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Automotive NFC Trends and Forecast
The future of the global automotive NFC market looks promising with opportunities in the interior and exterior markets. The global automotive NFC market is expected to reach an estimated $12 billion by 2030 with a CAGR of 14.4% from 2024 to 2030. The major drivers for this market are increasing penetration of convenience and safety features in vehicles, rising use of the internet of things in automotive, and growing demand for connected cars.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Automotive NFC by Segment
The study includes a forecast for the global automotive NFC by type, vehicle type, application, and region.
Automotive NFC Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• 106 Kbit/S
• 212 Kbit/S
• 424 Kbit/S
Automotive NFC Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
• Low-End
• Mid-Range
• High-End
Automotive NFC Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Interior
• Exterior
Automotive NFC Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Automotive NFC Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive NFC companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive NFC companies profiled in this report include-
• Sony Corporation
• Infineon Technologies
• Renesas Electronics Corporation
• Qualcomm Technologies
• Premo
• Panasonic Corporation
• NXP Semiconductors
• Mediatek
• Samsung Semiconductors
• Smartrac N
Automotive NFC Market Insights
Lucintel forecasts that mid-range will remain the largest segment over the forecast period due to the growing penetration of luxury car features in the mid-range car segment.
Within this market, interior will remain the larger segment due to growing applications for NFC technology in the interior of vehicles, which include keyless entry and start systems, infotainment systems, climate control systems, and navigation systems.
APAC is expected to remain the largest segment due to significantly growing automotive industry and increasing vehicle production in China and India.
Features of the Global Automotive NFC Market
Market Size Estimates: Automotive NFC market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Automotive NFC market size by type, vehicle type, application, and region in terms of value ($B).
Regional Analysis: Automotive NFC market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, vehicle types, applications, and regions for the automotive NFC market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive NFC market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the automotive NFC market size?
Answer: The global automotive NFC market is expected to reach an estimated $12 billion by 2030.
Q.2 What is the growth forecast for automotive NFC market?
Answer: The global automotive NFC market is expected to grow with a CAGR of 14.4% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the automotive NFC market?
Answer: The major drivers for this market are increasing penetration of convenience and safety features in vehicles, rising use of the internet of things in automotive, and growing demand for connected cars.
Q4. What are the major segments for automotive NFC market?
Answer: The future of the automotive NFC market looks promising with opportunities in the interior and exterior markets.
Q5. Who are the key automotive NFC market companies?
Answer: Some of the key automotive NFC companies are as follows:
• Sony Corporation
• Infineon Technologies
• Renesas Electronics Corporation
• Qualcomm Technologies
• Premo
• Panasonic Corporation
• NXP Semiconductors
• Mediatek
• Samsung Semiconductors
• Smartrac N
Q6. Which automotive NFC market segment will be the largest in future?
Answer: Lucintel forecasts that mid-range will remain the largest segment over the forecast period due to the growing penetration of luxury car features in the mid-range car segment..
Q7. In automotive NFC market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to remain the largest segment due to significantly growing automotive industry and increasing vehicle production in China and India.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automotive NFC market by type (106 kbit/s, 212 kbit/s, and 424 kbit/s), vehicle type (low-end, mid-range, and high-end), application (interior and exterior), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Automotive Nfc Market, Automotive Nfc Market Size, Automotive Nfc Market Growth, Automotive Nfc Market Analysis, Automotive Nfc Market Report, Automotive Nfc Market Share, Automotive Nfc Market Trends, Automotive Nfc Market Forecast, Automotive Nfc Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Automotive NFC Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Automotive NFC Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Automotive NFC Market by Type
3.3.1: 106 Kbit/S
3.3.2: 212 Kbit/S
3.3.3: 424 Kbit/S
3.4: Global Automotive NFC Market by Vehicle Type
3.4.1: Low-End
3.4.2: Mid-Range
3.4.3: High-End
3.5: Global Automotive NFC Market by Application
3.5.1: Interior
3.5.2: Exterior
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Automotive NFC Market by Region
4.2: North American Automotive NFC Market
4.2.2: North American Automotive NFC Market by Application: Interior and Exterior
4.3: European Automotive NFC Market
4.3.1: European Automotive NFC Market by Vehicle Type: Low-End, Mid-Range, and High-End
4.3.2: European Automotive NFC Market by Application: Interior and Exterior
4.4: APAC Automotive NFC Market
4.4.1: APAC Automotive NFC Market by Vehicle Type: Low-End, Mid-Range, and High-End
4.4.2: APAC Automotive NFC Market by Application: Interior and Exterior
4.5: ROW Automotive NFC Market
4.5.1: ROW Automotive NFC Market by Vehicle Type: Low-End, Mid-Range, and High-End
4.5.2: ROW Automotive NFC Market by Application: Interior and Exterior
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Automotive NFC Market by Type
6.1.2: Growth Opportunities for the Global Automotive NFC Market by Vehicle Type
6.1.3: Growth Opportunities for the Global Automotive NFC Market by Application
6.1.4: Growth Opportunities for the Global Automotive NFC Market by Region
6.2: Emerging Trends in the Global Automotive NFC Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Automotive NFC Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Automotive NFC Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Sony Corporation
7.2: Infineon Technologies
7.3: Renesas Electronics Corporation
7.4: Qualcomm Technologies
7.5: PREMO
7.6: Panasonic Corporation
7.7: NXP Semiconductors
7.8: MediaTek
7.9: Samsung Semiconductors
7.10: Smartrac N
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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