Market Overview:
The global contactless connectivity system market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for contactless connectivity systems from various end-use industries, such as industrial, automotive, and others. In addition, the growing demand for smart cities and connected vehicles is also contributing to the growth of this market. The global contactless connectivity system market can be segmented on the basis of type into hardware and software. On the basis of application, it can be segmented into industrial, automotive, and others. The regional segments include North America (U.S., Canada), Latin America (Mexico), Europe (Germany), Asia Pacific (China), Middle East & Africa (Saudi Arabia).
Product Definition:
A contactless connectivity system is a wireless communication system that does not require physical contact between the transmitter and receiver. This type of system is often used in industrial and commercial settings where a reliable, secure connection is needed without the potential for interference from other devices. The importance of contactless connectivity systems lies in their ability to provide an uninterrupted connection in difficult or challenging environments.
Hardware:
Hardware is the part of a system that can be touched and felt, usually in the form of physical devices. Hardware includes products such as smartphones, tablets, payment terminals, ticketing systems and vending machines. The hardware market is expected to witness significant growth over the forecast period owing to increasing demand for contactless payments across various industry verticals globally.
Software:
Software is the set of instructions, which controls and monitors the overall functioning of a computer system. It comprises a collection of data that allows users to carry out specified tasks more efficiently. In today's world, software is used in almost all areas including business, education, science & technology and entertainment.
Software has become an important part of daily life; it helps in managing day-to-day activities with ease and convenience.
Application Insights:
The industry has been segmented on the basis of application into industrial, automotive, and other sectors. The contactless technology is widely used in the automotive sector for payment and security applications. Contactless card readers have become standard equipment in many vehicles because they reduce driver distraction by enabling payment through a car's window without using the key fob or button press method. These devices also eliminate human errors caused due to improper entry of data during vehicle rentals or purchases made away from secure facilities such as retail stores.
The growing popularity of mobile payments is expected to drive their adoption over the forecast period owing to various benefits offered such as fast & easy transactions with less risk of fraud compared to traditional cash-in-transit systems. Furthermore, these systems are more convenient than typing PIN codes every time one makes a purchase away from secure facilities such as brick-and-mortar stores or online banking websites; this factor is expected to increase demand over the forecast period driving growth across all regions simultaneously.
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to the presence of major players such as NXP Semiconductors, Qualcomm Technologies, and Infineon Technologies along with high demand for smartphones and tablets equipped with near-field communication (NFC) capabilities. Moreover, increasing adoption of contactless payment systems such as Apple Pay™ and Google Pay™ is further driving regional growth.
Asia Pacific is expected to emerge as a lucrative region over the forecast period owing to growing smartphone penetration coupled with rising digitalization across various industries in countries such as China, Japan, South Korea, India among others are expected drive regional growth over next eight years.
Growth Factors:
- Increasing demand for contactless connectivity system from the automotive sector
- Rising demand for contactless connectivity system from the consumer electronics sector
- Growing popularity of contactless payment systems
- Proliferation of Internet of Things (IoT) and connected devices
- Emergence of new applications requiring high-speed, reliable, and secure data transmission
Scope Of The Report
Report Attributes
Report Details
Report Title
Contactless Connectivity System Market Research Report
By Type
Hardware, Software
By Application
Industrial, Manufacture, Automotive, Others
By Companies
Vector Network Analyzers, TE Connectivity, Alcatel-Lucent, Corning, CommScope, Amphenol, Molex, Unify, Talkaphone, Plantronics, Vision Technologies
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
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global Contactless Connectivity System Market Report Segments:
The global Contactless Connectivity System market is segmented on the basis of:
Types
Hardware, Software
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
Industrial, Manufacture, Automotive, Others
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:
- Vector Network Analyzers
- TE Connectivity
- Alcatel-Lucent
- Corning
- CommScope
- Amphenol
- Molex
- Unify
- Talkaphone
- Plantronics
- Vision Technologies
Highlights of The Contactless Connectivity 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:
- Hardware
- Software
- By Application:
- Industrial
- Manufacture
- Automotive
- Others
- 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 Contactless Connectivity 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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- Correctly Positioning New Products
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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?
A contactless connectivity system is a type of wireless technology that allows devices to communicate without the need for physical contact. This technology can be used in a variety of applications, including payments and transportation. Contactless connectivity systems are often powered by radio waves, which makes them more efficient than traditional methods of communication.
Some of the major players in the contactless connectivity system market are Vector Network Analyzers, TE Connectivity, Alcatel-Lucent, Corning, CommScope, Amphenol, Molex, Unify, Talkaphone, Plantronics, Vision Technologies.
The contactless connectivity system market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Contactless Connectivity 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 Contactless Connectivity System Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Contactless Connectivity 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 Contactless Connectivity 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 Contactless Connectivity System Market Size & Forecast, 2018-2028 4.5.1 Contactless Connectivity System Market Size and Y-o-Y Growth 4.5.2 Contactless Connectivity System Market Absolute $ Opportunity
Chapter 5 Global Contactless Connectivity System 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 Contactless Connectivity System Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Contactless Connectivity System 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 Contactless Connectivity System Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Manufacture
6.2.3 Automotive
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Contactless Connectivity 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 Contactless Connectivity 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 Contactless Connectivity System Analysis and Forecast
9.1 Introduction
9.2 North America Contactless Connectivity System 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 Contactless Connectivity System Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software
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 Contactless Connectivity System Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Manufacture
9.10.3 Automotive
9.10.4 Others
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 Contactless Connectivity System Analysis and Forecast
10.1 Introduction
10.2 Europe Contactless Connectivity System 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 Contactless Connectivity System Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software
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 Contactless Connectivity System Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Manufacture
10.10.3 Automotive
10.10.4 Others
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 Contactless Connectivity System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Contactless Connectivity System 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 Contactless Connectivity System Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software
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 Contactless Connectivity System Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Manufacture
11.10.3 Automotive
11.10.4 Others
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 Contactless Connectivity System Analysis and Forecast
12.1 Introduction
12.2 Latin America Contactless Connectivity System 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 Contactless Connectivity System Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software
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 Contactless Connectivity System Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Manufacture
12.10.3 Automotive
12.10.4 Others
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) Contactless Connectivity System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Contactless Connectivity System 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) Contactless Connectivity System Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software
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) Contactless Connectivity System Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Manufacture
13.10.3 Automotive
13.10.4 Others
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 Contactless Connectivity System Market: Competitive Dashboard
14.2 Global Contactless Connectivity System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Vector Network Analyzers
14.3.2 TE Connectivity
14.3.3 Alcatel-Lucent
14.3.4 Corning
14.3.5 CommScope
14.3.6 Amphenol
14.3.7 Molex
14.3.8 Unify
14.3.9 Talkaphone
14.3.10 Plantronics
14.3.11 Vision Technologies