Automotive Smart Key Market 2021 | Covers Current Market Scenario, Dynamics with Drivers, Restraints, and Upcoming Opportunities 2024

Automotive Smart Key

Automotive Smart Key Marketreport focuses on latest innovative marketing strategies, trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. Automotive Smart Key market report includes comprehensive details of the key market dynamics along with relevant market segments and sub-segments.

Automotive Smart Key market report has provided a top-to-bottom research on the Automotive Smart Key market features such as growth drivers, threats, opportunities, challenges with a key focus on both global and the regional market. Moreover, Automotive Smart Key market report presents the market competitive landscape and a corresponding detailed analysis of the leading manufacturers in the market.

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Market Overview:

  • The automotive smart key market is estimated to register a CAGR of over 7% during the forecast period, 2019-2024.
  • Automotive smart key has gained traction over the last decade, owing to advantages, such as increased vehicle security. Features similar to high-end luxury cars are also being implemented in budget cars by companies, such as Honda, which are engaged in developing smart keys for budget cars. In addition, the emergence of advanced technology, which makes use of radio frequency (RF) signals and converts them to digital information, has made smart keys more prevalent in the automotive sector, which is expected to drive the growth of the market in the near future.
  • Advancements in terms of automotive technology, as well as increasing vehicle thefts are likely to propel the development of smart keys, thus, leading to a growth in the market in the coming years.
  • The usage of lightweight and eco-friendly materials for the manufacturing of the inside chip and buttons for smart keys is gaining traction, thus, leading to various car manufacturers, such as BMW, Volkswagen, and Mercedes-Benz developing compact and attractive smart keys. Thus, the usage of lightweight materials for developing the components of a smart key shall provide growth opportunities for the market in the years to c

    Global Automotive Smart Key market competition by top manufacturers, with production, price, and revenue (value) and market share for each manufacturer; the top players including-

  • Alpha Corp.
  • Minda Corp. Ltd
  • Denso Corporation
  • Continental AG
  • Huf Hulsbeck & Furst GmbH & Co. KG
  • Honda Lock Mfg. Co. Ltd
  • ZF Friedrichshafen AG
  • Toyota Motor Corp.
  • Valeo SA
  • Hella KGaA Hueck
  • Hyundai Mobis Co. Ltd
  • Tokai Rika Co. Ltd
  • Silca SpA

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    Key Market Trends:

    Other Technology Segment projected to grow at a high pace

    Currently, the other technologies segment has the highest share out of all the segments. This segment includes the biological entry system, as well as smartphone connected car technology. Majority of the other technologies are based on passive keyless entry (PKE) technology, where the PKE device operates while stored in the user’s pocket or bag, unlike a standard remote keyless entry (RKE) device, which requires the user to hold the device and push a button to lock or unlock the vehicle. Auto companies, such as Leap Motor, have introduced biological entry system with the launch of their smart electric coupe S01 model in China, in January 2019. These vehicles will be equipped with a “Leap In” biological lock/unlock system that integrates finger vein recognition and face recognition technologies, thus, giving the customers a keyless experience from entering the vehicle to starting the engine. Moreover, the “Leap ID” smart system can match car-using habits (preferences for seat position, music, news, air conditioners, and navigation) through face recognition of the user. Thus, the increasing focus on this segment shall lead to its expected high CAGR.

    Asia-Pacific is expected to see the highest growth

    In the automotive smart key market, the growth of the Asia-Pacific region is expected to be more during the forecast period. China is one of the biggest automotive markets in the world. In 2018, the volumes of production and sales of vehicles were lower than expected at the beginning of the year, due to political factors and microeconomics. However, new energy vehicle (NEV) sales continued to rise rapidly, while exports also showed fast growth. The demand for smart keys in the Chinese, as well as the Indian market, is growing rapidly, as various Chinese and Indian companies are launching vehicles with keyless entry features, which shall lead to a growth of the automotive smart key market in China and India. The increasing demand for smart keys with advanced technology in Japan is likely to propel the smart key market in the country in the years to come. Thus, such developments are expected to lead to growth in the automotive smart key market in the Asia-Pacific region.

    What are the market factors that are explained in the report?

    -Key Developments: Automotive Smart Key market report includes the key strategic developments of the market, new product launch, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market.

    -Market Features: Automotive Smart Key market report estimated key market structures, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin.

    -Logical Tools: Global Automotive Smart Key market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return examination have been used to analyze the growth of the key players operating in the market.

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    Detailed TOC of Automotive Smart Key Market – Segmented by Geography – Growth, Trend, and Forecast:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.3 Market Restraints
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Application
    5.1.1 Single Function
    5.1.2 Multi-function
    5.2 By Technology
    5.2.1 Transmitter Technology (Remote Keyless Entry)
    5.2.2 Capacitive Sensor Technology (Passive Keyless Entry)
    5.2.3 Infra-red Sensor Technology
    5.2.4 Other Technologies
    5.3 By Installation
    5.3.1 OEM
    5.3.2 Aftermarket
    5.4 Geography
    5.4.1 North America
    5.4.1.1 United States
    5.4.1.2 Canada
    5.4.2 Europe
    5.4.2.1 United Kingdom
    5.4.2.2 France
    5.4.2.3 Germany
    5.4.2.4 Russia
    5.4.2.5 Italy
    5.4.2.6 Rest of Europe
    5.4.3 Asia-Pacific
    5.4.3.1 China
    5.4.3.2 Japan
    5.4.3.3 India
    5.4.3.4 Australia
    5.4.3.5 South Korea
    5.4.3.6 Rest of Asia-Pacific
    5.4.4 Middle East & Africa
    5.4.4.1 South Africa
    5.4.4.2 Saudi Arabia
    5.4.4.3 United Arab Emirates
    5.4.4.4 Rest of Middle East & Africa
    5.4.5 Latin America
    5.4.5.1 Brazil
    5.4.5.2 Argentina
    5.4.5.3 Mexico
    5.4.5.4 Rest of Latin America

    6 COMPETITIVE LANDSCAPE
    6.1 Vendor Market Share
    6.2 Company Profiles
    6.2.1 Alpha Corp.
    6.2.2 Minda Corp. Ltd
    6.2.3 Denso Corporation
    6.2.4 Continental AG
    6.2.5 Huf Hulsbeck & Furst GmbH & Co. KG
    6.2.6 Honda Lock Mfg. Co. Ltd
    6.2.7 ZF Friedrichshafen AG
    6.2.8 Toyota Motor Corp.
    6.2.9 Valeo SA
    6.2.10 Hella KGaA Hueck
    6.2.11 Hyundai Mobis Co. Ltd
    6.2.12 Tokai Rika Co. Ltd
    6.2.13 Silca SpA

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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