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Automotive NFC Market Share

Report ID: GMI398
Published Date: Aug 2024
Report Format: PDF

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Automotive NFC Market Share

NXP Semiconductors and STMicroelectronics collectively held a significant share of the automotive NFC industry in 2023. NXP Semiconductors, a global leader in the semiconductor industry, has been at the forefront of developing innovative Near Field Communication (NFC) solutions for the automotive sector. With a strong focus on enhancing connectivity and security, NXP's automotive NFC technology is transforming the way vehicles interact with their environment and users.

STMicroelectronics (ST) is a global semiconductor leader, renowned for its innovative solutions and extensive portfolio in the electronics industry. With a strong focus on automotive applications, ST has established itself as a key player in the Automotive NFC (Near Field Communication) market. The company's cutting-edge NFC technologies are integral to modernizing vehicle connectivity and enhancing user experiences.

Automotive NFC Market Companies

Major players operating in the automotive NFC industry are:

NXP Semiconductors
STMicroelectronics
Broadcom
Samsung Electronics Co. Ltd. (South Korea)
Polaric (USA)
Robert Bosch GmbH (Germany)
Texas Instruments

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The market size of Automotive NFC reached USD 4.5 billion in 2023 and will grow at 4.5% CAGR between 2024 and 2032, due to the increasing demand for enhanced vehicle connectivity and convenience features.

Automotive NFC industry from the infotainment systems segment will witness 25% CAGR through 2032, driven by the increasing demand for seamless connectivity and enhanced user experience within vehicles.

North America market size will reach USD 30 billion by 2032, attributed to advanced automotive industry and high consumer demand for innovative technologies.

Prominent players operating in the industry are NXP Semiconductors, STMicroelectronics, Broadcom, Samsung Electronics Co. Ltd. (South Korea), Polaric (USA), Robert Bosch GmbH (Germany), and Texas Instruments, among others.