Global Automotive NFC Market Recent Study Including Growth Factors CAGR of 30 % by 2026

November 3, 2019

Author: Jimmy Stive

Global Automotive NFC Market By Type (106 Kbit/S, 212 Kbit/S, 424 Kbit/S), Vehicle Type (Low-End, Mid-Range, High-End), Application (Interior, Exterior)

Market Analysis: Global Automotive NFC Market

Global automotive NFC market is growing at a healthy CAGR of 30% during the forecast period of 2019 to 2026 due to increasing number of government regulations mandating the use of Advanced Driving Assistance Systems (ADAS).

Inquiry Before Buying @

https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=global-automotive-nfc-market

Competitive Analysis:

Automotive NFC is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of global automotive NFC market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Definition: Global Automotive NFC Market

Automotive NFC is a collection of communication procedures that allows two electronic devices, generally one of which is a mobile device such as a smartphone, to create communication by carrying them to the portion within the brief range of the other. Automotive NFC (Near Field Communication) is basically a bidirectional short-range communication technology that allows interaction at a specified speed of a few centimeters of information transfer.

Market Drivers

The growing amount of public legislation requiring the use of Advanced Driving Assistance Systems (ADAS) has influenced the automotive use of NFC technology which is driving the market
The NFC systems provide a cost-effective, secure and effective solution to all the data transmission requirements of vehicle intelligent driving apps which is fueling market growth
NFC technology apps lead to elevated adoption rates, thus driving market growth
Increasing demand for developed and improved safety systems for vehicles drives the market growth

Market Restraints

High cost for the installation which restraints the market
Low adoption rate in developing economic countries is hampering the market growth
High cost of manufacturing is one of the restraining factor

Segmentation: Global Automotive NFC Market

By Type

106 Kbit/S
212 Kbit/S
424 Kbit/S

By Vehicle Type

Low-End
Mid-Range
High-End

By Application

Interior
Exterior

About Us:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge Market Research provides appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

Contact:

Data Bridge Market Research

Tel: +1-888-387-2818