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Automotive NFC Market By Type (106 Kbit/S, 212 Kbit/S, and 424 Kbit/S), Vehicle Type (Low-End, Mid-Range, and High-End), and Application (Interior and Exterior) and Industry Vertical (Building & Construction, IT & telecom, Healthcare, Aerospace & Defense, Industrial, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

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Dec 2020 | 71 Views
 
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Automotive NFC Market Outlook – 2027

Near-field communication is a wireless short-range technology that is installed in smartphone, tablet, wearables, payment cards and other devices for exchange of data. With the use of NFC technology, the users are able to move information between devices with a single touch in a quick and effective manner. The technology is used in exchanging business cards, paying bills, collecting coupons, or uploading a research paper. 

The automotive NFC market in automobiles simplifies device pairing with the car only on a single tap and in a few seconds. Passengers or the car's driver may then use it to configure the in-vehicle environment such as radio controls, air conditioning, and music system, among others as per the user need. NFC is expected to be of great use in emerging concepts such as car hire, carpooling, and the management of corporate fleets.

The global automotive NFC market is segmented on the basis of type, vehicle type, application, and region. Based on type, the market is divided into 106 kbit/s, 212 kbit/s, and 424 kbit/s. In terms of vehicle type, the market is categorized into low-end, mid-range, and high-end. On the basis of application, the market is divided interior and exterior. In terms of industry vertical, the automotive NFC market is segregated into building & construction, it & telecom, healthcare, aerospace & defense, industrial, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, And Latin America, Middle East & Africa (LAMEA).

Key players operating in the global automotive NFC industry include Infineon Technologies AG, MediaTek Inc., NXP Semiconductors N.V., Panasonic Corporation, PREMO S.A., Qualcomm Technologies, Inc., Renesas Electronics Corporation, Samsung Semiconductors Inc., Smartrac N.V, Sony Corporation. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global automotive NFC market. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global market.

Market Scope and Structure Analysis:

Report Metric

Details

Market Size Available For Years

2020–2027

Base Year Considered

2019

Forecast Period

2020–2027

Forecast Unit

Value (USD)

Segments Covered

Type, Vehicle Type, Application, Industry Vertical and Region

Regions Covered

North America (Canada, Mexico, and U.S.), Europe (France, Germany, UK, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and Rest of Asia-Pacific), and LAMEA (Africa, Latin America, and Middle East)

Companies Covered

Infineon Technologies AG, MediaTek Inc., NXP Semiconductors N.V., Panasonic Corporation, PREMO S.A., Qualcomm Technologies, Inc., Renesas Electronics Corporation, Samsung Semiconductors Inc., Smartrac N.V, Sony Corporation

 

COVID-19 Scenario Analysis:

  • Global automotive NFC market has been significantly impacted by the COVID-19 outbreak. New projects throughout the world have stalled, which, in turn, have led to decline in demand for analog semiconductors. 
  • Global factories have struggled to integrate new automotive NFCs as workers have stayed in their homes, which disrupted the global supply chains. 
  • The impact of COVID-19 on automotive NFC market is temporary as just the production and supply chain is stalled. Once the situation improves, production, supply chains, and demand for automotive NFCs are gradually going to increase.  
  • This COVID-19 lockdown would help companies think about more advanced automotive NFCs to enhance efficiency.

Top Impacting Factors:

Demand for automotive NFC is expected to increase over the coming years due to increased vehicle penetration and growth in preference by end-users to have a smart communication system installed in the automotive vehicle. Automotive NFC consumption is highly reliant on automotive production and new sales around the globe. 

However, factors such as low adoption rates in developed economies have been seen as a constraint on the NFC automotive market's growth over the forecast period. The prevalent trends is to implement new technology appliances for advanced output will contribute towards the growth of the demand for automotive NFC market share.

Advancements in Automobile Drives the Market

Over the recent years, the low-end automotive NFC market growth is expected to grow substantially. In addition, demand for high-end vehicles is increasing at a rapid pace, particularly in countries such as China and India due to rise in per capita income in emerging countries. Furthermore, low-end car manufacturers operates in these developed and developing regions with increased efforts to provide connected experience of driving to drivers. 

Various cost-effective third-party automobile devices, such as in-car infotainment systems, support the integration of NFC technology into low-end vehicles. Furthermore, the issuance of strict government guidelines which requires the use of ADAS technology is expected to catalyze the use of NFC technology in automobiles across the Asia Pacific region.

Increased application of automotive NFCs

The internal market includes air conditioning systems, infotainment system, access to the engine and communication interfaces with ADAS. The NFC technology has its application in various components of the automotive industry, from luxury vehicles to low-end vehicles. The NFC technology simplifies the method of establishing communication it also reduces total response time and a number of processing cycles. 

The technology's inexpensive nature has helped its implementation across various segments of the automotive sector. In addition, the technology offers low-power consumption and has increased compatibility with a wide range of automotive interior accessories, promoting its use across various third-party manufacturers, OEMs, and automakers. Increase in integration of smart driving applications in passenger cars as well as commercial vehicles has rapidly evolved the automobile landscape which has enhanced driver experience and improved safety.

Using NFC technology has been a vital part which has improved driver experience, it has brought custom entertainment and connected connectivity into the car world in a safe and easy-to-use way. Global automotive NFC market players have built partnerships with other automotive manufacturers to introduce new & advanced automotive NFC solutions. The automakers are keen to launch NFC-based smart car solutions to gain an edge over their competitors for their product offerings.

Key Segments Covered:

Segments

Sub-Segments

Type

  • 106 Kbit/S
  • 212 Kbit/S
  • 424 Kbit/S

Vehicle Type

  • Low-End
  • Mid-Range
  • High-End

Application

  • Interior
  • Exterior

Industry Vertical

  • Building & Construction
  • IT & telecom
  • Healthcare
  • Aerospace & Defense
  • Industrial
  • Others

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the global automotive NFC market trends along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global automotive NFC market.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global automotive NFC market scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global automotive NFC market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions Answered in the Automotive NFC Market Research Report:

  • Which are the leading market players active in the automotive NFC market size?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the automotive NFC market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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