PUBLISHER: Lucintel | PRODUCT CODE: 1387140
PUBLISHER: Lucintel | PRODUCT CODE: 1387140
Automotive NFC Trends and Forecast
The future of the global automotive NFC market looks promising with opportunities in the interior and exterior markets. The global automotive NFC market is expected to reach an estimated $12 billion by 2030 with a CAGR of 14.4% from 2024 to 2030. The major drivers for this market are increasing penetration of convenience and safety features in vehicles, rising use of the internet of things in automotive, and growing demand for connected cars.
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Automotive NFC by Segment
The study includes a forecast for the global automotive NFC by type, vehicle type, application, and region.
Automotive NFC Market by Type [Shipment Analysis by Value from 2018 to 2030]:
Automotive NFC Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
Automotive NFC Market by Application [Shipment Analysis by Value from 2018 to 2030]:
Automotive NFC Market by Region [Shipment Analysis by Value from 2018 to 2030]:
List of Automotive NFC Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive NFC companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive NFC companies profiled in this report include-
Automotive NFC Market Insights
Lucintel forecasts that mid-range will remain the largest segment over the forecast period due to the growing penetration of luxury car features in the mid-range car segment.
Within this market, interior will remain the larger segment due to growing applications for NFC technology in the interior of vehicles, which include keyless entry and start systems, infotainment systems, climate control systems, and navigation systems.
APAC is expected to remain the largest segment due to significantly growing automotive industry and increasing vehicle production in China and India.
Features of the Global Automotive NFC Market
Market Size Estimates: Automotive NFC market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Automotive NFC market size by type, vehicle type, application, and region in terms of value ($B).
Regional Analysis: Automotive NFC market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, vehicle types, applications, and regions for the automotive NFC market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive NFC market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q.1 What is the automotive NFC market size?
Answer: The global automotive NFC market is expected to reach an estimated $12 billion by 2030.
Q.2 What is the growth forecast for automotive NFC market?
Answer: The global automotive NFC market is expected to grow with a CAGR of 14.4% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the automotive NFC market?
Answer: The major drivers for this market are increasing penetration of convenience and safety features in vehicles, rising use of the internet of things in automotive, and growing demand for connected cars.
Q4. What are the major segments for automotive NFC market?
Answer: The future of the automotive NFC market looks promising with opportunities in the interior and exterior markets.
Q5. Who are the key automotive NFC market companies?
Answer: Some of the key automotive NFC companies are as follows:
Q6. Which automotive NFC market segment will be the largest in future?
Answer: Lucintel forecasts that mid-range will remain the largest segment over the forecast period due to the growing penetration of luxury car features in the mid-range car segment..
Q7. In automotive NFC market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to remain the largest segment due to significantly growing automotive industry and increasing vehicle production in China and India.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.