Market Overview:
The global smart key market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for smart home applications and automobiles, and the rising trend of using advanced security features in these applications. In terms of type, the capacitive sensor technology segment is expected to hold a major share of the global smart key market during the forecast period. This can be attributed to its growing demand for use in smartphones and other consumer electronics products. In terms of application, the automotive segment is expected to hold a major share of the global smart key market duringthe forecast period.
Product Definition:
A Smart Key is a keyless entry system that uses an electronic transponder in the key to unlock the door. The Smart Key is also used to start the engine.
Capacitive Sensor Technology:
The capacitive sensor technology is used in smart key systems to sense the presence and the touch of a human finger. The technology has been around for more than two decades, but its usage has increased significantly owing to features such as enhanced sensing, multi-touchscreens and gesture recognition on mobile phones and tablets.
The growth factor in the capacitive sensor market is increasing demand from consumer electronics manufacturers such as Samsung Electronics Co., Ltd., LG Electronics Inc.
Infra-Red Sensor Technology:
Infra-Red Sensor Technology and it's usage in Smart Key market is a study of the physical features of an object using infrared light. Infrared sensors are used to measure the distance between objects, heat sources or temperature differences, etc. The technology has been around for many years but has only recently started to gain popularity due to its use in consumer electronics such as remote controls and security systems.
Application Insights:
The automobile segment accounted for the largest revenue share in 2016 and will continue to dominate the market over the forecast period. The rising need for keyless access systems in automobiles is driving their adoption across various vehicle models. Moreover, a growing number of smart home installations across various applications such as front door lock, car ignition and doors, home security & safety are expected to drive demand over the forecast period.
The other application segment includes office building access control systems, building management system (BMS), inter-building communication system among others which are gaining popularity due to increasing penetration of IoT technologies.
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to the presence of prominent players such as Bosch, Honeywell International Inc., and Nest Labs. These companies are actively involved in developing new products and enhancing their product portfolio to gain a competitive edge. For instance, in January 2018, Honeywell International Inc., a multinational conglomerate headquartered in Atlanta, Georgia has introduced its new line of smart home security systems under the brand name ‘Honeywell Total Connected Home’.
Growth Factors:
- Increasing demand for advanced security features in vehicles
- Growing popularity of keyless entry and start systems
- Proliferation of connected cars and the internet of things (IoT)
- Rising demand for luxury cars and SUVs
- Emergence of new players in the smart key market
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Key Market Research Report
By Type
Capacitive Sensor Technology, Infra-Red Sensor Technology
By Application
Smart Home, Automobile, Other
By Companies
Daedong, Continental, Hyundai Mobis, Tokai Rika, Alpha, Kwikset Kevo, Denso, Silca, Guangzhou Guangpai, Daedong
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
209
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Smart Key Market Report Segments:
The global Smart Key market is segmented on the basis of:
Types
Capacitive Sensor Technology, Infra-Red Sensor Technology
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
Smart Home, Automobile, Other
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:
- Daedong
- Continental
- Hyundai Mobis
- Tokai Rika
- Alpha
- Kwikset Kevo
- Denso
- Silca
- Guangzhou Guangpai
- Daedong
Highlights of The Smart Key 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:
- Capacitive Sensor Technology
- Infra-Red Sensor Technology
- By Application:
- Smart Home
- Automobile
- Other
- 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 Smart Key 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Smart Key is a feature that allows you to unlock your car with just the right touch. It's a keyless entry system that uses a code or password to open the car.
Some of the major companies in the smart key market are Daedong, Continental, Hyundai Mobis, Tokai Rika, Alpha, Kwikset Kevo, Denso, Silca, Guangzhou Guangpai, Daedong.
The smart key market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Key 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 Smart Key Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Key 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 Smart Key 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 Smart Key Market Size & Forecast, 2020-2028
4.5.1 Smart Key Market Size and Y-o-Y Growth
4.5.2 Smart Key Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Capacitive Sensor Technology
5.2.2 Infra-Red Sensor Technology
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Smart Home
6.2.2 Automobile
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Key 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 Smart Key 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Capacitive Sensor Technology
9.6.2 Infra-Red Sensor Technology
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 Market Size Forecast by Applications
9.10.1 Smart Home
9.10.2 Automobile
9.10.3 Other
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Capacitive Sensor Technology
10.6.2 Infra-Red Sensor Technology
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 Market Size Forecast by Applications
10.10.1 Smart Home
10.10.2 Automobile
10.10.3 Other
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Capacitive Sensor Technology
11.6.2 Infra-Red Sensor Technology
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 Market Size Forecast by Applications
11.10.1 Smart Home
11.10.2 Automobile
11.10.3 Other
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Capacitive Sensor Technology
12.6.2 Infra-Red Sensor Technology
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 Market Size Forecast by Applications
12.10.1 Smart Home
12.10.2 Automobile
12.10.3 Other
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Capacitive Sensor Technology
13.6.2 Infra-Red Sensor Technology
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) Market Size Forecast by Applications
13.10.1 Smart Home
13.10.2 Automobile
13.10.3 Other
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 Smart Key Market: Competitive Dashboard
14.2 Global Smart Key Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Daedong
14.3.2 Continental
14.3.3 Hyundai Mobis
14.3.4 Tokai Rika
14.3.5 Alpha
14.3.6 Kwikset Kevo
14.3.7 Denso
14.3.8 Silca
14.3.9 Guangzhou Guangpai
14.3.10 Daedong
