Automotive NFC Market Share is Anticipated to Register 30.2% CAGR through 2032 | FMI

The global Automotive NFC Market Share is anticipated to create an absolute dollar opportunity over the forecast period by displaying a CAGR of 30.2% from 2022 to 2032. The global market was valued at US$ 3.26 Billion in 2022 and is estimated to reach US$ 35 Billion by 2032. According to the historic analysis, the global automotive NFC market registered a valuation of US$ 2.5 Billion in 2021.

The use of Near Field Communication (NFC) technology in the automotive industry has been increasing in recent years, and it is expected to continue growing in the future. NFC technology enables secure and wireless communication between two devices that are in close proximity to each other.

Request a Sample of this Report:

One of the main applications of NFC technology in the automotive industry is for keyless entry systems, which allow drivers to unlock their vehicles and start the engine using their smartphones or other mobile devices. This technology provides greater convenience and security for vehicle owners, and it is likely to become even more popular in the future.

Another potential application of NFC technology in the automotive industry is for payment systems, which would enable drivers to make purchases such as fuel or tolls using their smartphones or other mobile devices. This could help to streamline the payment process and reduce the need for cash or physical payment cards.

Nio ES7 introduced another electric Vehicle in June 2022 along with the introduction of ES7. Smart keys and cards as well as other alternative vehicle access ways, such as NFC, are supported by the vehicle. During the forecast period, these efforts are anticipated to help the market.

Key Takeaways

  • The market for automotive NFC is expected to grow exceptionally in the upcoming years as a result of the increasing adoption of the Internet of Things (IoT), facial recognition, machine learning, big data, and other technologies for updating the specifics of the automotive industry.
  • The market size is expected to increase as a result of the incorporation of contemporary technologies into cars. By providing the business with opportunities for growth, this is made possible. The quantity of Electronic Control Units (ECUs) per vehicle has increased as a result of such market leaders’ initiatives.
  • Calculations indicate that there are currently about 70 ECUs incorporated into advanced vehicles, and that number is projected to rise to 500 in the near future, surpassing that of a rocket or space shuttle.
  • The widespread brand development in developing nations has long been recognized as a significant window of opportunity for market expansion. The French automaker revealed in June 2022 that the C3, its first mass-market vehicle, would go on sale in India on July 20, 2022. The car has a 10-inch touchscreen infotainment system with Android Auto and Apple CarPlay as standard equipment, as well as a digital driver’s monitor. During the forecast period, it is anticipated that such efforts will have a favourable effect on NFC demand. strengthening the market for vehicle NFC as a result.

Request for Customization:

Competitive Landscape

Prominent players in the global automotive NFC market are focusing on introducing new platforms in order to accelerate their introduction of digital car keys. This offers consumers keyless access through their mobile devices. Such supportive factors are expected to benefit the industry’s growth in the coming years.

Key Companies Profiled

  • Sony Corporation
  • NXP Semiconductors N.V.
  • Broadcom Inc.
  • Samsung Electronics Co. Ltd.
  • STMicroelectronics N.V.
  • Panasonic Corporation
  • Alpine Electronics Inc.
  • Avery Dennison
  • PREMO S.A.

Ask the Analyst:

Key Segments Profiled in the Global Automotive NFC Market Report

Automotive NFC Market by Type:

  • 106 Kbit/S Automotive NFC
  • 212 Kbit/S Automotive NFC
  • 424 Kbit/S Automotive NFC

Automotive NFC Market by Vehicle Type:

  • Automotive NFC for Passenger Cars
  • Compact
  • Mid-Size
  • Premium
  • Luxury
  • SUV
  • Automotive NFC for Light Commercial Vehicles (LCV)
  • Automotive NFC for Heavy Commercial Vehicles (HCV)

Automotive NFC Market by Application:

  • On Board Automotive NFC Units
  • Automotive NFC for Car Keys
  • Automotive NFC for Other Applications

Automotive NFC Market by Sales Channel:

  • Automotive NFC Sales via Aftermarket
  • Automotive NFC Sales via OEMs

Automotive NFC Market by Region:

  • North America Automotive NFC Market
  • Latin America Automotive NFC Market
  • Europe Automotive NFC Market
  • Asia Pacific Automotive NFC Market
  • Middle East & Africa Automotive NFC Market

More Insights into the Automotive NFC Market

The European region is anticipated to dominate the global NFC market over the projection period. The growth of this market is attributed to the presence of key OEMs in the region along with the massive production of vehicles in the region. Furthermore, the presence of high-tech infotainment systems in Europe like Robert Bosch GmbH is anticipated to drive the regional market in the forecast period.

According to the analysis, the Asia Pacific (APAC) region is expected to showcase promising growth opportunities over the assessment period. The growth in the APAC region is attributed to the presence of developing nations that have various untapped markets. Besides, the surging disposable income owing to the rapid economic development along with the ongoing development in the automobile sector is expected to widen the market size in the coming time.

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.


Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries:
Browse All Reports:

About the Author

Ronak Shah

Associate Vice President at Future Market Insights is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers' shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these