The usage of NFC in contactless payments has gained rapid prominence in the last few years. Similarly, the benefits of this technology are also being realized in the automotive field for enhanced in-vehicle user experience. The NFC in automobiles simplifies the pairing of device with the car just on a single tap and within few seconds.
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Market Analysis and Insights: Global Automotive NFC Market
The “Global Automotive NFC Market Analysis” is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the electric motorcycle and scooter market with detailed market segmentation by battery, technology, range and geography. The report provides key statistics on the market status of the leading electric motorcycle and scooter market players and offers key trends and opportunities in the market.
COVID-19 Impact on the Global Automotive NFC:
The COVID-19 outbreak has created an unprecedented economic, public health, and logistical challenge worldwide; however, technology stepped up when COVID-19 struck. One of the biggest impacts witnessed in recent months due to the COVID-19 has been a huge behavioural shift in technology adoption. For instance, Garmin, which equips the fleet with the leading GPS navigation, radar, communication, and wind data technology, has reported that, with the heavy travel restrictions, it has witnessed increased demand for equipment for boats and water activities in many markets.
To contain the spread of COVID-19, countries, such as the U.S., India, Russia, Brazil, Colombia, and others, across the globe took extreme measures such as lockdown, social distancing, stay home regulation, and social isolation. As the situation is still difficult, several countries are extending the shutdown period. As the second wave of the coronavirus is hitting, government authorities in countries such as the UK and India are further reimplementing lockdowns to prevent more deaths.
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Scope of the Report: –
The Major Players in the Automotive NFC Market Are:
- Alpine Electronics Inc. Apple Inc., Broadcom Communications, Infineon Technologies AG, Micropross, NXP Semiconductors, Panasonic Corporation, Smartrac N.V. ,Sony Corporation (FeliCa), ST Microelectronics
On the basis of product and end users/applications, this report displays the production, revenue, price, market share and growth rate of Automotive NFC Market types split into:
- Covid-19 Impact and Global Analysis – by Type (106 Kbit/s, 212 Kbit/s, and 424 Kbit/s); and Application (On board Units, and Car Keys)
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil etc.)
- Middle East and Africa (Egypt and GCC Countries)
Key Issues Addressed:
- What is the market size by various segmentation of the Automotive NFC by region and its respective countries?
- What are the customer buying behaviour, key takeaways, and Porter’s 5 forces of the Automotive NFC market?
- What are the key opportunities and trends for manufacturers involved in the Automotive NFC supply chain?
- What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
- What and how regulations, schemes, patents, and policies are impacting the growth of the market?
- What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
- The market player positioning, top winning strategies by years, company product developments, and launches will be?
- How has COVID-19 impacted the demand and sales of Automotive NFC in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
- Detailed analysis of the competitors and their latest launch, and what are the prominent start-ups introduced in the target market?
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