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Automotive NFC Market to 2025 - Leading Players ST Microelectronics, Samsung Corporation, Polaric, FeliCa, Broadcom Communications, Smartrac, Alpine Electronics, Panasonic

01-31-2019 04:55 AM CET | Logistics & Transport

Press release from: The Insight Partners

Automotive NFC Market

Automotive NFC Market

The usage of NFC in contactless payments has gained rapid prominence in the last few years. Similarly, the benefits of this technology are also being realized in the automotive field for enhanced in-vehicle user experience. The NFC in automobiles simplifies the pairing of device with the car just on a single tap and within few seconds. It can be then utilized by passengers or driver of the car to customize the in-vehicle environment such as air condition, music system, radio controls etc. as per his/her needs. NFC is anticipated to be of great use in the emergence of emerging concepts such as car sharing, car rental, and corporate fleet management.

Rapid growth of smart devices such as smartphones and tablets coupled with the heavy advancements in the device communication technologies, burgeoning demands for a customized user experiences in the automobiles especially the premium cars segment and growing adoptions of luxury cars in the mid-priced car segments are some of the factors that would drive growth of automotive NFC market during the forecast period. Factors such as complexities in Automotive NFC coupled with associated high costs put a pressure on the automotive OEMs to drive down the total cost of ownership for the automobile and concerns around the short range connectivity of systems hinder the growth in the coming few years. However, growing awareness of short range communication owing to the lesser hassles in connectivity are likely to provide good opportunity platform for the market players especially in the developing countries of Asia Pacific and African region.

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The key players influencing the market are:

1. ST Microelectronics
2. Samsung Corporation
3. Polaric
4. SONY Corporation
5. FeliCa
6. NXP Semiconductors
7. Broadcom Communications
8. Smartrac N.V.
9. Alpine Electronics Inc.
10. Panasonic Corporation

Automotive NFC Market aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.

Automotive NFC Market - Global Analysis to 2025 is an expert compiled study which provides a holistic view of the market covering current trends and future scope with respect to product/service, the report also covers competitive analysis to understand the presence of key vendors in the companies by analyzing their product/services, key financial facts, details SWOT analysis and key development in last three years. Further chapter such as industry landscape and competitive landscape provides the reader with recent company level insights covering mergers and acquisitions, joint ventures, collaborations, new product developments/strategies taking place across the ecosystem. The chapters also evaluate the key vendors by mapping all the relevant products and services to exhibit the ranking/ position of top 5 key vendors.

Automotive NFC Market is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2025, considering 2018 as the base year and 2018 – 2025 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions. The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.

Key Benefits

This report provides a detailed study of market trends and forecast from 2019 to 2025, which assist to identify the prevailing market opportunities.
In-depth coverage of the global market that includes drivers, restraints, and opportunities, helps professionals to understand the market behavior in a better way.
This study further includes market share analysis in terms of type and applications.
Detailed study of the strategies of key leaders, partnerships, and acquisitions in the market is provided.
orter’s Five Forces analysis examines the competitive structure of the market and assists strategists in better decision-making.

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Reason To Buy
Highlights key business priorities in order to assist companies to realign their business strategies

- Highlights Automotive NFC Market hereby allowing organizations to gain revenues by focusing majorly on select products
- The key findings and recommendations highlight crucial progressive industry trends in the Automotive NFC Market, thereby allowing players across the value chain to develop effective long term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
- Examine the current and future impact of the market and PEST analysis for regions such as North America, Europe, APAC, Middle-East & Africa and South America

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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