Automotive OEM Key Market by Vehicle Type (Passenger Vehicles, Commercial Vehicles) by Technology (Conventional Key Entry System, Remote Keyless Entry System) by Key Material (Metal & Alloy, Carbon Fiber) by Key Type (Berlin Key, Skeleton Key, Smart Key, Transponder Key, Valet Key, Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Published Date: 15-Feb-2021 Category: Automotive Report Format : PDF Pages: 110 Report Code: ZMR-5822 Status : Published

The automotive OEM key market is set for a rapid growth over the forecast period. In terms of revenue, the global Automotive OEM Key market accounted for USD 232.64 Million in 2019 and is expected to reach USD 340.44 Million by 2026, growing at a CAGR of 5.59%

Description

The automotive OEM key market is set for a rapid growth over the forecast period. In terms of revenue, the global Automotive OEM Key market accounted for USD 232.64 Million in 2019 and is expected to reach USD 340.44 Million by 2026, growing at a CAGR of 5.59%

Global Automotive OEM Key Market: Overview

Automotive OEMs may be defined as those manufacturers, developers, and organizations that concentrate on the production of components/devices that are used in automobiles. The components/devices manufactured by these producers are of the best standard and use high quality commodities. These parts are used in the manufacturing of vehicles during the production and assembly of the complete vehicle.

The increase in the buying power of the global population has fueled the consumption of vehicles, boosting the production of automobiles. Subsequently, this rise in automotive production has expanded the market for automotive key solutions from auto manufacturers, driving the automotive OEM key market worldwide. Recent advancements in the automotive industry, along with the increasing popularity of self-employed vehicles and shared mobility services, have changed the conventional approach of vehicle safety solutions from physical keys to virtual keys stored in vehicle owners' smart devices. This has a negative impact on the automotive OEM key market.

Global Automotive OEM Key Market: Growth Factors

Steady growth in employment levels, industrialization and other such factors have inflated the growth rate of the global population. This rise in disposable income has improved the sale of automobiles and, therefore, the production of vehicles. The increase in the production and consumption of vehicles around the globe has strengthened the automotive OEM key market.

Insurance firms develop their car insurance plans and insurance rates on the basis of the vehicle's model and safety standards. Several customers choose to use these lower premium rates for vehicles with high-tech key solutions, thus driving the automotive OEM key market across the globe.

A rise in vehicle safety awareness in the light of an increase in vehicle theft incidents globally has contributed to an increase in spending on advanced key solutions. The increased inclination of automotive customers towards highly safe key solutions is boosting the demand for global automotive OEM key market.

Various government policies, the decline in vehicle loan interest rates and trade deals between different nations have led to the expansion of the automotive industry, thereby fueling the market growth globally.

Changing consumer preferences coupled with technological developments has led to the advent of contactless smart key solutions that allow vehicle owners to perform multiple activities other than opening the door and switching vehicle's ignition.

Vehicles with electronic key fobs reduce the challenge of looking for keys when boarding or exiting vehicles. Automotive OEM key manufacturers are growing their research & development resources in key fobs that helps the customer to unlock the vehicle from a very long distance. They are developing engine’s push and hold start/stop buttons to avoid looking around for inserting a key in the ignition in order to get the vehicle moving.

The emergence of electric and hybrid vehicles contributes to the development of the automotive OEM key industry. On the other hand, car manufacturers such as Mercedes-Benz are gaining momentum in keyless technology by revealing their transponder installed into a vehicle that detects the driver's key.

Impact due to the outbreak of COVID-19

Car producers across the globe are witnessing tentative signs of progress in vehicle sales following the coronavirus disease outbreak. However, stakeholders in the auto industry are also worried about the long-term demand recovery. As a result, automotive OEM key manufacturers are betting on technological advances, such as the implementation of remote keyless entry systems to limit the spread of the novel coronavirus.

Advancements in COVID-19 vaccines are continuing, stimulating vehicle sales in the first and second quarters of 2020. The re-opening of production plants and fully operating facilities with workers working at breakneck rates to strengthen car prices and demand are tactics used by car manufacturers. Such measures are becoming important to revive the growth of the automotive OEM key market, as cars and other vehicles come under the group of non-essential products.

Global Automotive OEM Key Market: Segmentation

The global automotive OEM key market has been segmented based on vehicle type, key type, key material, technology, and region. Based on the key type, the smart key segment retained a dominant market share in the automotive OEM key market in 2019, owing to its high degree of protection, flexibility in operation and multiple functionalities provided by these smart keys.

Smart keys are one of the most prominent innovations in the automotive industry, making cars safer and highly skilled for owners. Innovative sensors play a vital role in the smart key technology market. Automotive OEM key manufacturers are increasing the production of smart key systems that can disconnect vehicle’s immobilizer and trigger the ignition without inserting the key into the ignition.

On the basis of vehicle type, the passenger vehicles module held a significant share of the global automotive OEM key market, due to the rising development and demand for passenger vehicles across the globe

On the basis of technology, remote key less entry systems are expected to have a higher revenue share compared to traditional key entry systems. With the advent of digital car keys, this trend is expected to increase. Thales Group—a French multinational corporation that designs and develops electrical systems, is switching its R&D focus to virtual car keys that effortlessly unlock smartphone-based vehicles.

In terms of key material, the carbon fiber segment held a leading share in 2019. It is expected to retain its dominance over the forecast era. Carbon fiber keys are lightweight and have a high strength, making them extremely convenient for carrying and handling. These attributes of carbon fiber content are boosting its share of the global automotive OEM key market.

Global Automotive OEM Key Market: Regional Analysis

By Geography, the automotive OEM key market is segmented into North America, Europe, Latin America, Asia Pacific, and Middle East and Africa.

Asia - pacific dominated the global automotive OEM key market, followed by Europe. Developing countries in Asia-Pacific, such as China, Japan, India, and South Korea, generate more than 40% of overall automotive production globally, thus boosting the demand for automotive OEM key market.

The North American market is also expected to expand at a significant pace due to the growing emphasis on reducing vehicle pollution that has changed the focus of the automotive industry to electric vehicles, thereby contributing to the demand for the market. With rising environmental issues, governments and environmental agencies are introducing strict emission standards and regulations that will increase the cost of producing electric power trains and fuel-efficient diesel engines in the near future.

Global Automotive OEM Key Market: Competitive Players

The major players in the global automotive OEM key market include Altuna Group, dormakaba Holding, Chiavit (Tornado Group), Credit Card Keys, Continental AG, Garin System Co. Ltd, Heights Security, Inc., Hangzhou Zhengdian Technology Co., Ltd., LOCKMASTERS INCORPORATED, One-Tool Co., Limited, Mitsubishi Electric Corporation, QINGDAO EVERISE INT'L CO., LTD., Runking Technology Co., Ltd, Qinuo Electronics Co., Ltd., and Sakthi Industries among others.

The report segment of global automotive OEM key market are as follows:

Global Automotive OEM Key Market: Vehicle Type Segment Analysis

  • Passenger Vehicles
  • Commercial Vehicles

Global Automotive OEM Key Market: Technology Segment Analysis

  • Conventional Key Entry System
  • Remote Keyless Entry System

Global Automotive OEM Key Market: Key Material Segment Analysis

  • Metal & Alloy
  • Carbon Fiber

Global Automotive OEM Key Market: Key Type Segment Analysis

  • Berlin Key
  • Skeleton Key
  • Smart Key
  • Transponder Key
  • Valet Key
  • Others

Global Automotive OEM Key Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description
      • 1.1.1. Objective
      • 1.1.2. Target Audience
      • 1.1.3. Unique Selling Proposition (USP) & Offerings
    • 1.2. Research Scope
    • 1.3. Research Methodulogy
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodulogy
      • 1.3.3. Level 1: Primary Research
      • 1.3.4. Level 2: Secondary Research
      • 1.3.5. Level 3: Data Validation and Expert Panel Assessment Report Description and Scope
  • Chapter 2. Executive Summary
    • 2.1. Global Automotive OEM Key Market, 2016-2026, (USD Million)
    • 2.2. Automotive OEM Key Market: Market snapshot
  • Chapter 3. Global Automotive OEM Key Market – Industry Analysis
    • 3.1. Introduction
    • 3.2. Industry ecosystem analysis
    • 3.3. Technulogy landscape
    • 3.4. Market Drivers
      • 3.4.1. North America
      • 3.4.2. Europe
      • 3.4.3. Asia Pacific
      • 3.4.4. Latin America
      • 3.4.5. MEA
    • 3.5. Restraints
    • 3.6. Opportunity
    • 3.7. Innovation & sustainability
    • 3.8. Regulatory landscape
    • 3.9. Porter’s Five Forces Analysis
    • 3.10. PESTLE Analysis
    • 3.11. Automotive OEM Key Market: Market Attractiveness Analysis
      • 3.11.1. Market Attractiveness Analysis by Vehicle Type Segment
      • 3.11.2. Market Attractiveness Analysis by Technulogy Segment
      • 3.11.3. Market Attractiveness Analysis by Key Material Segment
      • 3.11.4. Market Attractiveness Analysis by Key Type Segment
  • Chapter 4. Global Automotive OEM Key Market - Competitive Landscape
    • 4.1. Company Market Share Analysis, 2019
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions and Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Cullaborations and Joint Ventures
      • 4.2.4. Research & Development and Regional Expansion
  • Chapter 5. Automotive OEM Key Market – Vehicle Type Segment Analysis
    • 5.1. Global Automotive OEM Key Market Revenue Share, by Vehicle Type, 2019 & 2026 (USD Million)
    • 5.2. Global Automotive OEM Key Market by Passenger Vehicles, 2016 – 2026 (USD Million)
    • 5.3. Global Automotive OEM Key Market by Commercial Vehicles, 2016 – 2026 (USD Million)
  • Chapter 6. Automotive OEM Key Market – Technulogy Segment Analysis
    • 6.1. Global Automotive OEM Key Market Revenue Share, by Technulogy, 2019 & 2026 (USD Million)
    • 6.2. Global Automotive OEM Key Market by Conventional Key Entry System, 2016 – 2026 (USD Million)
    • 6.3. Global Automotive OEM Key Market by Remote Keyless Entry System, 2016 – 2026 (USD Million)
  • Chapter 7. Automotive OEM Key Market – Key Material Segment Analysis
    • 7.1. Global Automotive OEM Key Market Revenue Share, by Key Material, 2019 & 2026 (USD Million)
    • 7.2. Global Automotive OEM Key Market by Metal & Alloy, 2016 – 2026 (USD Million)
    • 7.3. Global Automotive OEM Key Market by Carbon Fiber, 2016 – 2026 (USD Million)
  • Chapter 8. Automotive OEM Key Market – Key Type Segment Analysis
    • 8.1. Global Automotive OEM Key Market Revenue Share, by Key Type, 2019 & 2026 (USD Million)
    • 8.2. Global Automotive OEM Key Market by Berlin Key, 2016 – 2026 (USD Million)
    • 8.3. Global Automotive OEM Key Market by Skeleton Key, 2016 – 2026 (USD Million)
    • 8.4. Global Automotive OEM Key Market by Smart Key, 2016 – 2026 (USD Million)
    • 8.5. Global Automotive OEM Key Market by Transponder Key, 2016 – 2026 (USD Million)
    • 8.6. Global Automotive OEM Key Market by Valet Key, 2016 – 2026 (USD Million)
    • 8.7. Global Automotive OEM Key Market by Others, 2016 – 2026 (USD Million)
  • Chapter 9. Automotive OEM Key Market - Regional Analysis
    • 9.1. Global Automotive OEM Key Market: Regional Overview
      • 9.1.1. Global Automotive OEM Key Market Revenue Share, By Region, 2019 & 2026 (USD Million)
    • 9.2. North America
      • 9.2.1. North America Automotive OEM Key Market Revenue 2016 – 2026 (USD Million)
      • 9.2.2. North America Automotive OEM Key Market Revenue, By Vehicle Type, 2016 – 2026 (USD Million)
      • 9.2.3. North America Automotive OEM Key Market Revenue, By Technulogy, 2016 – 2026 (USD Million)
      • 9.2.4. North America Automotive OEM Key Market Revenue, By Key Material, 2016 – 2026 (USD Million)
      • 9.2.5. North America Automotive OEM Key Market Revenue, By Key Type, 2016 – 2026 (USD Million)
      • 9.2.6. U.S.
        • 9.2.6.1. U.S. Automotive OEM Key Market Revenue, by Vehicle Type, 2016 – 2026 (USD Million)
        • 9.2.6.2. U.S. Automotive OEM Key Market Revenue, by Technulogy, 2016 – 2026 (USD Million)
        • 9.2.6.3. U.S. Automotive OEM Key Market Revenue, by Key Material, 2016 – 2026 (USD Million)
        • 9.2.6.4. U.S. Automotive OEM Key Market Revenue, by Key Type, 2016 – 2026 (USD Million)
      • 9.2.7. Canada
        • 9.2.7.1. Canada Automotive OEM Key Market Revenue, by Vehicle Type, 2016 – 2026 (USD Million)
        • 9.2.7.2. Canada Automotive OEM Key Market Revenue, by Technulogy, 2016 – 2026 (USD Million)
        • 9.2.7.3. Canada Automotive OEM Key Market Revenue, by Key Material, 2016 – 2026 (USD Million)
        • 9.2.7.4. Canada Education & Learning Market Revenue, by Key Type, 2016 – 2026 (USD Million)
      • 9.2.8. Mexico
        • 9.2.8.1. Mexico Automotive OEM Key Market Revenue, by Vehicle Type, 2016 – 2026 (USD Million)
        • 9.2.8.2. Mexico Automotive OEM Key Market Revenue, by Technulogy, 2016 – 2026 (USD Million)
        • 9.2.8.3. Mexico Automotive OEM Key Market Revenue, by Key Material, 2016 – 2026 (USD Million)
        • 9.2.8.4. Mexico Automotive OEM Key Market Revenue, by Key Type, 2016 – 2026 (USD Million)
    • 9.3. Europe
      • 9.3.1. Europe Automotive OEM Key Market Revenue 2016 – 2026 (USD Million)
      • 9.3.2. Europe Automotive OEM Key Market Revenue, By Vehicle Type, 2016 – 2026 (USD Million)
      • 9.3.3. Europe Automotive OEM Key Market Revenue, By Technulogy, 2016 – 2026 (USD Million)
      • 9.3.4. Europe Automotive OEM Key Market Revenue, By Key Material, 2016 – 2026 (USD Million)
      • 9.3.5. Europe Automotive OEM Key Market Revenue, By Key Type, 2016 – 2026 (USD Million)
      • 9.3.6. UK
        • 9.3.6.1. UK Automotive OEM Key Market Revenue, by Vehicle Type, 2016 – 2026 (USD Million)
        • 9.3.6.2. UK Automotive OEM Key Market Revenue, by Technulogy, 2016 – 2026 (USD Million)
        • 9.3.6.3. UK Automotive OEM Key Market Revenue, by Key Material, 2016 – 2026 (USD Million)
        • 9.3.6.4. UK Automotive OEM Key Market Revenue, by Key Type, 2016 – 2026 (USD Million)
      • 9.3.7. France
        • 9.3.7.1. France Automotive OEM Key Market Revenue, by Vehicle Type, 2016 – 2026 (USD Million)
        • 9.3.7.2. France Automotive OEM Key Market Revenue, by Technulogy, 2016 – 2026 (USD Million)
        • 9.3.7.3. France Automotive OEM Key Market Revenue, by Key Material, 2016 – 2026 (USD Million)
        • 9.3.7.4. France Automotive OEM Key Market Revenue, by Key Type, 2016 – 2026 (USD Million)
      • 9.3.8. Germany
        • 9.3.8.1. Germany Automotive OEM Key Market Revenue, by Vehicle Type, 2016 – 2026 (USD Million)
        • 9.3.8.2. Germany Automotive OEM Key Market Revenue, by Technulogy, 2016 – 2026 (USD Million)
        • 9.3.8.3. Germany Automotive OEM Key Market Revenue, by Key Material, 2016 – 2026 (USD Million)
        • 9.3.8.4. Germany Automotive OEM Key Market Revenue, by Key Type, 2016 – 2026 (USD Million)
      • 9.3.9. Italy
        • 9.3.9.1. Italy Automotive OEM Key Market Revenue, by Vehicle Type, 2016 – 2026 (USD Million)
        • 9.3.9.2. Italy Automotive OEM Key Market Revenue, by Technulogy, 2016 – 2026 (USD Million)
        • 9.3.9.3. Italy Automotive OEM Key Market Revenue, by Key Material, 2016 – 2026 (USD Million)
        • 9.3.9.4. Italy Automotive OEM Key Market Revenue, by Key Type, 2016 – 2026 (USD Million)
      • 9.3.10. Spain
        • 9.3.10.1. Spain Automotive OEM Key Market Revenue, by Vehicle Type, 2016 – 2026 (USD Million)
        • 9.3.10.2. Spain Automotive OEM Key Market Revenue, by Technulogy, 2016 – 2026 (USD Million)
        • 9.3.10.3. Spain Automotive OEM Key Market Revenue, by Key Material, 2016 – 2026 (USD Million)
        • 9.3.10.4. Spain Automotive OEM Key Market Revenue, by Key Type, 2016 – 2026 (USD Million)
      • 9.3.11. Russia
        • 9.3.11.1. Russia Automotive OEM Key Market Revenue, by Vehicle Type, 2016 – 2026 (USD Million)
        • 9.3.11.2. Russia Automotive OEM Key Market Revenue, by Technulogy, 2016 – 2026 (USD Million)
        • 9.3.11.3. Russia Automotive OEM Key Market Revenue, by Key Material, 2016 – 2026 (USD Million)
        • 9.3.11.4. Russia Automotive OEM Key Market Revenue, by Key Type, 2016 – 2026 (USD Million)
      • 9.3.12. Rest of Europe
        • 9.3.12.1. Rest of Europe Automotive OEM Key Market Revenue, by Vehicle Type, 2016 – 2026 (USD Million)
        • 9.3.12.2. Rest of Europe Automotive OEM Key Market Revenue, by Technulogy, 2016 – 2026 (USD Million)
        • 9.3.12.3. Rest of Europe Automotive OEM Key Market Revenue, by Key Material, 2016 – 2026 (USD Million)
        • 9.3.12.4. Rest of Europe Automotive OEM Key Market Revenue, by Key Type, 2016 – 2026 (USD Million)
    • 9.4. Asia Pacific
      • 9.4.1. Asia Pacific Automotive OEM Key Market Revenue 2016 – 2026 (USD Million)
      • 9.4.2. Asia Pacific Automotive OEM Key Market Revenue, By Vehicle Type, 2016 – 2026 (USD Million)
      • 9.4.3. Asia Pacific Automotive OEM Key Market Revenue, By Technulogy, 2016 – 2026 (USD Million)
      • 9.4.4. Asia Pacific Automotive OEM Key Market Revenue, By Key Material, 2016 – 2026 (USD Million)
      • 9.4.5. Asia Pacific Automotive OEM Key Market Revenue, By Key Type, 2016 – 2026 (USD Million)
      • 9.4.6. China
        • 9.4.6.1. China Automotive OEM Key Market Revenue, by Vehicle Type, 2016 – 2026 (USD Million)
        • 9.4.6.2. China Automotive OEM Key Market Revenue, by Technulogy, 2016 – 2026 (USD Million)
        • 9.4.6.3. China Automotive OEM Key Market Revenue, by Key Material, 2016 – 2026 (USD Million)
        • 9.4.6.4. China Automotive OEM Key Market Revenue, by Key Type, 2016 – 2026 (USD Million)
      • 9.4.7. Japan
        • 9.4.7.1. Japan Automotive OEM Key Market Revenue, by Vehicle Type, 2016 – 2026 (USD Million)
        • 9.4.7.2. Japan Automotive OEM Key Market Revenue, by Technulogy, 2016 – 2026 (USD Million)
        • 9.4.7.3. Japan Automotive OEM Key Market Revenue, by Key Material, 2016 – 2026 (USD Million)
        • 9.4.7.4. Japan Automotive OEM Key Market Revenue, by Key Type, 2016 – 2026 (USD Million)
      • 9.4.8. India
        • 9.4.8.1. India Automotive OEM Key Market Revenue, by Vehicle Type, 2016 – 2026 (USD Million)
        • 9.4.8.2. India Automotive OEM Key Market Revenue, by Technulogy, 2016 – 2026 (USD Million)
        • 9.4.8.3. India Automotive OEM Key Market Revenue, by Key Material, 2016 – 2026 (USD Million)
        • 9.4.8.4. India Automotive OEM Key Market Revenue, by Key Type, 2016 – 2026 (USD Million)
      • 9.4.9. Australia
        • 9.4.9.1. Australia Automotive OEM Key Market Revenue, by Vehicle Type, 2016 – 2026 (USD Million)
        • 9.4.9.2. Australia Automotive OEM Key Market Revenue, by Technulogy, 2016 – 2026 (USD Million)
        • 9.4.9.3. Australia Automotive OEM Key Market Revenue, by Key Material, 2016 – 2026 (USD Million)
        • 9.4.9.4. Australia Automotive OEM Key Market Revenue, by Key Type, 2016 – 2026 (USD Million)
      • 9.4.10. South Korea
        • 9.4.10.1. South Korea Automotive OEM Key Market Revenue, by Vehicle Type, 2016 – 2026 (USD Million)
        • 9.4.10.2. South Korea Automotive OEM Key Market Revenue, by Technulogy, 2016 – 2026 (USD Million)
        • 9.4.10.3. South Korea Automotive OEM Key Market Revenue, by Key Material, 2016 – 2026 (USD Million)
        • 9.4.10.4. South Korea Automotive OEM Key Market Revenue, by Key Type, 2016 – 2026 (USD Million)
      • 9.4.11. Rest of Asia Pacific
        • 9.4.11.1. Rest of Asia Pacific Automotive OEM Key Market Revenue, by Vehicle Type, 2016 – 2026 (USD Million)
        • 9.4.11.2. Rest of Asia Pacific Automotive OEM Key Market Revenue, by Technulogy, 2016 – 2026 (USD Million)
        • 9.4.11.3. Rest of Asia Pacific Automotive OEM Key Market Revenue, by Key Material, 2016 – 2026 (USD Million)
        • 9.4.11.4. Rest of Asia Pacific Automotive OEM Key Market Revenue, by Key Type, 2016 – 2026 (USD Million)
    • 9.5. Latin America
      • 9.5.1. Latin America Automotive OEM Key Market Revenue 2016 – 2026 (USD Million)
      • 9.5.2. Latin America Automotive OEM Key Market Revenue, By Vehicle Type, 2016 – 2026 (USD Million)
      • 9.5.3. Latin America Automotive OEM Key Market Revenue, By Technulogy, 2016 – 2026 (USD Million)
      • 9.5.4. Latin America Automotive OEM Key Market Revenue, By Key Material, 2016 – 2026 (USD Million)
      • 9.5.5. Latin America Automotive OEM Key Market Revenue, By Key Type, 2016 – 2026 (USD Million)
      • 9.5.6. Brazil
        • 9.5.6.1. Brazil Automotive OEM Key Market Revenue, by Vehicle Type, 2016 – 2026 (USD Million)
        • 9.5.6.2. Brazil Automotive OEM Key Market Revenue, by Technulogy, 2016 – 2026 (USD Million)
        • 9.5.6.3. Brazil Automotive OEM Key Market Revenue, by Key Material, 2016 – 2026 (USD Million)
        • 9.5.6.4. Brazil Automotive OEM Key Market Revenue, by Key Type, 2016 – 2026 (USD Million)
      • 9.5.7. Argentina
        • 9.5.7.1. Argentina Automotive OEM Key Market Revenue, by Vehicle Type, 2016 – 2026 (USD Million)
        • 9.5.7.2. Argentina Automotive OEM Key Market Revenue, by Technulogy, 2016 – 2026 (USD Million)
        • 9.5.7.3. Argentina Automotive OEM Key Market Revenue, by Key Material, 2016 – 2026 (USD Million)
        • 9.5.7.4. Argentina Automotive OEM Key Market Revenue, by Key Type, 2016 – 2026 (USD Million)
      • 9.5.8. Rest of Latin America
        • 9.5.8.1. Rest of Latin America Automotive OEM Key Market Revenue, by Vehicle Type, 2016 – 2026 (USD Million)
        • 9.5.8.2. Rest of Latin America Automotive OEM Key Market Revenue, by Technulogy, 2016 – 2026 (USD Million)
        • 9.5.8.3. Rest of Latin America Automotive OEM Key Market Revenue, by Key Material, 2016 – 2026 (USD Million)
        • 9.5.8.4. Rest of Latin America Automotive OEM Key Market Revenue, by Key Type, 2016 – 2026 (USD Million)
    • 9.6. Middle East & Africa
      • 9.6.1. Middle East & Africa Automotive OEM Key Market Revenue 2016 – 2026 (USD Million)
      • 9.6.2. Middle East & Africa Automotive OEM Key Market Revenue, by Vehicle Type, 2016 – 2026 (USD Million)
      • 9.6.3. Middle East & Africa Automotive OEM Key Market Revenue, by Technulogy, 2016 – 2026 (USD Million)
      • 9.6.4. Middle East & Africa Automotive OEM Key Market Revenue, by Key Material, 2016 – 2026 (USD Million)
      • 9.6.5. Middle East & Africa Automotive OEM Key Market Revenue, by Key Type, 2016 – 2026 (USD Million)
      • 9.6.6. GCC Countries
        • 9.6.6.1. GCC Countries Automotive OEM Key Market Revenue, by Vehicle Type, 2016 – 2026 (USD Million)
        • 9.6.6.2. GCC Countries Automotive OEM Key Market Revenue, by Technulogy, 2016 – 2026 (USD Million)
        • 9.6.6.3. GCC Countries Automotive OEM Key Market Revenue, by Key Material, 2016 – 2026 (USD Million)
        • 9.6.6.4. GCC Countries Automotive OEM Key Market Revenue, by Key Type, 2016 – 2026 (USD Million)
      • 9.6.7. South Africa
        • 9.6.7.1. South Africa Automotive OEM Key Market Revenue, by Vehicle Type, 2016 – 2026 (USD Million)
        • 9.6.7.2. South Africa Automotive OEM Key Market Revenue, by Technulogy, 2016 – 2026 (USD Million)
        • 9.6.7.3. South Africa Automotive OEM Key Market Revenue, by Key Material, 2016 – 2026 (USD Million)
        • 9.6.7.4. South Africa Automotive OEM Key Market Revenue, by Key Type, 2016 – 2026 (USD Million)
      • 9.6.8. Rest of MEA
        • 9.6.8.1. Rest of MEA Automotive OEM Key Market Revenue, by Vehicle Type, 2016 – 2026 (USD Million)
        • 9.6.8.2. Rest of MEA Automotive OEM Key Market Revenue, by Technulogy, 2016 – 2026 (USD Million)
        • 9.6.8.3. Rest of MEA Automotive OEM Key Market Revenue, by Key Material, 2016 – 2026 (USD Million)
        • 9.6.8.4. Rest of MEA Automotive OEM Key Market Revenue, by Key Type, 2016 – 2026 (USD Million)
  • Chapter 10. Company Profiles
    • 10.1. Altuna Group
      • 10.1.1. Overview
      • 10.1.2. Financials
      • 10.1.3. Product portfulio
      • 10.1.4. Business strategy
      • 10.1.5. Recent developments
    • 10.2. *Same information will be provided for below mentioned companies*
      • 10.2.1. dormakaba Hulding
      • 10.2.2. Chiavit (Tornado Group)
      • 10.2.3. Credit Card Keys
      • 10.2.4. Continental AG
      • 10.2.5. Garin System Co. Ltd
      • 10.2.6. Heights Security, Inc.
      • 10.2.7. Hangzhou Zhengdian Technulogy Co., Ltd.
      • 10.2.8. LOCKMASTERS INCORPORATED
      • 10.2.9. One-Toul Co., Limited
      • 10.2.10. Mitsubishi Electric Corporation
      • 10.2.11. QINGDAO EVERISE INT'L CO., LTD.
      • 10.2.12. Runking Technulogy Co., Ltd
      • 10.2.13. Qinuo Electronics Co., Ltd.
      • 10.2.14. Sakthi Industries
      • 10.2.15. Others

Methodology


Frequently Asked Questions

Steady growth in employment levels, industrialization and other such factors have inflated the growth rate of the global population. This rise in disposable income has improved the sale of automobiles and, therefore, the production of vehicles. The increase in the production and consumption of vehicles around the globe has strengthened the automotive OEM key market.

Insurance firms develop their car insurance plans and insurance rates on the basis of the vehicle's model and safety standards. Several customers choose to use these lower premium rates for vehicles with high-tech key solutions, thus driving the automotive OEM key market across the globe.

A rise in vehicle safety awareness in the light of an increase in vehicle theft incidents globally has contributed to an increase in spending on advanced key solutions. The increased inclination of automotive customers towards highly safe key solutions is boosting the demand for global automotive OEM key market.

Various government policies, the decline in vehicle loan interest rates and trade deals between different nations have led to the expansion of the automotive industry, thereby fueling the market growth globally.

Changing consumer preferences coupled with technological developments has led to the advent of contactless smart key solutions that allow vehicle owners to perform multiple activities other than opening the door and switching vehicle's ignition.

Vehicles with electronic key fobs reduce the challenge of looking for keys when boarding or exiting vehicles. Automotive OEM key manufacturers are growing their research & development resources in key fobs that helps the customer to unlock the vehicle from a very long distance. They are developing engine’s push and hold start/stop buttons to avoid looking around for inserting a key in the ignition in order to get the vehicle moving.

The emergence of electric and hybrid vehicles contributes to the development of the automotive OEM key industry. On the other hand, car manufacturers such as Mercedes-Benz are gaining momentum in keyless technology by revealing their transponder installed into a vehicle that detects the driver's key.

According to Zion Market Research, the Automotive OEM Key market is expected to generate revenue of around USD 340.44 Million by the end of 2026, growing at a CAGR of 5.59%.

By Geography, the automotive OEM key market is segmented into North America, Europe, Latin America, Asia Pacific, and Middle East and Africa.

Asia - pacific dominated the global automotive OEM key market, followed by Europe. Developing countries in Asia-Pacific, such as China, Japan, India, and South Korea, generate more than 40% of overall automotive production globally, thus boosting the demand for automotive OEM key market.

The North American market is also expected to expand at a significant pace due to the growing emphasis on reducing vehicle pollution that has changed the focus of the automotive industry to electric vehicles, thereby contributing to the demand for the market. With rising environmental issues, governments and environmental agencies are introducing strict emission standards and regulations that will increase the cost of producing electric power trains and fuel-efficient diesel engines in the near future.

The major players in the global automotive OEM key market include Altuna Group, dormakaba Holding, Chiavit (Tornado Group), Credit Card Keys, Continental AG, Garin System Co. Ltd, Heights Security, Inc., Hangzhou Zhengdian Technology Co., Ltd., LOCKMASTERS INCORPORATED, One-Tool Co., Limited, Mitsubishi Electric Corporation, QINGDAO EVERISE INT'L CO., LTD., Runking Technology Co., Ltd, Qinuo Electronics Co., Ltd., and Sakthi Industries among others.

 

 

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