Automotive Digital Key Market 2020-2024 | Vulnerability in Existing Keyless Entry Systems to Boost Growth | Technavio

Technavio has been monitoring the automotive digital key market and it is poised to grow by 1.45 million units during 2020-2024, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Automotive Digital Key Market 2020-2024 (Graphic: Business Wire)

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BMW AG, Continental AG, Daimler AG, DENSO Corp., Hyundai Motor Co., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Tesla Inc., Valeo SA, and Volkswagen AG are some of the major market participants. The vulnerability in existing keyless entry systems will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Vulnerability in existing keyless entry systems has been instrumental in driving the growth of the market.

Automotive Digital Key Market 2020-2024: Segmentation

Automotive Digital Key Market is segmented as below:

• Application
  • Personal Use
  • Car Sharing and Car Rental
• Geography
  • Europe
  • North America
  • APAC
  • South America
  • MEA

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Automotive Digital Key Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our automotive digital key market report covers the following areas:

• Automotive Digital Key Market Size
• Automotive Digital Key Market Trends
• Automotive Digital Key Market Industry Analysis

This study identifies demand for car-sharing and car rental services as one of the prime reasons driving the automotive digital key market growth during the next few years.

Automotive Digital Key Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the automotive digital key market, including some of the vendors such as BMW AG, Continental AG, Daimler AG, DENSO Corp., Hyundai Motor Co., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Tesla Inc., Valeo SA, and Volkswagen AG. Backed with competitive intelligence and benchmarking, our research reports on the automotive digital key market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Automotive Digital Key Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist automotive digital key market growth during the next five years
• Estimation of the automotive digital key market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive digital key market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automotive digital key market vendors

Table Of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis
• Industry innovations:

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Application

• Market segments
• Comparison by Application
• Personal use - Market size and forecast 2019-2024
• Car sharing and car rental - Market size and forecast 2019-2024
• Market opportunity by Application

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• Europe - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• BMW AG
• Continental AG
• Daimler AG
• DENSO Corp.
• Hyundai Motor Co.
• Robert Bosch GmbH
• Samsung Electronics Co. Ltd.
• Tesla Inc.
• Valeo SA
• Volkswagen AG

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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