Learn about the global automotive smart key market through The Business Research Company, which provides information on automotive smart key market size, automotive smart key market drivers and restraints, automotive smart key market players, the COVID-19 impact on the automotive smart key market, and more.

The global automotive smart key market size is expected to grow from $12.15 billion in 2021 to $12.81 billion in 2022 at a compound annual growth rate (CAGR) of 5.42%. The growth in the market is mainly due to the companies’ resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global automotive smart keys market size is expected to reach $15.86 billion in 2026 at a CAGR of 5.49%.

The increasing demand for luxury cars is expected to propel the growth of the automotive smart key market.

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The automotive smart key market consists of sales of automotive smart keys by entities (organizations, sole traders, and partnerships) that refer to a computerised key that uses radio waves to communicate with its associated vehicle through one of the self-embedded antennas. Automotive smart keys allow users to unlock, lock, or start a vehicle electronically, without the use of a physical ignition.

Global Automotive Smart Key Market Segments Include:

By Type: Passive Key Less Access, Remote Key Less Access

By Installation: OEM, After Market

By Application: Single Function, Multi-Function
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the automotive smart key market in 2021.

Technological advancements are a key trend gaining popularity in the automotive smart key market. Major companies operating in the automotive smart key are focused on developing new technological solutions to strengthen their position.

TBRC’s automotive smart key market report covers:

Major Market Players: TOKAI RIKA CO., Continental AG, Denso Corp, Alfa Corp., ZF Friedrichshafen AG, Valeo, Bosch, Mitsubishi, Alps Electric, Delphi, Hella kgaa, Visteon Corporation, Toyota, and Calsonic Kansei

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Automotive Smart Key Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides automotive smart key market overviews, analyzes and forecasts market size, share, automotive smart key market players, automotive smart key market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s automotive smart key market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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