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Automotive Digital Key Market

Automotive Digital Key Market Forecasts to 2028 – Global Analysis By Product (Smart Watch, Smart Key Fob), Technology (Remote, Passive), Application (Personal Use, Vehicle Security), and By Geography

4.8 (71 reviews)
Published: July 2021 ID: SMRC20764
4.8 (71 reviews)
Published: July 2021 ID: SMRC20764

This report covers the impact of COVID-19 on this global market
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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.

Automotive digital keys provide advanced features over conventional keys such as enhanced driver safety features, connected automobiles, keyless entry, among others.

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.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 2.16 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

14.0%

Predicted 2028 Value:

USD 6.17 billion

Forecast Years:

2021-2028

Tables, Graphs& Figures

311

Chapters Covered:

Product, Hardware, Component, Connectivity, Function, Vehicle Type, Vehicle Class, Technology, Application, Sales Channel and Region

Core Drivers and Opportunities:

  • Increasing focus on vehicle safety features
  • Rising demand for automation
  • Growing adoption of Internet of Things (IoT)

Restraining Factors & Market Threats:

  • Possibility of cyber security issues
  • Decreasing business possibilities due to COVID-19 pandemic


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

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Automotive Digital Key Market is majorly driven by increasing focus on vehicle safety features and rising demand for automation and electric vehicles.

The passenger car (PC) segment is growing at a highest CAGR owing to increase in per capita income, along with rapid industrialization.

North America dominated with a significant market share due to the factors such as high disposable income of people and early adoption of modern technologies.

Asia Pacific market is growing at a highest CAGR owing to the advanced researches being carried out in the region.

Key players in 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.

1 Executive Summary      
        
2 Preface       

 2.1 Abstract      
 2.2 Stake Holders     
 2.3 Research Scope     
 2.4 Research Methodology    
  2.4.1 Data Mining    
  2.4.2 Data Analysis    
  2.4.3 Data Validation    
  2.4.4 Research Approach    
 2.5 Research Sources     
  2.5.1 Primary Research Sources   
  2.5.2 Secondary Research Sources   
  2.5.3 Assumptions    
        
3 Market Trend Analysis     
 3.1 Introduction     
 3.2 Drivers      
 3.3 Restraints      
 3.4 Opportunities     
 3.5 Threats      
 3.6 Product Analysis     
 3.7 Technology Analysis     
 3.8 Application Analysis     
 3.9 Emerging Markets     
 3.10 Impact of Covid-19     
        
4 Porters Five Force Analysis     
 4.1 Bargaining power of suppliers    
 4.2 Bargaining power of buyers    
 4.3 Threat of substitutes     
 4.4 Threat of new entrants    
 4.5 Competitive rivalry     
        
5 Global Automotive Digital Key Market, By Product   
 5.1 Introduction     
 5.2 Smart Watch     
 5.3 Smart Key Fob     
 5.4 Key Card      
        
6 Global Automotive Digital Key Market, By Hardware   
 6.1 Introduction     
 6.2 Wearables     
 6.3 Remote Key Entry Devices    
 6.4 Smartphones & Tablets    
        
7 Global Automotive Digital Key Market, By Component  
 7.1 Introduction     
 7.2 Electronic Control Unit (ECU)    
 7.3 Sensors      
 7.4 Switches      
 7.5 Other Components     
        
8 Global Automotive Digital Key Market, By Connectivity  
 8.1 Introduction     
 8.2 Bluetooth      
 8.3 Wi-Fi      
 8.4 Near Field Communication (NFC)   
 8.5 Biometric      
 8.6 Remote Cloud Key Access    
        
9 Global Automotive Digital Key Market, By Function   
 9.1 Introduction     
 9.2 Single-Function     
 9.3 Multi-Function     
        
10 Global Automotive Digital Key Market, By Vehicle Type  
 10.1 Introduction     
 10.2 Electric (Hybrid Electric Vehicle (HEV))   
 10.3 Non-Electric     
        
11 Global Automotive Digital Key Market, By Vehicle Class  
 11.1 Introduction     
 11.2 Passenger Car (PC)     
  11.2.1 Sport Utility Vehicle (SUV)   
  11.2.2 Compact     
  11.2.3 Midsize     
  11.2.4 Luxury     
 11.3 Commercial Vehicle     
  11.3.1 Light Commercial Vehicle (LCV)   
  11.3.2 Heavy Commercial Vehicle (HCV)  
        
12 Global Automotive Digital Key Market, By Technology  
 12.1 Introduction     
 12.2 Remote Keyless Entry System    
 12.3 Passive Keyless Entry System    
        
13 Global Automotive Digital Key Market, By Application  
 13.1 Introduction     
 13.2 Personal Use     
 13.3 Car Sharing/Shared Mobility    
 13.4 Car Rental     
 13.5 Fleet Management     
 13.6 Payment      
 13.7 Vehicle Engine Start/Stop    
 13.8 Charging      
 13.9 Vehicle Security     
        
14 Global Automotive Digital Key Market, By Sales Channel  
 14.1 Introduction     
 14.2 Original Equipment Manufacturer (OEM's)   
 14.3 Aftermarket     
        
15 Global Automotive Digital Key Market, By Geography  
 15.1 Introduction     
 15.2 North America     
  15.2.1 US     
  15.2.2 Canada     
  15.2.3 Mexico     
 15.3 Europe      
  15.3.1 Germany     
  15.3.2 UK     
  15.3.3 Italy     
  15.3.4 France     
  15.3.5 Spain     
  15.3.6 Rest of Europe    
 15.4 Asia Pacific     
  15.4.1 Japan     
  15.4.2 China     
  15.4.3 India     
  15.4.4 Australia     
  15.4.5 New Zealand    
  15.4.6 South Korea    
  15.4.7 Rest of Asia Pacific    
 15.5 South America     
  15.5.1 Argentina     
  15.5.2 Brazil     
  15.5.3 Chile     
  15.5.4 Rest of South America   
 15.6 Middle East & Africa     
  15.6.1 Saudi Arabia    
  15.6.2 UAE     
  15.6.3 Qatar     
  15.6.4 South Africa    
  15.6.5 Rest of Middle East & Africa   
        
16 Key Developments      
 16.1 Agreements, Partnerships, Collaborations and Joint Ventures 
 16.2 Acquisitions & Mergers    
 16.3 New Product Launch     
 16.4 Expansions     
 16.5 Other Key Strategies     
        
17 Company Profiling      
 17.1 Robert Bosch GmbH     
 17.2 Hyundai Mobis     
 17.3 Continental AG     
 17.4 Valeo SA      
 17.5 Mitsubishi Electric Corporation    
 17.6 Denso Corporation     
 17.7 HELLA GmbH & Co. KGaA    
 17.8 Samsung      
 17.9 STMicroelectronics     
 17.10 NXP Semiconductors     
 17.11 Heights Security, Inc     
 17.12 ALPHA Corporation     
 17.13 Silca      
 17.14 Minda Corporation     
 17.15 Telefonaktiebolaget LM Ericsson   


List of Tables       
1 Global Automotive Digital Key Market Outlook, By Region (2019-2028) ($MN)
2 Global Automotive Digital Key Market Outlook, By Product (2019-2028) ($MN)
3 Global Automotive Digital Key Market Outlook, By Smart Watch (2019-2028) ($MN)
4 Global Automotive Digital Key Market Outlook, By Smart Key Fob (2019-2028) ($MN)
5 Global Automotive Digital Key Market Outlook, By Key Card (2019-2028) ($MN)
6 Global Automotive Digital Key Market Outlook, By Hardware (2019-2028) ($MN)
7 Global Automotive Digital Key Market Outlook, By Wearables (2019-2028) ($MN)
8 Global Automotive Digital Key Market Outlook, By Remote Key Entry Devices (2019-2028) ($MN)
9 Global Automotive Digital Key Market Outlook, By Smartphones & Tablets (2019-2028) ($MN)
10 Global Automotive Digital Key Market Outlook, By Component (2019-2028) ($MN)
11 Global Automotive Digital Key Market Outlook, By Electronic Control Unit (ECU) (2019-2028) ($MN)
12 Global Automotive Digital Key Market Outlook, By Sensors (2019-2028) ($MN)
13 Global Automotive Digital Key Market Outlook, By Switches (2019-2028) ($MN)
14 Global Automotive Digital Key Market Outlook, By Other Components (2019-2028) ($MN)
15 Global Automotive Digital Key Market Outlook, By Connectivity (2019-2028) ($MN)
16 Global Automotive Digital Key Market Outlook, By Bluetooth (2019-2028) ($MN)
17 Global Automotive Digital Key Market Outlook, By Wi-Fi (2019-2028) ($MN) 
18 Global Automotive Digital Key Market Outlook, By Near Field Communication (NFC) (2019-2028) ($MN)
19 Global Automotive Digital Key Market Outlook, By Biometric (2019-2028) ($MN)
20 Global Automotive Digital Key Market Outlook, By Remote Cloud Key Access (2019-2028) ($MN)
21 Global Automotive Digital Key Market Outlook, By Function (2019-2028) ($MN)
22 Global Automotive Digital Key Market Outlook, By Single-Function (2019-2028) ($MN)
23 Global Automotive Digital Key Market Outlook, By Multi-Function (2019-2028) ($MN)
24 Global Automotive Digital Key Market Outlook, By Vehicle Type (2019-2028) ($MN)
25 Global Automotive Digital Key Market Outlook, By Electric (Hybrid Electric Vehicle (HEV)) (2019-2028) ($MN)
26 Global Automotive Digital Key Market Outlook, By Non-Electric (2019-2028) ($MN)
27 Global Automotive Digital Key Market Outlook, By Vehicle Class (2019-2028) ($MN)
28 Global Automotive Digital Key Market Outlook, By Passenger Car (PC) (2019-2028) ($MN)
29 Global Automotive Digital Key Market Outlook, By Sport Utility Vehicle (SUV) (2019-2028) ($MN)
30 Global Automotive Digital Key Market Outlook, By Compact (2019-2028) ($MN)
31 Global Automotive Digital Key Market Outlook, By Midsize (2019-2028) ($MN)
32 Global Automotive Digital Key Market Outlook, By Luxury (2019-2028) ($MN)
33 Global Automotive Digital Key Market Outlook, By Commercial Vehicle (2019-2028) ($MN)
34 Global Automotive Digital Key Market Outlook, By Light Commercial Vehicle (LCV) (2019-2028) ($MN)
35 Global Automotive Digital Key Market Outlook, By Heavy Commercial Vehicle (HCV) (2019-2028) ($MN)
36 Global Automotive Digital Key Market Outlook, By Technology (2019-2028) ($MN)
37 Global Automotive Digital Key Market Outlook, By Remote Keyless Entry System (2019-2028) ($MN)
38 Global Automotive Digital Key Market Outlook, By Passive Keyless Entry System (2019-2028) ($MN)
39 Global Automotive Digital Key Market Outlook, By Application (2019-2028) ($MN)
40 Global Automotive Digital Key Market Outlook, By Personal Use (2019-2028) ($MN)
41 Global Automotive Digital Key Market Outlook, By Car Sharing/Shared Mobility (2019-2028) ($MN)
42 Global Automotive Digital Key Market Outlook, By Car Rental (2019-2028) ($MN)
43 Global Automotive Digital Key Market Outlook, By Fleet Management (2019-2028) ($MN)
44 Global Automotive Digital Key Market Outlook, By Payment (2019-2028) ($MN)
45 Global Automotive Digital Key Market Outlook, By Vehicle Engine Start/Stop (2019-2028) ($MN)
46 Global Automotive Digital Key Market Outlook, By Charging (2019-2028) ($MN)
47 Global Automotive Digital Key Market Outlook, By Vehicle Security (2019-2028) ($MN)
48 Global Automotive Digital Key Market Outlook, By Sales Channel (2019-2028) ($MN)
49 Global Automotive Digital Key Market Outlook, By Original Equipment Manufacturer (OEM's) (2019-2028) ($MN)
50 Global Automotive Digital Key Market Outlook, By Aftermarket (2019-2028) ($MN)
         
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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