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

North America Automotive Smart Key Industry Overview

The North America automotive smart key market is dominated by players such as Continental AG, Denso Corporation, HELLA GmbH & Co. KGaA, Tokai Rika Co. Ltd, and ZF Friedrichshafen AG. 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 February 2020, HELLA GmbH & Co. KGaA had introduced latest 77 GHz radar technology into series production in spring 2020. This concept enables efficient implementation of NCAP applications and automated driving functions. The radar sensor technology is a key technology for the realisation of assisted and automated driving functions.
• 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 allowsthe use of company vehicles without the need to hand over and reduce the usage of traditional keys.
• In September 2017, Continental AG had announced its Key-as-a-Service portfolio led to car owners possessing the ability to access cloud-based solutions, like Continental Smart Access (CoSmA) and Remote Cloud Key (RCK). This solution shall help owners to secure keyless vehicle access, as well as authorization, just by making use of a smart device, such as a smartphone.