Near field communication (NFC) has its distinct values where mobility and connectivity meet. Today, many car models use NFC for fast and intuitive Bluetooth/WiFi pairing. This enables the “handsfree” driving environment locals around the globe have made mandatory, allowing for smartphone use for phone calls, music, to personalize cabin comfort features, and more, making a drive not only more convenient, but safer.
Beyond connectivity, NFC plays an essential role in innovative car access systems by enabling smartphone-centric solutions and new business models for rental companies, car sharing, and fleet management. Digital key management systems reduce cost and complexity of physical key handling. Industry analysts forecast that the automotive digital key market will grow at a compound annual growth rate (CAGR) of 10.53% between 2019-2023 worldwide. Low battery mode adds sustainable value to NFC as a key management system because even when a phone’s battery is drained, the car can still be opened and started. NFC technology allows for ad hoc sharing of private cars with family and friends or even car AirBnB solutions.