United States Automotive Smart Keys Market by Applications (Single Function and Multi-function), Technologies (Remote Keyless Entry and Passive Keyless Entry), Installations (Original Equipment Manufacturers (OEMs) and Aftermarket), and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The United States automotive smart keys market size is anticipated to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the introduction of advanced electronic vehicle entry systems and rising development of autonomous systems.
Automotive smart key is part of a computerized system that uses microchips and sensors to automatically unlock the doors and start the vehicle without use of a key. A smart key works as an electronic access and authorization system. Depending on the model of the car, the smart key is a standard or optional component associated with it.
Automotive smart key system is a modern technology that offers physical access of the vehicle to the user and executes the locking and unlocking operation without the usage of the conventional mechanical key. The operation and function of an automotive smart key system includes unlocking of the automotive by means of radio frequency identification lock, electronic locks, and biometric scanning. Superior security and convenience are offered to the vehicle user by the automotive keyless entry system.
Automotive smart keys are increasingly becoming the part of entry-level cars, which perform tasks that involve a minor physical or mental effort on the user’s part. The smart key requires pressing a button on a wireless transmitter to perform the locking or unlocking of vehicle doors.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for vehicle safety and security is projected to boost the market growth during the forecast period.
- Rising competition among auto manufacturers is anticipated to encourage them to offer standard smart keys with the vehicles. propelling the market growth.
- Growing vehicle thefts in emerging economies is estimated to spur the development of the market growth in the coming years.
- Expanding usage of lightweight materials for developing the components of smart keys is expected to boost the market growth.
- Incorrect passcode may lead to locking of the vehicle on the temporary basis. This, in turn, can increase vehicle owner’s time to deal with it, decreasing the preference for installing smart key system.
- Ongoing R&D investments and technological advancement is expected to create significant opportunities for the market players during the forecast period.
Scope of the Report
The report on the United States automotive smart keys market 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 |
Automotive Smart Keys Market - United States Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2020 |
|
Historic Data |
2018–2019 |
|
Forecast Period |
2021–2028 |
|
Segmentation |
Applications (Single Function and Multi-function), Technology (Remote Keyless Entry and Passive Keyless Entry), and Installations (Original Equipment Manufacturers (OEM) and Aftermarket) |
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Geographic Scope |
United States |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
Alpha Corporation, Denso Corporation, Continental AG, ZF Friedrichshafen AG, and Valeo SA. |
United States Automotive Smart Keys Market Segment Insights
Multi-function segment to account for a large market share
Based on applications, the market is divided into single function and multi-function. The multi-function segment is expected to hold a key market share during the forecast period owing to increasing development of smart keys with digital features and more functionalities than unlocking a digital or physical lock system.
Passive keyless entry segment is expected to expand at a rapid pace
In terms of technologies, the market is bifurcated into remote keyless entry and passive keyless entry. The passive keyless entry segment is expected to expand at a significant pace in the coming years. Rising number of vehicle owners opting to keep smart keys in pocket or bag. On the contrary, remote keyless entry mandates the users to press the button the device.
Original equipment manufacturers (OEMs) segment to register a robust CAGR
On the basis of installations, the market is segmented into original equipment manufacturer (OEM) and aftermarket. The OEMs segment is anticipated to register a robust CAGR during the forecast period owing to, lower replacement rate and requirement of minimal maintenance. OEMs are offering advanced features, which includes controlling of windows, moon roofs, mirrors, seat adjustment, radio pre-sets, and remote engine starting through key fobs that are carried by the driver.
Segments
Segments Covered in the ReportThe United States automotive smart keys market has been segmented on the basis of
Applications
- Single Function
- Multi-function
- Remote Keyless Entry
- Passive Keyless Entry
- Original Equipment Manufacturers (OEM)
- Aftermarket
- United States
- Alpha Corporation
- Denso Corporation
- Continental AG
- ZF Friedrichshafen AG
- Valeo SA
Competitive Landscape
Key players competing in the United States automotive smart keys market include Alpha Corporation, Denso Corporation, Continental AG, ZF Friedrichshafen AG, and Valeo SA.
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 (000’ 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 Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Automotive Smart Keys Market Size and Volume Forecast by Applications
5.3.1. Single Function Multi-function
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Automotive Smart Keys Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Automotive Smart Keys Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Automotive Smart Keys Demand Share Forecast, 2019-2026
7. North 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
7.2. North America Automotive Smart Keys Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Automotive Smart Keys Market Size and Volume Forecast by Applications
7.4.1. Single Function Multi-function
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Automotive Smart Keys Demand Share Forecast, 2019-2026
8. Latin America 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. Latin America Average Pricing Analysis
8.2. Latin America Automotive Smart Keys Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Automotive Smart Keys Market Size and Volume Forecast by Applications
8.4.1. Single Function Multi-function
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Automotive Smart Keys Demand Share Forecast, 2019-2026
9. Europe 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. Europe Average Pricing Analysis
9.2. Europe Automotive Smart Keys Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Automotive Smart Keys Market Size and Volume Forecast by Applications
9.4.1. Single Function Multi-function
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Automotive Smart Keys Demand Share Forecast, 2019-2026
10. Asia Pacific 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. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Automotive Smart Keys Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Automotive Smart Keys Market Size and Volume Forecast by Applications
10.4.1. Single Function Multi-function
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Automotive Smart Keys Demand Share Forecast, 2019-2026
11. Middle East & Africa Automotive Smart Keys Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Automotive Smart Keys Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Automotive Smart Keys Market Size and Volume Forecast by Applications
11.4.1. Single Function Multi-function
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Automotive Smart Keys Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Automotive Smart Keys Market: Market Share Analysis
12.2. Automotive Smart Keys Distributors and Customers
12.3. Automotive Smart Keys Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Alpha Corporation Denso Corporation Continental AG ZF Friedrichshafen AG Valeo SA
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 (000’ 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 Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Automotive Smart Keys Market Size and Volume Forecast by Applications
5.3.1. Single Function Multi-function
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Automotive Smart Keys Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Automotive Smart Keys Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Automotive Smart Keys Demand Share Forecast, 2019-2026
7. North 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
7.2. North America Automotive Smart Keys Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Automotive Smart Keys Market Size and Volume Forecast by Applications
7.4.1. Single Function Multi-function
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Automotive Smart Keys Demand Share Forecast, 2019-2026
8. Latin America 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. Latin America Average Pricing Analysis
8.2. Latin America Automotive Smart Keys Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Automotive Smart Keys Market Size and Volume Forecast by Applications
8.4.1. Single Function Multi-function
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Automotive Smart Keys Demand Share Forecast, 2019-2026
9. Europe 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. Europe Average Pricing Analysis
9.2. Europe Automotive Smart Keys Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Automotive Smart Keys Market Size and Volume Forecast by Applications
9.4.1. Single Function Multi-function
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Automotive Smart Keys Demand Share Forecast, 2019-2026
10. Asia Pacific 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. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Automotive Smart Keys Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Automotive Smart Keys Market Size and Volume Forecast by Applications
10.4.1. Single Function Multi-function
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Automotive Smart Keys Demand Share Forecast, 2019-2026
11. Middle East & Africa Automotive Smart Keys Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Automotive Smart Keys Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Automotive Smart Keys Market Size and Volume Forecast by Applications
11.4.1. Single Function Multi-function
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Automotive Smart Keys Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Automotive Smart Keys Market: Market Share Analysis
12.2. Automotive Smart Keys Distributors and Customers
12.3. Automotive Smart Keys Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Alpha Corporation Denso Corporation Continental AG ZF Friedrichshafen AG Valeo SA
Segments Covered in the Report
The United States automotive smart keys market has been segmented on the basis of
Applications
The United States automotive smart keys market has been segmented on the basis of
Applications
- Single Function
- Multi-function
- Remote Keyless Entry
- Passive Keyless Entry
- Original Equipment Manufacturers (OEM)
- Aftermarket
- United States
- Alpha Corporation
- Denso Corporation
- Continental AG
- ZF Friedrichshafen AG
- Valeo SA
Key players competing in the United States automotive smart keys market include Alpha Corporation, Denso Corporation, Continental AG, ZF Friedrichshafen AG, and Valeo SA.
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