Japan Automotive Smart Keys Market Growth & Forecast 2031

Segments - Japan Automotive Smart Keys Market by Applications (Single Function and Multi-function), Technologies (Remote Keyless Entry and Passive Keyless Entry), End-users (OEM and Aftermarket), and Country - Industry Analysis, Growth, Share, Size, Trends, And Forecast 2023 – 2031

Author : Akash Vedpathak

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

The Japan automotive smart keys market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 12.4% during 2023–2031. The growth of the market is attributed to the growing awareness among the customers regarding the vehicle safety and security regulations.

A smart key provides access or authorization to the car. Smart key was first developed by Siemens in 1995 and introduced by Mercedes-Benz under the name "Keyless-Go" in 1998 for the model W220 S-Class. The smart key's electronics circuit is embedded in a hollow, triangular piece of plastic. It is usually wide at the top, narrow at the bottom, squared-off at the tip with a half-inch-long insert piece. The metal key is used for valet purposes, which include locking the glove compartment or trunk before smart Key is turned over to a parking attendant.

Japan Automotive Smart Keys Market Outlook

The key fob utilizes a radio-frequency transponder to communicate with the door locks and uses infrared to communicate with the engine immobilizer system. The driver can point the smart key at the front driver side door while pushing and holding the unlock button on the smart key.

Japan Automotive Smart Keys Market Trends, Drivers, Restraints, and Opportunities

Increasing adoption of smart key in middle-priced cars is anticipated to drive the market growth.
Rapid industrialization and increasing disposable income are speculated to proliferate the growth of the market.
Rising vehicle thefts is expected to propel the growth of the automotive smart keys market.
Growing demand for automobiles and electrification of the vehicles is expected to boost the growth of the market.
High cost of automotive smart key installation can hinder the market growth.
Rising investment in the R&D activities and increasing technological advancements in the smart key features, such as access through smartphone, can create growth opportunities for the automotive smart keys market during forecast period.

Scope of Japan Automotive Smart Keys Market Report

The report on the Japan automotive smart keys market research report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Japan Automotive smart keys market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Applications (Single Function and Multi-function), Technologies (Remote Keyless Entry and Passive Keyless Entry), and End-users (OEM and Aftermarket)
Geographical Zone	Japan
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Denso Corporation, Continental AG, Alpha Corporation, Tokai Rika Co, Ltd., and Valeo SA.

Japan Automotive smart keys Market Segment Insights

Multi-function segment to account a considerable market share

Based on applications, the market is segmented into single function and multi-function. The multi-function segment is anticipated to account for a considerable market share during the forecast period. Several types of vehicles, including hybrid vehicles and electric vehicle are equipped with advance safety and security features. Thus, rapid electrification of the automotive industry and rising disposable income are driving the growth of the market segment.

Japan Automotive Smart Keys Market Application

Passive keyless entry segment to dominate the market

Based on technologies, the Japan automotive smart keys market is divided into remote keyless entry and passive keyless entry. The passive keyless entry segment is anticipated to dominate the market in the projected timeline. This type of key utilizes automated technology. Key automobile manufacturers are focusing on the development of passive keyless entry devices to provide comfort to customers.

OEM segment to accounts major market share

Based on end-users, the market is segregated into OEM and aftermarket. The OEM segment is speculated to account for a major market share owing to owing to the presence of key automakers such as Toyota, Lexus, Acura, and Honda. Increasing demand for smart keys among consumers owing to rising penetration of latest technologies in the country. Rising purchasing power and growing production of vehicles are spurring the growth of the market segment. On the other hand, the aftermarket segment is anticipated to expand at a sluggish rate as major automakers are expected to gradually provide smart keys with every variant of the car.

Segments

The market Japan automotive smart keys market has been segmented on the basis of

Applications

Single function
Multi-function

Technologies

Remote keyless entry
Passive keyless entry

End users

OEM
Aftermarket

Key Players

Denso Corporation
Continental AG
Alpha Corporation
Tokai Rika Co, Ltd.
Valeo SA

Competitive Landscape

Key players operating in the Japan automotive smart keys market includes Denso Corporation, Continental AG, Alpha Corporation, Tokai Rika Co, Ltd., and Valeo SA.

Major industry players are engaging in partnerships, acquisitions, and mergers to expand their market share.

Japan Automotive Smart Keys Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Smart Keys Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Automotive Smart Keys Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Automotive Smart Keys Market - Supply Chain
  4.5. Global Automotive Smart Keys Market Forecast
     4.5.1. Automotive Smart Keys Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Automotive Smart Keys Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Automotive Smart Keys Market Absolute $ Opportunity
5. Global Automotive Smart Keys Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Automotive Smart Keys Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Automotive Smart Keys Demand Share Forecast, 2019-2026
6. North America Automotive Smart Keys Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Automotive Smart Keys Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Automotive Smart Keys Demand Share Forecast, 2019-2026
7. Latin America Automotive Smart Keys Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Automotive Smart Keys Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Automotive Smart Keys Demand Share Forecast, 2019-2026
8. Europe Automotive Smart Keys Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Automotive Smart Keys Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Automotive Smart Keys Demand Share Forecast, 2019-2026
9. Asia Pacific Automotive Smart Keys Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Automotive Smart Keys Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Automotive Smart Keys Demand Share Forecast, 2019-2026
10. Middle East & Africa Automotive Smart Keys Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Automotive Smart Keys Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Automotive Smart Keys Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Automotive Smart Keys Market: Market Share Analysis
  11.2. Automotive Smart Keys Distributors and Customers
  11.3. Automotive Smart Keys Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Denso Corporation
     11.4.2. Continental AG
     11.4.3. Alpha Corporation
     11.4.4. Tokai Rika Co, Ltd.
     11.4.5. Valeo SA