Press release
Automotive Digital Key Market 2021 by Application, Consumption, Industry Share, Growth Opportunities, Regions & Forecast by 2027 | (Impact of COVID-19) | Bosch, Continental, Ericsson
The Global “Automotive Digital Key Market” research report offers detailed information on business development, advanced growth strategies, and forecasted trends. It covers sales patterns, market size, price structure, market share, and market progressions, as well as the current condition and future prospects of the market.The Automotive Digital Key market research report provides a comprehensive insight of the global industry’s revenue, demand situation, competitive landscape, and regional segments. This report also includes a thorough examination of the Automotive Digital Key market, including all of the factors that influence market growth, as well as Porter’s Five Forces and SWOT analyses.
The Analysts forecast the global Automotive Digital Key market to grow at a CAGR of 22.9 % during the period 2021-2027.
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Some of the Prominent Companies in this Automotive Digital Key market are:
Bosch, Continental, Ericsson, SAMSUNG, Valeo
Industry Developments
In December 2019, Ericsson and Microsoft entered in a joint collaboration for the development of secure and accelerated cloud services for the next-generation of connected cars. Combining Ericsson’s Connected Vehicle Cloud and Microsoft Connected Vehicle Platform has enabled automobile manufacturers to accelerate the production of connected car services globally. The integrated, combined platform solution enables automakers to deploy and scale global vehicle services including fleet management, over-the-air (OTA) software updates for vehicles and connected safety services at a rapid pace and at reduced costs.
The Automotive Digital Key market size, market characteristics, and market growth of the industry are detailed in this study, which is divided into types, applications, and consumption areas. The research also describes the major firms and introduces players in the industry from the standpoint of the industry chain and marketing chain.
Automotive Digital Key Market: Overview
The global automotive digital key market was valued over US$ 1.3 Mn in 2020. It is estimated to expand at a CAGR of 22.9% from 2021 to 2027.
Increasing focus on vehicle safety features, rising demand for automation and electric vehicles, growing trend of vehicle electrification in the automobile industry as well as government regulations on emissions, and fuel efficiency are prominent factors driving the demand for advanced features in vehicles, including keyless entry system in vehicles
MARKET SEGMENTATION
Automotive Digital Key Market, by Type
Passenger Car
Commercial Vehicle
Automotive Digital KeyMarket, by Application
Personal Car
Car Sharing
Car Rental
Automotive Digital Key Market, by Region
Global Automotive Digital Key Market is further classified on the basis of region as follows:
Based on region, the global automotive digital key has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
Asia Pacific accounted for a major share of the global automotive digital key. Asia Pacific has major presence of developed countries that are home to advanced research and development facilities for digital key, which is likely to enhance the use of digital key solutions across the region. China dominates the automotive digital key market in Asia Pacific. China is the hub for automotive markets across the globe. Demand for keyless entry access systems in the market in China and India is increasing at a rapid pace, as various China- and India-based companies are launching vehicles with keyless entry feature, which, in turn, is estimated to propel the automotive digital key market in China and India. The market is also driven by increasing sales of passenger car in countries such as China, Japan, India, and South Korea. Sales of passenger cars and commercial vehicles in countries in ASEAN have been rising significantly for the past few years, which is also estimated to boost the automotive digital key in Asia Pacific during the forecast period.
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Goals and objectives of the study
Identify major market trends, developments, opportunities, and influencing factors in the worldwide Automotive Digital Key market and its sub-segments.
For the global Automotive Digital Key market, identify and analyse main industry categories and their corresponding frameworks.
Estimate the global size of the Automotive Digital Key market and analyse it by type, application, and region.
Identify key players and analyse the business environment based on recent events and revenue segments.
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What does the Report Include?
The market report contains a complete analysis of the company’s major drivers and constraints, opportunities, and challenges throughout the forecasted timeframe. In addition, the research provides in-depth analysis of the market’s regional changes and how they will influence its growth during the forecast period.
Our research analysts gathered information from industry experts and used a variety of research approaches to compile this report. The competitive landscape provides more information on the companies’ strategies for maintaining market dominance between 2021 and 2026, including product launches, partnerships, mergers and acquisitions, and collaborations.
The report can answer the following questions:
North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Global Automotive Digital Key industry.
Global major Innovation and developments operating situation (sales, revenue, growth rate and gross margin) of Global Automotive Digital Key industry.
Different types and applications of Global Automotive Digital Key industry, market share of each type and application by revenue.
Global market size (sales, revenue) forecast by regions and countries from 2021 to 2026 of Automotive Digital Key industry.
PEST analysis of Global Automotive Digital Key industry
SWOT analysis of Global Automotive Digital Key industry.
Global Automotive Digital Key Industry New Project Investment Feasibility Analysis.
Report Customization
Our innovative data-mining technique allows us to provide our clients with exclusive and customized insights while preserving precision and speed. On all key fronts – regional, segment, and competitive landscape level – we personalize the Research data. With every report purchase, we include 40 analyst hours of free customization
About Us:
Market intelligence data is a global front-runner in the research industry, offering contextual and data-driven research services to customers. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customized research reports.
Contact Us:
Irfan Tamboli (Head of Sales) – MARKET INTELLIGENCE DATA
Phone: +1 (704) 266-3234
Mail to: sales@marketintelligencedata.com
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