Press release
Automotive Smart Key Market Manufacturing Structure Analysis 2021-2026
The market for automotive smart keys is expected to reach rise at a CAGR of 8 percent during the forecast period. Increasing technological development in automotive industry is driving thev growth of the automotive smart market.
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AUTOMOTIVE SMART KEYS MARKET SEGMENTATION:
By Technology
Security Technology
Infra-red Sensor Technology
Capacitive Sensor Technology
Others
By Function Type:
Single Function
Multi-function
By Sales Channel:
Aftermarket
Original equipment market
By Region:
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
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REGIONAL INSIGHT:
Asia pacific is likely to be the most profitable region during the forecast period. This is due to the growing production of automobile vehicle and rising installation of security features in passenger vehicles. In addition, due to growing demand of smart keys in China and India various automobile companies in these countries are developing vehicles with keyless entry features. This has led to the growth of automotive smart keys market in India and China. Moreover, there is a surging demand of smart keys with advanced technology in Japan is expected to propel the market growth in the country over the coming years. Hence, these developments are expected to drive the growth of smart keys market in Asia pacific region during the forecast period.
On the other hand, North America holds second largest share of the market owing to development in automotive infrastructure and ion of advanced technologies for vehicles. Europe is expected to witness slow growth due to rising number of hacking and cyber attacks. Since, automotive smart keys are wireless device the chance of vehicle theft high. However, Germany is estimated to show noteworthy growth as it is one of leading automotive market in the world.
Middle East and Africa regions are accounted for lowest share in the automotive smart keys market owing to no production facility of vehicles.
FEW KEY PLAYERS IN OXYTOCIN MARKET:
Alpha Corp.
Minda Corp. Ltd
Denso Corporation
Continental AG
Huf Hulsbeck & Furst GmbH & Co. KG
Honda Lock Mfg Co. Ltd
ZF Friedrichshafen AG
Valeo SA
HELLA GmbH & Co. KGaA
Tokai Rika Co. Ltd
Silicon Laboratories Inc.
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