Press release
Automotive Digital Key Market Share 2022: Global Key Findings, Industry Demand, Regional Analysis, Key Players Profiles, Future Prospects and Forecasts to 2027
The Automotive Digital Key Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report. The market report additionally gives a to-the-point evaluation of the techniques and plans of action that are being executed by the players and companies to contribute to the Automotive Digital Key market growth.The Global Automotive Digital Key Market Size is Projected to Reach at a CAGR of 22% during 2022-2027.
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Market Overview:
Rise in integration of luxury features in vehicles, including advanced drive assistance systems and connected vehicles using the Internet of Things, is prompting vehicle manufacturers to develop advanced vehicle security systems. Increase in use of smartphone applications in vehicles is also a major factor boosting the integration of digital key solutions in vehicles.
Increase in penetration of wireless connectivity in vehicles is likely to fuel the demand for digital key solutions in vehicles. Likewise, DS, Citroën's luxury car brand, developed a novel use for the key fob, making it a contactless payment card. Simply tapping the key fob on the screen of a card payment terminal enables it to be used similar to a normal credit or debit card for any transaction of US$ 40 or less. Users can add money to the key via a smartphone app and since it employs an integrated chip plus Radio-Frequency Identification (RFID), it is safe and secure as any current payment card, adopted by a number of consumers across Europe.
Top Leading Companies:
Global Railcar Mover Group, Shuttlewagon/Nordco, CRRC, Drapeau, Colmar Technik, Dongda Power, G. Zwiehoff
Automotive Digital Key Market Segmentation by Type:
RKES
PKES
Automotive Digital Key Market Segmentation by Application:
Passenger Vehicle
Commercial Vehicle
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Asia Pacific Dominates the Market
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.
Regional Automotive Digital Key Market (Regional Output, Demand & Forecast by Countries)
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.
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Highlights of the Automotive Digital Key Market Report:
Detailed overview of Automotive Digital Key Market
Changing the Automotive Digital Key market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Automotive Digital Key market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Automotive Digital Key Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.
The research includes historic data from 2016 to 2022 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Finally, the Automotive Digital Key Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Automotive Digital Key industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
We Offer Customization on Report Based on Specific Client Requirement:
– Free country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point.
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Phone: + 1704 266 3234 | Mob: +91-750-707-8687
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