Automotive OEM Key Market to Reach Valuation of US$ 280 Mn by 2030, TMR Insight

The global Automotive OEM Key Market is estimated to attain a valuation of US$ 280 Mn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 2% during the forecast period, 2021 to 2031.

Advancements in microelectronics and connectivity technologies are leading to the development of vehicle keys with advanced security features, such as biometric scanning, which are capable of performing multiple functions. For instance, in August 2020, KIA Corporation announced that its new Sorento vehicle model would be equipped with the remote smart parking assist feature that can be controlled through the key fob. Such keys enhance the customer experience and hence, they are expected to propel the global automotive OEM key market in the near future.

Based on technology, the remote keyless entry system segment held a dominant share of the global automotive OEM key market in 2019. It is anticipated to expand at a notable CAGR during the forecast period, owing to their high ease of operation. The remote keyless entry system enables the consumer to open the doors and start the vehicle without inserting the key, thus creating convenience in operation, which has contributed towards its popularity.

The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the Automotive OEM Key industry. The current and historical status of the market together with forecasted market size and trends are demonstrated in the assessment in simple manner. In addition, the report delivers data on the volume, share, revenue, production, and sales in the market.

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Automotive OEM Key Market : Industry Trends and Value Chain

The study on the Automotive OEM Key Market presents a granular assessment of the macroeconomic and microeconomic factors that have shaped the industry dynamics. An in-depth focus on industry value chain help companies find out effective and pertinent trends that define customer value creation in the market. The analysis presents a data-driven and industry-validated frameworks for understanding the role of government regulations and financial and monetary policies. The analysts offer a deep-dive into the how these factors will shape the value delivery network for companies and firms operating in the market.

Automotive OEM Key Market : Branding Strategies and Competitive Strategies

Some of the key questions scrutinized in the study are:

·       What are some of the recent brand building activities of key players undertaken to create customer value in the Automotive OEM Key Market?

·       Which companies are expanding litany of products with the aim to diversify product portfolio?

·       Which companies have drifted away from their core competencies and how have those impacted the strategic landscape of the Automotive OEM Key Market?

·       Which companies have expanded their horizons by engaging in long-term societal considerations?

·       Which firms have bucked the pandemic trend and what frameworks they adopted to stay resilient?

·       What are the marketing programs for some of the recent product launches?

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Key players operating in the global automotive OEM key market include Altuna Group

Chiavit (Tornado Group)
Continental AG
Credit Card Keys
dormakaba Holding
Garin System Co. Ltd
Hangzhou Zhengdian Technology Co., Ltd.
Heights Security, Inc.
LOCKMASTERS INCORPORATED

Automotive OEM Key Market : Assessment of Avenues and Revenue Potential in Key Geographies

Some of the key aspects that the study analyzes and sheds light are:

·       Which regions are witnessing rise in investments in the supply chain networks?

·       Which countries seems to have benefitted from recent import and export policies?

·       Which regions have witnessed decline in consumer demand due to economic and political upheavals?

·       Which are some the key geographies that are likely to emerge as lucrative markets?

·       Which regions are expected to lose shares due to pricing pressures?

·       Which regions leading players are expected to expand their footprints in the near future?

·       What are some the sustainability trends impacting the logistics and supply chain dynamics in the Automotive OEM Key Market?

·       What are some of the demographic and economic environments that create new demand in developing economies?

·       How are changing government regulations shaping business strategies and practices?

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About Transparency Market Research

Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research firm that offers Market Analysis Reports and business consulting. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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This release was published on openPR.