HTF Market Intelligence published a new research document of 150+pages on “Automotive NFC Market Insights, to 2028″ with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Automotive NFC market was mainly driven by the increasing R&D spending by leading and emerging player, however latest scenario and economic slowdown have changed complete market dynamics.
Some of the key players profiled in the study are STMicroelectronics (Switzerland), Texas Instruments (United States), Continental AG (Germany), Gemalto (Netherlands), DENSO Corporation (Japan), Bosch (Germany), Panasonic Corporation (Japan), Infineon Technologies (Germany), Qualcomm (United States), Sony Corporation (Japan), Hyundai Mobis (South Korea), Valeo (France), Marquardt Group (Germany), Smartrac Technology Group (Netherlands).
According to HTF Market Intelligence, the Global Automotive NFC market to witness a CAGR of 30.2% during forecast period of 2023-2028. Global Automotive NFC Market Breakdown by Application (Keyless Entry and Start, Smartphone Integration, Vehicle Authentication, Others) by Type (106 Kbit/S, 212 Kbit/S, 424 Kbit/S) by Vehicle Type (Passenger, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV)) by Sales Channel (OEM, Aftermarket) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Automotive NFC market size is estimated to increase by USD 35 Billion at a CAGR of 30.2% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 6727.9 Billion.
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Definition:
Near-Field Communication (NFC) in the automotive context refers to a short-range wireless communication technology that enables the exchange of data between a vehicle and another device, such as a smartphone or an NFC-enabled key fob, when they are brought into close proximity, typically within a few centimeters. Automotive NFC has various applications in modern vehicles, including keyless entry, vehicle start, in-car payment systems, and data sharing.
Market Trends:
- Keyless Entry and Start: The adoption of NFC technology for keyless entry and ignition systems continues to rise, offering convenience and enhanced security for vehicle owners.
- Secure Vehicle Communication: Automakers are exploring NFC as a secure means of communication for vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication, which is crucial for autonomous driving and advanced safety features.
Market Drivers:
- Consumer Demand: Consumers seek convenience and seamless experiences in their vehicles, driving the adoption of NFC for various applications.
- Safety and Security: Enhanced security features and the ability to prevent key fob cloning drive the adoption of NFC for vehicle access and start systems.
Market Opportunities:
- Enhanced User Experience: Automotive NFC enhances the user experience by simplifying tasks such as vehicle access, payment, and personalization.
- Improved Security: NFC technology can offer robust security features, which are essential for vehicle access and communication, especially in the context of autonomous driving and connected cars.
The titled segments and sub-section of the market are illuminated below:
The Study Explore the Product Types of Automotive NFC Market: 106 Kbit/S, 212 Kbit/S, 424 Kbit/S
Key Applications/end-users of Automotive NFC Market: Keyless Entry and Start, Smartphone Integration
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With this report you will learn:
- Who the leading players are in Automotive NFC Market?
- What you should look for in a Automotive NFC
- What trends are driving the Market
- About the changing market behaviour over time with strategic view point to examine competition
Also included in the study are profiles of 15 Automotive NFC vendors, pricing charts, financial outlook, swot analysis, products specification &comparisons matrix with recommended steps for evaluating and determining latest product/service offering.
List of players profiled in this report: STMicroelectronics (Switzerland), Texas Instruments (United States), Continental AG (Germany), Gemalto (Netherlands), DENSO Corporation (Japan), Bosch (Germany), Panasonic Corporation (Japan), Infineon Technologies (Germany), Qualcomm (United States), Sony Corporation (Japan), Hyundai Mobis (South Korea), Valeo (France), Marquardt Group (Germany), Smartrac Technology Group (Netherlands)
Who should get most benefit from this report insights?
- Anyone who are directly or indirectly involved in value chain cycle of this industry and needs to be up to speed on the key players and major trends in the market for Automotive NFC
- Marketers and agencies doing their due diligence in selecting a Automotive NFC for large and enterprise level organizations
- Analysts and vendors looking for current intelligence about this dynamic marketplace.
- Competition who would like to benchmark and correlate themselves with market position and standings in current scenario.
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Quick Snapshot and Extracts from TOC of Latest Edition
Overview of Automotive NFC Market
Automotive NFC Size (Sales Volume) Comparison by Type (2023-2028)
Automotive NFC Size (Consumption) and Market Share Comparison by Application (2023-2028)
Automotive NFC Size (Value) Comparison by Region (2023-2028)
Automotive NFC Sales, Revenue and Growth Rate (2023-2028)
Automotive NFC Competitive Situation and Current Scenario Analysis
Strategic proposal for estimating sizing of core business segments
Players/Suppliers High Performance Pigments Manufacturing Base Distribution, Sales Area, Product Type
Analyse competitors, including all important parameters of Automotive NFC
Automotive NFC Manufacturing Cost Analysis
Latest innovative headway and supply chain pattern mapping of leading and merging industry players
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