Automotive Smart Key Market Research Report - Global Forecast to 2027

Global Automotive Smart Key Market, By Technology (Infra-Red Sensor, Transmission and Other), By End Market (OEM and Aftermarket) - Forecast 2020-2027

ID: MRFR/AM/2748-HCR | February 2021 | Region: Global | 110 pages

Please note that the assessment period of report has been updated from 2017-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market Synopsis of Automotive Smart Key Market


Automotive smart key is a computerized key, which locks and unlocks a vehicle without using the conventional key and pressing the buttons on the remote or smart key. It is segmented into two segments: Technology and End Market. On the basis of Technology, it is segmented into Infra-Red Sensor, Transmission and Other. On the basis of end market it is segmented into OEM and Aftermarket. Aftermarket accounted for the largest market share. Aftermarket is generally the secondary market for automotive concerned with manufacturing, distribution, retailing and installation of vehicle parts.


Technological advancements, vehicle security regulations and consumer awareness about sophisticated vehicle security features, are some of the factors pushing the market towards growth.


Furthermore, high cost acts as a major barrier for the growth of the market.


The major player operating in the market of global automotive smart key are Denso Corporation (Japan), Valeo (France) ,TRW Automotive (U.S.), Continental AG (Germany), HELLA KGaA Hueck & Co.( Germany), Hyundai Mobis(India), Visteon Corporation (U.S.), Silca S.p.A. (Italy), Toyota Motor Corporation (Japan) and ALPHA Corporation


Recently, in 2016, Toyota Motor Corporation, a Japanese multinational automotive manufacturer invented a smart key box, which turns a smartphone into a car key. The company invented a Bluetooth-enabled device that allows users to unlock and start the engine of a car using just their smartphone.


Global Automotive smart key Market: Segmentation


 Global Automotive smart key Market


Automotive smart key market is highly application driven and systems are gaining popularity across end users and technologies such as Infra-Red Sensor, Transmission and Others. Technological advancements along with the demand for convenience are the key factors are driving the growth of automotive smart key market. Asia-Pacific is estimated to account for the largest share of the automotive smart key system market. This can mainly be attributed to the rising vehicle production and the increasing installation of safety features in passenger cars, commercial vehicles. Additionally, high demand from customers and high purchasing power has upped the demand for vehicles and boosted the market for automotive smart key. The Europe and North American market are expected to experience a steady level of growth.


Market is expected to reach at the market size of USD 22 billion by the end of forecast period with CAGR of 5.9% between 2017 and 2023.


The report for Global Automotive Smart Key Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   15.46% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Technology, By End Market, By Application, By Vehicle type
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Denso Corporation (Japan), Valeo (France) ,TRW Automotive (U.S.), Continental AG (Germany), HELLA KGaA Hueck & Co.( Germany), Hyundai Mobis(India), Visteon Corporation (U.S.), Silca S.p.A. (Italy), Toyota Motor Corporation (Japan) and ALPHA Corporation
  Key Market Opportunities

  • Infra-Red Sensor
  • Transmission
  •   Key Market Drivers

  • Technological advancements
  • Vehicle security regulations


  • Frequently Asked Questions (FAQ) :


    The increased focus on safety regulation is anticipated to define the growth of the market in the forecast period.

    An encouraging CAGR is expected to influence the global market.

    A balanced income level is expected to be seen in the market.

    HELLA KGaA Hueck & Co.(Germany), Continental AG (Germany), Toyota Motor Corporation (Japan), Hyundai Mobis (India), Silca S.p.A. (Italy) and Visteon Corporation (U.S.) are the challengers in the market.

    The APAC region is likely to emerge as the top region in the global market.

    1 Executive Summary

    2 Research Methodology

    2.1 Scope of the Study

    2.1.1 Definition

    2.1.2 Research Objective

    2.1.3 Assumptions

    2.1.4 Limitations

    2.2 Research Process

    2.2.1 Primary Research

    2.2.2 Secondary Research

    2.3 Market size Estimation

    2.4 Forecast Model

    3 Market Dynamics

    3.1 Market Drivers

    3.2 Market Inhibitors

    3.3 Supply/Value Chain Analysis

    3.4 Porter’s Five Forces Analysis

    4 Global Automotive Smart Key Market, By Technology

    4.1 Introduction

    4.2 Infra-Red Sensor

    4.3 Transmission

    4.4 Others

    5 Global Automotive Smart Key Market, By End Market

    5.1 Introduction

    5.2 OEM

    5.3 Aftermarket

    6 Regional Market Analysis

    6.1 Introduction

    6.2 North America

    6.2.1 U.S.

    6.2.2 Canada

    6.3 Europe

    6.3.1 U.K

    6.3.2 France

    6.3.3 Germany

    6.3.4 Spain

    6.3.5 Rest of Europe

    6.4 Asia-Pacific

    6.4.1 China

    6.4.2 Japan

    6.4.3 India

    6.4.4 Rest of Asia-Pacific

    6.5 Rest of the World

    7 Competitive Analysis

    7.1 Introduction

    7.2 Competitive Scenario

    7.2.1 Market Share Analysis

    7.2.2 Market Development Analysis

    7.2.3 Technology/Service Benchmarking

    7.3 Denso Corporation

    7.3.1 Overview

    7.3.2 Technology/Service Offering

    7.3.3 Strategy

    7.4 Valeo

    7.4.1 Overview

    7.4.2 Technology/Service Offering

    7.4.3 Strategy

    7.5 TRW Automotive

    7.5.1 Overview

    7.5.2 Technology/Service Offering

    7.5.3 Strategy

    7.7 Continental AG

    7.7.1 Overview

    7.7.2 Technology/Service Offering

    7.7.3 Strategy

    7.7 HELLA KGaA Hueck & Co

    7.7.1 Overview

    7.7.2 Technology/Service Offering

    7.7.3 Strategy

    7.8 Hyundai Mobis

    7.8.1 Overview

    7.8.2 Technology/Service Offering

    7.8.3 Strategy

    7.9 Visteon Corporation

    7.9.1 Overview

    7.9.2 Technology/Service Offering

    7.9.3 Strategy

    7.10 Silca S.p.A.

    7.10.1 Overview

    7.10.2 Technology/Service Offering

    7.10.3 Strategy

    7.11 Toyota Motor Corporation

    7.11.1 Overview

    7.11.2 Technology/Service Offering

    7.11.3 Strategy

    7.12 ALPHA Corporation

    7.12.1 Overview

    7.12.2 Technology/Service Offering

    7.12.3 Strategy

    LIST OF TABLES
    TABLE 1 GLOBAL AUTOMOTIVE SMART KEY MARKET, BY TECHNOLOGY

    TABLE 2 GLOBAL AUTOMOTIVE SMART KEY MARKET, BY END MARKET

    TABLE 3 GLOBAL AUTOMOTIVE SMART KEY MARKET, BY REGIONS

    TABLE 4 NORTH AMERICA AUTOMOTIVE SMART KEY MARKET, BY TECHNOLOGY

    TABLE 5 NORTH AMERICA AUTOMOTIVE SMART KEY MARKET, BY END MARKET

    TABLE 6 U.S. AUTOMOTIVE SMART KEY MARKET, BY TECHNOLOGY

    TABLE 7 U.S. AUTOMOTIVE SMART KEY MARKET, BY END MARKET

    TABLE 8 CANADA AUTOMOTIVE SMART KEY MARKET, BY TECHNOLOGY

    TABLE 9 CANADA AUTOMOTIVE SMART KEY MARKET, BY END MARKET

    TABLE 10 EUROPE AUTOMOTIVE SMART KEY MARKET, BY TECHNOLOGY

    TABLE 11 EUROPE AUTOMOTIVE SMART KEY MARKET, BY END MARKET

    TABLE 12 GERMANY AUTOMOTIVE SMART KEY MARKET, BY TECHNOLOGY

    TABLE 13 GERMANY AUTOMOTIVE SMART KEY MARKET, BY END MARKET

    TABLE 14 FRANCE AUTOMOTIVE SMART KEY MARKET, BY TECHNOLOGY

    TABLE 15 FRANCE AUTOMOTIVE SMART KEY MARKET, BY END MARKET

    TABLE 16 U.K. AUTOMOTIVE SMART KEY MARKET, BY TECHNOLOGY

    TABLE 17 U.K. AUTOMOTIVE SMART KEY MARKET, BY END MARKET

    TABLE 18 REST OF EUROPE AUTOMOTIVE SMART KEY MARKET, BY TECHNOLOGY

    TABLE 19 REST OF EUROPE AUTOMOTIVE SMART KEY MARKET, BY END MARKET

    TABLE 20 ASIA-PACIFIC AUTOMOTIVE SMART KEY MARKET, BY TECHNOLOGY

    TABLE 21 ASIA-PACIFIC AUTOMOTIVE SMART KEY MARKET, BY END MARKET

    TABLE 22 ROW AUTOMOTIVE SMART KEY MARKET, BY TECHNOLOGY

    TABLE 23 ROW AUTOMOTIVE SMART KEY MARKET, BY END MARKET
    LIST OF FIGURES
    FIGURE 1 RESEARCH METHODOLOGY

    FIGURE 2 GLOBAL AUTOMOTIVE SMART KEY MARKET: BY TECHNOLOGY (%)

    FIGURE 3 GLOBAL AUTOMOTIVE SMART KEY MARKET: BY END MARKET (%)

    FIGURE 4 GLOBAL AUTOMOTIVE SMART KEY MARKET: BY REGION

    FIGURE 5 NORTH AMERICA AUTOMOTIVE SMART KEY MARKET, BY TECHNOLOGY (%)

    FIGURE 6 NORTH AMERICA AUTOMOTIVE SMART KEY MARKET, BY END MARKET (%)

    FIGURE 7 EUROPE AUTOMOTIVE SMART KEY MARKET, BY TECHNOLOGY (%)

    FIGURE 8 EUROPE AUTOMOTIVE SMART KEY MARKET, BY END MARKET (%)

    FIGURE 9 ASIA-PACIFIC AUTOMOTIVE SMART KEY MARKET, BY TECHNOLOGY (%)

    FIGURE 10 ASIA-PACIFIC AUTOMOTIVE SMART KEY MARKET, BY END MARKET (%)

    FIGURE 11 ROW AUTOMOTIVE SMART KEY MARKET, BY TECHNOLOGY (%)

    FIGURE 12 ROW AUTOMOTIVE SMART KEY MARKET, BY END MARKET (%)