Automotive Smart Key Market 2019 Global Industry Outlook to 2023 Research Report published by Market Research Future. Global Automotive Smart Key Market segmented by Technology (Infra-Red Sensor, Transmission and Other), By End Market (OEM and Aftermarket), Region with Forecast To 2023. According to the report Global Automotive Smart Key Market anticipated to achieve 5.9% CAGR by 2023.
Key Companies Analyzed:
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.
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Automotive Smart Key Market Overview:
An automotive smart key is referred to a computerized key which is capable of locking and unlocking a vehicle without having to use a traditional key. An automotive smart key works using the buttons on the remote or smart key. It functions using an identifying antenna which is attached to the vehicle and a radio pulse generator which is integrated with the key. When an automotive is integrated with a smart key, it has just one button that is located on the door handle to lock the vehicle.
A report recently launched by Market Research Future (MRFR), the global automotive smart key market is estimated to garner a market revenue valuation of USD 22 billion by the end of the forecast period. The MRFR analysis has also suggested that the global automotive smart key market is expected to register a 5.9% CAGR between 2017-2023. Several factors attributing to the ascension noted in the global automotive smart key market include technological advancements observed in the automotive industry, along with vehicle security regulations laid out by the government. Further, consumer awareness towards advanced technologies and rising demand for sophisticated vehicle security features are contributing heavily to the growth of the global automotive smart key market. However, a high cost of such technology integration is posing as a significant restraint on the progress of the global automotive smart key market.
Market Segmentation:
The global automotive smart key market is segmented, by MRFR, on the basis of technology, end-market, and region. Based on technology, the global automotive smart key market is segmented into infra-red sensor and transmission. Based on end market, the global automotive smart key market is segmented into original equipment manufacturers (OEMs) and aftermarket. Among these segments, the global automotive smart key market is ruled by the aftermarket segment. Aftermarket is usually a secondary market for automotive concerned with distribution, manufacturing, as well as retailing and installation of vehicular parts.
Regional Analysis:
The global automotive smart key market is analyzed by Market Research Future (MRFR), based on region, for the segments of North America, Europe, Asia Pacific, and Rest of the World. Among these regions, Asia Pacific accounted for the largest share of the global automotive smart key market in the base year. The APAC region is also expected to retain its dominance over the market through the forecast period of 2017-2023.
This fast-paced growth in the regional market can be attributed to the technological advancements and an accelerated rise in demand for convenience. Moreover, rising vehicle production, coupled with an accelerated installation of safety features in such vehicles is promoting the growth of the automotive smart key market residing in Asia Pacific. In addition, elevating demand from customers for high end vehicles is also fostering growth in the APAC market for automotive smart keys. Emergence of urbanization, in addition to a rise in the disposable income of consumers is having a positive impact on the ascension of the automotive smart key market in Asia Pacific. On the other hand, Europe and North America’s automotive smart key market is anticipated to witness a steady pace of growth.
Table Of Contents
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
Continued…
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
Continued…
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 (%)
Continued…
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