Automotive Near Field Communication System Market by Manufacturers, Countries, Type and Application, Forecast to 2021
Technavios analysts forecast the global automotive NFC system market to grow at a CAGR of 70.52% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global automotive NFC system market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of automotive NFC systems.
The market is divided into the following segments based on geography:
Technavio's report, Global Automotive NFC System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Other prominent vendors
Huf Hülsbeck & Fürst
Miveo Car-Sharing Technologies
Safran Identity & Security
Growing acceptance of NFC-enabled mobile phones for different applications across industry verticals
For a full, detailed list, view our report
Addition of NFC systems increasing the existing cost pressures on OEMs
For a full, detailed list, view our report
Increasing adoption of automatic vehicle identification systems in transit junctions
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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Technavio Announces the Publication of its Research Report Global Automotive NFC System Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive NFC system market: Continental, Delphi Automotive, NXP Semiconductors, and Valeo
Other Prominent Vendors in the market are: ALPS ELECTRIC, Atmel, C2G logic, Convadis, DENSO, HELLA, Huf Hülsbeck & Fürst, INVERS, Marquardt, Miveo Car-Sharing Technologies, OMRON, OTA keys, Safran Identity & Security, Tapkey, Tapkey, and Zemt
Commenting on the report, an analyst from Technavios team said: The automotive industry, just like the smartphone industry, has been witnessing an influx of apps from vehicle maintenance to insurance, infotainment, and navigation system providers. On a similar note, the automotive industry's rapidly evolving mobility businesses, such as vehicle sharing businesses, have been witnessing the entry of several market participants because of the promising growth opportunities. These market participants include mobility business providers, mobility service providers, and mobility solution providers. These business services are predominantly enabled through smartphones. As smartphones are becoming an essential part of these business services, the technology that the smartphone industry has embraced or will embrace is bound to foray into the mobility business.
According to the report, traditionally, conventional mechanical keys were used to lock or unlock vehicle doors. The major causes of vehicle theft stemmed from the fact that mechanical keys were stolen or left inside the vehicle by mistake. The advent of electronic keyless entry systems changed this scenario drastically because vehicle access is now linked to electromagnetic frequency and communication wavelengths. The adoption of keyless entry systems helped to drastically reduce the number of vehicle thefts. NFC plays a pivotal role in the development of keyless entry systems. The feature also offers significant convenience when multiple users use the same car during different times, especially for non-personal or commercial use. Managing commercial fleets when drivers operate in shifts needs the use of multiple keys, which may potentially be lost due to mishandling. However, access control through NFC-enabled mobile phones and NFC-enabled door unlock/lock systems can offer significant convenience to drivers and fleet managers. As per the need, fleet managers can transfer the vehicle key through mobile phones and the accessibility of the keys from fleet managers to drivers becomes faster, safer, and convenient.
Further, the report states that although OEMs and suppliers have developed technologies to prevent this kind of hacking, a completely foolproof system has yet not been developed. One such development is the rolling code system, which generates different codes every time the fob key is used to secure the vehicle. This means that a unique code for every single use makes it difficult to hack and replicate the entry system. However, experts have observed that black market devices (such as RollJam) can defeat this system by blocking the first signal and recording the second signal, i.e., a driver trying to unlock the car sends the first signal (which is blocked by RollJam), forcing the driver to retry by sending a second signal. Now RollJam releases the first signal to unlock while recording the second signal. This technique helps the miscreant to unlock and gain unauthorized access to the vehicle.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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