Market Overview:
The global automotive NFC system market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for advanced technologies in vehicles and rising adoption of NFC systems in automobiles. The global automotive NFC system market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into non-auxiliary products and auxiliary products. Auxiliary products are further sub-segmented into communication support, interaction between customer and car, information retrieval, and car key applications. Communication support dominates the auxiliary product segment owing to its ability to provide enhanced features such as hands-free calling facility in cars. On the basis of application, the market is divided into four segments: communication support, interaction between customer and car, information retrieval Car key applications).
Product Definition:
An automotive NFC system is a system that uses Near Field Communication technology to allow vehicles to communicate with each other and with the surrounding environment. This communication can be used for a variety of purposes, including safety features, navigation, and traffic management. The importance of an automotive NFC system lies in its ability to improve safety and efficiency while driving.
Non-auxiliary products:
Non-auxiliary products are those devices or systems which are not an essential part of a complete payment solution and hence can be used in parallel with the traditional card based payments. The growth factor for non-auxiliary product is high as compared to auxiliary product segment, owing to growing demand from retailers and other end users who do not require full blown NFC enabled terminals.
Global Non-auxiliary products, it's usage.
Auxiliary products:
Auxiliary products are devices or accessories used to enhance the performance of a vehicle's navigation and communication systems. They can be connected to a vehicle via Bluetooth, Wi-Fi, Near Field Communication (NFC), or cable. Auxiliary products have been in use for quite some time but only recently has their usage increased due to the growing demand for smartphones and tablets with integrated GPS capabilities as well as smartwatches that can be paired with mobile phones.
Application Insights:
The interaction between the customer and the car was the prominent application segment in 2017. The increasing need for vehicle keyless access, which eliminates the traditional method of entering a vehicle's code, is expected to drive this application over the forecast period. The communication support segment is anticipated to witness significant growth over next six years owing to its wide usage in smartphones and other mobile devices.
The growing popularity of e-commerce has led several manufacturers across different regions to adopt innovative digital marketing strategies that include NFC technology as it provides an opportunity for them to interact with their customers directly through apps installed on their phones. For instance, Audi uses NFC technology in its Audi MMI Navigation Plus system that allows users access information about surrounding points of interest using Apple and Android phones equipped with NFC chips.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period owing to increasing demand for smartphones, high internet penetration, and technological advancements. Europe accounted for a significant share of revenue in 2017 on account of rising adoption of contactless smart card technology across several industries such as transport and healthcare. Moreover, presence of prominent players such as Gemalto NV; NXP B.V.; Infineon Technologies AG; Texas Instruments Inc.; and Broadcom Inc.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to increasing smartphone penetration coupled with growing application scope within various industry verticals including automotive sector. Furthermore, government initiatives encouraging usage of NFC-enabled mobile payment solutions are also expected drive regional market growth over the next eight years (2030).
Growth Factors:
- Increasing demand for NFC-enabled vehicles from the automotive sector
- Proliferation of smartphones and other mobile devices with NFC capabilities
- Growing demand for in-vehicle infotainment systems
- Rising number of government initiatives and regulations supporting the deployment of NFC systems in automobiles
- Advances in wireless communication technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive NFC System Market Research Report
By Type
Non-auxiliary products, Auxiliary products
By Application
Communication Support, Interaction between the Customer and the Car, Information Retrieval, Car Key
By Companies
Continental, BorgWarner, NXP, Valeo, Continental
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
221
Number of Tables & Figures
155
Customization Available
Yes, the report can be customized as per your need.
Global Automotive NFC System Market Report Segments:
The global Automotive NFC System market is segmented on the basis of:
Types
Non-auxiliary products, Auxiliary products
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Communication Support, Interaction between the Customer and the Car, Information Retrieval, Car Key
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Continental
- BorgWarner
- NXP
- Valeo
- Continental
Highlights of The Automotive NFC System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Non-auxiliary products
- Auxiliary products
- By Application:
- Communication Support
- Interaction between the Customer and the Car
- Information Retrieval
- Car Key
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive NFC System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An automotive NFC system is a type of wireless technology that allows drivers to make purchases and access information while in their cars. Automotive NFC systems can be used for a variety of purposes, such as making payments at gas stations or convenience stores, accessing vehicle settings, or logging into car services.
Some of the major companies in the automotive nfc system market are Continental, BorgWarner, NXP, Valeo, Continental.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive NFC System Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Automotive NFC System Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Automotive NFC System Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Automotive NFC System Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Automotive NFC System Market Size & Forecast, 2020-2028 4.5.1 Automotive NFC System Market Size and Y-o-Y Growth 4.5.2 Automotive NFC System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Non-auxiliary products
5.2.2 Auxiliary products
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Communication Support
6.2.2 Interaction between the Customer and the Car
6.2.3 Information Retrieval
6.2.4 Car Key
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive NFC System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive NFC System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Non-auxiliary products
9.6.2 Auxiliary products
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Communication Support
9.10.2 Interaction between the Customer and the Car
9.10.3 Information Retrieval
9.10.4 Car Key
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Non-auxiliary products
10.6.2 Auxiliary products
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Communication Support
10.10.2 Interaction between the Customer and the Car
10.10.3 Information Retrieval
10.10.4 Car Key
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Non-auxiliary products
11.6.2 Auxiliary products
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Communication Support
11.10.2 Interaction between the Customer and the Car
11.10.3 Information Retrieval
11.10.4 Car Key
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Non-auxiliary products
12.6.2 Auxiliary products
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Communication Support
12.10.2 Interaction between the Customer and the Car
12.10.3 Information Retrieval
12.10.4 Car Key
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Non-auxiliary products
13.6.2 Auxiliary products
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Communication Support
13.10.2 Interaction between the Customer and the Car
13.10.3 Information Retrieval
13.10.4 Car Key
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive NFC System Market: Competitive Dashboard
14.2 Global Automotive NFC System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Continental
14.3.2 BorgWarner
14.3.3 NXP
14.3.4 Valeo
14.3.5 Continental