Press release
Automotive Smart Key Market Likely To See Massive Surge In Demand By 2031
Automotive Smart Key Market
The regions covered in the automotive smart key market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. Among these regions, North America accounts for the largest automotive smart key market share.
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The automotive smart key market consists of sales of automotive smart keys by entities (organizations, sole traders, and partnerships) that refer to a computerised key that uses radio waves to communicate with its associated vehicle through one of the self-embedded antennas. Automotive smart keys allow users to unlock, lock, or start a vehicle electronically, without the use of a physical ignition.
Key competitors in the automotive smart key market include TOKAI RIKA CO., Continental AG, Denso Corp, Alfa Corp., ZF Friedrichshafen AG, Valeo, Bosch, Mitsubishi, Alps Electric, Delphi, Hella kgaa, Visteon Corporation, Toyota, and Calsonic Kansei.
The global automotive smart key market size is expected to grow from $12.15 billion in 2021 to $12.81 billion in 2022 at a compound annual growth rate (CAGR) of 5.42%. The growth in the market is mainly due to the companies' resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global automotive smart keys market size is expected to reach $15.86 billion in 2026 at a CAGR of 5.49%.
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TBRC's report segments the global automotive smart key market:
1) By Type: Passive Key Less Access, Remote Key Less Access
2) By Installation: OEM, After Market
3) By Application: Single Function, Multi-Function
Read Further On The Automotive Smart Key Market Here:
https://www.thebusinessresearchcompany.com/report/automotive-smart-key-global-market-report
The Table of Contents includes:
1. Executive Summary
2. Automotive Smart Key Market Characteristics
3. Automotive Smart Key Market Trends And Strategies
4. Impact Of COVID-19 On Automotive Smart Key
5. Automotive Smart Key Market Size And Growth
.....
27. Automotive Smart Key Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Smart Key Market
29. Automotive Smart Key Market Future Outlook and Potential Analysis
30. Appendix
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