What is Automotive Near Field Communication System Market Scope?
The automotive Near Field Communication (NFC) market is exploding, propelled by the proliferation of NFC-enabled mobile devices, as well as new automotive service trends including vehicle sharing, corporate fleet management, Bluetooth and Wi-Fi pairing, and the need for customization within automobiles.
Influencing Trend:
Innovative Rising Trend Such as Bluetooth/Wi-Fi Pairing, SmartPhone Centric Solution and Increasing Adoption of Automotive and Advanced Vehicle Security System
Market Growth Drivers:
Demand for Personalization in Luxury Vehicles and The demand for Keyless Entry System to Prevent Vehicle Theft and Offer Convince
Challenges:
Possible Security Concerns Such as Data Corruption, Interception Attack, and Physical Attack Can Hinder the Automotive Near Field Communication Market
Restraints:
High-Cost Installation and Manufacturing of NFCs Act can Constrain the Automotive Near Field Communication Market
Opportunities:
Rise in the Government Regulation of Advanced Driver Assistance System and Proliferation in the Car Will Grow the Automotive Near Field Communication Market and Growing Acceptance of NFC Enabled Mobile Phones for Different Application across Automotive Sector will Enhance the Automotive Near Field Communication Market
The Automotive Near Field Communication System market study is being classified by Type (Automotive Keyless Entry System, Broadcasting and Information System and Other), by Application and major geographies with country level break-up.
Automotive Near Field Communication System is a fragmented market due to the presence of a large number of established competitors. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Automotive Near Field Communication System market throughout the predicted period.
NXP Semiconductors (Netherlands), Delphi Automotive (Ireland), Broadcom (United States), Invers (Germany), Qualcomm (United States), Texas Instruments (United States), Veoneer (Sweden), STMicroelectronics (Switzerland), Marquardt Group (Germany), Denso (Japan) and Alps Electric (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Convadis (Switzerland), Continental (Germany) and Microchip Technology (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Automotive Near Field Communication System market by Type, Application and Region.
On the basis of geography, the market of Automotive Near Field Communication System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
On 27 Aug 2020, Veoneer, Inc. and Qualcomm Technologies collaborate for a scalable Advanced Driver Assistance System (ADAS), collaborating and Autonomous Driving(AD). By developing advanced driver-assistance systems (ADAS), including safety compliance, the acquisition will help address the growing needs of the automotive ecosystem for scalable and upgradable solutions, which require highly advanced and power-efficient compute connectivity and cloud service capabilities across all vehicle tiers. Veoneer will act as a Tier-1 system integrator for the new solution, in addition to maintaining its present strategies of developing, distributing, and deploying its entire portfolio of ADAS and Collaborative Driving products and systems.
On 10 Mar 2020, NXP announces the launch of the NFC digital car key solution. It enables cellphones, key fobs, and other mobile devices to securely interact with automobiles, store digital keys, verify them, and share them. The solution improves car access convenience by providing the secure foundation needed to enable new features such as key sharing, multi-car access, and configurable driving rights. The solution, which is based on NXP's automotive-qualified secure element and NFC chipsets, adheres to the Car Connectivity Consortium's Standardization Release architecture, which has been endorsed by the world's top carmakers, smartphone manufacturers, and electronics suppliers.
Key Target Audience
Automotive Near Field Communication Manufacturers, Automotive Near Field Communication Distributors and Suppliers, Automotive Near Field Communication International Traders, Research and Development Institutes, Financial Institutes and Investors, Upstream and Downstream Buyers, Regulatory Bodies and Others
Automotive Near Field Communication System Market Study: Important Years
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD N) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Automotive Near Field Communication System Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Automotive Near Field Communication System industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.