According to the recent study the automotive digital key market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 21% to 23% from 2023 to 2028. Growth in this market is primarily driven by increase in demand of vehicles with advanced and digital technologies and ease of use.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in automotive digital key market by technology (bluetooth, biometric, Wi-Fi, remote cloud key access, & near field communication), application (single function and multi function), vehicle type (passenger vehicle and commercial vehicle), sales channel (aftersales and original equipment manufacturer (OEM)), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Near-field communication market is expected to remain the largest segment during the forecast period.”
Based on technology, the automotive digital key market is segmented into bluetooth, biometric, Wi-Fi, remote cloud key access, & near field communication. Lucintel forecasts that the near-field communication market is expected to remain the largest segment due to its flexibility, which enables the vehicle’s owner to lock/unlock the vehicle with the help of a unique smartphone device, thus ensuring safe and convenient way to access.
“Within the automotive digital key market, the passenger vehicle segment is expected to remain the largest vehicle type”
Based on vehicle type the passenger vehicle segment is expected to witness the highest growth over the forecast period due to the improvement in the standard of living, rise in disposable income, and growing trend of owing a personal vehicle.
“Asia pacific will dominate the automotive digital key market in near future”
APAC will remain the largest region due to increasing penetration of advanced and autonomous technologies in the automotive industry combined with rising demand for vehicles with safety features.
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Major players of automotive digital key market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Infineon Technologies, Telefonaktiebolaget LM Ericsson, Continental, Denso, Tokai Rika, ALPHA Corporation, Garmin, Firstech, GARIN System, STMicroelectronics are among the major automotive digital key providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/automotive-digital-key-market.aspx or [email protected]