The global automotive NFC market is expected to reach US$ 35 Billion by 2032 while displaying a CAGR of 30.2% during the timeframe of 2022 to 2032. The market is estimated to be valued at US$ 3.26 Billion in 2022 and US$ 2.5 Billion in 2021. Growing regulations of the government mandating the application of Advanced Driving Assistance Systems (ADAS) are expected to influence the market positively.
| Report Attributes | Details |
|---|---|
| Estimated Base Year Value (2021) | US$ 2.5 Billion |
| Anticipated Market Value (2022) | US$ 3.26 Billion |
| Expected Forecast Value (2032) | US$ 35 Billion |
| Projected CAGR (2022 to 2032) | 30.2% |
The 212 Kbit/S automotive NFC type is anticipated to dominate the segment by expanding at a healthy CAGR during the forecast period. Development of the segment can be attributed to its increasing demand in high-end and mid-range automotive as they offer optimum data transmission speeds to automotive electronic components. On the other hand, the 106 Kbit/S automotive segment is expected to be a lucrative segment during the forecast period. The NFC tags with 106 Kbit/S are witnessing a significant demand in lower-end automobiles as their electronic components demand lower data transmission speeds.
The mid-range vehicle segment in automotive NFC is anticipated garner maximum traction during the forecast period. The development of the segment can be attributed to the growing adoption of luxury car features in the mid-range car segment. NFC technology consumes lesser power, which is another factor supporting the integration of NFC technology in mid-range vehicles. Further, the automotive players are offering consumers in-built vehicles personalized features like the infotainment system, lights, setting air conditioning, and target destination, among others.
In June 2022, Nio ES7 revealed another electric SUV with its debut ES7. The vehicle contains NFC support for alternative vehicles access methods such as smart keys and cards. Such initiatives are expected to benefit the market during the forecast period.
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The automotive NFC market is expected to grow in the coming period owing to the rising penetration of the Internet of Things (IoT), facial recognition, machine learning, big data, and others for upgrading the automotive specifics. Integration of modern technologies in automobiles is likely to widen the market size by offering growth opportunities to the industry. Such initiatives by players have increased the number of Electronic Control Units (ECUs) per vehicle. For instance, there are about 70 ECUs integrated into advanced vehicles, and the number is expected to increase to 500 in the coming time, which is higher than a rocket or space shuttle.
Expansion of the brand in developing nations has been identified as a significant opportunity for the market. For instance, in June 2022, French Car manufacturer, Citroen announced to launch of its first mass-market vehicle ‘The C3’ in the Indian market on July 20, 2022. The vehicle features a digital driver’s display and a 10-inch touchscreen infotainment system with Android Auto and Apple CarPlay as standard. Such initiatives are anticipated to positively impact the demand for NFC in the forecast period, thus, strengthening the automotive NFC market.
Lack of awareness and low adoption rate of NFC in automobiles by underdeveloped or developing nations are expected to hamper the market growth during the forecast period. Also, expenses associated with the technology are another factor likely to hinder the industry growth in the coming period.
However, emerging opportunities such as increasing demand for luxury vehicles, and rising integration of advanced technology in the automotive sector are anticipated to act as a significant counter to negative factors and propel the market expansion in the forecast period.
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As per the analysis, Europe is expected to dominate the global market during the forecast period. Domination of the market can be attributed to the presence of key OEMs in the region along with the massive production of vehicles in the region. Also, the presence of key infotainment systems in Europe like Robert Bosch GmbH is anticipated to drive the regional market in the forecast period.
Supportive government initiatives are expected to benefit the market during the forecast period. As per European Data, in 2019 there were approximately 24,620 deaths due to road accidents. Thus, institutional bodies of the European Union and the General Safety Regulation were updated. As per the latest update, Advanced Driver Assistance Systems (ADAS) would be mandated in the newly registered vehicles. Implementation of such rules is expected to boost the demand for NFC in automobiles, thus, benefitting the industry in the forecast period.
According to the analysis, Asia Pacific (APAC) is anticipated to be the most lucrative market during the forecast period owing to the presence of developing nations that have various untapped markets. Besides, the surging disposable income owing to the rapid economic development along with the ongoing development in the automobile sector is expected to widen the market size in the coming time.
Growing initiatives of globally renowned players to enhance their sales in the region are expected to benefit the industry in the coming time. For instance, in 2019, the Hector Company sold 62.5 thousand connected cars in India. In another instance, Honda introduced connected car technology platform and there were about 30 thousand unit sales in 2020. Other than these, favorable initiatives taken by the government are anticipated to further augment the market size in the Asia Pacific.
For instance, in 2017, the Government of India passed a regulation that mandated heavy vehicles and passenger cars to be integrated with ADAS systems which can apply automated brakes if it senses any objects on the road. Such factors are likely to increase demand for automotive NFC in Asia Pacific and benefit the industry in the assessment period.
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Key players in the global automotive NFC market include Sony Corporation, NXP Semiconductors N.V., Broadcom Inc., Samsung Electronics Co. Ltd., STMicroelectronics N.V., Panasonic Corporation, Alpine Electronics Inc., Smartrac N.V, and PREMO S.A.
| Report Attribute | Details |
|---|---|
| Growth Rate | 30.2% CAGR from 2022 to 2032 |
| Market Value in 2022 | US$ 3.26 Billion |
| Market Value in 2032 | US$ 35 Billion |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | US$ Million for Value |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Type, Vehicle Type, Application, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East & Africa |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, France, United Kingdom, Italy, Spain, China, Japan, South Korea, Malaysia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Israel |
| Key Companies Profiled | Sony Corporation; NXP Semiconductors N.V.; Broadcom Inc.; Samsung Electronics Co. Ltd.; STMicroelectronics N.V.; Panasonic Corporation; Alpine Electronics Inc.; Avery Dennison; PREMO S.A. |
| Customization Scope | Available upon Request |
The global automotive NFC market is estimated to grow at over 30% CAGR from 2022 to 2032
Known players in the global automotive NFC market are Sony Corporation, NXP Semiconductors N.V., Broadcom Inc., and Samsung Electronics Co. Ltd. among others.
1. Executive Summary | Automotive NFC Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and Their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyers 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2017 to 2021 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2022 to 2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Type, 2017 to 2021 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Type, 2022 to 2032 5.3.1. 106 Kbit/s 5.3.2. 212 Kbit/s 5.3.3. 424 Kbit/s 5.4. Y-o-Y Growth Trend Analysis By Type, 2017 to 2021 5.5. Absolute $ Opportunity Analysis By Type, 2022 to 2032 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2017 to 2021 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2022 to 2032 6.3.1. On Board Value (US$ Million) & Volume (Units)s 6.3.2. Car Keys 6.3.3. Other Applications 6.4. Y-o-Y Growth Trend Analysis By Application, 2017 to 2021 6.5. Absolute $ Opportunity Analysis By Application, 2022 to 2032 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Sales Channel 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Sales Channel, 2017 to 2021 7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Sales Channel, 2022 to 2032 7.3.1. Aftermarket 7.3.2. OEM 7.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2017 to 2021 7.5. Absolute $ Opportunity Analysis By Sales Channel, 2022 to 2032 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Vehicle Type 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Vehicle Type, 2017 to 2021 8.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Vehicle Type, 2022 to 2032 8.3.1. Passenger Car 8.3.2. Compact Vehicle 8.3.3. Mid-size Vehicle 8.3.4. Premium Vehicle 8.3.5. Luxury Vehicle 8.3.6. SUV 8.3.7. Light Commercial Vehicle 8.3.8. Heavy Commercial Vehicle 8.4. Y-o-Y Growth Trend Analysis By Vehicle Type, 2017 to 2021 8.5. Absolute $ Opportunity Analysis By Vehicle Type, 2022 to 2032 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 9.1. Introduction 9.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2017 to 2021 9.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2022 to 2032 9.3.1. North America 9.3.2. Latin America 9.3.3. Europe 9.3.4. Asia Pacific 9.3.5. Middle East and Africa 9.4. Market Attractiveness Analysis By Region 10. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 10.2.1. By Country 10.2.1.1. USA 10.2.1.2. Canada 10.2.2. By Type 10.2.3. By Application 10.2.4. By Sales Channel 10.2.5. By Vehicle Type 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Type 10.3.3. By Application 10.3.4. By Sales Channel 10.3.5. By Vehicle Type 10.4. Key Takeaways 11. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 11.2.1. By Country 11.2.1.1. Brazil 11.2.1.2. Mexico 11.2.1.3. Rest of Latin America 11.2.2. By Type 11.2.3. By Application 11.2.4. By Sales Channel 11.2.5. By Vehicle Type 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Type 11.3.3. By Application 11.3.4. By Sales Channel 11.3.5. By Vehicle Type 11.4. Key Takeaways 12. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 12.2.1. By Country 12.2.1.1. Germany 12.2.1.2. United Kingdom 12.2.1.3. France 12.2.1.4. Spain 12.2.1.5. Italy 12.2.1.6. Rest of Europe 12.2.2. By Type 12.2.3. By Application 12.2.4. By Sales Channel 12.2.5. By Vehicle Type 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Type 12.3.3. By Application 12.3.4. By Sales Channel 12.3.5. By Vehicle Type 12.4. Key Takeaways 13. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.1.4. Malaysia 13.2.1.5. Singapore 13.2.1.6. Australia 13.2.1.7. New Zealand 13.2.1.8. Rest of Asia Pacific 13.2.2. By Type 13.2.3. By Application 13.2.4. By Sales Channel 13.2.5. By Vehicle Type 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Type 13.3.3. By Application 13.3.4. By Sales Channel 13.3.5. By Vehicle Type 13.4. Key Takeaways 14. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021 14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of Middle East and Africa 14.2.2. By Type 14.2.3. By Application 14.2.4. By Sales Channel 14.2.5. By Vehicle Type 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Type 14.3.3. By Application 14.3.4. By Sales Channel 14.3.5. By Vehicle Type 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. USA 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2021 15.1.2.1. By Type 15.1.2.2. By Application 15.1.2.3. By Sales Channel 15.1.2.4. By Vehicle Type 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2021 15.2.2.1. By Type 15.2.2.2. By Application 15.2.2.3. By Sales Channel 15.2.2.4. By Vehicle Type 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2021 15.3.2.1. By Type 15.3.2.2. By Application 15.3.2.3. By Sales Channel 15.3.2.4. By Vehicle Type 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2021 15.4.2.1. By Type 15.4.2.2. By Application 15.4.2.3. By Sales Channel 15.4.2.4. By Vehicle Type 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2021 15.5.2.1. By Type 15.5.2.2. By Application 15.5.2.3. By Sales Channel 15.5.2.4. By Vehicle Type 15.6. United Kingdom 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2021 15.6.2.1. By Type 15.6.2.2. By Application 15.6.2.3. By Sales Channel 15.6.2.4. By Vehicle Type 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2021 15.7.2.1. By Type 15.7.2.2. By Application 15.7.2.3. By Sales Channel 15.7.2.4. By Vehicle Type 15.8. Spain 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2021 15.8.2.1. By Type 15.8.2.2. By Application 15.8.2.3. By Sales Channel 15.8.2.4. By Vehicle Type 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2021 15.9.2.1. By Type 15.9.2.2. By Application 15.9.2.3. By Sales Channel 15.9.2.4. By Vehicle Type 15.10. China 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2021 15.10.2.1. By Type 15.10.2.2. By Application 15.10.2.3. By Sales Channel 15.10.2.4. By Vehicle Type 15.11. Japan 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2021 15.11.2.1. By Type 15.11.2.2. By Application 15.11.2.3. By Sales Channel 15.11.2.4. By Vehicle Type 15.12. South Korea 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2021 15.12.2.1. By Type 15.12.2.2. By Application 15.12.2.3. By Sales Channel 15.12.2.4. By Vehicle Type 15.13. Malaysia 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2021 15.13.2.1. By Type 15.13.2.2. By Application 15.13.2.3. By Sales Channel 15.13.2.4. By Vehicle Type 15.14. Singapore 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2021 15.14.2.1. By Type 15.14.2.2. By Application 15.14.2.3. By Sales Channel 15.14.2.4. By Vehicle Type 15.15. Australia 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2021 15.15.2.1. By Type 15.15.2.2. By Application 15.15.2.3. By Sales Channel 15.15.2.4. By Vehicle Type 15.16. New Zealand 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2021 15.16.2.1. By Type 15.16.2.2. By Application 15.16.2.3. By Sales Channel 15.16.2.4. By Vehicle Type 15.17. GCC Countries 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2021 15.17.2.1. By Type 15.17.2.2. By Application 15.17.2.3. By Sales Channel 15.17.2.4. By Vehicle Type 15.18. South Africa 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2021 15.18.2.1. By Type 15.18.2.2. By Application 15.18.2.3. By Sales Channel 15.18.2.4. By Vehicle Type 15.19. Israel 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2021 15.19.2.1. By Type 15.19.2.2. By Application 15.19.2.3. By Sales Channel 15.19.2.4. By Vehicle Type 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Type 16.3.3. By Application 16.3.4. By Sales Channel 16.3.5. By Vehicle Type 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Sony Corporation 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. NXP Semiconductors N.V. 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. Broadcom Inc. 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. Samsung Electronics Co. Ltd. 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. STMicroelectronics N.V. 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.6. Panasonic Corporation 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.7. Alpine Electronics Inc. 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 17.1.8. Avery Dennison 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.8.5.2. Product Strategy 17.1.8.5.3. Channel Strategy 17.1.9. PREMO S.A. 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.9.5.2. Product Strategy 17.1.9.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
Technology
September 2020
REP-GB-12541
March 2023
250 pages
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Automotive NFC Market
