Insights Into The Global Automotive Smart Key Market 2022-2031 Forecast Period
The Business Research Company’s Automotive Smart Key Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026
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As per The Business Research Company’s “Automotive Smart Key Global Market Report 2022”, the global automotive smart key market is predicted to reach a value of $12.81 billion in 2022 at a compound annual growth rate (CAGR) of 5.42%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The automotive smart key market 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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Key Trends In The Automotive Smart Key Market
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. For instance, in March 2021, BMW, a German automobile company, announced the introduction of ultra-wideband technology in their cars. Ultra-Wideband is a short-range wireless communication that uses radio waves, just like Bluetooth or Wi-Fi. However, it improves both the application possibilities as well as the security levels of similar radio technologies. Using this ultra-wideband technology, users can easily unlock and lock vehicles remotely. BMW will bring this technology to their new model of car, the BMW iX, to power the BMW Digital Key Plus.
Automotive Smart Key Market Overview
The automotive smart key global 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.
Learn more on the global automotive smart key market report at:
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Automotive Smart Key Global Market Report 2022 from TBRC covers the following information:
Market Size Data
• Forecast period: Historical and Future
• By region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• By countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Market Segmentation
• By Component: Solution, Services
• By Deployment: Cloud-Based, On-Premise
• By Application: Wi-Fi Presence Analytics, Wi-Fi Marketing Analytics
• By Industry Vertical: Retail, Hospitality And Tourism, Sports And Entertainment, Transportation, Healthcare, Other Industry Verticals
• By Geography: The global automotive smart key market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America holds the largest share in the market.
Major market players such as TOKAI RIKA CO., Continental AG, Denso Corp, Alfa Corp., ZF Friedrichshafen AG, Valeo, Bosch, Mitsubishi, Alps Electric, Delphi, Hella kgaa, Visteon Corporation
Trends, opportunities, strategies and so much more.
Automotive Smart Key Global Market Report 2022 is one of The Business Research Company’s comprehensive reports that provides in-depth automotive smart key market research. The market report analyzes automotive smart key market size, automotive smart key global market growth drivers, automotive smart key global market segments, automotive smart key global market major players, automotive smart key market growth across geographies, and automotive smart key market competitors’ revenues and market positioning. The automotive smart key global market report enables you to gain insights on opportunities and strategies, as well as identify countries and segments with the highest growth potential.
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