Automotive Smart Key Market Global Analysis 2018 To 2023: By Size, Share, Key Companies - Denso, Valeo, TRW Automotive, Continental, HELLA, Hyundai, Visteon Corporation, Silca, Toyota Motor and ALPHA Corporation

Automotive Smart Key Market Research Report - Global Industry Analysis To 2023, is latest report on Automotive Smart Key industry, which provides comprehensive information on Global Automotive Smart Key Market Technology (Infra-Red Sensor, Transmission and Other), By End Market (OEM and Aftermarket) and by Region. Automotive Smart Key Market to Scale at a CAGR over 5.9% between 2018 and 2023.

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Automotive Smart Key market key Company reviewed in report:

Denso Corporation (Japan), Valeo (France) ,TRW Automotive (U.S.), Continental AG (Germany), HELLA KGaA Hueck & Co.( Germany), Hyundai Mobis(India), Visteon Corporation (U.S.), Silca S.p.A. (Italy), Toyota Motor Corporation (Japan) and ALPHA Corporation

Automotive Smart Key Market Synopsis:

Automotive smart key is a computerized key, which locks and unlocks a vehicle without using the conventional key and pressing the buttons on the remote or smart key. It is segmented into two segments: Technology and End Market. On the basis of Technology, it is segmented into Infra-Red Sensor, Transmission and Other. On the basis of end market it is segmented into OEM and Aftermarket. Aftermarket accounted for the largest market share. Aftermarket is generally the secondary market for automotive concerned with manufacturing, distribution, retailing and installation of vehicle parts.

The increase in government regulation for safety features will enable the automotive manufacturers to install various safety system. This will increase the demand for smart key for the vehicles. The modern vehicles are equipped with several security systems such as door locks, ignition lock, steering lock, anti-theft alarm, electronic engine immobiliser, and among others. Various types of key blades are used in the vehicle nowadays with some being cut from the outside and others groove embedded. The current vehicle is equipped with immobiliser system which secure the vehicle against hotwiring. The immobiliser system will increase the demand for smart key market in future.

Technological advancements along with the demand for convenience are the key factors are driving the growth of automotive smart key market. Asia-Pacific is estimated to account for the largest share of the automotive smart key system market. This can mainly be attributed to the rising vehicle production and the increasing installation of safety features in passenger cars, commercial vehicles. Additionally, high demand from customers and high purchasing power has upped the demand for vehicles and boosted the market for automotive smart key. The Europe and North American market are expected to experience a steady level of growth.

Automotive Smart Key Market Segmentation:

The global Automotive Smart Key market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Technology: Comprises Infra-Red Sensor, Transmission and Other
Segmentation by End Market: Comprises OEM and Aftermarket
Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Automotive Smart Key Market Regional Analysis:

Asia Pacific region is projected to grow at a fastest rate due to the increase in the demand for security system in the vehicles. The increase in the sales of passenger cars in Asia Pacific region will result in increased installation of safety system in the vehicle. This increased installation of safety system will result in growth of smart key market in future. North America is expected to be the second largest market due to increase in the government regulation for safety of the vehicle. In North America, U.S. is expected to be the largest country that will grow in future. Government have taken various initiative in order to increase the safety system in the vehicle. The OEM in North America are adopting higher installation of system in the vehicle. This will boost the smart key market in North America. Europe is expected to be the third largest market due to growing demand for smart key technology. In Europe, Germany is expected to be the largest country that will grow in future.

Automotive Smart Key Industry Developments:

The key strategies followed by most companies within the global Automotive Smart Key market are that of new product development.
In 2017, Valeo and Cisco signed an agreement in order to develop strategic innovation in smart mobility services.
In 2017, Continental has enhanced its product portfolio and acquires full ownership of OTA keys. This will enable them to increase the product portfolio.
Major Table of Content:

1 Executive Summary

2 Research Methodology

2.1 Scope Of The Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market Size Estimation

2.4 Forecast Model

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

4 Global Automotive Smart Key Market, By Technology

4.1 Introduction

4.2 Infra-Red Sensor

4.3 Transmission

4.4 Others

5 Global Automotive Smart Key Market, By End Market

5.1 Introduction

5.2 OEM

5.3 Aftermarket

6 Regional Market Analysis

Continued…

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