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Automotive Digital Key Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: August, 2022
No of Pages: 168
Delivery Format: PDF + Excel

$2,950.00

Description

Automotive Digital Key Market Outlook 2030 

Automotive Digital Key Market is on the horizon. The industry is experiencing significant changes. Manufacturers are developing automotive digital keys to offer more advanced features than traditional keys. These include enhanced driver safety features and connect cars. The popularity of smart keys for vehicles has increased dramatically over the past decade due to their safety features. Companies such as Honda are creating smart keys for low-cost cars, including features like high-end luxury cars. Using lightweight, environmentally friendly materials to create internal chips and buttons for smart keys is growing in popularity. A University of Leuven research report found that a car’s digital keys can be easily hacked and unlocked by using loopholes in its security system. Researchers bypassed the keyless entry system for a Tesla Model Son 28 August 2019. Leap Motor launched its S01 smart electric coupe in China in January 2019 with a biological entry system. The vehicles come with the Leap lock/unlock system, which integrates finger vein recognition and faces recognition technologies. Customers can then enter cars without keys, as well as start engines.

Major automotive digital keys market players still focus on crucial cards, intelligent vital fobs, and wearable smart keys or smartwatches with RFID technology. Centurion key, for example, has developed a wearable key/smartwatch. It can be used to enter vehicles and perform other functions such as the engine start/stop, or door lock/unlock.

Market scope and structure analysis:

Report MetricDetails
Market size available for year2030
Base year considered2021
Forecast year2030
Forecast unitsValue (USD)
Segments coveredApplication, Technology, Key Type, Vehicle Type, and Region
Regions coveredNorth America (U.S., Canada and Mexico), Europe (Germany, U.K, France, Russia and rest of Europe), Asia-Pacific (China, Japan, India, South Korea and rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa)
Companies coveredInfineon Technologies AG, Telefonaktiebolaget LM Ericsson, Continental AG, Denso Corporation, Tokai Rika Co. Ltd., ALPHA Corporation, NXP Semiconductors, Garmin Ltd., FASTECH, LLC., GARIN System Co., Ltd., and STMicroelectronics

COVID-19 Analysis of

Global restrictions on producers and declared lockdowns have severely affected vendors in the digital market sector. This has, in turn, caused a severe impact on digital key industry manufacturers around the world. The digital key market for 2020 has seen a decline in size due to the pandemic. A significant problem was also observed in the growth rate of digital key manufacturers due to the coronavirus. The digital key market is still in its infancy and is affected by the ongoing pandemic. All production and installation activities were stopped, and operations were disrupted. Most digital key manufacturers face significant problems such as closing factories and the inability to hire workers due to lockdowns. This further impacts the production of cars.

Top Influencing Factor:

  • The rise of the Internet of things, rapidly growing innovations in the automotive industry, and ease of use drive the growth of automotive digital vital markets.
  • Cyber security threats could impact demand for automotive digital keys and hinder the market growth.
  • The automotive digital key market offers the potential for technological advancement and improvement in quality of life.

Market Trends

Internet of Things (IOT),

Automotive manufacturers have always focused on integrating Internet of Things technology into their vehicles. This allows them to create new solutions and applications that make cars more intelligent and improve safety and comfort. Manufacturers use the Internet of Things to offer connected car services such as fuel tracking and advanced driver assistance systems (ADAS), speed control, in-vehicle infotainment, and more. Manufacturers participate in developing advanced network security systems to provide greater security against hackers. The National Highway Transportation and Safety Administration also work with suppliers, federal partners, and vehicle manufacturers to solve vehicle cybersecurity problems. The Internet of Things has brought innovations to the automotive industry. Digital car keys are expected to continue gaining popularity among consumers and car manufacturers over the next few years.

Key segments covered:

SegmentsSubsegments
Application

 

  • Single-Function
  • Multi-Function
Technology

 

  • Remote Keyless Entry (RKE)
  • Passive Keyless Entry (PKE)
  • Near Field Communication (NFC) Keyless Entry
  • Others
Key Type

 

  • Electric
  • Non-Electric
Vehicle Type

 

  • Passenger Vehicle
  • Commercial Vehicle
  • Others

Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • France
    • UK
    • Spain
    • Poland
    • Russia
    • The Netherlands
    • Norway
    • Czech Republic
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Malaysia
    • Thailand
    • Singapore
    • Australia & New Zealand
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Northern Africa
    • Rest of MEA

The report’s key benefits are:

  • This study provides an analytical representation of the automotive digital key industry and current trends and future estimates to determine the likely investment pockets.
  • This report provides information about key drivers, limitations, opportunities, and challenges in the automotive digital market.
  • To highlight the potential growth of the automotive digital vital markets, we have quantified the current demand from 2020 to 2028.
  • This report comprehensively analyzes the automotive digital key market based on competition intensity and how it will shape over time.

Questions Answered in the Automotive Digital Key Market Research Report:

  • What are the top market players in the automotive digital market?
  • What would the exact impact of COVID-19 be upon the market?
  • What trends will influence the market over the next few years?
  • What are the automotive digital market’s drivers, limitations, and opportunities?
  • What are projections available for the future to help with strategic planning?

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis – Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by Application

  • 5.1 Market segments
    • Exhibit 24: Chart on Application – Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Application – Market share 2021-2026 (%)
  • 5.2 Comparison by Application
    • Exhibit 26: Chart on Comparison by Application
    • Exhibit 27: Data Table on Comparison by Application
  • 5.3 Personal use – Market size and forecast 2021-2026
    • Exhibit 28: Chart on Personal use – Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Personal use – Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Personal use – Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Personal use – Year-over-year growth 2021-2026 (%)
  • 5.4 Car sharing and car rental – Market size and forecast 2021-2026
    • Exhibit 32: Chart on Car sharing and car rental – Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Car sharing and car rental – Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Car sharing and car rental – Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Car sharing and car rental – Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Application
    • Exhibit 36: Market opportunity by Application ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 Europe – Market size and forecast 2021-2026
    • Exhibit 42: Chart on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on Europe – Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on Europe – Year-over-year growth 2021-2026 (%)
  • 7.4 North America – Market size and forecast 2021-2026
    • Exhibit 46: Chart on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on North America – Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on North America – Year-over-year growth 2021-2026 (%)
  • 7.5 APAC – Market size and forecast 2021-2026
    • Exhibit 50: Chart on APAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on APAC – Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on APAC – Year-over-year growth 2021-2026 (%)
  • 7.6 South America – Market size and forecast 2021-2026
    • Exhibit 54: Chart on South America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on South America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on South America – Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on South America – Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa – Market size and forecast 2021-2026
    • Exhibit 58: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
  • 7.8 US – Market size and forecast 2021-2026
    • Exhibit 62: Chart on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on US – Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on US – Year-over-year growth 2021-2026 (%)
  • 7.9 Germany – Market size and forecast 2021-2026
    • Exhibit 66: Chart on Germany – Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on Germany – Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on Germany – Year-over-year growth 2021-2026 (%)
  • 7.10 UK – Market size and forecast 2021-2026
    • Exhibit 70: Chart on UK – Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on UK – Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on UK – Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on UK – Year-over-year growth 2021-2026 (%)
  • 7.11 Sweden – Market size and forecast 2021-2026
    • Exhibit 74: Chart on Sweden – Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on Sweden – Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on Sweden – Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on Sweden – Year-over-year growth 2021-2026 (%)
  • 7.12 Canada – Market size and forecast 2021-2026
    • Exhibit 78: Chart on Canada – Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on Canada – Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on Canada – Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Canada – Year-over-year growth 2021-2026 (%)
  • 7.13 China – Market size and forecast 2021-2026
    • Exhibit 82: Chart on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 83: Data Table on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 84: Chart on China – Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on China – Year-over-year growth 2021-2026 (%)
  • 7.14 Market opportunity by geography
    • Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 89: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 90: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 91: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 92: Matrix on vendor position and classification
  • 10.3 BMW AG
    • Exhibit 93: BMW AG – Overview
    • Exhibit 94: BMW AG – Business segments
    • Exhibit 95: BMW AG – Key news
    • Exhibit 96: BMW AG – Key offerings
    • Exhibit 97: BMW AG – Segment focus
  • 10.4 Continental AG
    • Exhibit 98: Continental AG – Overview
    • Exhibit 99: Continental AG – Business segments
    • Exhibit 100: Continental AG – Key news
    • Exhibit 101: Continental AG – Key offerings
    • Exhibit 102: Continental AG – Segment focus
  • 10.5 Daimler AG
    • Exhibit 103: Daimler AG – Overview
    • Exhibit 104: Daimler AG – Business segments
    • Exhibit 105: Daimler AG – Key news
    • Exhibit 106: Daimler AG – Key offerings
    • Exhibit 107: Daimler AG – Segment focus
  • 10.6 DENSO Corp.
    • Exhibit 108: DENSO Corp. – Overview
    • Exhibit 109: DENSO Corp. – Business segments
    • Exhibit 110: DENSO Corp. – Key news
    • Exhibit 111: DENSO Corp. – Key offerings
    • Exhibit 112: DENSO Corp. – Segment focus
  • 10.7 Hyundai Motor Co.
    • Exhibit 113: Hyundai Motor Co. – Overview
    • Exhibit 114: Hyundai Motor Co. – Business segments
    • Exhibit 115: Hyundai Motor Co. – Key offerings
    • Exhibit 116: Hyundai Motor Co. – Segment focus
  • 10.8 Robert Bosch GmbH
    • Exhibit 117: Robert Bosch GmbH – Overview
    • Exhibit 118: Robert Bosch GmbH – Business segments
    • Exhibit 119: Robert Bosch GmbH – Key news
    • Exhibit 120: Robert Bosch GmbH – Key offerings
    • Exhibit 121: Robert Bosch GmbH – Segment focus
  • 10.9 Samsung Electronics Co. Ltd.
    • Exhibit 122: Samsung Electronics Co. Ltd. – Overview
    • Exhibit 123: Samsung Electronics Co. Ltd. – Business segments
    • Exhibit 124: Samsung Electronics Co. Ltd. – Key news
    • Exhibit 125: Samsung Electronics Co. Ltd. – Key offerings
    • Exhibit 126: Samsung Electronics Co. Ltd. – Segment focus
  • 10.10 Tesla Inc.
    • Exhibit 127: Tesla Inc. – Overview
    • Exhibit 128: Tesla Inc. – Business segments
    • Exhibit 129: Tesla Inc. – Key offerings
    • Exhibit 130: Tesla Inc. – Segment focus
  • 10.11 Valeo SA
    • Exhibit 131: Valeo SA – Overview
    • Exhibit 132: Valeo SA – Business segments
    • Exhibit 133: Valeo SA – Key news
    • Exhibit 134: Valeo SA – Key offerings
    • Exhibit 135: Valeo SA – Segment focus
  • 10.12 Volkswagen AG
    • Exhibit 136: Volkswagen AG – Overview
    • Exhibit 137: Volkswagen AG – Business segments
    • Exhibit 138: Volkswagen AG – Key offerings
    • Exhibit 139: Volkswagen AG – Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 140: Inclusions checklist
    • Exhibit 141: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 142: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 143: Research methodology
    • Exhibit 144: Validation techniques employed for market sizing
    • Exhibit 145: Information sources
  • 11.5 List of abbreviations
    • Exhibit 146: List of abbreviations
SegmentsSubsegments
Application

 

  • Single-Function
  • Multi-Function
Technology

 

  • Remote Keyless Entry (RKE)
  • Passive Keyless Entry (PKE)
  • Near Field Communication (NFC) Keyless Entry
  • Others
Key Type

 

  • Electric
  • Non-Electric
Vehicle Type

 

  • Passenger Vehicle
  • Commercial Vehicle
  • Others
  • Infineon Technologies AG
  • Telefonaktiebolaget LM Ericsson
  • Continental AG
  • Denso Corporation
  • Tokai Rika Co. Ltd.
  • ALPHA Corporation
  • NXP Semiconductors
  • Garmin Ltd.
  • FASTECH, LLC.
  • GARIN System Co., Ltd.
  • STMicroelectronics

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