Automotive NFC Market Key Players Analysis 2031
The automotive NFC market is expected to register a CAGR of 17.6% during 2023–2031. The evolution of advanced technologies and the introduction of high-end vehicles is likely to remain a key trend in the market.
Automotive NFC Market Analysis
- The rapid growth of smart devices such as smartphones and tablets coupled with the heavy advancements in device communication technologies, burgeoning demands for customized user experiences in automobiles, especially the premium cars segment and growing adoptions of luxury cars in the mid-priced car segments are some of the factors that would drive the growth of automotive NFC market.
- Some of the applications of NFC technology include keyless entry, vehicle authentication, and smartphone integration; the development of digital car keys and contactless payment methods has accelerated the adoption of NFC in the automotive market.
Automotive NFC Market Overview
- The demand for efficient and secure data transmission, a growing demand for connected cars, an increase in government initiatives, and rising automotive safety standards are some of the factors propelling the growth of the global automotive NFC market.
- An important factor propelling the automotive NFC market is the growing demand for smart and connected cars, where NFC improves convenience and user experience.
- Additionally, NFC technology provides for automotive applications, including low power consumption, quick data transfer speeds, and secure communication.
- To meet consumer expectations for advanced connectivity features, automotive manufacturers and tech companies are investing in NFC-enabled solutions.
- NFC tags and chips can be incorporated into dashboards, infotainment systems, and key fobs, among other car components.
- NFC-capable smartphone apps also enhance these functions by enabling users to engage with their cars from a distance, such as opening doors or starting the engine.
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Automotive NFC Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Automotive NFC Market: Strategic Insights
Naveen
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Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Automotive NFC Market Drivers and Opportunities
Increasing Automotive Near Field Communication (NFC) Applications to Favor the Market
- The internal market includes ADAS communication interfaces, infotainment systems, engine access, and air conditioning systems.
- NFC technology is employed in a wide range of automotive applications, from high-end cars to affordable cars.
- Not only does NFC technology make communication easier, but it also reduces processing cycles and overall response times.
- The market's growth rate is significantly driven by the growing prevalence of the Internet of Things (IoT) and its application in automobiles.
Technological Advancement in the Automotive Sector
- The need for automotive NFC is anticipated to increase in the near future due to growing vehicle penetration and end-user preference for having a smart communication system installed in the vehicle.
- The use of NFC in automobiles is highly correlated with new car sales and worldwide auto manufacturing. In addition, the rapid advancement of technology will create new market opportunities and accelerate the market's growth rate.
- Additionally, growing new markets and a rise in strategic alliances will serve as market catalysts and increase favorable prospects for the market's growth rate.
Automotive NFC Market Report Segmentation Analysis
Key segments that contributed to the derivation of the automotive NFC market analysis are type and application.
- Based on type, the automotive NFC market is divided into 106 Kbit/s, 212 Kbit/s, and 424 Kbit/s.
- Based on application, the automotive NFC market is divided into on board units and car keys.
Automotive NFC Market Share Analysis by Geography
- The automotive NFC market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering automotive NFC market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the automotive NFC market in these regions.
Automotive NFC Market Report Scope
Automotive NFC Market News and Recent Developments
The automotive NFC market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the automotive NFC market are listed below:
- STMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications, announces a new platform to accelerate the introduction of digital car keys, giving consumers keyless access to vehicles via their mobile devices. In addition to strengthening security, digital car keys can deliver greater owner conveniences, including customizable usage privileges, while continuing to secure the vehicle. Activities such as car sharing, fleet management, and vehicle rental gain benefits such as easier key issuance, usage controls, and access to valeting and servicing. (Source: STMicroelectronics, Company Website, June 2022)
Automotive NFC Market Report Coverage and Deliverables
The “Automotive NFC Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Automotive NFC market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Automotive NFC market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Automotive NFC market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the automotive NFC market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global automotive NFC market is expected to grow at a CAGR of 17.6% during the forecast period 2023 - 2031.
The rapid technological advancement in the automotive sector is one of the major factors driving the automotive NFC market.
An increase in sales of high-end vehicles is anticipated to play a significant role in the global automotive NFC market in the coming years.
The leading players operating in the automotive NFC market are ST Microelectronics, Samsung Corporation, Polaris Inc., SONY Corporation, NXP Semiconductors, Broadcom Communications, Smartrac N.V., Alpine Electronics Inc..
The report can be delivered in PDF/PPT format; we can also share an excel dataset based on the request.
Some of the customization options available based on request are 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.
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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