Automotive NFC Market Report: Trends, Forecast and Competitive Analysis to 2030

Automotive NFC Market Report: Trends, Forecast and Competitive Analysis to 2030

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?

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