Automotive Smart Key Market to Grow at a CAGR of 5.9% to reach US$ 12,020.4 Million from 2021 to 2028

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    Automotive and Transportation Automotive Smart Key Market

    Automotive Smart Key Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Application (Single Function and Multi-function) and Technology (Remote Keyless Entry and Passive Keyless Entry) and Geography

    Publication Month: Oct 2021 | Report Code: TIPRE00007451 | No. of Pages: 150 | Category: Automotive and Transportation | Status: Published

    The automotive smart key market is expected to grow from US$ 8,023.9 million in 2021 to US$ 12,020.4 million by 2028; it is estimated to grow at a CAGR of 5.9% from 2021 to 2028.

    With rapid technological advancements, the global automotive smart key market is estimated to grow at a significant CAGR during the forecast period. The increasing awareness about the vehicle safety and security among customers is boosting the need for automotive smart keys substantially. In addition, the rising demand for automobiles, electrification of vehicles, and the surge in the number of government policies and regulations pertaining to vehicle safety are anticipated to propel this market in the next few years. The production and sales of passenger and commercial vehicles have surged significantly across the world. This has resulted in high demand for central locking or comfort closing systems to increase the convenience of the driver and the security of the cabin. Further, automotive smart keys can benefits by conferring the added conveniences of opening doors, enabling users to start the engine without taking the key fob out of the pocket, and allowing the storage of vehicle settings data and remote opening of windows.

    Strategic Insights

    Automotive smart key manufacturers are actively focusing on design innovations, opening new opportunities for the market. Smart keys with two-way vehicle communications and rolling security code with changing patterns are also encouraging the market growth. Automakers are introducing smart key systems that employ radio communications and advanced detection systems to detect the presence of the key fob near or inside the vehicle. The automotive smart keys are waterproof and durable and, thus, exhibit extended performance. Technological advancements have enabled car manufacturers to employ sophisticated equipment for car security and safety at reduced costs. For instance, Mercedes-Benz’s “Smart Key” transmits a unique code to car’s onboard computer system, which is hard to duplicate for the benefit of heightened security.


    Impact of COVID-19 Pandemic on Automotive Smart Key Market

    Growth of economies, and improvements in production and manufacturing infrastructures, especially in developing countries, have bolstered the growth of the automobile market. According to several automotive industry associations and organizations, the automotive sector recorded ~20–25% loss in production and more than 30% loss in sales in 2020. After witnessing a significant drop in 2020 due to the COVID-19 pandemic, the automotive market has been experiencing a gradual recovery in consumer demand for trucks and cars since the last quarter of 2020.

    Lucrative Regions for Automotive Smart Key Market

    Lucrative Regions for Automotive Smart Key Market

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    Market Insight

    Increased Global Production of Luxury Cars Drives Automotive Smart Key Market Growth

    Shifting preferences of consumers and their increasing disposable incomes have fueled the demand for luxury cars worldwide. The need for a high level of comfort and safety and the new trend of electric vehicles is further bolstering the luxury cars segment. China’s luxury car market currently exhibits the highest growth potential among all the developing countries with a significant presence of carmakers, such as Audi, Mercedes-Benz, and BMW. According to the China Automobile Dealers Association, the China automotive industry reported the sale of approximately 2,77,000 luxury cars in April 2020, an 11.1% increase over April 2019. In September 2017, Continental Aftermarket & Services announced its Keys-as-a-Service Portfolio with the availability of its cloud-based solutions continental smart access (CoSmA) and remote cloud key (RCK) to provide keyless vehicle access and start authorization. This solution enables owners to access vehicles using a smart device, such as a smartphone. Such developments are significantly driving the automotive smart keys market.

    Application Segment Insights

    Based on application, the global automotive smart key market is segmented into single function and multi-function. The adoption of multi-function smart automotive keys is growing with the rising demands for luxury vehicles with equipped with advanced safety and security features. With access to standard car operations, many market players are offering multi-functional smart keys with creative solutions to modern problems. Smart keys make key sharing simple by digitizing the process and integrating with the customer’s phone. In 2016, Hyundai Motor Co. introduced a band-type wearable multi-function smart key that enables the driver to open car doors and trunk, and start the engine from remote areas. The key also features real-time fitness tracker such as heart rate monitoring during sleep or workout. Similarly, Valeo launched a smart watch system that allows drivers to lock and unlock vehicles by enabling the synchronization of data between the car and the smartphone; the drivers can these data to check tire pressure and fuel levels. The Ford Escape has settings to prevent the vehicle from exceeding a maximum speed if it has been started with a certain key. Technological advancements are further bolstering the growth of the market for multi-functional automotive smart keys.

    Automotive Smart Key Market, by Application (% Share)

    Automotive Smart Key Market, by Application (% Share)

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    Technology Segment Insights

    Based on technology, the global automotive smart key market is segmented into remote keyless entry and passive keyless entry.

    The remote keyless entry (RKE) is an electronic access system commonly used to protect vehicles from theft. Advanced features such as modular design with integrated electronic control unit (ECU), entry protection for the vehicle, separate unlocking of driver door and passenger door, and window lift function to prevent injury at automatic closing are bolstering the growth of the market for the RKE segment. In 2017, Hyundai Mobis developed an integrated smart key system, wherein an app on a smartphone supported by the Near Field Communication (NFC) technology is used as a smart key for the vehicle. Drivers can unlock their vehicle by positioning NFC-supported smartphone that acts as a remote control closer to the door of the vehicle. They can also start it by pressing the start button after setting their smartphone on the wireless charging pad inside their vehicles. The vehicle owners can also authorize a third party to use an NFC-based smart key, alongside controlling user permissions for the smart key, to prevent unwanted incidents.

    The automotive smart key market players focus on new product innovations and developments by using advanced technologies and features. In October 2021, TOKAI RIKA CO., LTD. decided to establish a new cloud business center, Aichi Prefecture, in Nagoya, to expand its cloud-based business activities, particularly those involving digital keys. This new office will be primarily responsible for the development and design of digital key systems and applications.

    Automotive Smart Key Market – by Application

    • Single Function
    • Multi-Function

    Automotive Smart Key Market – by Technology

    • Remote Keyless Entry
    • Passive Keyless Entry

    Automotive Smart Key Market – by Region

    • North America
      • US
      • Canada
      • Mexico
    • Europe
      • France
      • Germany
      • Italy
      • UK
      • Russia
      • Rest of Europe
    • Asia Pacific (APAC)
      • China
      • India
      • South Korea
      • Japan
      • Australia
      • Rest of APAC
    • Middle East & Africa (MEA)
      • South Africa
      • Saudi Arabia
      • UAE
      • Rest of MEA
    • South America (SAM)
      • Brazil
      • Argentina
      • Rest of SAM

    Automotive Smart Key Market – Company Profiles

    • ALPHA Corporation
    • Continental AG
    • Denso Corporation
    • Honda Lock Mfg. Co., Ltd.
    • Hyundai Mobis
    • Silca S.p. A.
    • TOKAI RIKA,CO, LTD.
    • TOYOTA MOTOR CORPORATION
    • Valeo
    • HELLA GmbH and Co. KGaA

    Frequently Asked Questions

    What are the driving factors responsible for the growth of automotive smart key market?
    Increased Global Production of Luxury Cars Surge in Safety Feature Deployment in Commercial and Passenger Vehicles
    What are the market opportunities for automotive smart key market?
    The rising demand for an electronic technology that assists drivers through a safe human-machine interface has propelled the growth of ADAS. The use of digital or radio frequency identification (RFID) technologies for signaling or information handling has been providing lucrative growth opportunities for smart key market vendors. The advanced telematics navigation and tracking systems are increasingly becoming a standard on vehicles. Advanced driving assistance systems in vehicles are estimated to surge due to the increasing awareness about vehicle safety ratings and decreasing component costs. In March 2020, NXP Semiconductors announced an automotive Digital Key Solution that enables smartphones, key fobs, and other mobile devices to securely communicate, authenticate, and share digital keys with vehicles. The solution is built on near-field communication (NFC) chipsets and enables new features, such as key sharing, multi-car access, and configurable driving rights. The increasing contribution of high-end technologies in the passenger car segment, attributed to supporting legislation and consumer awareness, is projected to boost the smart keys market in Europe, North America, and Asia Pacific.
    Which application-based segment has the largest market share in 2020?
    Based on Application, the global automotive smart key market is segmented into single function, and multi-function. The global automotive smart key market is dominated by single function segment in 2020, which accounted for ~ 56%.
    What are the future trend for automotive smart key market?
    The demand for active and passive Keyless entry systems to lock, unlock, and start the car’s engine remotely using RF signals has increased significantly. Mechanical keys restrict unauthorized access to automobiles. Modern vehicles use microcontrollers for applications, such as passive keyless entry systems and vehicle immobilizer systems. Embedded electronic systems are convenient; however, system security can be breached through theft or fault in the wireless interface scanning. This factor has led to the development of an automobile keyless entry system using two-factor authentication, in which, the automobile can autonomously verify the user and device-based key fob authentication framework, enabling a two-factor authentication system. The emerging trends of two-factor authentication in keyless authorization systems to prevent security breaches and hacking is boosting the global automotive smart key market. A state-of-the-art radio technology, innovative keyless system, high-precision, and interference-free key location system provide optimum safety and convenience to drivers and passengers.
    Who are the major vendors in the automotive smart key market?
    Key companies in the automotive smart key market include ALPHA Corporation; Continental AG; Denso Corporation; Honda Lock Mfg. Co., Ltd.; Hyundai Mobis; Silca S.p. A.; TOKAIRIKA,CO, LTD.; TOYOTA MOTOR CORPORATION; Valeo; and HELLA GmbH and Co. KGaA.
    Which region has the largest market share in the automotive smart key market?
    APAC held the largest market share in year 2020, along with the notable revenue generation opportunities in Europe and North America.

    1. Introduction. 19

    1.1 Study Scope. 19

    1.2 The Insight Partners Research Report Guidance. 19

    1.3 Market Segmentation. 20

    2. Key Takeaways. 22

    3. Research Methodology. 25

    3.1 Coverage. 26

    3.2 Secondary Research. 26

    3.3 Primary Research. 27

    4. Automotive Smart Key Market Landscape. 28

    4.1 Market Overview. 28

    4.2 PEST Analysis. 29

    4.2.1 North America. 29

    4.2.2 Europe. 29

    4.2.3 APAC.. 30

    4.2.4 MEA. 30

    4.2.5 SAM... 31

    4.3 Ecosystem Analysis. 31

    4.4 Expert Opinions. 32

    5. Automotive Smart Key Market – Key Market Dynamics. 33

    5.1 Market Drivers. 33

    5.1.1 Increased Global Production of Luxury Cars. 33

    5.1.2 Surge in Safety Feature Deployment in Commercial and Passenger Vehicles. 33

    5.2 Market Restraints. 34

    5.2.1 Concerns Regarding Data Security and Cybercrime. 34

    5.3 Market Opportunities. 34

    5.3.1 Advancements in Automotive Telematics and Advanced Driving Assistance Systems (ADAS) 34

    5.4 Future Trends. 35

    5.4.1 Increasing Uptake of Keyless Authorization Systems in Vehicles. 35

    5.5 Impact Analysis of Drivers And Restraints. 35

    6. Automotive Smart Key – Global Market Analysis. 36

    6.1 Global Automotive Smart Key Market Overview. 36

    6.2 Global Automotive smart key Market Revenue Forecast and Analysis. 38

    6.3 Market Positioning – Five Key Players. 39

    7. Automotive Smart Key Market Analysis – By Application. 40

    7.1 Overview. 40

    7.2 Automotive Smart Key Market, By Application (2020 and 2028) 40

    7.3 Single Function. 41

    7.3.1 Overview.. 41

    7.3.2 Single Function: Automotive Smart Key Market – Revenue and Forecast to 2028 (USD Million) 41

    7.4 Multi-function. 42

    7.4.1 Overview.. 42

    7.4.2 Multi-Function: Automotive Smart Key Market – Revenue and Forecast to 2028 (USD Million) 42

    8. Automotive Smart Key Market Analysis – By Technology. 43

    8.1 Overview. 43

    8.2 Automotive Smart Key Market, By Technology (2020 and 2028) 43

    8.3 Remote Keyless Entry. 44

    8.3.1 Overview.. 44

    8.3.2 Remote Keyless Entry: Automotive Smart Key Market – Revenue and Forecast to 2028 (USD Million) 44

    8.4 Passive Keyless Entry. 45

    8.4.1 Overview.. 45

    8.4.2 Passive Keyless Entry: Automotive Smart Key Market – Revenue and Forecast to 2028 (USD Million) 45

    9. Automotive Smart Key Market – Geographic Analysis. 46

    9.1 Overview. 46

    9.2 North America: Automotive smart key Market 47

    9.2.1 North America: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 47

    9.2.2 North America: Automotive Smart Key Market, By Application. 48

    9.2.3 North America: Automotive Smart Key Market, By Technology. 49

    9.2.4 North America: Automotive Smart Key Market, By Country. 50

    9.2.4.1 United States: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 51

    9.2.4.1.1 United States: Automotive Smart Key Market, By Application. 51

    9.2.4.1.2 United States: Automotive Smart Key Market, By Technology. 52

    9.2.4.2 Canada: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 53

    9.2.4.2.1 Canada: Automotive Smart Key Market, By Application. 53

    9.2.4.2.2 Canada: Automotive Smart Key Market, By Technology. 54

    9.2.4.3 Mexico: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 55

    9.2.4.3.1 Mexico: Automotive Smart Key Market, By Application. 55

    9.2.4.3.2 Mexico: Automotive Smart Key Market, By Technology. 56

    9.3 Europe: Automotive smart key Market 57

    9.3.1 Europe: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 57

    9.3.2 Europe: Automotive Smart Key Market, By Application. 58

    9.3.3 Europe: Automotive Smart Key Market, By Technology. 59

    9.3.4 Europe: Automotive Smart Key Market, By Country. 60

    9.3.4.1 Germany: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 61

    9.3.4.1.1 Germany: Automotive Smart Key Market, By Application. 61

    9.3.4.1.2 Germany: Automotive Smart Key Market, By Technology. 62

    9.3.4.2 France: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 63

    9.3.4.2.1 France: Automotive Smart Key Market, By Application. 63

    9.3.4.2.2 France: Automotive Smart Key Market, By Technology. 64

    9.3.4.3 Italy: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 65

    9.3.4.3.1 Italy: Automotive Smart Key Market, By Application. 65

    9.3.4.3.2 Italy: Automotive Smart Key Market, By Technology. 66

    9.3.4.4 UK: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 67

    9.3.4.4.1 UK: Automotive Smart Key Market, By Application. 67

    9.3.4.4.2 UK: Automotive Smart Key Market, By Technology. 68

    9.3.4.5 Russia: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 69

    9.3.4.5.1 Russia: Automotive Smart Key Market, By Application. 69

    9.3.4.5.2 Russia: Automotive Smart Key Market, By Technology. 70

    9.3.4.6 Rest of Europe: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 71

    9.3.4.6.1 Rest of Europe: Automotive Smart Key Market, By Application. 71

    9.3.4.6.2 Rest of Europe: Automotive Smart Key Market, By Technology. 72

    9.4 Asia-Pacific: Automotive smart key Market 73

    9.4.1 Asia-Pacific: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 73

    9.4.2 Asia-Pacific: Automotive Smart Key Market, By Application. 74

    9.4.3 Asia-Pacific: Automotive Smart Key Market, By Technology. 75

    9.4.4 Asia-Pacific: Automotive Smart Key Market, By Country. 76

    9.4.4.1 Australia: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 77

    9.4.4.1.1 Australia: Automotive Smart Key Market, By Application. 78

    9.4.4.1.2 Australia: Automotive Smart Key Market, By Technology. 78

    9.4.4.2 China: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 79

    9.4.4.2.1 China: Automotive Smart Key Market, By Application. 79

    9.4.4.2.2 China: Automotive Smart Key Market, By Technology. 80

    9.4.4.3 India: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 81

    9.4.4.3.1 India: Automotive Smart Key Market, By Application. 82

    9.4.4.3.2 India: Automotive Smart Key Market, By Technology. 82

    9.4.4.4 Japan: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 83

    9.4.4.4.1 Japan: Automotive Smart Key Market, By Application. 83

    9.4.4.4.2 Japan: Automotive Smart Key Market, By Technology. 84

    9.4.4.5 South Korea: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 85

    9.4.4.5.1 South Korea: Automotive Smart Key Market, By Application. 85

    9.4.4.5.2 South Korea: Automotive Smart Key Market, By Technology. 86

    9.4.4.6 Rest of Asia-Pacific: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 87

    9.4.4.6.1 Rest of Asia-Pacific: Automotive Smart Key Market, By Application. 87

    9.4.4.6.2 Rest of Asia-Pacific: Automotive Smart Key Market, By Technology. 88

    9.5 Middle East and Africa: Automotive smart key Market 89

    9.5.1 Middle East and Africa: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 89

    9.5.2 Middle East and Africa: Automotive Smart Key Market, By Application. 90

    9.5.3 Middle East and Africa: Automotive Smart Key Market, By Technology. 91

    9.5.4 Middle East and Africa: Automotive Smart Key Market, By Country. 92

    9.5.4.1 South Africa: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 93

    9.5.4.1.1 South Africa: Automotive Smart Key Market, By Application. 93

    9.5.4.1.2 South Africa: Automotive Smart Key Market, By Technology. 94

    9.5.4.2 Saudi Arabia: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 95

    9.5.4.2.1 Saudi Arabia: Automotive Smart Key Market, By Application. 95

    9.5.4.2.2 Saudi Arabia: Automotive Smart Key Market, By Technology. 96

    9.5.4.3 U.A.E: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 97

    9.5.4.3.1 U.A.E: Automotive Smart Key Market, By Application. 97

    9.5.4.3.2 U.A.E: Automotive Smart Key Market, By Technology. 98

    9.5.4.4 Rest of Middle East and Africa: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 99

    9.5.4.4.1 Rest of Middle East and Africa: Automotive Smart Key Market, By Application. 99

    9.5.4.4.2 Rest of Middle East and Africa: Automotive Smart Key Market, By Technology. 100

    9.6 South America: Automotive smart key Market 101

    9.6.1 South America: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 101

    9.6.2 South America: Automotive Smart Key Market, By Application. 102

    9.6.3 South America: Automotive Smart Key Market, By Technology. 103

    9.6.4 South America: Automotive Smart Key Market, By Country. 104

    9.6.4.1 Brazil: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 105

    9.6.4.1.1 Brazil: Automotive Smart Key Market, By Application. 105

    9.6.4.1.2 Brazil: Automotive Smart Key Market, By Technology. 106

    9.6.4.2 Argentina: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 107

    9.6.4.2.1 Argentina: Automotive Smart Key Market, By Application. 107

    9.6.4.2.2 Argentina: Automotive Smart Key Market, By Technology. 108

    9.6.4.3 Rest of South America: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 109

    9.6.4.3.1 Rest of South America: Automotive Smart Key Market, By Application. 109

    9.6.4.3.2 Rest of South America: Automotive Smart Key Market, By Technology. 110

    10. Automotive smart key Market - Covid-19 Impact Analysis. 111

    10.1 Overview. 111

    10.2 North America: Impact Assessment of Covid-19 Pandemic. 111

    10.3 Europe: Impact Assessment of Covid-19 Pandemic. 113

    10.4 Asia Pacific: Impact Assessment of Covid-19 Pandemic. 114

    10.5 Middle East & Africa: Impact Assessment of Covid-19 Pandemic. 115

    10.6 South America Impact Assessment of Covid-19 Pandemic. 116

    11. Industry Landscape. 117

    11.1 Overview. 117

    11.2 Market Initiative. 117

    12. Company Profiles. 119

    12.1 ALPHA Corporation. 119

    12.1.1 Key Facts. 119

    12.1.2 Business Description. 119

    12.1.3 Products and Services. 119

    12.1.4 Financial Overview.. 120

    12.1.5 SWOT Analysis. 121

    12.1.6 Key Developments. 121

    12.2 Continental AG. 122

    12.2.1 Key Facts. 122

    12.2.2 Business Description. 122

    12.2.3 Products and Services. 122

    12.2.4 Financial Overview.. 123

    12.2.5 SWOT Analysis. 124

    12.2.6 Key Developments. 124

    12.3 Denso Corporation. 125

    12.3.1 Key Facts. 125

    12.3.2 Business Description. 125

    12.3.3 Products and Services. 125

    12.3.4 Financial Overview.. 126

    12.3.5 SWOT Analysis. 127

    12.3.6 Key Developments. 127

    12.4 Honda Lock Mfg. Co., Ltd. 128

    12.4.1 Key Facts. 128

    12.4.2 Business Description. 128

    12.4.3 Products and Services. 128

    12.4.4 SWOT Analysis. 129

    12.4.5 Key Developments. 129

    12.5 Hyundai Mobis. 130

    12.5.1 Key Facts. 130

    12.5.2 Business Description. 130

    12.5.3 Products and Services. 130

    12.5.4 Financial Overview.. 131

    12.5.5 SWOT Analysis. 132

    12.5.6 Key Developments. 132

    12.6 Silca S.p. A. 133

    12.6.1 Key Facts. 133

    12.6.2 Business Description. 133

    12.6.3 Products and Services. 133

    12.6.4 SWOT Analysis. 134

    12.6.5 Key Developments. 134

    12.7 TOKAIRIKA,CO, LTD. 135

    12.7.1 Key Facts. 135

    12.7.2 Business Description. 135

    12.7.3 Products and Services. 135

    12.7.4 Financial Overview.. 136

    12.7.5 SWOT Analysis. 136

    12.7.6 Key Developments. 137

    12.8 TOYOTA MOTOR CORPORATION. 138

    12.8.1 Key Facts. 138

    12.8.2 Business Description. 138

    12.8.3 Products and Services. 138

    12.8.4 Financial Overview.. 139

    12.8.5 SWOT Analysis. 140

    12.8.6 Key Developments. 140

    12.9 Valeo. 141

    12.9.1 Key Facts. 141

    12.9.2 Business Description. 141

    12.9.3 Products and Services. 141

    12.9.4 Financial Overview.. 142

    12.9.5 SWOT Analysis. 143

    12.9.6 Key Developments. 143

    12.10 HELLA GmbH and Co. KGaA. 144

    12.10.1 Key Facts. 144

    12.10.2 Business Description. 144

    12.10.3 Products and Services. 144

    12.10.4 Financial Overview.. 145

    12.10.5 SWOT Analysis. 146

    12.10.6 Key Developments. 147

    13. Appendix. 148

    13.1 About The Insight Partners. 148

    13.2 Word Index. 148

    LIST OF TABLES

    Table 1. Global Automotive smart key Market Revenue and Forecast to 2028 (US$ Million) 38

    Table 2. North America Automotive Smart Key Market, By Application– Revenue and Forecast to 2028 (US$ Million) 48

    Table 3. North America Automotive Smart Key Market, By Technology– Revenue and Forecast to 2028 (US$ Million) 49

    Table 4. North America: Automotive Smart Key Market Revenue Share, By Country. 50

    Table 5. United States Automotive Smart Key Market, By Application– Revenue and Forecast to 2028 (US$ Million) 51

    Table 6. United States Automotive Smart Key Market, By Technology – Revenue and Forecast to 2028 (US$ Million) 52

    Table 7. Canada Automotive Smart Key Market, By Application– Revenue and Forecast to 2028 (US$ Million) 53

    Table 8. Canada Automotive Smart Key Market, By Technology – Revenue and Forecast to 2028 (US$ Million) 54

    Table 9. Mexico Automotive Smart Key Market, By Application– Revenue and Forecast to 2028 (US$ Million) 55

    Table 10. Mexico Automotive Smart Key Market, By Technology – Revenue and Forecast to 2028 (US$ Million) 56

    Table 11. Europe Automotive Smart Key Market, By Application– Revenue and Forecast to 2028 (US$ Million) 58

    Table 12. Europe Automotive Smart Key Market, By Technology– Revenue and Forecast to 2028 (US$ Million) 59

    Table 13. Europe Automotive Smart Key Market, By Country – Revenue and Forecast to 2028 (US$ Million) 60

    Table 14. Germany Automotive Smart Key Market, By Application– Revenue and Forecast to 2028 (US$ Million) 61

    Table 15. Germany Automotive Smart Key Market, By Technology – Revenue and Forecast to 2028 (US$ Million) 62

    Table 16. France Automotive Smart Key Market, By Application– Revenue and Forecast to 2028 (US$ Million) 63

    Table 17. France Automotive Smart Key Market, By Technology – Revenue and Forecast to 2028 (US$ Million) 64

    Table 18. Italy Automotive Smart Key Market, By Application– Revenue and Forecast to 2028 (US$ Million) 65

    Table 19. Italy Automotive Smart Key Market, By Technology – Revenue and Forecast to 2028 (US$ Million) 66

    Table 20. UK Automotive Smart Key Market, By Application– Revenue and Forecast to 2028 (US$ Million) 67

    Table 21. UK Automotive Smart Key Market, By Technology– Revenue and Forecast to 2028 (US$ Million) 68

    Table 22. Russia Automotive Smart Key Market, By Application– Revenue and Forecast to 2028 (US$ Million) 69

    Table 23. Russia Automotive Smart Key Market, By Technology – Revenue and Forecast to 2028 (US$ Million) 70

    Table 24. Rest of Europe Automotive Smart Key Market, By Application– Revenue and Forecast to 2028 (US$ Million) 71

    Table 25. Rest of Europe Automotive Smart Key Market, By Technology – Revenue and Forecast to 2028 (US$ Million) 72

    Table 26. Asia-Pacific Automotive Smart Key Market, By Application– Revenue and Forecast to 2028 (US$ Million) 74

    Table 27. Asia-Pacific Automotive Smart Key Market, By Technology– Revenue and Forecast to 2028 (US$ Million) 75

    Table 28. Asia-Pacific Automotive Smart Key Market, By Country – Revenue and Forecast to 2028 (US$ Million) 76

    Table 29. Australia Automotive Smart Key Market, By Application– Revenue and Forecast to 2028 (US$ Million) 78

    Table 30. Australia Automotive Smart Key Market, By Technology – Revenue and Forecast to 2028 (US$ Million) 78

    Table 31. China Automotive Smart Key Market, By Application– Revenue and Forecast to 2028 (US$ Million) 79

    Table 32. China Automotive Smart Key Market, By Technology – Revenue and Forecast to 2028 (US$ Million) 80

    Table 33. India Automotive Smart Key Market, By Application– Revenue and Forecast to 2028 (US$ Million) 82

    Table 34. India Automotive Smart Key Market, By Technology – Revenue and Forecast to 2028 (US$ Million) 82

    Table 35. Japan Automotive Smart Key Market, By Application– Revenue and Forecast to 2028 (US$ Million) 83

    Table 36. Japan Automotive Smart Key Market, By Technology– Revenue and Forecast to 2028 (US$ Million) 84

    Table 37. South Korea Automotive Smart Key Market, By Application– Revenue and Forecast to 2028 (US$ Million) 85

    Table 38. South Korea Automotive Smart Key Market, By Technology – Revenue and Forecast to 2028 (US$ Million) 86

    Table 39. Rest of Asia-Pacific Automotive Smart Key Market, By Application– Revenue and Forecast to 2028 (US$ Million) 87

    Table 40. Rest of Asia-Pacific Automotive Smart Key Market, By Technology – Revenue and Forecast to 2028 (US$ Million) 88

    Table 41. Middle East and Africa Automotive Smart Key Market, By Application– Revenue and Forecast to 2028 (US$ Million) 90

    Table 42. Middle East and Africa Automotive Smart Key Market, By Technology– Revenue and Forecast to 2028 (US$ Million) 91

    Table 43. Middle East and Africa Automotive Smart Key Market, By Country – Revenue and Forecast to 2028 (US$ Million) 92

    Table 44. South Africa Automotive Smart Key Market, By Application– Revenue and Forecast to 2028 (US$ Million) 93

    Table 45. South Africa Automotive Smart Key Market, By Technology – Revenue and Forecast to 2028 (US$ Million) 94

    Table 46. Saudi Arabia Automotive Smart Key Market, By Application– Revenue and Forecast to 2028 (US$ Million) 95

    Table 47. Saudi Arabia Automotive Smart Key Market, By Technology – Revenue and Forecast to 2028 (US$ Million) 96

    Table 48. U.A.E Automotive Smart Key Market, By Application– Revenue and Forecast to 2028 (US$ Million) 97

    Table 49. U.A.E Automotive Smart Key Market, By Technology – Revenue and Forecast to 2028 (US$ Million) 98

    Table 50. Rest of Middle East and Africa Automotive Smart Key Market, By Application– Revenue and Forecast to 2028 (US$ Million) 99

    Table 51. Rest of Middle East and Africa Automotive Smart Key Market, By Technology – Revenue and Forecast to 2028 (US$ Million) 100

    Table 52. South America Automotive Smart Key Market, By Application– Revenue and Forecast to 2028 (US$ Million) 102

    Table 53. South America Automotive Smart Key Market, By Technology– Revenue and Forecast to 2028 (US$ Million) 103

    Table 54. SAM Automotive Smart Key Market, By Country – Revenue and Forecast to 2028 (USD Million) 104

    Table 55. Brazil Automotive Smart Key Market, By Application– Revenue and Forecast to 2028 (US$ Million) 105

    Table 56. Brazil Automotive Smart Key Market, By Technology – Revenue and Forecast to 2028 (US$ Million) 106

    Table 57. Argentina Automotive Smart Key Market, By Application– Revenue and Forecast to 2028 (US$ Million) 107

    Table 58. Argentina Automotive Smart Key Market, By Technology – Revenue and Forecast to 2028 (US$ Million) 108

    Table 59. Rest of South America Automotive Smart Key Market, By Application– Revenue and Forecast to 2028 (US$ Million) 109

    Table 60. Rest of South America Automotive Smart Key Market, By Technology – Revenue and Forecast to 2028 (US$ Million) 110

    Table 61. List of Abbreviation. 148

    LIST OF FIGURES

    Figure 1. Automotive Smart Key Market Segmentation. 20

    Figure 2. Automotive Smart Key Market Segmentation – By Geography. 21

    Figure 3. Global Automotive Smart Key Market Overview. 22

    Figure 4. Automotive Smart Key Market, By Application. 23

    Figure 5. Automotive Smart Key Market, By Technology. 23

    Figure 6. Automotive Smart Key Market, By Geography. 24

    Figure 7. North America PEST Analysis. 29

    Figure 8. Europe PEST Analysis. 29

    Figure 9. APAC – PEST Analysis. 30

    Figure 10. MEA PEST Analysis. 30

    Figure 11. SAM PEST Analysis. 31

    Figure 12. Automotive Smart Key Market- Ecosystem Analysis. 31

    Figure 13. Automotive Smart Key Market Impact Analysis of Drivers and Restraints. 35

    Figure 14. Geographic Overview of Automotive Smart Key Market 36

    Figure 15. Global Automotive smart key Market Revenue Forecast and Analysis (US$ Million) 38

    Figure 16. Automotive Smart Key Market Revenue Share, by Product Type (2020 and 2028) 40

    Figure 17. Single Function: Automotive Smart Key Market – Revenue and Forecast to 2028 (USD Million) 41

    Figure 18. Multi-Function: Automotive Smart Key Market – Revenue and Forecast to 2028 (USD Million) 42

    Figure 19. Automotive Smart Key Market Revenue Share, by Application (2020 and 2028) 43

    Figure 20. Remote Keyless Entry: Automotive Smart Key Market – Revenue and Forecast to 2028 (USD Million) 44

    Figure 21. Passive Keyless Entry: Automotive Smart Key Market – Revenue and Forecast to 2028 (USD Million) 45

    Figure 22. Global Automotive Smart Key Market Revenue Share, By Region (2020 and 2028) 46

    Figure 23. North America: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 47

    Figure 24. North America: Automotive Smart Key Market Revenue Share, By Application (2020 and 2028) 48

    Figure 25. North America: Automotive Smart Key Market Revenue Share, By Technology (2020 and 2028) 49

    Figure 26. North America: Automotive Smart Key Market Revenue Share, By Country (2020 and 2028) 50

    Figure 27. United States: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 51

    Figure 28. Canada: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 53

    Figure 29. Mexico: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 55

    Figure 30. Europe: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 57

    Figure 31. Europe: Automotive Smart Key Market Revenue Share, By Application (2020 and 2028) 58

    Figure 32. Europe: Automotive Smart Key Market Revenue Share, By Technology (2020 and 2028) 59

    Figure 33. Europe: Automotive Smart Key Market Revenue Share, By Country (2020 and 2028) 60

    Figure 34. Germany: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 61

    Figure 35. France: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 63

    Figure 36. Italy: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 65

    Figure 37. UK: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 67

    Figure 38. Russia: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 69

    Figure 39. Rest of Europe: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 71

    Figure 40. Asia-Pacific: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 73

    Figure 41. Asia-Pacific: Automotive Smart Key Market Revenue Share, By Application (2020 and 2028) 74

    Figure 42. Asia-Pacific: Automotive Smart Key Market Revenue Share, By Technology (2020 and 2028) 75

    Figure 43. Asia-Pacific: Automotive Smart Key Market Revenue Share, By Country (2020 and 2028) 76

    Figure 44. Australia: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 77

    Figure 45. China: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 79

    Figure 46. India: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 81

    Figure 47. Japan: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 83

    Figure 48. South Korea: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 85

    Figure 49. Rest of Asia-Pacific: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 87

    Figure 50. Middle East and Africa: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 89

    Figure 51. Middle East and Africa: Automotive Smart Key Market Revenue Share, By Application (2020 and 2028) 90

    Figure 52. Middle East and Africa: Automotive Smart Key Market Revenue Share, By Technology (2020 and 2028) 91

    Figure 53. Middle East and Africa: Automotive Smart Key Market Revenue Share, By Country (2020 and 2028) 92

    Figure 54. South Africa: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 93

    Figure 55. Saudi Arabia: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 95

    Figure 56. U.A.E: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 97

    Figure 57. Rest of Middle East and Africa: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 99

    Figure 58. South America: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 101

    Figure 59. South America: Automotive Smart Key Market Revenue Share, By Application (2020 and 2028) 102

    Figure 60. South America: Automotive Smart Key Market Revenue Share, By Technology (2020 and 2028) 103

    Figure 61. South America: Automotive Smart Key Market Revenue Share, By Country (2020 and 2028) 104

    Figure 62. Brazil: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 105

    Figure 63. Argentina: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 107

    Figure 64. Rest of South America: Automotive Smart Key Market – Revenue and Forecast to 2028 (US$ Million) 109

    Figure 65. Impact of Covid-19 Pandemic in North American Country Markets. 112

    Figure 66. Impact of Covid-19 Pandemic in Europe Country Markets. 113

    Figure 67. Impact of Covid-19 Pandemic in Asia Pacific Country Markets. 114

    Figure 68. Impact of Covid-19 Pandemic In Middle East & Africa Country Markets. 115

    Figure 69. Impact of Covid-19 Pandemic in South America Country Markets. 116

    The List of Companies - Automotive Smart Key Market

    1. ALPHA Corporation
    2. Continental AG
    3. Denso Corporation
    4. Honda Lock Mfg. Co., Ltd.
    5. Hyundai Mobis
    6. Silca S.p. A.
    7. TOKAIRIKA,CO, LTD.
    8. TOYOTA MOTOR CORPORATION
    9. Valeo
    10. HELLA GmbH and Co. KGaA
    • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the automotive smart key market
    • Highlights key business priorities in order to assist companies to realign their business strategies
    • The key findings and recommendations highlight crucial progressive industry trends in the automotive smart key market thereby allowing players across the value chain to develop effective long-term strategies
    • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
    • Scrutinize in-depth Global market trends and outlook coupled with the factors driving the market, as well as those hindering it
    • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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