The global automotive NFC market is estimated to grow at a CAGR of over 20% during the forecast period. The NFC (Near Field Technology) is a bidirectional short-range communication technology that works on the electromagnetic field induction for the safe and secured data transfer. It enables users to exchange information, configure and connect devices and easily access services such as contactless payment and e-ticketing.
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The automotive NFC market is primarily driven by the features offered by the NFC-enabled devices and newest automotive trends that allow car sharing, corporate fleet management wi-fi pairing, and personalization inside cars. The automotive NFC helps in connecting vehicles and keys to portable devices and infrastructure. This opens lucrative opportunities for the market in various applications such as car access, engine start, create personalized settings, set up Wi-Fi and WLAN connections, acquire vehicle information, make in-car payment for videos, tolls and others, and vehicle management.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Automotive NFC Market – Segmentation
By Type
- 106 Kbit/S
- 212 Kbit/S
- 424 Kbit/S
By Application
- On-Board Units
- Car Keys
- Others
Global Automotive NFC Market – Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive NFC market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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