Report Code: A08808 | Pages: NA | Mar 2023 | 2385 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Automotive Nfc Market
Request Now !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.Â
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).
COVID-19 Scenario Analysis:
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.Â
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.
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.Â
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.
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.Â
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 Benefits of the Report:
Questions Answered in the Automotive NFC Market Research Report:
Automotive NFC Market Report Highlights
Aspects | Details |
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By Type |
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By Vehicle Type |
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By Application |
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By Industry Vertical |
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By Region |
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Key Market Players | 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., Sony Corporation |
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