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Automotive NFC Market: What will be the Future Growth Opportunities in Global Industry

Author : Ronak Bora | Published Date : 2019-04-15 

The report presenting a comprehensive exploration of the global Automotive NFC market encloses the rate of growth of the market over the projected duration. Providing a concise synopsis, the report determines the valuation and size of the industry in the near future. It also includes the major contributing factors to the growth of the global Automotive NFC market as well as the dominating players in the market coupled with their market share.

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This technology enables the driver in pairing a mobile device by merely tapping it against the windshield or dashboard, instead of navigating among the menus on in-car center console screen and the mobile device screen. Further, it aids in getting content such as music channels, contacts, video content and messages from a tablet or a smartphone device to the car’s infotainment system. Ease of access to the personal content while driving is forecast to fuel global automotive NFC market from 2016 to 2023.

Near field communication provides a reasonable way that enables car manufacturers to customize the vehicle driving experience according to user requirements and also provide drivers with a way to access the vehicle related data from their smartphone.  Automotive NFCs are now integrated with smartphone & Bluetooth and that enable the custom apps and key fobs to be used to let drivers intimate about the next refueling cycle, generate oil change reminder and also point out the vehicle’s location, even when the driver is away from the car. Surging adoption of smart devices accompanied by ease of communication offered by these systems is predicted to positively impact automotive NFC market growth over the next seven years.

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The technology comprises a set of principles that help in establishing a wireless connection between smart devices. The connection is established either at a very close proximity or by just a brief contact with the device. NFC pairing is also called tap-to-connect technology. It helps in simplifying the set-up process for smartphone connectivity within the vehicle and also offers a wide range of comfort as well as convenience applications. The aforementioned features are projected to boost the automotive NFC market demand over the forecast period.

Asia Pacific automotive NFC market share is forecast to witness high growth from 2016 to 2023. This can be attributed to increasing adoption of smart devices across the region. North America is likely to continue its dominance over the next seven years.

Industry participants accumulating significant share encapsulate Sony, FeliCa, NXP and Broadcom. Other prominent industry players include STMicroelectronics, Samsung, and Polaric.

Browse Complete Report Summary @ www.gminsights.com/industry-analysis/automotive-nfc-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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