Global Automotive Digital Key Market overview:

The Automotive Digital Key Market is expected to witness sustained growth over the forecast period (2019-2023). The growth of the Automotive Digital Key market is driven as there is favourable growth in the industry is a major factor which will boost the global Automotive Digital Key Market.

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The Automotive Digital Key is helpful to lock and unlock the vehicle. Car keys are witnessing innovative changes owing to advancements in technology. One such innovation is the Digital Car Key, which helps the owner to share the information of his vehicle securely through the Smartphone Application. The Car Digital Key is a Tool, Technology in which Smartphones are likely to be utilized as a car key to Unlock/Lock vehicle Doors and Start/Stop the vehicle engine using Bluetooth Technology or near field communication technology. The driver can access the entire vehicle and every component of the vehicle with the help of a Digital Key. Development of digital sensors, quicker mobile connectivity, and compact innovative components are enabling cars to be a part of Internet of Things.

The Global Automotive Digital Key Market is segmented on the basis of Product Type, End Use Industry and Region. On the Basis of Product Type segment, the Automotive Digital Key Market is sub segmented into Personal Car, Car sharing, Car rental. Based on End Use Industry segment, the Automotive Digital Key Market is sub segmented into Passenger car, Commercial vehicle.

In terms of the geographic analysis, APAC’s market is expected to rise at a higher Compound Annual Growth Rate in the forecast period owing to a wider presence of automotive industry. Changing scenarios pertaining to safety and functionality is likely to propel the Automotive Digital Key Market growth in the forecast period.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Some of the major players that operate in the Global Automotive Digital Key Market are Bosch, Continental, Ericsson, SAMSUNG, Valeo.

Latest Industry Updates:

1 Bosch:- As Indian industries continue to evolve; it has become necessary for the workforce today to upskill themselves in order to improve their technical knowledge. Bosch Limited has come forward to support the development of such a workforce through the creation of a new ‘Skill Development Center’ at the Government Industrial Training Institute (I.T.I.) at Dairy Circle in Bengaluru. The center, named Model-Block 1, was inaugurated by Mr. Rajesh Aggarwal, Additional Secretary, Director General of Training (DGT), Ministry of Skill Development & Entrepreneurship, Government of India, and Mr. Soumitra Bhattacharya, Managing Director, Bosch Limited and President, Bosch Group India. It forms a part of India’s larger skill development agenda and will upskill both current and future I.T.I. students with industry-relevant skills.

Bosch’s model Skill Development Center houses seven learning facilities within it, including a Mechatronics Lab, a Modern Manufacturing Lab, a Modern Carpentry Lab and an Information and Communication Technology (ICT) Lab. Further, two other labs have been developed in partnership with Samsung, namely the Hand-held Phone and Audio-Visual Lab and Home Appliances Lab.

2 SAMSUNG:- The nationwide digital campaign #IndiaReadyAction by Samsung has created ripples across the country. The campaign urges people to break stereotypes about India by shooting short 60-second videos and sharing them on Instagram.India is a big and wide country with diversity like none other, yet there are constant generalisations that shape crazy stereotypes. With #IndiaReadyAction millennials are empowered to break these stereotypes.To add to the excitement, every week 7 lucky winners will get the latest Samsung Galaxy A70 smartphone with a 6.7-inch sAMOLED infinity U display along with 32MP triple rear camera.

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Market segment by Regions/Countries, this report covers:

1 North America Country (United States, Canada)

2 South America

3 Asia Country (China, Japan, India, Korea)

4 Europe Country (Germany, UK, France, Italy)

5 Other Country (Middle East, Africa, GCC)

Table of Contents:

Global Automotive Digital Key Market Report 2019

1 Automotive Digital Key Definition

2 Global Automotive Digital Key Market Major Player Share and Market Overview

3 Major Player Automotive Digital Key Business Introduction

4 Global Automotive Digital Key Market Segmentation (Region Level)

5 Global Automotive Digital Key Market Segmentation (Product Type Level)

6 Global Automotive Digital Key Market Segmentation (Industry Level)

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