How big is the Automotive Smart Key Market?

The Automotive Smart Key Market size is expected to reach USD 7.90 billion in 2024 and grow at a CAGR of 8.88% to reach USD 12.09 billion by 2029. Read More

What is the current Automotive Smart Key Market size?

In 2024, the Automotive Smart Key Market size is expected to reach USD 7.90 billion. Read More

Who are the key players in Automotive Smart Key Market?

Tokai Rika Co. Ltd, Continental AG, Denso Corp, ZF Friedrichshafen AG and Alpha Corp. are the major companies operating in the Automotive Smart Key Market. Read More

Which is the fastest growing region in Automotive Smart Key Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Automotive Smart Key Market?

In 2024, the Asia Pacific accounts for the largest market share in Automotive Smart Key Market. Read More

What years does this Automotive Smart Key Market cover, and what was the market size in 2023?

In 2023, the Automotive Smart Key Market size was estimated at USD 7.20 billion. The report covers the Automotive Smart Key Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Smart Key Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Automotive Smart Key Market Size & Share Analysis - Industry Research Report

Automotive Smart Key Market - Growth, Trends, COVID-19 Impact, and Forecasts (2024 - 2029)

The Automotive Smart Key Market Report is Segmented by Application (Single Function and Multi-Function), Technology (Remote Keyless Entry and Passive Keyless Entry), Installation (OEM and Aftermarket), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Report Offers the Market Size in Value (USD) and Forecasts for all the Above Segments.

Automotive Smart Key Industry Overview

The automotive smart key market is fragmented, with various players existing in the market. Tokai Rika Co. Ltd is the leading player in the automotive smart key market. Additionally, Tokai Rika, Denso, and Alpha Corporation have been the major suppliers of electronic keys/smart keys/keyless systems to Toyota and Nissan in Japan. Various initiatives and product innovations by the companies have led them to strengthen their presence in the market.

April 2023: Car Keys Express introduced an innovative solution for hardware retailers with the launch of their first fully automated 'hands-free' car key duplication machines named 'Keys NOW!'. These machines are designed to streamline the process of car key duplication and programming, removing the challenges that hardware retailers previously faced in the modern car key market. The Keys NOW! system features an automated key duplication process and allows consumers to easily pair their new keys using a convenient app-based interface, facilitating a more efficient and user-friendly experience.
July 2022: Toyota Australia announced significant performance and capability enhancements to its flagship HiLux Rogue 4x4 pick-up. On automatic SR5 grades and higher, the steering column lock was replaced by an ID Box anti-theft immobilizer, which adds an extra level of security when starting the car with a smart key.