
- 9.2.5 Europe Automotive NFC Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Automotive NFC Market
- 9.2.5.1.1 Germany Automotive NFC Market by Type
- 9.2.5.1.2 Germany Automotive NFC Market by Application
9.2.5.2 France Automotive NFC Market
- 9.2.5.2.1 France Automotive NFC Market by Type
- 9.2.5.2.2 France Automotive NFC Market by Application
9.2.5.3 Italy Automotive NFC Market
- 9.2.5.3.1 Italy Automotive NFC Market by Type
- 9.2.5.3.2 Italy Automotive NFC Market by Application
9.2.5.4 United Kingdom Automotive NFC Market
- 9.2.5.4.1 United Kingdom Automotive NFC Market by Type
- 9.2.5.4.2 United Kingdom Automotive NFC Market by Application
9.2.5.5 Russia Automotive NFC Market
- 9.2.5.5.1 Russia Automotive NFC Market by Type
- 9.2.5.5.2 Russia Automotive NFC Market by Application
9.2.5.6 Rest of Europe Automotive NFC Market
- 9.2.5.6.1 Rest of Europe Automotive NFC Market by Type
- 9.2.5.6.2 Rest of Europe Automotive NFC Market by Application
9.3. ASIA-PACIFIC
- 9.3.1 Asia-Pacific Automotive NFC Market Overview
- 9.3.2 Asia-Pacific Automotive NFC Market Forecasts and Analysis
- 9.3.3 Asia-Pacific Automotive NFC Market Forecasts and Analysis - By Type
- 9.3.4 Asia-Pacific Automotive NFC Market Forecasts and Analysis - By Application
- 9.3.5 Asia-Pacific Automotive NFC Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Automotive NFC Market
- 9.3.5.1.1 Australia Automotive NFC Market by Type
- 9.3.5.1.2 Australia Automotive NFC Market by Application
9.3.5.2 China Automotive NFC Market
- 9.3.5.2.1 China Automotive NFC Market by Type
- 9.3.5.2.2 China Automotive NFC Market by Application
9.3.5.3 India Automotive NFC Market
- 9.3.5.3.1 India Automotive NFC Market by Type
- 9.3.5.3.2 India Automotive NFC Market by Application
9.3.5.4 Japan Automotive NFC Market
- 9.3.5.4.1 Japan Automotive NFC Market by Type
- 9.3.5.4.2 Japan Automotive NFC Market by Application
9.3.5.5 South Korea Automotive NFC Market
- 9.3.5.5.1 South Korea Automotive NFC Market by Type
- 9.3.5.5.2 South Korea Automotive NFC Market by Application
9.3.5.6 Rest of Asia-Pacific Automotive NFC Market
- 9.3.5.6.1 Rest of Asia-Pacific Automotive NFC Market by Type
- 9.3.5.6.2 Rest of Asia-Pacific Automotive NFC Market by Application
9.4. MIDDLE EAST AND AFRICA
- 9.4.1 Middle East and Africa Automotive NFC Market Overview
- 9.4.2 Middle East and Africa Automotive NFC Market Forecasts and Analysis
- 9.4.3 Middle East and Africa Automotive NFC Market Forecasts and Analysis - By Type
- 9.4.4 Middle East and Africa Automotive NFC Market Forecasts and Analysis - By Application
- 9.4.5 Middle East and Africa Automotive NFC Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Automotive NFC Market
- 9.4.5.1.1 South Africa Automotive NFC Market by Type
- 9.4.5.1.2 South Africa Automotive NFC Market by Application
9.4.5.2 Saudi Arabia Automotive NFC Market
- 9.4.5.2.1 Saudi Arabia Automotive NFC Market by Type
- 9.4.5.2.2 Saudi Arabia Automotive NFC Market by Application
9.4.5.3 U.A.E Automotive NFC Market
- 9.4.5.3.1 U.A.E Automotive NFC Market by Type
- 9.4.5.3.2 U.A.E Automotive NFC Market by Application
9.4.5.4 Rest of Middle East and Africa Automotive NFC Market
- 9.4.5.4.1 Rest of Middle East and Africa Automotive NFC Market by Type
- 9.4.5.4.2 Rest of Middle East and Africa Automotive NFC Market by Application
9.5. SOUTH AND CENTRAL AMERICA
- 9.5.1 South and Central America Automotive NFC Market Overview
- 9.5.2 South and Central America Automotive NFC Market Forecasts and Analysis
- 9.5.3 South and Central America Automotive NFC Market Forecasts and Analysis - By Type
- 9.5.4 South and Central America Automotive NFC Market Forecasts and Analysis - By Application
- 9.5.5 South and Central America Automotive NFC Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Automotive NFC Market
- 9.5.5.1.1 Brazil Automotive NFC Market by Type
- 9.5.5.1.2 Brazil Automotive NFC Market by Application
9.5.5.2 Argentina Automotive NFC Market
- 9.5.5.2.1 Argentina Automotive NFC Market by Type
- 9.5.5.2.2 Argentina Automotive NFC Market by Application
9.5.5.3 Rest of South and Central America Automotive NFC Market
- 9.5.5.3.1 Rest of South and Central America Automotive NFC Market by Type
- 9.5.5.3.2 Rest of South and Central America Automotive NFC Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. AUTOMOTIVE NFC MARKET, KEY COMPANY PROFILES
11.1. ALPINE ELECTRONICS INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. APPLE INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BROADCOM COMMUNICATIONS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. INFINEON TECHNOLOGIES AG
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. MICROPROSS
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. NXP SEMICONDUCTORS
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. PANASONIC CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SMARTRAC N.V.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SONY CORPORATION (FELICA)
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ST MICROELECTRONICS
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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