MARKET INTRODUCTION

The automotive smart key is a part of the computerized system, which is used to unlock car doors and start the vehicle without actually using keys. These are often shaped like plastic cards and less like actual keys. Many automotive manufacturers are switching to systems that use smart keys for hybrid and luxury cars. With advancements in technologies, these smart keys would do more than just lock and unlock doors. Increasing consumer preferences for such value addition is encouraging the manufacturers to come up with innovations.

MARKET DYNAMICS

The global automotive smart key market is anticipated to soar in the forecast period owing to driving factors such as technological developments in the automotive industry, coupled with an enhanced focus on vehicle security. Moreover, budget companies are integrating features similar to high-end luxury cars, further propelling market growth. On the other hand, the use of lightweight and eco-friendly materials in developing smart key components is expected to provide excellent growth opportunities for the players operating in the automotive smart key market.

MARKET SCOPE

The "Global Automotive Smart Key Market Analysis to 2027" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of automotive smart key market with detailed market segmentation by application, installation, and geography. The global automotive smart key market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive smart key market players and offers key trends and opportunities in the market.



MARKET SEGMENTATION

The global automotive smart key market is segmented on the basis of application and installation. Based on type, the market is segmented as single function and multi-function. On the basis of the installation, the market is segmented as OEM and aftermarket.





REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global automotive smart key market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The automotive smart key market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting automotive smart key market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the automotive smart key market in these regions.





MARKET PLAYERS

The reports cover key developments in the automotive smart key market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from automotive smart key market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive smart key in the global market. Below mentioned is the list of few companies engaged in the automotive smart key market.

The report also includes the profiles of key automotive smart key companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

- ALPHA Corporation

- Continental AG

- Denso Corporation

- Honda Lock Mfg. Co., Ltd.

- HYUNDAI MOBIS CO., LTD.

- Silca S.p.A.

- TOKAIRIKA CO., LTD.

- Toyota Motor Corp

- Valeo

- ZF Friedrichshafen AG