Automotive Near Field Communication market report has been prepared by considering several fragments of the present and upcoming market scenario. The market insights gained through this market research analysis report facilitates more clear understanding of the market landscape, issues that may interrupt in the future, and ways to position definite brand excellently. It consists of most-detailed market segmentation, thorough analysis of major market players, trends in consumer and supply chain dynamics, and insights about new geographical markets. The market insights covered in Automotive Near Field Communication report simplifies managing marketing of goods and services effectively.
Data Bridge Market Research analyses that the automotive near field communication (NFC) market was valued at USD 984.5 million in 2021 and is expected to reach USD 8240.80 million by 2029, registering a CAGR of 30.42% during the forecast period of 2022 to 2029.
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Market Overview:
NFC (Near Field Communication) in automobiles is a two-way communication technology that permits communication or interaction between two devices within a few centimetres of one other. It's a straightforward method of transmitting data across devices. The vehicle user can utilize NFC to customize their vehicle environment, such as changing the lighting and air conditioning.
Some of the major players operating in the automotive near field communication (NFC) market are:
- Broadcom (US)
- 3M (US)
- Texas Instruments Incorporated (US)
- Telit (UK)
- STMicroelectronics (Switzerland)
- Sony Corporation (Japan)
- AVERY DENNISON CORPORATION (US)
- SAMSUNG (South Korea)
- Panasonic Corporation (Japan)
- Alpine Electronics Inc. (Japan)
- NXP Semiconductors (Netherlands)
- Polaris Industries, Inc (US)
- FeliCa Networks, Inc (Japan)
- CCL Industries (Canada)
- LINTEC Corporation (Japan)
- Robert Bosch GmbH (Germany)
- Telefonaktiebolaget LM Ericsson (Sweden)
Global Automotive Near Field Communication (NFC) Market Regional Analysis/Insights
The automotive near field communication (NFC) market is analysed and market size insights and trends are provided by country, type, vehicle type, application and industry vertical as referenced above.
The countries covered in the automotive near field communication (NFC) market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.
Europe dominates the automotive near field communication (NFC) market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the rising number of government regulations mandating the use of ADAS in this region. Additionally, the increase in proliferation of internet of things (IoT) in cars will propel the market’s growth rate in this region.
Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period of 2022 to 2029 due to the growing government regulations mandating the use of ADAS in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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TABLE OF CONTENTS
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers and Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
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