Buyers Considering Purchasing Cars via eCommerce During COVID-19 Outbreak

In a sign of how the COVID-19 outbreak is changing car buying, companies in the automotive digital key market are relying on digital showrooms, online customer reviews, and virtual test drive videos to boost sales. Tesla’s celebrity-led online livestream touting the company’s vehicles gained increased popularity in China during the pandemic in April 2020. Thus, manufacturers are expected to use these unique strategies to revive sales decimated by the ongoing pandemic in India, Canada, Pakistan, and Germany.

Buyers in the automotive industry are still warming up to the idea of purchasing big-ticket items such as cars via apps, livestreaming sites, and social media. Companies in the automotive digital key market are expecting future growth potentials in China’s auto industry, owing to their growing the adoption for eCommerce.

automotive digital key market infographic

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Innovations in Activity Keys Help Overcome Limitations in Conventional Digital Keys

The automotive digital key market is predicted to expand at an astonishing CAGR of 21.5% during the forecast period. However, pros and cons of digital keys are emerging as hurdles for market expansion. For instance, Apple’s CarKey Tech is enabling car manufacturers to allow smartphones to unlock vehicles, but cannot entirely replace physical keys. Despite these challenges, key makers are marching toward the one-device-does-all scenario to attract new car buyers.

Companies in the automotive digital key market are focusing their attention toward supplementary keys that are taking the form of activity bands and being publicized by brands such as Jaguar Land Rover. These activity keys allow car owners to leave their standard car keys, phones, and wallet safely at home or in the glovebox.

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Car Door Lock Keyless Entry Systems Achieve Safety, Easy Installation

Manufacturers in the automotive digital key market are unlocking revenue potentials through eCommerce to make vehicles safer against robber attempts. Compact size, reliability, and effectiveness of car remote locking systems are grabbing the attention of vehicle owners. This has led to the popularity of the FICBOX car remote control central locking system, which known for direction light flashing and LED (Light Emitting Diode) indicator. Innovative remote locking systems are being discussed for its raise window output and remote trunk release.

On the other hand, CLOUDSALE car door lock keyless entry system is being known for its impeccable remote control features and easy installation.

Demand for Maximum Data Protection, Security of Digital Car Keys

In cooperation with Apple, BMW is gaining popularity for offering its digital car key on the iPhone. Companies in the automotive digital key market are taking cues from such innovations to develop technology and systems that help to set up a car key on a compatible smartphone and share it with other individuals. Maximum security and data protection are being preferred in digital car keys.

Companies in the automotive digital key market are increasing their research in the near-field communication (NFC) technology, which ensures high level of data protection. They are innovating in digital keys, which only require the Internet for setup and eliminate the need for the Internet in places, which lack active connection.

UWB Technology Helps to Automatically Unlock Car Doors without Pulling Out Keys

Apart from Apple, even Samsung is seen collaborating with Ford, Audi, and Genesis. Smartphone companies are developing phones that help to remotely unlock car doors. Even car brands are gaining awareness about NFC and the UWB (Ultra Wideband) technology to make cars compatible with continuous innovations in digital car keys.

Companies in the automotive digital key market are partnering with smartphone brands to develop UWB enabled digital keys that send short pulses between the mobile device and the paired car. Phone and car brands are expanding their revenue streams using the UWB technology to automatically unlock car doors without pulling out the keys.

automotive digital key market segmentation

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Analysts’ Viewpoint

Carmakers and dealers are gaining valuable and handy online experience due to the ongoing COVID-19 outbreak. Apart from innovating in digital keys, car brands are focusing on digital marketing and creating podcasts to keep listeners and automobile enthusiasts updated with exclusive insights in tech, lifestyle, car designs, and the likes. However, there is a common security and power anxiety, among users, in case their smartphone is stolen or runs on low battery. Hence, companies in the automotive digital key market are collaborating with smartphone companies to develop over-the-air software, which improve security concerns faced by users. Companies are innovating in activity keys to avoid the hassles of physically handling standard keys and wallets.

Automotive Digital Key Market: Overview

  • The global automotive digital key market was valued over US$ 1.3 Mn in 2020. It is estimated to expand at a CAGR of 21.5% from 2021 to 2031.
  • Increasing focus on vehicle safety features, rising demand for automation and electric vehicles, growing trend of vehicle electrification in the automobile industry as well as government regulations on emissions, and fuel efficiency are prominent factors driving the demand for advanced features in vehicles, including keyless entry system in vehicles

Drivers of Automotive Digital Key Market

  • Rise in integration of luxury features in vehicles, including advanced drive assistance systems and connected vehicles using the Internet of Things, is prompting vehicle manufacturers to develop advanced vehicle security systems. Increase in use of smartphone applications in vehicles is also a major factor boosting the integration of digital key solutions in vehicles.
  • Increase in penetration of wireless connectivity in vehicles is likely to fuel the demand for digital key solutions in vehicles. Likewise, DS, Citroën's luxury car brand, developed a novel use for the key fob, making it a contactless payment card. Simply tapping the key fob on the screen of a card payment terminal enables it to be used similar to a normal credit or debit card for any transaction of US$ 40 or less. Users can add money to the key via a smartphone app and since it employs an integrated chip plus Radio-Frequency Identification (RFID), it is safe and secure as any current payment card, adopted by a number of consumers across Europe.
  • Changing customer expectations are prompting digital key solutions providers to design innovative key solutions that provide customers with multiple functionalities. Usage of start-stop module, which certainly stops and restarts the internal combustion (IC) engine and reduces fuel consumption and vehicle emissions, is increasing rapidly, which is likely to propel the digital key market across the globe.
  • Research and development in digital key solutions is increasing. For instance, BMW AG introduced a smart key fob with a display that enables control of various features of its cars such as pre-conditioning, park-assist, and lighting. It also displays information such as range and timer, which is likely to boost the automotive digital key market.

Challenges for Automotive Digital Key Market

  • A digital key is more likely to face cyber security issues, as a digital key is connected to the vehicle through the smartphone that employs software technology for its operation. Digital keys are keyless entry, which do not require the driver to push any buttons on the key to unlock the doors. Doors unlock automatically when the key fob is near the car. Smart keys mostly utilize infrared radiation (IR) technologies to transmit signals to the car. Digital keys built in mobile applications work in a similar way, except that they transmit signals via Bluetooth or NFC technologies, such technologies can be hacked, which is likely to restrain the automotive digital key market.
  • The recent outbreak of COVID-19 pandemic hampered majority of businesses across the globe owing to the forced lockdown, which caused people to stay at home. The forced lockdown led to a decline in vehicle sales; subsequently, contracting the global automotive digital key. However, the global automotive digital key is expected to expand from 2021, owing to economic measures taken by governments to recover from financial losses caused by forced shutdown of business activities during the COVID-19 pandemic in 2020.

Segmentation of Automotive Digital Key Market

  • The global automotive digital key market has been segmented based on component, connectivity, hardware, technology, application, vehicle type, sales channel, and region
  • Based on vehicle type, the passenger vehicles accounted for the major share of the global automotive digital key market in 2020. The segment accounted for more than 75% share of the market in 2020. Increase in per capita income, along with rapid industrialization has fueled the sale of passenger vehicles and commercial vehicles across the globe in order to meet the rise in demand for transportation of people and goods. Additionally, the global coronavirus pandemic outbreak has heightened safety awareness among consumers. Therefore, the trend of owning a personal vehicle is likely to increase among the population, thereby increasing the demand for passenger vehicles. All these segments are likely to boost the passenger vehicle segment during the forecast period.
  • Based on sales channel, the automotive digital key market has been bifurcated into OEM (original equipment manufacturer) and aftermarket. In terms of revenue, the OEM segment accounted for a major share of the global automotive digital key market in 2020. Majority of the automakers are providing digital keys to their consumers during the vehicle purchase in order to increase convenience in terms of vehicle access. Additionally, in case of digital key replacements, majority of consumers prefer to use services offered by automaker-authorized service providers owing to brand trust and consumer loyalty. This, in turn, is likely to propel the OEM segment of the global automotive digital key market during the forecast period.

Automotive Digital Key Market: Regional Analysis

  • Based on region, the global automotive digital key has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
  • Asia Pacific accounted for a major share of the global automotive digital key. Asia Pacific has major presence of developed countries that are home to advanced research and development facilities for digital key, which is likely to enhance the use of digital key solutions across the region. China dominates the automotive digital key market in Asia Pacific. China is the hub for automotive markets across the globe. Demand for keyless entry access systems in the market in China and India is increasing at a rapid pace, as various China- and India-based companies are launching vehicles with keyless entry feature, which, in turn, is estimated to propel the automotive digital key market in China and India. The market is also driven by increasing sales of passenger car in countries such as China, Japan, India, and South Korea. Sales of passenger cars and commercial vehicles in countries in ASEAN have been rising significantly for the past few years, which is also estimated to boost the automotive digital key in Asia Pacific during the forecast period.

Automotive Digital Key Market: Competition Landscape

  • Key players operating in the global automotive digital key include
    • ALPHA Corporation
    • Continental AG
    • Denso Corporation
    • Heights Security, Inc.
    • HELLA GmbH & Co. KGaA
    • Hyundai Mobis
    • Minda Corporation
    • Mitsubishi Electric Corporation
    • NXP Semiconductors
    • Robert Bosch GmbH
    • Samsung
    • Silca
    • STMicroelectronics
    • Telefonaktiebolaget LM Ericsson
    • Valeo SA
  • Key players operating in the global automotive digital key market are expanding their presence by engaging in mergers and acquisition activities or by establishing new facilities
  • For instance, In December 2019, Ericsson and Microsoft entered in a joint collaboration for the development of secure and accelerated cloud services for the next-generation of connected cars. Combining Ericsson’s Connected Vehicle Cloud and Microsoft Connected Vehicle Platform has enabled automobile manufacturers to accelerate the production of connected car services globally. The integrated, combined platform solution enables automakers to deploy and scale global vehicle services including fleet management, over-the-air (OTA) software updates for vehicles and connected safety services at a rapid pace and at reduced costs.

Automotive Digital Key Market – Segmentation

This report on the automotive digital key market provides information on the basis of component, connectivity, hardware, technology, application, vehicle type, sales channel, and region.

Component
  • Switches
  • Sensors
  • Electronic Control Unit (ECU)
  • Others (RF Antenna, Motherboard, etc.)
Application
  • Vehicle Engine Start/Stop
  • Fleet Management
  • Vehicle Security
  • Charging Application
  • Payment Application
  • Shared Mobility
  • Others
Connectivity
  • Remote Cloud Key Access
  • Biometric
  • Near Field Communication (NFC)
  • Bluetooth
  • Wi-Fi
Hardware
  • Remote Key Entry Devices
  • Smartphones & Tablets
  • Wearables
Technology
  • Passive Keyless Entry System
  • Remote Keyless Entry System
Vehicle Type
  • Passenger Vehicle
  • Commercial Vehicle
Sales Channel
  • OEM
  • Aftermarket
Region
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

This study also discusses the underlying trends and impact of various factors that are driving the automotive digital key market, along with their influence on the evolution of the market.

This study also offers Porter’s Five Point Analysis, value chain analysis, regulatory scenario, and a SWOT analysis of the automotive digital key market, in order to elaborate the crucial growth tactics and opportunities for market players contributing to the market.

Frequently Asked Questions

- TMR has segmented the automotive digital key market by application (Personal use and Car sharing and car rental) and geographic (Europe, North America, APAC, South America, and MEA).

Europe will register the highest growth rate of XX% among the other regions. Therefore, the automotive digital key market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.

The key factors driving the automotive digital key market growth are: (1) Vulnerability in existing keyless entry systems (2) Digital key accessibility when smart device runs out of charge

The automotive digital key market vendors should focus on grabbing business opportunities from the personal use segment as it accounted for the largest market share in the base year.

ALPHA Corporation, Continental AG, Denso Corporation, Heights Security, Inc., HELLA GmbH & Co. KGaA, Hyundai Mobis, Minda Corporation, Mitsubishi Electric Corporation, NXP Semiconductors, Robert Bosch GmbH, Samsung, Silca, STMicroelectronics, Telefonaktiebolaget LM Ericsson, and Valeo SA.

1. Preface

    1.1. Market Definition and Scope

    1.2. Market Segmentation

    1.3. Key Research Objectives

    1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary : Global Automotive Digital Key Market

    3.1. Global Automotive Digital Key Market Size, Units, US$ Mn, 2017-2031

4. Market Overview

    4.1. Overview

    4.2. Key Trend Analysis

    4.3. Key Industry Developments

    4.4. Market Dynamics

        4.4.1. Drivers

        4.4.2. Restraints

    4.5. Opportunity

    4.6. Porter’s Five Force Analysis

    4.7. Value Chain Analysis

        4.7.1. List of Key Manufacturers

        4.7.2. List of Customers

        4.7.3. Level of Integration

    4.8. Regulatory Scenario for Automotive Digital Key Market in Various Regions

    4.9. SWOT Analysis

5. Impact Analysis of Automotive Digital Key Market due to:

    5.1. Security Threats (Hacking, Identity Theft, etc.)

    5.2. Lack of global standards

6. Global Automotive Digital Key Market Analysis and Forecast, by Component

    6.1. Introduction & Definition

    6.2. Key Findings 

    6.3. Automotive Digital Key Market Value (US$ Mn) Analysis & Forecast, by Component, 2017-2031

        6.3.1. Switches

        6.3.2. Sensors

        6.3.3. Electronic Control Unit (ECU)

        6.3.4. Others (RF Antenna, motherboard, etc.)

    6.4. Automotive Digital Key Market Attractiveness Analysis, by Component

7. Global Automotive Digital Key Market Analysis and Forecast, by Application

    7.1. Introduction & Definition

    7.2. Key Findings 

    7.3. Automotive Digital Key Market Value (US$ Mn) Analysis & Forecast, by Application, 2017-2031

        7.3.1. Vehicle Lock/Unlock

        7.3.2. Vehicle Engine Start/Stop

        7.3.3. Fleet Management

        7.3.4. Shared Mobility

        7.3.5. Others

    7.4. Automotive Digital Key Market Attractiveness Analysis, by Application

8. Global Automotive Digital Key Market Analysis and Forecast, by Connectivity

    8.1. Introduction & Definition

    8.2. Key Findings 

    8.3. Automotive Digital Key Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Connectivity, 2017-2031

        8.3.1. Remote Cloud Key Access

        8.3.2. Biometric

        8.3.3. Near Field Communication (NFC)

        8.3.4. Bluetooth

        8.3.5. Wi-Fi

    8.4. Automotive Digital Key Market Attractiveness Analysis, by Connectivity

9. Global Automotive Digital Key Market Analysis and Forecast, by Hardware

    9.1. Introduction & Definition

    9.2. Key Findings 

    9.3. Automotive Digital Key Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Hardware, 2017-2031

        9.3.1. Remote Key Entry Devices

        9.3.2. Smartphones & Tablets

        9.3.3. Wearables

    9.4. Automotive Digital Key Market Attractiveness Analysis, by Hardware

10. Global Automotive Digital Key Market Analysis and Forecast, by Technology

    10.1. Introduction & Definition

    10.2. Key Findings 

    10.3. Automotive Digital Key Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Technology, 2017-2031

        10.3.1. Passive Keyless Entry System

        10.3.2. Remote Keyless Entry System

    10.4. Automotive Digital Key Market Attractiveness Analysis, by Technology

11. Global Automotive Digital Key Market Analysis and Forecast, by Vehicle Type

    11.1. Introduction & Definition

    11.2. Key Findings 

    11.3. Automotive Digital Key Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Vehicle Type, 2017-2031

        11.3.1. Passenger Vehicle

        11.3.2. Commercial Vehicle

    11.4. Automotive Digital Key Market Attractiveness Analysis, by Vehicle Type

12. Global Automotive Digital Key Market Analysis and Forecast, by Sales Channel

    12.1. Introduction & Definition

    12.2. Key Findings 

    12.3. Automotive Digital Key Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Sales Channel, 2017-2031

        12.3.1. OEM

        12.3.2. Aftermarket

    12.4. Automotive Digital Key Market Attractiveness Analysis, by Sales Channel

13. Global Automotive Digital Key Market Analysis and Forecast, by Region

    13.1. Key Findings

    13.2. Automotive Digital Key Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, by Region, 2017-2031

        13.2.1. North America

        13.2.2. Latin America

        13.2.3. Europe

        13.2.4. Asia Pacific

        13.2.5. Middle East & Africa

    13.3. Automotive Digital Key Market Attractiveness Analysis, by Region

14. North America Digital Key Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, 2017-2031

    14.1. Key Findings

    14.2. North America Digital Key Market, by Component

        14.2.1. Switches

        14.2.2. Sensors

        14.2.3. Electronic Control Unit (ECU)

        14.2.4. Others (RF Antenna, motherboard, etc.)

    14.3. North America Digital Key Market, by Application

        14.3.1. Vehicle Lock/Unlock

        14.3.2. Vehicle Engine Start/Stop

        14.3.3. Fleet Management

        14.3.4. Shared Mobility

        14.3.5. Others

    14.4. North America Digital Key Market, by Connectivity

        14.4.1. Remote Cloud Key Access

        14.4.2. Biometric

        14.4.3. Near Field Communication (NFC)

        14.4.4. Bluetooth

        14.4.5. Wi-Fi

    14.5. North America Digital Key Market, by Hardware Type

        14.5.1. Remote Key Entry Devices

        14.5.2. Smartphones & Tablets

        14.5.3. Wearables

    14.6. North America Digital Key Market, by Technology Type

        14.6.1. Passive Keyless Entry System

        14.6.2. Remote Keyless Entry System

    14.7. North America Digital Key Market, by Vehicle Type

        14.7.1. Passenger Vehicle

        14.7.2. Commercial Vehicle

    14.8. North America Digital Key Market, by Sales Channel

        14.8.1. OEM

        14.8.2. Aftermarket

    14.9. North America Digital Key Market, by Country

        14.9.1. U.S.

        14.9.2. Canada

15. Europe Digital Key Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, 2017-2031

    15.1. Key Findings

    15.2. Europe Digital Key Market, by Component

        15.2.1. Switches

        15.2.2. Sensors

        15.2.3. Electronic Control Unit (ECU)

        15.2.4. Others (RF Antenna, motherboard, etc.)

    15.3. Europe Digital Key Market, by Application

        15.3.1. Vehicle Lock/Unlock

        15.3.2. Vehicle Engine Start/Stop

        15.3.3. Fleet Management

        15.3.4. Shared Mobility

        15.3.5. Others

    15.4. Europe Digital Key Market, by Connectivity

        15.4.1. Remote Cloud Key Access

        15.4.2. Biometric

        15.4.3. Near Field Communication (NFC)

        15.4.4. Bluetooth

        15.4.5. Wi-Fi

    15.5. Europe Digital Key Market, by Hardware Type

        15.5.1. Remote Key Entry Devices

        15.5.2. Smartphones & Tablets

        15.5.3. Wearables

    15.6. Europe Digital Key Market, by Technology Type

        15.6.1. Passive Keyless Entry System

        15.6.2. Remote Keyless Entry System

    15.7. Europe Digital Key Market, by Vehicle Type

        15.7.1. Passenger Vehicle

        15.7.2. Commercial Vehicle

    15.8. Europe Digital Key Market, by Sales Channel

        15.8.1. OEM

        15.8.2. Aftermarket

    15.9. Europe Digital Key Market, by Country and Sub-region

        15.9.1. Germany

        15.9.2. U.K.

        15.9.3. France

        15.9.4. Italy

        15.9.5. Spain

        15.9.6. Rest of Europe

16. Asia Pacific Digital Key Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, 2017-2031

    16.1. Key Findings

    16.2. Asia Pacific Digital Key Market, by Component

        16.2.1. Switches

        16.2.2. Sensors

        16.2.3. Electronic Control Unit (ECU)

        16.2.4. Others (RF Antenna, motherboard, etc.)

    16.3. Asia Pacific Digital Key Market, by Application

        16.3.1. Vehicle Lock/Unlock

        16.3.2. Vehicle Engine Start/Stop

        16.3.3. Fleet Management

        16.3.4. Shared Mobility

        16.3.5. Others

    16.4. Asia Pacific Digital Key Market, by Connectivity

        16.4.1. Remote Cloud Key Access

        16.4.2. Biometric

        16.4.3. Near Field Communication (NFC)

        16.4.4. Bluetooth

        16.4.5. Wi-Fi

    16.5. Asia Pacific Digital Key Market, by Hardware

        16.5.1. Remote Key Entry Devices

        16.5.2. Smartphones & Tablets

        16.5.3. Wearables

    16.6. Asia Pacific Digital Key Market, by Technology

        16.6.1. Passive Keyless Entry System

        16.6.2. Remote Keyless Entry System

    16.7. Asia Pacific Digital Key Market, by Vehicle Type

        16.7.1. Passenger Vehicle

        16.7.2. Commercial Vehicle

    16.8. Asia Pacific Digital Key Market, by Sales Channel

        16.8.1. OEM

        16.8.2. Aftermarket

    16.9. Asia Pacific Digital Key Market, by Country and Sub-region

        16.9.1. China

        16.9.2. India

        16.9.3. Japan

        16.9.4. ASEAN

        16.9.5. South Korea

        16.9.6. Rest of Asia Pacific

17. Middle East & Africa Digital Key Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, 2017-2031

    17.1. Key Findings

    17.2. Middle East & Africa Digital Key Market, by Component

        17.2.1. Switches

        17.2.2. Sensors

        17.2.3. Electronic Control Unit (ECU)

        17.2.4. Others (RF Antenna, motherboard, etc.)

    17.3. Middle East & Africa Digital Key Market, by Application

        17.3.1. Vehicle Lock/Unlock

        17.3.2. Vehicle Engine Start/Stop

        17.3.3. Fleet Management

        17.3.4. Shared Mobility

        17.3.5. Others

    17.4. Middle East & Africa Digital Key Market, by Connectivity

        17.4.1. Remote Cloud Key Access

        17.4.2. Biometric

        17.4.3. Near Field Communication (NFC)

        17.4.4. Bluetooth

        17.4.5. Wi-Fi

    17.5. Middle East & Africa Digital Key Market, by Hardware

        17.5.1. Remote Key Entry Devices

        17.5.2. Smartphones & Tablets

        17.5.3. Wearables

    17.6. Middle East & Africa Digital Key Market, by Technology

        17.6.1. Passive Keyless Entry System

        17.6.2. Remote Keyless Entry System

    17.7. Middle East & Africa Digital Key Market, by Vehicle Type

        17.7.1. Passenger Vehicle

        17.7.2. Commercial Vehicle

    17.8. Middle East & Africa Digital Key Market, by Sales Channel

        17.8.1. OEM

        17.8.2. Aftermarket

    17.9. Middle East & Africa Digital Key Market, by Country and Sub-region

        17.9.1. GCC

        17.9.2. South Africa

        17.9.3. Rest of Middle East & Africa

18. Latin America Digital Key Market Volume (Units) & Value (US$ Mn) Analysis & Forecast, 2017-2031

    18.1. Key Findings

    18.2. Latin America Digital Key Market, by Component

        18.2.1. Switches

        18.2.2. Sensors

        18.2.3. Electronic Control Unit (ECU)

        18.2.4. Others (RF Antenna, motherboard, etc.)

    18.3. Latin America Digital Key Market, by Application

        18.3.1. Vehicle Lock/Unlock

        18.3.2. Vehicle Engine Start/Stop

        18.3.3. Fleet Management

        18.3.4. Shared Mobility

        18.3.5. Others

    18.4. Latin America Digital Key Market, by Connectivity

        18.4.1. Remote Cloud Key Access

        18.4.2. Biometric

        18.4.3. Near Field Communication (NFC)

        18.4.4. Bluetooth

        18.4.5. Wi-Fi

    18.5. Latin America Digital Key Market, by Hardware Type

        18.5.1. Remote Key Entry Devices

        18.5.2. Smartphones & Tablets

        18.5.3. Wearables

    18.6. Latin America Digital Key Market, by Technology Type

        18.6.1. Passive Keyless Entry System

        18.6.2. Remote Keyless Entry System

    18.7. Latin America Digital Key Market, by Vehicle Type

        18.7.1. Passenger Vehicle

        18.7.2. Commercial Vehicle

    18.8. Latin America Digital Key Market, by Sales Channel

        18.8.1. OEM

        18.8.2. Aftermarket

    18.9. Latin America Digital Key Market, by Country and Sub-region

        18.9.1. Brazil

        18.9.2. Mexico

        18.9.3. Rest of Latin America

19. Competition Landscape

    19.1. Market Analysis, by Company (2020)

    19.2. Market Player – Competition Matrix (By Tier and Size of companies)

    19.3. Key Market Players (Details – Overview, Recent Developments, Strategy)

        19.3.1. ALPHA Corporation

            19.3.1.1. Overview

            19.3.1.2. Recent Developments

            19.3.1.3. Strategy

        19.3.2. Continental AG

            19.3.2.1. Overview

            19.3.2.2. Recent Developments

            19.3.2.3. Strategy

        19.3.3. Denso Corporation

            19.3.3.1. Overview

            19.3.3.2. Recent Developments

            19.3.3.3. Strategy

        19.3.4. Heights Security, Inc.

            19.3.4.1. Overview

            19.3.4.2. Recent Developments

            19.3.4.3. Strategy

        19.3.5. HELLA GmbH & Co. KGaA

            19.3.5.1. Overview

            19.3.5.2. Recent Developments

            19.3.5.3. Strategy

        19.3.6. Hyundai Mobis

            19.3.6.1. Overview

            19.3.6.2. Recent Developments

            19.3.6.3. Strategy

        19.3.7. Mitsubishi Electric Corporation

            19.3.7.1. Overview

            19.3.7.2. Recent Developments

            19.3.7.3. Strategy

        19.3.8. NXP Semiconductors

            19.3.8.1. Overview

            19.3.8.2. Recent Developments

            19.3.8.3. Strategy

        19.3.9. Robert Bosch GmbH

            19.3.9.1. Overview

            19.3.9.2. Recent Developments

            19.3.9.3. Strategy

        19.3.10. Samsung

            19.3.10.1. Overview

            19.3.10.2. Recent Developments

            19.3.10.3. Strategy

        19.3.11. Silca

            19.3.11.1. Overview

            19.3.11.2. Recent Developments

            19.3.11.3. Strategy

        19.3.12. Spark Minda

            19.3.12.1. Overview

            19.3.12.2. Recent Developments

            19.3.12.3. Strategy

        19.3.13. STMicroelectronics

            19.3.13.1. Overview

            19.3.13.2. Recent Developments

            19.3.13.3. Strategy

        19.3.14. Telefonaktiebolaget LM Ericsson

            19.3.14.1. Overview

            19.3.14.2. Recent Developments

            19.3.14.3. Strategy

        19.3.15. Valeo SA

            19.3.15.1. Overview

            19.3.15.2. Recent Developments

            19.3.15.3. Strategy

20. Primary Research – Key Insight

List of Tables

Table 1: Global Automotive Digital Key Market Value (US$ Mn) Forecast, by Component, 2017-2031

Table 2: Global Automotive Digital Key Market Value (US$ Mn) Forecast, by Application, 2017-2031

Table 3: Global Automotive Digital Key Market Volume (Million Units) Forecast, by Connectivity, 2017-2031

Table 4: Global Automotive Digital Key Market Value (US$ Mn) Forecast, by Connectivity, 2017-2031

Table 5: Global Automotive Digital Key Market Volume (Million Units) Forecast, by Hardware, 2017-2031

Table 6: Global Automotive Digital Key Market Value (US$ Mn) Forecast, by Hardware, 2017-2031

Table 7: Global Automotive Digital Key Market Volume (Million Units) Forecast, by Technology, 2017-2031

Table 8: Global Automotive Digital Key Market Value (US$ Mn) Forecast, by Technology, 2017-2031

Table 9: Global Automotive Digital Key Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031

Table 10: Global Automotive Digital Key Market Value (US$ Mn) Forecast, by Vehicle Type, 2017-2031

Table 11: Global Automotive Digital Key Market Volume (Million Units) Forecast, by Sales Channel, 2017-2031

Table 12: Global Automotive Digital Key Market Value (US$ Mn) Forecast, by Sales Channel, 2017-2031

Table 13: Global Automotive Digital Key Market Volume (Million Units) Forecast, by Region, 2017-2031

Table 14: Global Automotive Digital Key Market Value (US$ Mn) Forecast, by Region, 2017-2031

Table 15: North America Automotive Digital Key Market Value (US$ Mn) Forecast, by Component, 2017-2031

Table 16: North America Automotive Digital Key Market Value (US$ Mn) Forecast, by Application, 2017-2031

Table 17: North America Automotive Digital Key Market Volume (Million Units) Forecast, by Connectivity, 2017-2031

Table 18: North America Automotive Digital Key Market Value (US$ Mn) Forecast, by Connectivity, 2017-2031

Table 19: North America Automotive Digital Key Market Volume (Million Units) Forecast, by Hardware, 2017-2031

Table 20: North America Automotive Digital Key Market Value (US$ Mn) Forecast, by Hardware, 2017-2031

Table 21: North America Automotive Digital Key Market Volume (Million Units) Forecast, by Technology, 2017-2031

Table 22: North America Automotive Digital Key Market Value (US$ Mn) Forecast, by Technology, 2017-2031

Table 23: North America Automotive Digital Key Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031

Table 24: North America Automotive Digital Key Market Value (US$ Mn) Forecast, by Vehicle Type, 2017-2031

Table 25: North America Automotive Digital Key Market Volume (Million Units) Forecast, by Sales Channel, 2017-2031

Table 26: North America Automotive Digital Key Market Value (US$ Mn) Forecast, by Sales Channel, 2017-2031

Table 27: North America Automotive Digital Key Market Volume (Million Units) Forecast, by Country & Sub-region, 2017-2031

Table 28: North America Automotive Digital Key Market Value (US$ Mn) Forecast, by Country & Sub-region, 2017-2031

Table 29: Europe Automotive Digital Key Market Value (US$ Mn) Forecast, by Component, 2017-2031

Table 30: Europe Automotive Digital Key Market Value (US$ Mn) Forecast, by Application, 2017-2031

Table 31: Europe Automotive Digital Key Market Volume (Million Units) Forecast, by Connectivity, 2017-2031

Table 32: Europe Automotive Digital Key Market Value (US$ Mn) Forecast, by Connectivity, 2017-2031

Table 33: Europe Automotive Digital Key Market Volume (Million Units) Forecast, by Hardware, 2017-2031

Table 34: Europe Automotive Digital Key Market Value (US$ Mn) Forecast, by Hardware, 2017-2031

Table 35: Europe Automotive Digital Key Market Volume (Million Units) Forecast, by Technology, 2017-2031

Table 36: Europe Automotive Digital Key Market Value (US$ Mn) Forecast, by Technology, 2017-2031

Table 37: Europe Automotive Digital Key Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031

Table 38: Europe Automotive Digital Key Market Value (US$ Mn) Forecast, by Vehicle Type, 2017-2031

Table 39: Europe Automotive Digital Key Market Volume (Million Units) Forecast, by Sales Channel, 2017-2031

Table 40: Europe Automotive Digital Key Market Value (US$ Mn) Forecast, by Sales Channel, 2017-2031

Table 41: Europe Automotive Digital Key Market Volume (Million Units) Forecast, by Country & Sub-region, 2017-2031

Table 42: Europe Automotive Digital Key Market Value (US$ Mn) Forecast, by Country & Sub-region, 2017-2031

Table 43: Asia Pacific Automotive Digital Key Market Value (US$ Mn) Forecast, by Component, 2017-2031

Table 44: Asia Pacific Automotive Digital Key Market Value (US$ Mn) Forecast, by Application, 2017-2031

Table 45: Asia Pacific Automotive Digital Key Market Volume (Million Units) Forecast, by Connectivity, 2017-2031

Table 46: Asia Pacific Automotive Digital Key Market Value (US$ Mn) Forecast, by Connectivity, 2017-2031

Table 47: Asia Pacific Automotive Digital Key Market Volume (Million Units) Forecast, by Hardware, 2017-2031

Table 48: Asia Pacific Automotive Digital Key Market Value (US$ Mn) Forecast, by Hardware, 2017-2031

Table 49: Asia Pacific Automotive Digital Key Market Volume (Million Units) Forecast, by Technology, 2017-2031

Table 50: Asia Pacific Automotive Digital Key Market Value (US$ Mn) Forecast, by Technology, 2017-2031

Table 51: Asia Pacific Automotive Digital Key Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031

Table 52: Asia Pacific Automotive Digital Key Market Value (US$ Mn) Forecast, by Vehicle Type, 2017-2031

Table 53: Asia Pacific Automotive Digital Key Market Volume (Million Units) Forecast, by Sales Channel, 2017-2031

Table 54: Asia Pacific Automotive Digital Key Market Value (US$ Mn) Forecast, by Sales Channel, 2017-2031

Table 55: Asia Pacific Automotive Digital Key Market Volume (Million Units) Forecast, by Country & Sub-region, 2017-2031

Table 56: Asia Pacific Automotive Digital Key Market Value (US$ Mn) Forecast, by Country & Sub-region, 2017-2031

Table 57: Middle East & Africa Automotive Digital Key Market Value (US$ Mn) Forecast, by Component, 2017-2031

Table 58: Middle East & Africa Automotive Digital Key Market Value (US$ Mn) Forecast, by Application, 2017-2031

Table 59: Middle East & Africa Automotive Digital Key Market Volume (Million Units) Forecast, by Connectivity, 2017-2031

Table 60: Middle East & Africa Automotive Digital Key Market Value (US$ Mn) Forecast, by Connectivity, 2017-2031

Table 61: Middle East & Africa Automotive Digital Key Market Volume (Million Units) Forecast, by Hardware, 2017-2031

Table 62: Middle East & Africa Automotive Digital Key Market Value (US$ Mn) Forecast, by Hardware, 2017-2031

Table 63: Middle East & Africa Automotive Digital Key Market Volume (Million Units) Forecast, by Technology, 2017-2031

Table 64: Middle East & Africa Automotive Digital Key Market Value (US$ Mn) Forecast, by Technology, 2017-2031

Table 65: Middle East & Africa Automotive Digital Key Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031

Table 66: Middle East & Africa Automotive Digital Key Market Value (US$ Mn) Forecast, by Vehicle Type, 2017-2031

Table 67: Middle East & Africa Automotive Digital Key Market Volume (Million Units) Forecast, by Sales Channel, 2017-2031

Table 68: Middle East & Africa Automotive Digital Key Market Value (US$ Mn) Forecast, by Sales Channel, 2017-2031

Table 69: Middle East & Africa Automotive Digital Key Market Volume (Million Units) Forecast, by Country & Sub-region, 2017-2031

Table 70: Middle East & Africa Automotive Digital Key Market Value (US$ Mn) Forecast, by Country & Sub-region, 2017-2031

Table 71: Latin America Automotive Digital Key Market Value (US$ Mn) Forecast, by Component, 2017-2031

Table 72: Latin America Automotive Digital Key Market Value (US$ Mn) Forecast, by Application, 2017-2031

Table 73: Latin America Automotive Digital Key Market Volume (Million Units) Forecast, by Connectivity, 2017-2031

Table 74: Latin America Automotive Digital Key Market Value (US$ Mn) Forecast, by Connectivity, 2017-2031

Table 75: Latin America Automotive Digital Key Market Volume (Million Units) Forecast, by Hardware, 2017-2031

Table 76: Latin America Automotive Digital Key Market Value (US$ Mn) Forecast, by Hardware, 2017-2031

Table 77: Latin America Automotive Digital Key Market Volume (Million Units) Forecast, by Technology, 2017-2031

Table 78: Latin America Automotive Digital Key Market Value (US$ Mn) Forecast, by Technology, 2017-2031

Table 79: Latin America Automotive Digital Key Market Volume (Million Units) Forecast, by Vehicle Type, 2017-2031

Table 80: Latin America Automotive Digital Key Market Value (US$ Mn) Forecast, by Vehicle Type, 2017-2031

Table 81: Latin America Automotive Digital Key Market Volume (Million Units) Forecast, by Sales Channel, 2017-2031

Table 82: Latin America Automotive Digital Key Market Value (US$ Mn) Forecast, by Sales Channel, 2017-2031

Table 83: Latin America Automotive Digital Key Market Volume (Million Units) Forecast, by Country & Sub-region, 2017-2031

Table 84: Latin America Automotive Digital Key Market Value (US$ Mn) Forecast, by Country & Sub-region, 2017-2031

List of Figures

Figure 1: Global Automotive Digital Key Market Volume (Million Units) Forecast, 2017–2031 

Figure 2: Global Automotive Digital Key Market Value (US$ Mn) Forecast, 2017–2031 

Figure 3: Global Automotive Digital Key Market Value (US$ Mn) Forecast, by Component, 2017-2031

Figure 4: Global Automotive Digital Key Market Attractiveness, by Component , 2021-2031

Figure 5: Global Automotive Digital Key Market Value (US$ Mn) Forecast, by Application, 2017-2031

Figure 6: Global Automotive Digital Key Market Attractiveness, by Application , 2021-2031

Figure 7: Global Automotive Digital Key Market Value (US$ Mn) Forecast, by Connectivity, 2017-2031

Figure 8: Global Automotive Digital Key Market Attractiveness, by Connectivity , 2021-2031

Figure 9: Global Automotive Digital Key Market Value (US$ Mn) Forecast, by Hardware, 2017-2031

Figure 10: Global Automotive Digital Key Market Attractiveness, by Hardware , 2021-2031

Figure 11: Global Automotive Digital Key Market Value (US$ Mn) Forecast, by Technology, 2017-2031

Figure 12: Global Automotive Digital Key Market Attractiveness, by Technology , 2021-2031

Figure 13: Global Automotive Digital Key Market Value (US$ Mn) Forecast, by Vehicle Type, 2017-2031

Figure 14: Global Automotive Digital Key Market Attractiveness, by Vehicle Type , 2021-2031

Figure 15: Global Automotive Digital Key Market Value (US$ Mn) Forecast, by Sales Channel, 2017-2031

Figure 16: Global Automotive Digital Key Market Attractiveness, by Sales Channel , 2021-2031

Figure 17: Global Automotive Digital Key Market Value (US$ Mn) Forecast, by Region, 2017-2031

Figure 18: Global Automotive Digital Key Market Attractiveness, by Region , 2021-2031

Figure 19: North America Automotive Digital Key Market Value (US$ Mn) Forecast, by Component, 2017-2031

Figure 20: North America Automotive Digital Key Market Attractiveness, by Component , 2021-2031

Figure 21: North America Automotive Digital Key Market Value (US$ Mn) Forecast, by Application, 2017-2031

Figure 22: North America Automotive Digital Key Market Attractiveness, by Application , 2021-2031

Figure 23: North America Automotive Digital Key Market Value (US$ Mn) Forecast, by Connectivity, 2017-2031

Figure 24: North America Automotive Digital Key Market Attractiveness, by Connectivity , 2021-2031

Figure 25: North America Automotive Digital Key Market Value (US$ Mn) Forecast, by Hardware, 2017-2031

Figure 26: North America Automotive Digital Key Market Attractiveness, by Hardware , 2021-2031

Figure 27: North America Automotive Digital Key Market Value (US$ Mn) Forecast, by Technology, 2017-2031

Figure 28: North America Automotive Digital Key Market Attractiveness, by Technology , 2021-2031

Figure 29: North America Automotive Digital Key Market Value (US$ Mn) Forecast, by Vehicle Type, 2017-2031

Figure 30: North America Automotive Digital Key Market Attractiveness, by Vehicle Type , 2021-2031

Figure 31: North America Automotive Digital Key Market Value (US$ Mn) Forecast, by Sales Channel, 2017-2031

Figure 32: North America Automotive Digital Key Market Attractiveness, by Sales Channel , 2021-2031

Figure 33: North America Automotive Digital Key Market Value (US$ Mn) Forecast, by Country and Sub-region, 2017-2031

Figure 34: North America Automotive Digital Key Market Attractiveness, by Country and Sub-region , 2021-2031

Figure 35: Europe Automotive Digital Key Market Value (US$ Mn) Forecast, by Component, 2017-2031

Figure 36: Europe Automotive Digital Key Market Attractiveness, by Component , 2021-2031

Figure 37: Europe Automotive Digital Key Market Value (US$ Mn) Forecast, by Application, 2017-2031

Figure 38: Europe Automotive Digital Key Market Attractiveness, by Application , 2021-2031

Figure 39: Europe Automotive Digital Key Market Value (US$ Mn) Forecast, by Connectivity, 2017-2031

Figure 40: Europe Automotive Digital Key Market Attractiveness, by Connectivity , 2021-2031

Figure 41: Europe Automotive Digital Key Market Value (US$ Mn) Forecast, by Hardware, 2017-2031

Figure 42: Europe Automotive Digital Key Market Attractiveness, by Hardware , 2021-2031

Figure 43: Europe Automotive Digital Key Market Value (US$ Mn) Forecast, by Technology, 2017-2031

Figure 44: Europe Automotive Digital Key Market Attractiveness, by Technology , 2021-2031

Figure 45: Europe Automotive Digital Key Market Value (US$ Mn) Forecast, by Vehicle Type, 2017-2031

Figure 46: Europe Automotive Digital Key Market Attractiveness, by Vehicle Type , 2021-2031

Figure 47: Europe Automotive Digital Key Market Value (US$ Mn) Forecast, by Sales Channel, 2017-2031

Figure 48: Europe Automotive Digital Key Market Attractiveness, by Sales Channel , 2021-2031

Figure 49: Europe Automotive Digital Key Market Value (US$ Mn) Forecast, by Country and Sub-region, 2017-2031

Figure 50: Europe Automotive Digital Key Market Attractiveness, by Country and Sub-region , 2021-2031

Figure 51: Asia Pacific Automotive Digital Key Market Value (US$ Mn) Forecast, by Component, 2017-2031

Figure 52: Asia Pacific Automotive Digital Key Market Attractiveness, by Component , 2021-2031

Figure 53: Asia Pacific Automotive Digital Key Market Value (US$ Mn) Forecast, by Application, 2017-2031

Figure 54: Asia Pacific Automotive Digital Key Market Attractiveness, by Application , 2021-2031

Figure 55: Asia Pacific Automotive Digital Key Market Value (US$ Mn) Forecast, by Connectivity, 2017-2031

Figure 56: Asia Pacific Automotive Digital Key Market Attractiveness, by Connectivity , 2021-2031

Figure 57: Asia Pacific Automotive Digital Key Market Value (US$ Mn) Forecast, by Hardware, 2017-2031

Figure 58: Asia Pacific Automotive Digital Key Market Attractiveness, by Hardware , 2021-2031

Figure 59: Asia Pacific Automotive Digital Key Market Value (US$ Mn) Forecast, by Technology, 2017-2031

Figure 60: Asia Pacific Automotive Digital Key Market Attractiveness, by Technology , 2021-2031

Figure 61: Asia Pacific Automotive Digital Key Market Value (US$ Mn) Forecast, by Vehicle Type, 2017-2031

Figure 62: Asia Pacific Automotive Digital Key Market Attractiveness, by Vehicle Type , 2021-2031

Figure 63: Asia Pacific Automotive Digital Key Market Value (US$ Mn) Forecast, by Sales Channel, 2017-2031

Figure 64: Asia Pacific Automotive Digital Key Market Attractiveness, by Sales Channel , 2021-2031

Figure 65: Asia Pacific Automotive Digital Key Market Value (US$ Mn) Forecast, by Country and Sub-region, 2017-2031

Figure 66: Asia Pacific Automotive Digital Key Market Attractiveness, by Country and Sub-region , 2021-2031

Figure 67: Middle East & Africa Automotive Digital Key Market Value (US$ Mn) Forecast, by Component, 2017-2031

Figure 68: Middle East & Africa Automotive Digital Key Market Attractiveness, by Component , 2021-2031

Figure 69: Middle East & Africa Automotive Digital Key Market Value (US$ Mn) Forecast, by Application, 2017-2031

Figure 70: Middle East & Africa Automotive Digital Key Market Attractiveness, by Application , 2021-2031

Figure 71: Middle East & Africa Automotive Digital Key Market Value (US$ Mn) Forecast, by Connectivity, 2017-2031

Figure 72: Middle East & Africa Automotive Digital Key Market Attractiveness, by Connectivity , 2021-2031

Figure 73: Middle East & Africa Automotive Digital Key Market Value (US$ Mn) Forecast, by Hardware, 2017-2031

Figure 74: Middle East & Africa Automotive Digital Key Market Attractiveness, by Hardware , 2021-2031

Figure 75: Middle East & Africa Automotive Digital Key Market Value (US$ Mn) Forecast, by Technology, 2017-2031

Figure 76: Middle East & Africa Automotive Digital Key Market Attractiveness, by Technology , 2021-2031

Figure 77: Middle East & Africa Automotive Digital Key Market Value (US$ Mn) Forecast, by Vehicle Type, 2017-2031

Figure 78: Middle East & Africa Automotive Digital Key Market Attractiveness, by Vehicle Type , 2021-2031

Figure 79: Middle East & Africa Automotive Digital Key Market Value (US$ Mn) Forecast, by Sales Channel, 2017-2031

Figure 80: Middle East & Africa Automotive Digital Key Market Attractiveness, by Sales Channel , 2021-2031

Figure 81: Middle East & Africa Automotive Digital Key Market Value (US$ Mn) Forecast, by Country and Sub-region, 2017-2031

Figure 82: Middle East & Africa Automotive Digital Key Market Attractiveness, by Country and Sub-region , 2021-2031

Figure 83: Latin America Automotive Digital Key Market Value (US$ Mn) Forecast, by Component, 2017-2031

Figure 84: Latin America Automotive Digital Key Market Attractiveness, by Component , 2021-2031

Figure 85: Latin America Automotive Digital Key Market Value (US$ Mn) Forecast, by Application, 2017-2031

Figure 86: Latin America Automotive Digital Key Market Attractiveness, by Application , 2021-2031

Figure 87: Latin America Automotive Digital Key Market Value (US$ Mn) Forecast, by Connectivity, 2017-2031

Figure 88: Latin America Automotive Digital Key Market Attractiveness, by Connectivity , 2021-2031

Figure 89: Latin America Automotive Digital Key Market Value (US$ Mn) Forecast, by Hardware, 2017-2031

Figure 90: Latin America Automotive Digital Key Market Attractiveness, by Hardware , 2021-2031

Figure 91: Latin America Automotive Digital Key Market Value (US$ Mn) Forecast, by Technology, 2017-2031

Figure 92: Latin America Automotive Digital Key Market Attractiveness, by Technology , 2021-2031

Figure 93: Latin America Automotive Digital Key Market Value (US$ Mn) Forecast, by Vehicle Type, 2017-2031

Figure 94: Latin America Automotive Digital Key Market Attractiveness, by Vehicle Type , 2021-2031

Figure 95: Latin America Automotive Digital Key Market Value (US$ Mn) Forecast, by Sales Channel, 2017-2031

Figure 96: Latin America Automotive Digital Key Market Attractiveness, by Sales Channel , 2021-2031

Figure 97: Latin America Automotive Digital Key Market Value (US$ Mn) Forecast, by Country and Sub-region, 2017-2031

Figure 98: Latin America Automotive Digital Key Market Attractiveness, by Country and Sub-region , 2021-2031

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Automotive Digital Key Market