According to UnivDatos Market Insights (UMI)’ research report “Automotive Smart Keys Market”, the market is expected to witness CAGR growth of around 8% during the forecast period 2021-2027F. Automotive Smart Keys Market is experiencing significant growth due to Increasing vehicle theft cases globally, Growing demand for better safety and security of vehicle, Growth in demand for luxury vehicles, equipped with advanced security feature and Advancements of automotive security features. However, High Installation Cost associated with the technology paired with Concern related to data theft or cyber attach are expected to limit the market growth of smart key to some extent. Furthermore, growth in demand for low-cost luxury vehicle equipped with technologically advanced security system is expected to provide ample growth opportunity for the players operating in the market. 

Request Sample Copy of this Report @ https://univdatos.com/get-a-free-sample-form-php/?product_id=12773

Based on Technology, the Automotive Smart Keys Market is segmented into Passive Keyless Entry Systems (PKES), Remote Keyless Entry System (RKES). Currently, majority of the smart key technologies are based on passive keyless entry technology.

Based on Application, the Automotive Smart Keys Market is bifurcated into Single Function, Multi-function. Multi-function smart key dominates the market, however, with growing technological advancements in the automotive sector paired with growing demand for innovative and enhanced vehicle security system is expected to drive the adoption of single-function smart key segment.

Based on Vehicle Type, the Automotive Smart Keys Market is bifurcated into Entry-Segment Vehicles, Mid-Segment Vehicles, Luxury-Segment Vehicles. Currently, Smart Keys is majorly equipped in the Luxury-Segment Vehicles. Overall adoption of multi-function smart key is growing owing to the rising demands for luxury vehicles equipped with advanced safety and security technologies.

Based on Sales Channel, the Automotive Smart Keys Market is bifurcated into OEMs and Aftermarket. OEMs segment dominated the market in 2020. However, Aftermarket segment is expected to witness significant growth during the forecast period.

Asia-Pacific to witness highest adoption of the technology

Based on regions, the report provides detailed analysis for overall demand of Automotive Smart Keys for major regions including North America (US, Canada, Rest of North America); Europe (Germany, UK, France, Italy, Rest of Europe); Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific); and Rest of World. Asia-Pacific dominates the market and is expected to maintain its dominance throughout the forecast period.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Automotive Smart Keys Market are Robert Bosch, Continental AG, Qualcomm Technologies, Inc., Hella KGaA Hueck & Co., Denso Corporation, Hyundai Mobis, ZF Friedrichshafen AG, Tokai Rika Co. Ltd, Visteon Corporation, ALPHA Corporation etc. These companies are investing heavily on Automotive Smart Keys to increase their customer base.

• In May 2021, OPPO, a Chinese smartphone manufacturer announced that it has completed joint development and testing for a CCC 2.0-based digital car key with NIO, digital car key feature will be available in the Wallet App for OPPO phones and watches
• In January 2019, Leap Motor introduced biometric entry system in its smart electric coupe S01 model in China. The stated vehicle is equipped with a “Leap In” integrates finger and face recognition technologies, which offer vehicle owners/drivers an experience of keyless entry to starting the engine of the vehicle
• ALPHA Corporation offer intelligent key for vehicle which enables vehicle owners/drivers to lock and unlock their vehicle door by gripping the door handle and pressing the button

Request for Discount @ https://univdatos.com/report/automotive-smart-keys-market/get-a-free-sample-form.php?product_id=12773

“Automotive Smart Keys Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of go to market strategies and identifying the blue ocean for its offerings.   

Market Segmentation:

1. By Technology (Passive Keyless Entry Systems (PKES), Remote Keyless Entry System (RKES))
2. By Application (Single Function, Multi-function)
3. By Vehicle Type (Entry-Segment Vehicles, Mid-Segment Vehicles, Luxury-Segment Vehicles)
4. By Sales Channel (OEMs, Aftermarket)
5. By Region (North America (US, Canada, Rest of North America); Europe (Germany, UK, France, Italy, Rest of Europe); Asia-Pacific (China, Japan, India, South Korea, Rest of APAC); and Rest of World)
6. By Company (Robert Bosch, Continental AG, Qualcomm Technologies, Inc., Hella KGaA Hueck & Co., Denso Corporation, Hyundai Mobis, ZF Friedrichshafen AG, Tokai Rika Co. Ltd, Visteon Corporation, ALPHA Corporation)

Key questions answered in the study:

1. What are the current and future trends of the Automotive Smart Keys industry?
2. How the industry has been evolving in terms of end-user demand and product category?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Automotive Smart Keys industry?
5. What is the customer orientation, purchase behavior, and expectations from the Automotive Smart Keys suppliers across various countries?

For more informative information, please visit us @ https://univdatos.com/report/automotive-smart-keys-market/

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 AUTOMOTIVE SMART KEYS MARKET COVID-19 IMPACT

6 AUTOMOTIVE SMART KEYS MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY TECHNOLOGY

8 MARKET INSIGHTS BY APPLICATION

9 MARKET INSIGHTS BY VEHICLE TYPE

10 MARKET INSIGHTS BY SALES CHANNEL

11 MARKET INSIGHTS BY REGION

12 AUTOMOTIVE SMART KEYS MARKET DYNAMICS

13 AUTOMOTIVE SMART KEYS MARKET OPPORTUNITIES

14 AUTOMOTIVE SMART KEYS MARKET TRENDS

15 LEGAL & REGULATORY FRAMEWORK

16 DEMAND AND SUPPLY SIDE ANALYSIS

17 VALUE CHAIN ANALYSIS

18 COMPETITIVE SCENARIO

19 COMPANY PROFILED

20 DISCLAIMER

Browse Other Related Research Reports from UnivDatos Market Insights

• Zero Emission Vehicle Market to Exceed 73.5 Million Sales by 2027 Globally |CAGR: 32.7%
• Government's Stringent Regulations to Boost the Market of Radar Based In-Cabin Sensing Systems
• Advanced Driver-Assistance Systems (ADAS) Market to Reach US$ 72.9 Billion by 2026, Globally |CAGR: 15.9%|
• Automotive Usage-Based Insurance (UBI) Market to Reach US$ 93 Billion by 2026, Globally | CAGR: 24.4%|

About Us:

UnivDatos Market Insights: Your Partner in Data-Driven Market Strategies. Unlock growth opportunities and make smart decisions with our expert research and insights.

Contact us:

UnivDatos Market Insights (UMI)

Email: contact@univdatos.com

Web: https://univdatos.com

LinkedIn: www.linkedin.com/company/univ-datos-market-insight/

Ph: +91 7838604911