Pune, India -- (SBWIRE) -- 03/20/2018 -- Automotive Smart Key Market Size, Share, Trends Analysis Research Report 2018 of 110 pages expands comprehensive information on Global Automotive Smart Key Market by Technology (Infra-Red Sensor, Transmission and Other), By End Market (OEM and Aftermarket) – Forecast to 2023. Market is expected to reach at the market size of USD 22 billion by the end of forecast period with CAGR of 5.9% between 2017 and 2023.

Recently Toyota Motor Corporation, a Japanese multinational automotive manufacturer invented a smart key box, which turns a smartphone into a car key. The company invented a Bluetooth-enabled device that allows users to unlock and start the engine of a car using just their smartphone.

Automotive Smart Key Market Companies Analyzed in report are:

Denso Corporation (Japan), Valeo (France) ,TRW Automotive (U.S.), Continental AG (Germany), HELLA KGaA Hueck & Co.( Germany), Hyundai Mobis(India), Visteon Corporation (U.S.), Silca S.p.A. (Italy), Toyota Motor Corporation (Japan) and ALPHA Corporation.

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Automotive Smart Key Market Highlights:

Automotive smart key market is highly application driven and systems are gaining popularity across end users and technologies such as Infra-Red Sensor, Transmission and Others. Technological advancements along with the demand for convenience are the key factors are driving the growth of automotive smart key market. Asia-Pacific is estimated to account for the largest share of the automotive smart key system market. This can mainly be attributed to the rising vehicle production and the increasing installation of safety features in passenger cars, commercial vehicles. Additionally, high demand from customers and high purchasing power has upped the demand for vehicles and boosted the market for automotive smart key. The Europe and North American market are expected to experience a steady level of growth.

Automotive smart key is a computerized key, which locks and unlocks a vehicle without using the conventional key and pressing the buttons on the remote or smart key. It is segmented into two segments: Technology and End Market. On the basis of Technology, it is segmented into Infra-Red Sensor, Transmission and Other. On the basis of end market it is segmented into OEM and Aftermarket. Aftermarket accounted for the largest market share. Aftermarket is generally the secondary market for automotive concerned with manufacturing, distribution, retailing and installation of vehicle parts.

Geographic Analysis:

This study provides an overview of the global automotive Smart key market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive Smart key market by its platform, by application, by payload, and by region

Target Audience of Report:

This report mainly focuses on Automotive Smart Key manufacturers, Distributer & Supplier companies, and end Users. Investment bankers and consultants with end user for Automotive Smart Key market also analyzed. And finally Government and Independent Regulatory Authorities involved with Global Automotive Smart Key market are studied in this report.

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Global Automotive Smart Key market Research Insights:

The report for Global Automotive Smart Key Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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