Asia Pacific Automotive Smart Key Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

APAC Automotive Smart Key Industry Overview

The Asia-Pacific Automotive Smart Key market is dominated by players such as Denso Corporation, Tokai Rika Co, Ltd., Continental AG, ZF Friedrichshafen AG, and Valeo SA. These Companies are expanding their business by offering smart key solutions, so that they can have edge over their competitors. Various initiatives, as well as product innovations done by these companies have led them to strengthen their presence in the market.

• In March 2020, Tokai Rika Co. Ltd and Kimura Unity Co., Ltd had started joint demonstration tests of a digital key system-based service for company vehicles. The digital key is installed in mobile application, which is transmitted to the user's smartphone and used to lock or unlock the doors. This allows the use of company vehicles without the need to hand over and reduce the usage of traditional keys.
• In September 2019, Continental AG had installed its smartphone key access solution in Honda automobiles. Continental's CoSmA solution will enable Honda owners to open the vehicle or share the key with others using just their smartphone. Using the My Honda+ App, they can unlock the vehicle remotely via Bluetooth Low Energy (BLE).
• In December 2019, Denso Corporation has announced its joint venture with NTT Communications for developing vehicle security technology for connected cars.