Automotive NFC Market 2021 Growth, Trends, Leading Players and Business Insights Forecast to 2031 | MediaTek Inc., NXP Semiconductors N.V., Panasonic Corporation, PREMO S.A.

New York, According to a new market research report published by Global Insight Services Automotive NFC Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Automotive NFC is a technology that allows vehicles to communicate with each other and with other devices using NFC (Near Field Communication) technology. NFC-enabled devices can exchange data wirelessly over very short distances (typically less than 4 inches). Automotive NFC can be used for a variety of applications, including infotainment, vehicle diagnostics, and vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communications.

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Key Trends

Some of the key trends in Automotive NFC technology include the following:

1. Increased use of NFC for vehicle access and ignition: NFC-enabled car keys and fobs are becoming increasingly common, as they offer a more convenient and secure way to unlock and start a vehicle. This trend is being driven in part by the rise of connected and autonomous vehicles, which require a more sophisticated and user-friendly way to control access and manage vehicle data.

2. NFC for in-car payments and infotainment: NFC can be used for a variety of in-car payments and transactions, such as paying for parking, tolls, or gas. Additionally, NFC-enabled infotainment systems are becoming more common, as they offer a more convenient way to control in-car entertainment and information systems.

3. Expansion of NFC into new automotive applications: NFC is being used in a growing number of automotive applications beyond just access and payments. These applications include vehicle diagnostics, maintenance, and repairs. As NFC technology becomes more widespread and sophisticated, it is likely that even more automotive applications will emerge.

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Key Drivers

Automotive NFC is a technology that allows two devices to communicate with each other wirelessly. It is based on the Near Field Communication (NFC) standard, which is short-range wireless communication technology. Automotive NFC can be used for a variety of applications, such as infotainment, vehicle diagnostics, and vehicle-to-vehicle (V2V) communication.

The key drivers of the automotive NFC market are the increasing demand for infotainment systems and the need for V2V communication. Infotainment systems are becoming increasingly popular in vehicles, as they offer a variety of features such as navigation, entertainment, and connectivity.

NFC can be used to provide a seamless user experience by allowing the infotainment system to communicate with other devices, such as smartphones and tablets. V2V communication is a key application of NFC in vehicles, as it allows vehicles to exchange information with each other, such as location, speed, and braking information. This information can be used to improve safety and efficiency on the road.

Market Segmentation

The Automotive NFC Market is segmented by type, vehicle type, industry vertical, and region. By type, the market is divided into 106 Kbit/S, 212 Kbit/S, and 424 Kbit/S. By vehicle type, the market is classified into low range, mid range, and high range. By industry vertical, the market is bifurcated into building & construction, IT & telecom, healthcare, aerospace & defense, industrial, and others. By region, the market is classified into North America, Europe, Asia-Pacific and rest of the world.

Key Players

The key players in the Automotive NFC Market are Infineon Technologies AG, MediaTek Inc., NXP Semiconductors N.V., Panasonic Corporation, PREMO S.A., Qualcomm Technologies, Inc., Renesas Electronics Corporation, Samsung Semiconductors Inc., Smartrac A.N. and Sony Corporation.

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Reasons to buy Automotive NFC Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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