Market Overview:
The global car key chips market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for advanced security features in cars and the rising trend of vehicle thefts. In addition, the growing demand for electric and hybrid vehicles is also contributing to the growth of this market. The global car key chips market can be segmented on the basis of type into remote key chip and keyless startup chip. The remote key chip segment is expected to account for a larger share of this market than the keyless startup chip segment during the forecast period. This can be attributed to its growing popularity among consumers owing to its enhanced security features compared with traditional keys. On the basis of application, this market can be divided into commercial cars and passenger cars segments.
Product Definition:
A car key chip is a small electronic device that is inserted into the head of a car key. The chip contains a unique code that is used to start the car. The chip also contains other important information, such as the vehicle's identification number (VIN) and the date of manufacture.
Remote Key Chip:
The global remote key chip market size was valued at USD 2.5 billion in 2015 and is expected to grow at a CAGR of XX% from 2016 to 2024. The growth can be attributed to the increasing demand for convenience features in vehicles along with growing security concerns among consumers regarding their vehicle’s security.
Remote key chips are embedded inside the car keys that help in providing access codes for opening doors, starting the engine,.
Keyless Startup Chip:
The car key chip is a small circuit that is built into the steering wheel or dashboard of a car. It contains information such as the vehicle identification number, make and model of the vehicle, and other security information which allows access to authorized users only. The technology used in these chips varies according to their size, location (in dashboards or steering wheels), and function (for all cars or luxury cars).
Application Insights:
The commercial vehicles segment dominated the global car key chips market in 2017 and is expected to maintain its lead over the forecast period. The growth of this segment can be attributed to increasing demand for trucks, buses, coaches and other such vehicles for transport of goods across countries. Moreover, governments are encouraging manufacturers by offering subsidies on electric cars that run on fuel cell technology with a hydrogen station network. This will increase demand further over the coming years.
Keyless entry system is becoming an essential tool for vehicle owners who have more than one vehicle or mobile homes equipped with remote door locking systems as it provides convenience while entering or exiting a parked car or home without having to use keys every time.
Passenger cars are considered as one of the most purchased products worldwide owing to their ability provide comfort.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position over the forecast period. This can be attributed to increasing car key theft and growing adoption of smart cars with keyless entry and start systems. Asia Pacific is estimated to be the fastest-growing regional market from 2018 to 2030 owing to rising disposable income, improving standard of living, expanding middle class population pool, and rapid urbanization across countries such as India and China.
Growth Factors:
- Increasing demand for advanced security features in vehicles
- Growing number of car thefts and subsequent increase in demand for car key chips with advanced security features
- Proliferation of smart cars and the increasing use of car key chips for vehicle authentication and authorization purposes
- Rising demand from the automotive aftermarket segment
- Technological advancements that are resulting in the development of more sophisticated car key chips
Scope Of The Report
Report Attributes
Report Details
Report Title
Car Key Chips Market Research Report
By Type
Remote Key Chip, Keyless Startup Chip
By Application
Commercial Cars, Passenger Cars
By Companies
NXP Semiconductors, Texas Instruments, Microchip, STMicroelectronics, NXP Semiconductors
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
140
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Car Key Chips Market Report Segments:
The global Car Key Chips market is segmented on the basis of:
Types
Remote Key Chip, Keyless Startup Chip
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Cars, Passenger Cars
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- NXP Semiconductors
- Texas Instruments
- Microchip
- STMicroelectronics
- NXP Semiconductors
Highlights of The Car Key Chips Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Remote Key Chip
- Keyless Startup Chip
- By Application:
- Commercial Cars
- Passenger Cars
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Car Key Chips Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Car key chips are a type of security chip that is embedded in car keys. They allow the owner of the key to unlock their car and start the engine without having to remember or carry around their personal key.
Some of the major companies in the car key chips market are NXP Semiconductors, Texas Instruments, Microchip, STMicroelectronics, NXP Semiconductors.
The car key chips market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Car Key Chips Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Car Key Chips Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Car Key Chips Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Car Key Chips Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Car Key Chips Market Size & Forecast, 2018-2028
4.5.1 Car Key Chips Market Size and Y-o-Y Growth
4.5.2 Car Key Chips Market Absolute $ Opportunity
Chapter 5 Global Car Key Chips Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Car Key Chips Market Size Forecast by Type
5.2.1 Remote Key Chip
5.2.2 Keyless Startup Chip
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Car Key Chips Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Car Key Chips Market Size Forecast by Applications
6.2.1 Commercial Cars
6.2.2 Passenger Cars
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Car Key Chips Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Car Key Chips Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Car Key Chips Analysis and Forecast
9.1 Introduction
9.2 North America Car Key Chips Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Car Key Chips Market Size Forecast by Type
9.6.1 Remote Key Chip
9.6.2 Keyless Startup Chip
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Car Key Chips Market Size Forecast by Applications
9.10.1 Commercial Cars
9.10.2 Passenger Cars
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Car Key Chips Analysis and Forecast
10.1 Introduction
10.2 Europe Car Key Chips Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Car Key Chips Market Size Forecast by Type
10.6.1 Remote Key Chip
10.6.2 Keyless Startup Chip
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Car Key Chips Market Size Forecast by Applications
10.10.1 Commercial Cars
10.10.2 Passenger Cars
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Car Key Chips Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Car Key Chips Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Car Key Chips Market Size Forecast by Type
11.6.1 Remote Key Chip
11.6.2 Keyless Startup Chip
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Car Key Chips Market Size Forecast by Applications
11.10.1 Commercial Cars
11.10.2 Passenger Cars
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Car Key Chips Analysis and Forecast
12.1 Introduction
12.2 Latin America Car Key Chips Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Car Key Chips Market Size Forecast by Type
12.6.1 Remote Key Chip
12.6.2 Keyless Startup Chip
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Car Key Chips Market Size Forecast by Applications
12.10.1 Commercial Cars
12.10.2 Passenger Cars
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Car Key Chips Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Car Key Chips Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Car Key Chips Market Size Forecast by Type
13.6.1 Remote Key Chip
13.6.2 Keyless Startup Chip
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Car Key Chips Market Size Forecast by Applications
13.10.1 Commercial Cars
13.10.2 Passenger Cars
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Car Key Chips Market: Competitive Dashboard
14.2 Global Car Key Chips Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NXP Semiconductors
14.3.2 Texas Instruments
14.3.3 Microchip
14.3.4 STMicroelectronics
14.3.5 NXP Semiconductors
