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Pulished Date August, 2021
ID: 12042
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Automotive Near Field Communication (NFC) Market – Segmented By Device Operating Mode (Reader Emulation, Peer To Peer, Card Emulation), By Offering (Non-Auxiliary Products, Auxiliary Products, And Software), By Application (Retail, Transportation, Automotive Residential And Commercial, Medical & Healthcare, Consumer Electronics, Banking & Finance, Hospitality, Education, And Government) And By Geography (Europe Region, North America Region, Asia Pacific Region) – Forecast (2021-2026)

Pulished: August, 2021
ID: 12042
Pages: 150

Automotive Near Field Communication (NFC) Market Size & Growth (2021-2026)

The Automotive Near Field Communication (NFC) market size is valued at 18 billion US dollars in the year 2020, where it is estimated to reach 34.9 billion US dollars by the end of 2026 with an anticipated compound annual growth rate of 14.2% during the forecast period of 2021 to 2026.

It is a two-way communication technology that allows communication or interaction between the two devices is possible within a few centimeter distances. The automotive near field communication is a simple way of exchanging the data between the devices, which the vehicle user can also personalize their vehicle environment.

Driving Factors

The increasing adoption of smartphones across the globe is one of the major driving factors which promotes the growth of the Automotive Near Field Communication (NFC) market. In addition, factors such as the increasing trend of mobile commerce and the growing adoption of wearable technology are driving the market's growth.

Another major driving factor of the Automotive Near Field Communication (NFC) market was a rise in demand for personalization in luxury vehicles propels the growth of revenue of the Automotive Near Field Communication (NFC)s market.

The rising of government regulations mandating the use of ADAS and the rising proliferation of IoT in cars are some of the growth-supporting factors of the Automotive Near Field Communication (NFC) revenue rate during the outlook period.

Another major growth driving factor of the Automotive Near Field Communication (NFC) market was the rise in research and development activities; the growing trend of wearable technology promotes the demand for the Internet of Things in manufacturing.

Challenges

Security concerns related to near field communications, competition from substitute payment methods are also some of the major restraints which hinder the growth of the Automotive Near Field Communication (NFC) Market.

The high cost of the installation and manufacturing of near field communications and issues related to short-range communication are some of the major restraints that hinder the growth of the automotive near field communication revenue rate.

Recent Market Developments

  • NXP semiconductors collaborated with Felica Networks in February 2019 to strengthen the mobile payment and ticketing ecosystem as part of Japan's preparation for worldwide events in the future. NXP's new platform-based solution named PN81 series supports and integrates Felica, EMVCo, and mobile transit MIFARE in a single solution to allow the smartphones and other mobile devices to conveniently bridge mobile payments in Japan also across the borders. 
  • In February 2018, NXP semiconductors announced breakthroughs in GSMA complaint e-SIM solutions that radically make it easier for the device manufacturers to bring the consumers remote SIM provisioning and over-the-air updates with multiple mobile network operators subscriptions. 

Major Challenges in the Marketplace

High manufacturing and maintenance costs pose a huge challenge for the Automotive Near Field Communication (NFC) market demand.

Segmentation Analysis

The Automotive Near Field Communication (NFC) market is segmented on the basis of device operating mode, offering, Application, and geography.

Automotive Near Field Communication (NFC) Market - By Device Operating Mode

  • Reader Emulation
  • Peer to Peer
  • Card Emulation

Among these segments, the reader emulation segment holds the major share of the market since the majority of mobile phones and retail applications in NFC chips are in reader emulation mode. Furthermore, the high adoption of NFC-based mobile wallets such as Gpay, Phonepe, Android Pay, owing to the high demand originating from the payments, helps the market's growth.

Automotive Near Field Communication (NFC) Market - By Offering

  • Non-Auxiliary products
  • Auxiliary products
  • Software

Among these segments, the non-auxiliary products segment holds the major share of the market since these products are designed for smartphones to make contactless payments, access controls, and secure paring with other NFC devices.

Automotive Near Field Communication (NFC) Market - By Application

  • Retail
  • Transportation
  • Automotive
  • Residential & Commercial
  • Medical & Healthcare
  • Consumer Electronics
  • Banking & Finance
  • Hospitality
  • Education 
  • Government

Among these segments, the Banking and Finance segment holds the major share of the market. Moreover, it is expected to hold dominance during the forecast period since the NFC technology uses current mobile technologies and the cloud.

Regional Analysis

Asia Pacific region holds the major share of the market owing to the factors such as increasing adoption of new technologies and also the advancements in organizations across industries, especially in some of the countries such as India, China, and Korea, which helps the growth of the market of Automotive Near Field Communication (NFC)s in Asia Pacific region.

Furthermore, the rise in the research and development activities and growing trend of wearable technology is also one of the major driving factors that propel the market of Automotive Near Field Communication (NFC)s in the Asia Pacific region. Therefore, this Asia Pacific region is expected to hold dominance during the forecast period.

The European region is expected to increase the market value of Automotive Near Field Communication (NFC). The rise in demand for personalization in luxury vehicles propels the growth of the market in the European region.

North America region holds the second-largest share of the market of Automotive Near Field Communication (NFC) owing to the Increasing adoption of smartphones across the especially in some of the emerging economies such as the United States and Canada, promotes the growth of the market of Automotive Near Field Communication (NFC)s to grow further in the North America region.

Latin America and Middle East & Africa are estimated to have declined growth opportunities during the forecast period 2021-2026.

Key Market Players

Some of the key market players of the Automotive Near Field Communication (NFC) market are: 

  • Broadcom Inc.
  • Identive
  • Infineon Technologies
  • MagTek
  • NXP Semiconductors
  • Qualcomm Technologies, Inc.
  • Samsung Electronics Co. Ltd.
  • Sony Corporation
  • Texas Instruments Incorporated
  • Thales Group

Impact of COVID 19 on Automotive Near Field Communication (NFC) Market

Unlike the other industries, the automotive near field communications market has positively impacted due to the COVID 19 owing to the rise in demand for contactless solutions and also growing use of near field communications technology in smart packaging for healthcare. Furthermore, the surge in demand for near-field communications in emerging medical applications due to the COVID pandemic also helps the market to grow further. As per the analysis, the Automotive Near Field Communication (NFC) market in real estate is expected to increase more post-COVID pandemic.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope Of The Report                              

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year And Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market Share Analysis        

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Automotive Near Field Communication (NFC) Market, By Device Operating Mode                      

                                6.1.1 Reader Emulation

                                6.1.2 Peer To Peer          

                                6.1.3 Card Emulation     

                                6.1.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.5 Y-O-Y Growth Rate Analysis             

                                6.1.6 Market Attractiveness Index           

                6.2 Automotive Near Field Communication (NFC) Market, By Application               

                                6.2.1 Non Auxiliary Products       

                                6.2.2 Auxiliary Products                

                                6.2.3 Software 

                                6.2.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.5 Y-O-Y Growth Rate Analysis             

                                6.2.6 Market Attractiveness Index           

                6.3 Automotive Near Field Communication (NFC) Market, By Offering                     

                                6.3.1 Retail         

                                6.3.2 Transportation      

                                6.3.3 Automotive            

                                6.3.4 Residential & Commercial

                                6.3.5 Medical & Healthcare         

                                6.3.6 Consumer Electronics         

                                6.3.7 Banking & Finance

                                6.3.8 Hospitality               

                                6.3.9 Education                

                                6.3.10 Government       

                                6.3.11 Market Size Estimations & Forecasts (2021-2026) 

                                6.3.12 Y-O-Y Growth Rate Analysis           

                                6.3.13 Market Attractiveness Index        

7. Geographical Landscape                                         

                7.1 Global Identity Governance And Administration Market, By Region                   

                7.2 North America - Market Analysis (2021 - 2026)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Device Operating Mode              

                                7.2.3 By Application       

                                7.2.4 By Offering             

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest Of Europe

                                7.3.2 By Device Operating Mode              

                                7.3.3 By Application       

                                7.3.4 By Offering             

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest Of Asia-Pacific

                                7.4.2 By Device Operating Mode              

                                7.4.3 By Application       

                                7.4.4 By Offering             

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest Of Latin America

                                7.5.2 By Device Operating Mode              

                                7.5.3 By Application       

                                7.5.4 By Offering             

                7.6 Middle East And Africa                          

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Device Operating Mode              

                                7.6.3 By Application       

                                7.6.4 By Offering             

8. Key Player Analysis                                    

                8.1 Broadcom Inc.                           

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Identive                       

                8.3 Infineon Technologies                           

                8.4 Magtek                        

                8.5 NXP Semiconductors                              

                8.6 Qualcomm Technologies, Inc.                             

                8.7 Samsung Electronics Co. Ltd.                               

                8.8 Sony Corporation                     

                8.9 Texas Instruments Incorporated                       

                8.10 Thales Group                          

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List Of Tables                    

                List Of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
  • Segment-level analysis in terms of device operating mode, application, offering along with market size forecasts and estimations to detect key areas of industry growth in detail.
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics.
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis.
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development.
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment.
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies.
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions.
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.

Global Automotive Near Field Communication (NFC) Market By Region, From 2021-2026 ( USD Billion )

Global Automotive Near Field Communication (NFC) Market By device operating mode, From 2021-2026 ( USD Billion )

Global Reader Emulation Market By Region, From 2021-2026 ( USD Billion )

Global Peer to peer Market By Region, From 2021-2026 ( USD Billion )

Global card emulation Market By Region, From 2021-2026 ( USD Billion )

Global Automotive Near Field Communication (NFC) Market By Application, From 2021-2026 ( USD Billion )

Global Non Auxiliary products  Market By Region, From 2021-2026 ( USD Billion )

Global Auxiliary products  Market By Region, From 2021-2026 ( USD Billion )

Global Software Market By Region, From 2021-2026 ( USD Billion )

Global Automotive Near Field Communication (NFC) Market By offering, From 2021-2026 ( USD Billion )

Global Retail Market By Region, From 2021-2026 ( USD Billion )

Global Transportation Market By Region, From 2021-2026 ( USD Billion )

Global Automotive Market By Region, From 2021-2026 ( USD Billion )

Global Residential & Commercial Market By Region, From 2021-2026 ( USD Billion )

Global Medical & Healthcare Market By Region, From 2021-2026 ( USD Billion )

Global Consumer Electronics Market By Region, From 2021-2026 ( USD Billion )

Global Banking & Finance Market By Region, From 2021-2026 ( USD Billion )

Global Hospitality Market By Region, From 2021-2026 ( USD Billion )

Global Education  Market By Region, From 2021-2026 ( USD Billion )

Global Government Market By Region, From 2021-2026 ( USD Billion )

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