Automotive Smart Key Market 2019| Global Industry Status, Overview by Industry Size, Share, Future Trends, Growth Factors and Leading Players Forecast to 2024 – Industry Research.co
Automotive Smart Key Industry 2019 Market Research Report analyzed in detail with all the vital data to frame tactical business judgments and propose strategic growth plans. This report offers a comprehensive insight into the development policies and plans in addition to manufacturing processes and cost structures.
New research report on “Automotive Smart Key Market” 2019-2024 is a proficient and in-depth research offers an summary of the current market status, historic, and expected way forward for the Automotive Smart Key market. Automotive Smart Key market report on the world’s major regional market conditions, focusing on the main regions. Automotive Smart Key market report offers an extensive analysis of Automotive Smart Key industry to guide market players, new entrants and investors to get opinion of Automotive Smart Key industry.
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.
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- 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
Automotive Smart Key market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. The Automotive Smart Key market 2019 report consists of the latest developments, market shares, and strategies employed by the major market players.
Top Key Players of Automotive Smart Key Market Report Are:
- Alpha Corp.
- Minda Corp. Ltd
- Denso Corporation
- Continental AG
- Huf Hulsbeck and Furst GmbH and 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
Automotive Smart Key Market Report Highlights:
- The report provides a detailed analysis on current and future market trends to identify the investment opportunities
- Market forecasts till 2024, using estimated market values as the base numbers
- Key market trends across the business segments, Regions and Countries
- Key developments and strategies observed in the market
- Market Dynamics such as Drivers, Restraints, Opportunities and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2024
- Automotive Smart Key Market opportunities and recommendations for new investments
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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.
Automotive Smart Key Market Report Answers Following Questions:
- What are the important RandD (Research and Development) factors and data identifications to responsible for rising market share?
- What are future investment opportunities in the in Automotive Smart Key Devices landscape analyzing price trends?
- Which are most dynamic companies with ranges and recent development within Automotive Smart Key Devices Market till 2024?
- In what way is the market expected to develop in the forthcoming years?
- What are the principle issues that will impact development, including future income projections?
- What are market opportunities and potential risks associated with Automotive Smart Key Devices by analyzing trends?
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Detailed TOC of Automotive Smart Key Market Report 2019-2024:
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
5.2 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
5.4.1 North America
126.96.36.199 United States
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
220.127.116.11 South Korea
18.104.22.168 Rest of Asia-Pacific
5.4.4 Middle East and Africa
22.214.171.124 South Africa
126.96.36.199 Saudi Arabia
188.8.131.52 United Arab Emirates
184.108.40.206 Rest of Middle East and Africa
5.4.5 Latin America
220.127.116.11 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 and Furst GmbH and 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
Name: Ajay More
Phone: US +14242530807/ UK +44 20 3239 8187
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