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Analysis of Automotive Smart Key Market 2019-2024: Industry Trends, Share, Size, Price, Revenue, Business Strategy, Production Technology Forecast to 2024


The “Automotive Smart Key Market” 2019 report provides market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries. Automotive Smart Key Market report also aims to provide useful and comprehensive insights into current market trends and future growth scenarios. Automotive Smart Key market report contains information like SWOT analysis, business highlights, strength, weakness, threats and opportunities of industry.

Top Manufacturers of Automotive Smart Key Market Are:

  • 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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    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

    Scope of the Report:

  • A smart key, also known as an intelligent key, is a key with information or digital features, which can provide more functionalities than just unlocking a digital or physical lock system. It is part of a computerized system that uses microchips and sensors to automatically unlock the doors and start the vehicle without the use of a key. Moreover, a smart key works as an electronic access and authorization system and is available either as standard equipment or as an optional component, depending on the model of the car. The automotive smart key market study includes various applications, such as single function and multi-function, technologies, such as Transmitter Technology (Remote Keyless Entry), Capacitive Sensor Technology (Passive Keyless Entry), Infra-red Sensor Technology (only qualitative analysis) and Other Technologies, and installation done by OEM and aftermarket.

    Automotive Smart Key Market Report Answers the Following Questions:

    • What will the market size and the growth rate be in 2024?
    • What are the key factors driving the global Automotive Smart Key market?
    • What are the key market trends impacting the growth of the global Automotive Smart Key market?
    • What are the challenges to market growth?
    • Who are the key vendors in the global Automotive Smart Key market?
    • What are the market opportunities and threats faced by the vendors in the global Automotive Smart Key market?
    • Trending factors influencing the market shares of the relevant regions.
    • What are the key outcomes of the five forces analysis of the global Automotive Smart Key market?

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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.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    The report provides key statistics on the market status of the Automotive Smart Key Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Automotive Smart Key.

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    Report Objectives:

    • Analyzing the size of the Automotive Smart Key market on the basis of value and volume.
    • Accurately calculating the market segments, consumption, and other dynamic factors of different sections of the global Automotive Smart Key market.
    • Determining the key dynamics of the Automotive Smart Key market.
    • Highlighting significant trends of the Automotive Smart Key market in terms of manufacture, revenue, and sales.
    • Deeply summarizing top players of the Automotive Smart Key market and showing how they compete in the industry.
    • Studying industry processes and costs, product pricing, and various trends related to them.
    • Displaying the performance of different regions and countries in the global Automotive Smart Key market.

    Detailed TOC of Automotive Smart Key Market Report 2019-2024:

    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study



    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

    5.1 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 United States Canada
    5.4.2 Europe United Kingdom France Germany Russia Italy Rest of Europe
    5.4.3 Asia-Pacific China Japan India Australia South Korea Rest of Asia-Pacific
    5.4.4 Middle East & Africa South Africa Saudi Arabia United Arab Emirates Rest of Middle East & Africa
    5.4.5 Latin America Brazil Argentina Mexico Rest of Latin America

    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



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