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Home›Geo data›Automotive Digital Key Market Expected to Grow USD 640.39 Million | Standardizing the Use of Smart Devices as Keys to Drive Market Growth | Technavio

Automotive Digital Key Market Expected to Grow USD 640.39 Million | Standardizing the Use of Smart Devices as Keys to Drive Market Growth | Technavio

By Lewis Dunn
February 26, 2022
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  • Total Pages: 120
  • Companies: 10+ – Including BMW AG, Continental AG, Daimler AG, Ford Motor Co., General Motors Co., Giesecke + Devrient GmbH. HELLA GmbH and Co. KG, Hyundai Motor Co., Infineon Technologies AG, Robert Bosch GmbH, RoboArt Inc., Samsung Electronics Co. Ltd., STMicroelectronics NV, Telefonaktiebolaget LM Ericsson, Tesla Inc., Toyota Motor Corp., Valeo SA, Volkswagen AG, Volvo Car Corp., Apple Inc., DENSO Corp. among others.
  • Blanket: Main Drivers, Trends and Challenges; Product information and news; Value chain analysis; Parent market analysis; Vendor landscape.
  • segments: Application (personal use and car sharing and car rental) and geography (Europe, North AmericaACPA, South Americaand the Middle East and Africa).

Learn more about market dynamics. Download our FREE sample report

According to recent Technavio market research, the automotive digital key market is expected to grow by USD 640.39 million from 2021 to 2026, at an accelerated CAGR of 6.25%. The report provides a detailed analysis of drivers and opportunities, top winning strategies, competitive scenario, future market trends, market size and estimates, and major investment pockets.

Download a FREE sample: for more information on the key regions of Europe

Top 3 Vendor Analysis of Automotive Digital Key Market

Automotive Digital Key market is fragmented and the vendors are deploying growth strategies such as focusing on delivering product through multiple distribution channels to compete in the market. Companies use mergers, expansions, acquisitions, and partnerships, as well as new product development, as strategic tactics to increase their brand visibility.

Daimler.com: Offers a wide range of products such as payment solution, subscription management, APIs and integrations.

Ford.com: Offers a wide range of solutions such as selling physical products, selling digital products, optimizing B2B sales.

Gi-de.com: Fenix ​​offers an industry-aligned execution framework that helps organizations rewire their core DNA to achieve digital transformation goals.

If you purchase an updated report within the next 60 days, we’ll send you the new edition and data extract FREE! Get an overview of the report here to get a detailed analysis of the market share of the market players: https://www.technavio.com/report/automotive-digital-key-market-industry-analysis

Automotive Digital Key Market 2022-2026: Segmentation

The Automotive Digital Key Market is segmented as follows:

  • Application
    • Personal use
    • Car sharing and car rental
  • Geography
    • Europe
    • North America
    • APAC
    • South America
    • AEM

Download our FREE sample report for more key highlights on regional market segmentation of the country mentioned above.

Latest drivers and trends driving the market-

  • Automotive Digital Key Market Key Driver:
    • Standardization for using smart devices as keys:
      • The need to standardize technical standards and the security offered when accessing vehicles via smart devices is driving groups like the Car Connectivity Consortium (CCC) to strive for security and standardization. The CCC has made this effort using existing standard technologies such as the Global Platform, the Special Group Mobile Association (GSMA), Bluetooth and NFC.
  • Key Automotive Digital Key Market Trend:
    • the use of smart wearable devices as digital keys:
      • Using a smartphone to access a digital key is still in its infancy. However, some manufacturers have started to include digital key accessibility in smart wearable devices. For example, Jaguar Land Rover introduced the Activity Key, a new smart wearable. Also, Apple Inc. introduced digital car keys in June 2020, allowing iPhone or Apple Watch users to unlock cars wirelessly. Over the next few years, the trend of adopting smart wearable devices as digital keys would positively benefit the global automotive digital key market.

Find additional information on various other market drivers and trends mentioned in our Sample FREE Report.

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Automotive Ethernet Market by Application and Geography – Forecast and Analysis 2022-2026: Automotive Ethernet market share is expected to grow USD 3.49 billion from 2021 to 2026, at a CAGR of 20.22%. Download an exclusive free sample report

Automotive Digital Key Market Scope

Report cover

Details

Page number

120

Year of reference

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 6.25%

Market Growth 2022-2026

$640.39 million

Market structure

Fragmented

Annual growth (%)

6.02

Regional analysis

Europe, North America, APAC, South America, Middle East and Africa

Successful market contribution

Europe at 46%

Main consumer countries

United States, Canada, China, Germany, United Kingdom and Sweden

Competitive landscape

Leading Companies, Competitive Strategies, Consumer Engagement Reach

Profiled Key Companies

BMW AG, Continental AG, Daimler AG, Ford Motor Co., General Motors Co., Giesecke + Devrient GmbH, HELLA GmbH and Co. KG, Hyundai Motor Co., Infineon Technologies AG, Robert Bosch GmbH, RoboArt Inc., Samsung Electronics Co. Ltd., STMicroelectronics NV, Telefonaktiebolaget LM Ericsson, Tesla Inc., Toyota Motor Corp., Valeo SA, Volkswagen AG, Volvo Car Corp., Apple Inc. and DENSO Corp.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID-19 Impact and Recovery Analysis and Future Consumer Dynamics, Market Status Analysis market for the forecast period

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents

Abstract

Market landscape

Market sizing

  • Market definition
  • Market segment analysis
  • Market size 2021
  • Market outlook: forecast for 2021-2026

Five forces analysis

  • Summary of the five forces
  • The bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new entrants
  • The threat of substitutes
  • Threat of rivalry
  • Market state

Market segmentation by application

  • Market segments
  • Comparison by application
  • Personal use – Market size and forecast 2021-2026
  • Car sharing and car rental – Market size and forecast 2021-2026
  • Market Opportunity by Application

Customer landscape

Geographic landscape

  • Geographic segmentation
  • Geographic comparison
  • Europe – Market size and forecast 2021-2026
  • North America – Market size and forecast 2021-2026
  • APAC – Market size and forecast 2021-2026
  • South America – Market size and forecast 2021-2026
  • Middle East and Africa – Market size and forecast 2021-2026
  • United States – Market size and forecast 2021-2026
  • Germany – Market size and forecast 2021-2026
  • United Kingdom – Market size and forecast 2021-2026
  • Sweden – Market size and forecast 2021-2026
  • Canada – Market size and forecast 2021-2026
  • China – Market size and forecast 2021-2026
  • Market Opportunity by Geography

Drivers, challenges and trends

  • Market factors
  • Market challenges
  • Impact of drivers and challenges
  • Market trends

Supplier Landscape

  • Overview
  • Supplier Landscape
  • Landscape disturbance
  • Industrial risks

Vendor analysis

  • Suppliers Covered
  • Positioning on the supplier market
  • BMW AG
  • Continental AG
  • Daimler S.A.
  • DENSO Corp.
  • Hyundai Motor Co.
  • Robert Bosch GmbH
  • Samsung Electronics Co.Ltd.
  • Tesla Inc.
  • Valeo SA
  • Volkswagen AG

appendix

  • Report scope
  • Checklist of inclusions and exclusions
  • Currency conversion rates for the US dollar
  • Research methodology
  • Abreviations list

About Us
Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 industry analysts, Technavio’s library of reports Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. Technavio’s exploitable market to identify opportunities in existing and potential markets and assess their competitive positions in changing market scenarios.

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