Global Automotive Smart Key Fob Market to Record Protruding Growth with US$ 4,807.4 Million By 2027

April 2021 | Report Format: Electronic (PDF)

Increased emphasis on vehicle security features, rising consumer requirement for electric cars, rising demands for automation, government regulations on emissions, a surge in the trend of vehicle electrification in the automobile industry, and increased fuel efficiency, are key factors that drive demand for advanced features in vehicles, such as keyless entry systems.

The increasing integration of luxury amenities in vehicles, such as enhanced driving assistance systems and linked automobiles utilizing the Internet of Things, is driving vehicle makers to build advanced security systems. The increased use of smartphone applications in automobiles is also a significant factor driving the incorporation of smart key fobs in vehicles.

Rapid economic development in rising Asia Pacific nations has raised per-capita income, which has improved consumer spending power and, as a result, automotive sales. This in turn is projected to aid the expansion of the automotive smart key fob market in APAC throughout the forecast period. This market research study includes thorough information on competitor intelligence, marketing gaps, and geographical prospects for suppliers, which is anticipated to aid in the development of effective business plans.

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Automotive Smart Key Fob Market Report Highlights

• BMW AG announced a smart key fob with a screen that allows control of different aspects of its automobiles such as pre-conditioning, park-assist, and illumination, as well as data such as range and time, which is expected to enhance the automotive keyless fob or smart key fob market.
• In 2019, Car Keys Express expanded its aftermarket product offering with the addition of two additional remote keys. The new keys have built-in remote controls and extendable blades.
• Hyundai debuted a smart key app for its 2020 Sonata car at the New York International Auto Show in 2019. Hyundai's Digital Key is a mobile smartphone software that uses NFC to replace a traditional vehicle key. An NFC transmitter in the driver's doorknob can operate the doors, while a second antenna in the centre console's wireless charging pad can start the engine.

AUTOMOTIVE SMART KEY FOB MARKET SEGMENTATION

The research report published by Market Research Strategy contains industry segments, as below-

Automotive Smart Key Fob Type Outlook (Revenue, USD Million, 2016 - 2027)

• Passive Keyless Entry System (PKES)
• Remote Keyless Entry System (RKES)

Automotive Smart Key Fob Application Outlook (Revenue, USD Million, 2016 - 2027)

• Entry-Segment Vehicles
• Mid-Segment Vehicles
• Luxury-Segment Vehicles

Automotive Smart Key Fob Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • South Africa

List of Key Players- Automotive Smart Key Fob Market

• ZF Friedrichshafen AG
• Valeo SA
• Toyota Motor Corporation
• Tokai Rika Co., Ltd.
• Panasonic Corporation
• NXP Semiconductors
• Mitsubishi Electric Corp.
• Marelli Corporation
• Lear Corporation
• Hyundai Mobis co.,Ltd
• HELLA GmbH & Co. KGaA.
• Denso Corporation
• Continental AG
• Car Keys Express
• ALPS ALPINE CO., LTD

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