According to Stratistics MRC, the Global Automotive Digital Key Market is accounted for $2.16 billion in 2020 and is expected to reach $6.17 billion by 2028 growing at a CAGR of 14.0% during the forecast period. Factors such as increasing focus on vehicle safety features and rising demand for automation and electric vehicles are driving the growth of the market. However, possibility of cyber security issues is hampering the growth of the market.
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Based on the vehicle class, the passenger car (PC) segment is anticipated to expand at a rapid pace during the forecast period owing to the increase in per capita income, along with rapid industrialization. By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the presence of developed countries that are home to advanced research and development facilities for digital key.
Some of the key players profiled in the Automotive Digital Key Market include Robert Bosch GmbH, Hyundai Mobis, Continental AG, Valeo SA, Mitsubishi Electric Corporation, Denso Corporation, HELLA GmbH & Co. KGaA, Samsung, STMicroelectronics, NXP Semiconductors, Heights Security, Inc, ALPHA Corporation, Silca, Minda Corporation, and Telefonaktiebolaget LM Ericsson.
Products Covered:
• Smart Watch
• Smart Key Fob
• Key Card
Hardwares Covered:
• Wearables
• Remote Key Entry Devices
• Smartphones & Tablets
Components Covered:
• Electronic Control Unit (ECU)
• Sensors
• Switches
• Other Components
Connectivity’s Covered:
• Bluetooth
• Wi-Fi
• Near Field Communication (NFC)
• Biometric
• Remote Cloud Key Access
Functions Covered:
• Single-Function
• Multi-Function
Vehicle Types Covered:
• Electric (Hybrid Electric Vehicle (HEV))
• Non-Electric
Vehicle Classes Covered:
• Passenger Car (PC)
• Commercial Vehicle
Technologies Covered:
• Remote Keyless Entry System
• Passive Keyless Entry System
Applications Covered:
• Personal Use
• Car Sharing/Shared Mobility
• Car Rental
• Fleet Management
• Payment
• Vehicle Engine Start/Stop
• Charging
• Vehicle Security
Sales Channels Covered:
• Original Equipment Manufacturer (OEM’s)
• Aftermarket
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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