Global Automotive Near Field Communication System Market 2017-2021

Published: Mar 2017 Pages: 70 SKU: IRTNTR12125

Overview of the global automotive near field communication system market

Technavio’s market research report predicts that the global automotive near field communication system market will grow at a stupendous CAGR of above 70% during the forecast period. One of the primary drivers of the market’s growth is the rising acceptance of NFC-enabled mobile phones for different applications across the industry verticals. NFC technology allows transactions to be made by connecting the NFC-enabled smartphones at NFC-ready POS terminals, thus eliminating the need to carry cards for different purposes. The transactions will be quicker compared to the conventional cash or card payment methods. Furthermore, with the development of smart posters individuals will be able to obtain information about products and services by scanning it using NFC-enabled devices. Also, the automotive NFC systems are also gaining huge popularity in the automotive industry where the pairing of phones with in-vehicle systems can be done and further enhancing the user experience and driving the market’s growth in the forecast period.                

One of the latest trends that will gain traction in the global automotive near field communication system market is the emergence and rapid growth in mobility business, services, and solutions. Like the smartphone’s wide popularity, the automotive industry has been evolving with mobility businesses, vehicle sharing businesses and has been witnessing the entry of numerous market participants. These market participants are mobility business providers, mobility service providers, and mobility solution providers, whose businesses are mainly enabled through smartphones. Moreover, the growth drivers for these mobility services will add to the growth of the automotive NFC systems.

Competitive analysis and key vendors

With the technological advancements modernizing applications in the automobile industry, the value chain contributors are bound to widen and branch out with respect to the player’s categories. Chip manufacturers to software providers, cyber security players, hardware providers, technology solutions providers, newer business players with distinct business models are some of the contributors for the market. Moreover, in order to develop strong, secure, adaptable solutions, partnerships remain as the prime factor for developing business models and make NFC technology a commercial successful one adding to the growth of the market.

Key vendors in the market are:

  • Continental
  • Delphi Automotive
  • NXP Semiconductors
  • Valeo

Other prominent vendors include ALPS ELECTRIC, Atmel, C2G logic, Convadis, DENSO, HELLA, Huf Hülsbeck & Fürst, INVERS, Marquardt, Miveo Car-Sharing Technologies, OMRON, OTA keys, Safran Identity & Security, Tapkey, Tapkey, and Zemtu.

Segmentation by geography and analysis of the global automotive near field communication system market

  • North America
  • Europe
  • ROW

During 2016, North America led the global automotive near field communication system market and is expected to continue the lead in the next four years. The US holds the maximum number of R&D projects in the advanced sensing technologies field and was also the first country to introduce the legislation to authorize the testing of automated vehicles complementing the market growth in the region.

Growth drivers, challenges, and upcoming trends: Difference in pace of technological developments between smartphone industry and automotive industry

An infotainment system on a car is much more expensive than an application available on a smartphone. Therefore, automotive manufacturers, are joining hands with automotive infotainment and OS developers and are majorly investing on designing and developing voice recognition software, navigation systems, and platforms. Most of these features are either preinstalled on smartphones or can be downloaded easily. Thus, this poses as a challenge for the smartphone-based applications like NFC-based applications in automobiles to keep up with the smartphone market by proving all the features.

This report provides a number of factors contributing to the adoption, limitations, and opportunities of the global automotive near field communication system market. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global automotive near field communication system market?
  • What are the key market trends impacting the global automotive near field communication system market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global automotive near field communication system market?
  • What are the market opportunities and threats faced by the vendors in the global automotive near field communication system market?
  • Trending factors influencing the market shares of the North America, Europe, and MEA
  • What are the key outcomes of the five forces analysis of the global automotive near field communication system market?

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Table of Contents

PART 01: Executive summary

PART 02: Scope of  the report

PART 03: Research Methodology

PART 04: Introduction

  • Key market highlights
  • Value chain analysis
  • Regulatory framework

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Geographical segmentation

  • Automotive near field communication system market in North America
  • Automotive near field communication system market in Europe
  • Automotive near-field communication system market in ROW

PART 07: Market drivers

  • Keyless entry systems help prevent vehicle theft and offer convenience
  • Growing acceptance of NFC-enabled mobile phones for different applications across industry verticals
  • Increasing demand for advanced and enhanced vehicle security mechanisms owing to the need for addressing vehicle theft
  • Push from insurance companies
  • Increasing demand from consumers for more automotive applications with a focus on comfort and security
  • Penetration of consumer electronics, connected car solutions, and wireless connectivity in automobiles likely to provide economies of scale
  • Rising demand for smartphone integration pushing the demand for connected car technologies

PART 08: Market challenges

  • Potential hacking threat to mobile phone networks may prove detrimental to the security provided by NFC-enabled access control systems
  • Smartphone-induced driver distraction
  • Addition of NFC systems increasing the existing cost pressures on OEMs
  • Sensitivity issues of the system can impede with the functional goals of a security system
  • Competition from other wireless technologies

PART 09: Market trends

  • Emergence and rapid growth in mobility business, services, and solutions
  • Difference in pace of technological developments between smartphone industry and automotive industry
  • Increasing adoption of automatic vehicle identification systems in transit junctions

PART 10: Vendor landscape

  • Other prominent vendors

PART 11: Key vendor analysis

  • Continental
  • Delphi Automotive
  • NXP Semiconductors
  • Valeo

PART 12: Appendix

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Key Questions Answered

  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?

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