+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Automotive Digital Key Sector, Europe and North America, 2024-2030

  • Report

  • August 2024
  • Region: Europe, North America
  • Frost & Sullivan
  • ID: 6006432

Disruptive UWB Technology, Rising Consumer Demand for Smartphone Integration, and Innovative Sharing Models are Driving Transformational Growth by Addressing Customer Needs in the Connected Vehicle Era

The traditional car key is on its way to becoming a thing of the past, likely confined to the glove compartment. In Europe and North America, the automotive digital key market is rapidly expanding, driven by consumer demand for seamless, secure, digitally integrated interfaces and technologically advanced car access experiences. Additionally, digital keys can provide personalized user settings and real-time access management and monitoring, which enhances the overall driving experience.

This transition from physical keys to digital solutions marks a significant evolution in the automotive industry, and this report serves as a guide to navigating this dynamic market.

Drawing insights from interviews with industry leaders from technology providers, OEMs, technology enablers, software providers, cloud service platforms, and other stakeholders, this analysis offers a comprehensive perspective on the industry and its growth potential. Forecasts for Europe and North America include the expected yearly revenue, sales volume, and penetration of digital keys from 2024 to 2030.

Finally, the publisher provides valuable insights into upcoming growth opportunities for diverse industry stakeholders.

KEY ISSUES ADDRESSED

  • What is Automotive Digital Key? What is the supply chain structure for Automotive Digital key technology?
  • What are the primary drivers and restraints of Automotive Digital key Market?
  • How will the Automotive Digital Key Market grow? What is the adoption trend among OEMs? Who are the technology players?
  • How do Europe and North America’s Automotive Digital key market sizes differ? Which region will see maximum growth?
  • What are the growth avenues for the Automotive Digital key Market in Europe and North America until 2030? How will they help important stakeholders in the Automotive Digital key industry?

RESEARCH SCOPE

The analysis aims to provide insights into several areas:
  • Current technological trends, features, and services influencing the landscape of automotive digital keys
  • Market projections specific to Europe and North America
  • Involvement of diverse ecosystem participants, particularly OEMs and technology providers
  • Opportunities and challenges industry stakeholders face
  • Business prospects for stakeholders spanning the entire market spectrum

Table of Contents

Growth Environment - Automotive Digital Key Market
  • Key Findings
  • Digital Key Penetration and Forecast Snapshot
  • Regional Market Snapshot
  • Digital Key Technology and Adoption Trends among OEM Groups
  • Portfolio and Snapshot by Technology Provider
  • Standards and Regulations
Growth Environment - Transformation in Automotive Digital Key Market
  • Why is it Increasingly Difficult to Grow?
  • The Strategic Imperative 8™
  • The Impact of the Top 3 Strategic Imperatives on the Automotive Digital Key Industry
  • Scope of Analysis
  • Segmentation
  • Market Definition
  • Distribution Channels
Growth Environment - Companies to Action (C2A), Automotive Digital Key Market
  • Competitive Environment
  • Key Competitors
  • Growth Metrics
  • Growth Drivers
  • Growth Restraints
  • Forecast Considerations
  • Revenue and Vehicle Sales with Digital Key Forecast
  • Revenue Forecast by Region
  • Revenue Forecast Analysis
  • Digital Key Vehicle Sales with Digital Key Forecast by Region
  • Pricing Trends and Forecast Analysis
Growth Environment - Trends & Regulations
  • Major Trends Impacting Automotive Digital Keys
  • Impact of Digital Keys on Connected Car Platforms
  • Competing Standards by the Car Connectivity Consortium (CCC)
  • Introduction
  • Evolution of Car Access Keys
  • Block Diagram
  • Product Roadmap and Technological Advancement
  • Comparison of BLE, NFC, and UWB
  • Impact of UWB on Security and Convenience after Integration with BLE and NFC
  • Future Developments in Digital Keys - Biometrics
Growth Opportunity Analysis - Growth GeneratorAutomotive Digital Key, Europe
  • Growth Metrics
  • Revenue and Vehicle Sales with Digital Key Forecast
  • Digital Key Penetration Forecast
  • Forecast Analysis
  • Growth Metrics
  • Revenue and Vehicle Sales with Digital Key Forecast
  • Digital Key Penetration Forecast
  • Forecast Analysis
  • BMW Group
  • Mercedes-Benz Group
  • Geely Group
  • Toyota Group
  • Hyundai Group
  • Renault-Nissan-Mitsubishi (RNM)
  • Tata Motors Group
  • Volkswagen Group
Technology Provider Profiles
  • Continental Automotive Systems
  • Valeo
  • Huf
  • Forvia Hella
  • Denso (Infinite Key®)
  • Bosch
  • Growth Opportunity 1 - Innovative Business Models
  • Growth Opportunity 2 - Integration with Connected Car Services
  • Growth Opportunity 3 - Biometrics Integration
  • Best Practices Recognition
  • Frost Radar
Next Steps
  • Benefits and Impacts of Growth Opportunities
  • Next Steps
  • Take the Next Step
  • List of Exhibits
  • Legal Disclaimer

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • BMW Group
  • Mercedes-Benz Group
  • Geely Group
  • Toyota Group
  • Hyundai Group
  • Renault-Nissan-Mitsubishi (RNM)
  • Tata Motors Group
  • Volkswagen Group
  • Continental Automotive Systems
  • Valeo
  • Huf
  • Forvia Hella
  • Denso (Infinite Key®)
  • Bosch