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.
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) |
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. |
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.
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.
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.
Key players competing in the United States automotive smart keys market include Alpha Corporation, Denso Corporation, Continental AG, ZF Friedrichshafen AG, and 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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