The global automotive digital key market is estimated to be valued at ~US$ 2 Bn in 2019, and grow at a CAGR of ~12% during the period, 2019-2029. Gains remain driven by various factors, ranging from digital revolution in the automotive industry to ever-rising consumers’ demand for convenience and ease of operations.
Smart key fob continues to account for major share of manufacturers’ bottom lines, while key card and smart watch are likely to experience increasing demand in the coming years. In terms of geographical outlook, East Asia is projected to be a prominent region for the automotive digital key market, owing to favourable government initiatives for industrial development along with emergence of China as the world’s largest automotive market.
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FACTS AT A GLANCE
Companies: Infineon Technologies AG,Telefonaktiebolaget LM Ericsson,Continental AG ,Denso Corporation ,Tokai Rika Co. Ltd. ,ALPHA Corporation ,Garmin Ltd. ,Firstech, LLC. ,GARIN System Co., Ltd. ,STMicroelectronics,SENTURION KEY,Silca S.p.A.
Coverage: All major geographies and key segments
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Segments: Automotive Digital Key Market Segmented By Vehicle Digital Key, Automotive Digital Cockpit, Automotive Digital Mapping, Automotive Smart Key
Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
Automotive Digital Key Market – Scope of the Report
Persistence Market Research (PMR) recently published a market study on the global market for automotive digital key. The study provides detailed assessment on the key market dynamics, including drivers, trends, opportunities, and restraints, along with detailed information about the automotive digital key market structure. The market study presents exclusive information about how the automotive digital key market will grow in the forecast period of 2019-2029.
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Key indicators of market growth, which include year-on-year (Y-o-Y) growth of the market, value chain, supply chain analysis, and compounded annual growth rate (CAGR) are explained in PMR’s study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the automotive digital key market in the forecast period.
The study is relevant for stakeholders in the automotive digital key market, including automotive digital key manufacturers, suppliers, distributors, and investors, and can help them in developing appropriate strategies to grow in the market. Stakeholders in the automotive digital key market, investors, industry experts, researchers, and journalists, as well as business researchers can leverage the information and data presented in PMR’s study.
The study also includes statistics as well as facts related to the macro as well as micro economic factors that are impacting developments in the market. It also offers actionable insights based on the future trends in the automotive digital key market. Furthermore, small businesses and new entrants in the automotive digital key market too can make use of the information presented in this study, based on which, they can make appropriate business decisions in order to gain momentum in the market.
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