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Automotive OEM Key Market – Size, Scope, Forecast to – 2027

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The global Automotive OEM Key market is expected to grow at a CAGR of around 2.7% over the forecast period 2021 to 2027 and expected to reach the market value of around US$ 290 Million by 2027

Growth Factors:

The  market  Rise in the purchasing power of the global population has fueled the sales of vehicles, thus boosting automobile production activities. This increase in automobile production has subsequently propelled the demand for automotive key solutions from automakers, thereby driving the automotive OEM key market across the globe. On-going changes in the automotive sector, along with growing popularity of autonomous vehicles and shared mobility services, have transformed the traditional approach of vehicle security solutions from physical keys to virtual keys, which are stored in the smart devices of vehicle owners. This is negatively impacting the automotive OEM key market.

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Expansion of Automotive OEM Key Market

Advancements in microelectronics and connectivity technologies are leading to the development of vehicle keys with advanced security features, such as biometric scanning, which are capable of performing multiple functions. For instance, in August 2020, KIA Corporation announced that its new Sorento vehicle model would be equipped with the remote smart parking assist feature that can be controlled through the key fob. Such keys enhance the customer experience and hence, they are expected to propel the global automotive OEM key market in the near future. Based on technology, the remote keyless entry system segment held a dominant share of the global automotive OEM key market in 2019. It is anticipated to expand at a notable CAGR during the forecast period, owing to their high ease of operation. The remote keyless entry system enables the consumer to open the doors and start the vehicle without inserting the key, thus creating convenience in operation, which has contributed towards its popularity.

Challenges for Automotive OEM Key Market analysis:

COVID-19 pandemic disrupted majority of industries across the globe due to the forced shutdown of manufacturing and trade activities. This caused disruption in supply chains of the automotive sector, thus hampering its growth. Moreover, the demand for new vehicles has reduced, as people are restraining themselves from spending money on non-essential products and services. These factors have lowered the demand for automotive keys from OEMs.

Emergence of virtual or digital key solutions that are stored in smartphones or wearable devices of customers is decreasing the demand for traditional key solutions, which, in turn, restrains the global automotive OEM key market

Automotive OEM Key Market Segmentation analysis:

The global automotive OEM key market has been segmented based on key material, technology, key type, vehicle type, and region

Based on key type, the smart key segment held a dominant share of the automotive OEM key market in 2020. High level of security, flexibility in operation, and multiple functionalities offered by these smart keys are propelling the smart key segment of the global automotive OEM key market.

Based on vehicle type, the passenger vehicles segment held a significant share of the global automotive OEM key market. Rise in demand for passenger vehicles has boosted their production worldwide. This growing production of passenger vehicles is driving the passenger vehicles segment of the global automotive OEM key market.

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Recent report on the Automotive OEM Key market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the Automotive OEM Key market analyzes the scenario for the period of 2017 to 2027, wherein, 2021 is the base year and 2020 is historical data. This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global Automotive OEM Key market for the forecast period of 2021–2027. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.

The report analyzes the historical and present-day scenario of the global Automotive OEM Key market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the Automotive OEM Key market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the market.

The report delves into the competition landscape of the global Automotive OEM Key market. Key players operating in the market have been identified and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the Automotive OEM Key market that are profiled in this report.

Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments are provided in the report. The Automotive OEM Key market is analyzed at both regional and country levels.

Some of the prominent players in the Automotive OEM Key Market include:  Altuna Group, Chiavit (Tornado Group), Continental AG, Credit Card Keys, dormakaba Holding, Garin System Co. Ltd, Hangzhou Zhengdian Technology Co., Ltd., Heights Security, Inc., LOCKMASTERS INCORPORATED, Mitsubishi Electric Corporation, One-Tool Co., Limited, QINGDAO EVERISE INT’L CO., LTD., Qinuo Electronics Co., Ltd., Runking Technology Co., Ltd, Sakthi Industries, Spark Minda

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

Market: Segmentation

  • Automotive OEM Key Market, by Key Material
    • Metal & Alloy
    • Carbon Fiber
  • Automotive OEM Key Market, by Vehicle Type
    • Two and Three Wheeler Vehicles
    • Passenger Vehicles
    • Commercial Vehicles
  • Automotive OEM Key Market, by Technology
    • Conventional Key Entry System
    • Remote Keyless Entry System
  • Automotive OEM Key Market, by Key Type
    • Traditional Key
    • Master Key
    • Transponder Key
    • Switchblade Key
    • Valet Key
    • Smart Key

Research Methodology

A unique research methodology has been utilized to conduct a comprehensive research on the growth of the global Automotive OEM Key market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.

These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global Automotive OEM Key market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.

Key Questions are

  • What are the key factors influencing the Automotive OEM Key market in each region?
  • How much value will the global market generate by the end of the forecast period?
  • What will be the CAGR of the global market between 2021 and 2027?
  • What would be the Y-o-Y growth trend of the global market between 2021 and 2027?
  • What is the future scope and current trends in technologies of the global market?
  • What is the revenue of the global market based on segments?
  • Which key strategies are used by top players of the global market?
  • Which are the leading companies in the global market?
  • What are the essential strategies by key stakeholders in the market to expand their geographic presence?
  • What are the major advancements witnessed in the global market?

TABLE OF CONTENT

Chapter 1.    Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.    Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.    Executive Summary

3.1.  Market Snapshot

Chapter 4.    Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.     Raw Material Procurement Analysis

4.3.2.     Sales and Distribution Channel Analysis

4.3.3.     Downstream Buyer Analysis

Chapter 5.    Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.     Market Drivers

5.1.2.     Market Restraints

5.1.3.     Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.     Bargaining power of suppliers

5.2.2.     Bargaining power of buyers

5.2.3.     Threat of substitute

5.2.4.     Threat of new entrants

5.2.5.     Degree of competition

Chapter 6.    Competitive Landscape

6.1.1.     Company Market Share/Positioning Analysis

6.1.2.     Key Strategies Adopted by Players

6.1.3.     Vendor Landscape

6.1.3.1.          List of Suppliers

6.1.3.2.          List of Buyers

Chapter 7.    Global  Automotive OEM Key Market, By Key Material

7.1.   Automotive OEM Key  Market, by Key Material, 2021-2027

7.1.1.     Metal & Alloy

7.1.1.1.          Market Revenue and Forecast (2016-2027)

7.1.2.     Carbon Fiber

7.1.2.1.          Market Revenue and Forecast (2016-2027)

Chapter 8.    Global  Automotive OEM Key Market, By Vehicle Type

8.1.   Automotive OEM Key  Market, by Vehicle Type, 2021-2027

8.1.1.     Two and Three Wheeler Vehicles

8.1.1.1.          Market Revenue and Forecast (2016-2027)

8.1.2.     Passenger Vehicles

8.1.2.1.          Market Revenue and Forecast (2016-2027)

8.1.3.     Commercial Vehicles

8.1.3.1.          Market Revenue and Forecast (2016-2027)

Chapter 9.    Global  Automotive OEM Key Market, By Technology

9.1.   Automotive OEM Key  Market, by Technology, 2021-2027

9.1.1.     Conventional Key Entry System

9.1.1.1.          Market Revenue and Forecast (2016-2027)

9.1.2.     Remote Keyless Entry System

9.1.2.1.          Market Revenue and Forecast (2016-2027)

Chapter 10.Global  Automotive OEM Key Market, By Key Type

10.1.           Automotive OEM Key  Market, by Key Type, 2021-2027

10.1.1.  Traditional Key

10.1.1.1.       Market Revenue and Forecast (2016-2027)

10.1.2.  Master Key

10.1.2.1.       Market Revenue and Forecast (2016-2027)

10.1.3.  Transponder Key

10.1.3.1.       Market Revenue and Forecast (2016-2027)

10.1.4.  Switchblade Key

10.1.4.1.       Market Revenue and Forecast (2016-2027)

10.1.5.  Valet Key

10.1.5.1.       Market Revenue and Forecast (2016-2027)

10.1.6.  Smart Key

10.1.6.1.       Market Revenue and Forecast (2016-2027)

Chapter 11.Global  Automotive OEM Key  Market, Regional Estimates and Trend Forecast

11.1.          North America

11.1.1.  Market Revenue and Forecast, by Key Material (2016-2027)

11.1.2.  Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.1.3.  Market Revenue and Forecast, by Technology (2016-2027)

11.1.4.  Market Revenue and Forecast, by Key Type (2016-2027)

11.1.5.  U.S.

11.1.5.1.       Market Revenue and Forecast, by Key Material (2016-2027)

11.1.5.2.       Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.1.5.3.       Market Revenue and Forecast, by Technology (2016-2027)

11.1.5.4.       Market Revenue and Forecast, by Key Type (2016-2027)

11.1.6.  Rest of North America

11.1.6.1.       Market Revenue and Forecast, by Key Material (2016-2027)

11.1.6.2.       Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.1.6.3.       Market Revenue and Forecast, by Technology (2016-2027)

11.1.6.4.       Market Revenue and Forecast, by Key Type (2016-2027)

11.2.          Europe

11.2.1.  Market Revenue and Forecast, by Key Material (2016-2027)

11.2.2.  Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.2.3.  Market Revenue and Forecast, by Technology (2016-2027)

11.2.4.  Market Revenue and Forecast, by Key Type (2016-2027)

11.2.5.  UK

11.2.5.1.       Market Revenue and Forecast, by Key Material (2016-2027)

11.2.5.2.       Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.2.5.3.       Market Revenue and Forecast, by Technology (2016-2027)

11.2.5.4.       Market Revenue and Forecast, by Key Type (2016-2027)

11.2.6.  Germany

11.2.6.1.       Market Revenue and Forecast, by Key Material(2016-2027)

11.2.6.2.       Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.2.6.3.       Market Revenue and Forecast, by Technology (2016-2027)

11.2.6.4.       Market Revenue and Forecast, by Key Type (2016-2027)

11.2.7.  France

11.2.7.1.       Market Revenue and Forecast, by Key Material (2016-2027)

11.2.7.2.       Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.2.7.3.       Market Revenue and Forecast, by Technology (2016-2027)

11.2.7.4.       Market Revenue and Forecast, by Key Type (2016-2027)

11.2.8.  Rest of Europe

11.2.8.1.       Market Revenue and Forecast, by Key Material (2016-2027)

11.2.8.2.       Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.2.8.3.       Market Revenue and Forecast, by Technology (2016-2027)

11.2.8.4.       Market Revenue and Forecast, by Key Type (2016-2027)

11.3.          APAC

11.3.1.  Market Revenue and Forecast, by Key Material (2016-2027)

11.3.2.  Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.3.3.  Market Revenue and Forecast, by Technology (2016-2027)

11.3.4.  Market Revenue and Forecast, by Key Type (2016-2027)

11.3.5.  India

11.3.5.1.       Market Revenue and Forecast, by Key Material (2016-2027)

11.3.5.2.       Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.3.5.3.       Market Revenue and Forecast, by Technology (2016-2027)

11.3.5.4.       Market Revenue and Forecast, by Key Type (2016-2027)

11.3.6.  China

11.3.6.1.       Market Revenue and Forecast, by Key Material (2016-2027)

11.3.6.2.       Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.3.6.3.       Market Revenue and Forecast, by Technology (2016-2027)

11.3.6.4.       Market Revenue and Forecast, by Key Type (2016-2027)

11.3.7.  Japan

11.3.7.1.       Market Revenue and Forecast, by Key Material (2016-2027)

11.3.7.2.       Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.3.7.3.       Market Revenue and Forecast, by Technology (2016-2027)

11.3.7.4.       Market Revenue and Forecast, by Key Type (2016-2027)

11.3.8.  Rest of APAC

11.3.8.1.       Market Revenue and Forecast, by Key Material (2016-2027)

11.3.8.2.       Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.3.8.3.       Market Revenue and Forecast, by Technology (2016-2027)

11.3.8.4.       Market Revenue and Forecast, by Key Type (2016-2027)

11.4.          MEA

11.4.1.  Market Revenue and Forecast, by Key Material (2016-2027)

11.4.2.  Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.4.3.  Market Revenue and Forecast, by Technology (2016-2027)

11.4.4.  Market Revenue and Forecast, by Key Type (2016-2027)

11.4.5.  GCC

11.4.5.1.       Market Revenue and Forecast, by Key Material (2016-2027)

11.4.5.2.       Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.4.5.3.       Market Revenue and Forecast, by Technology (2016-2027)

11.4.5.4.       Market Revenue and Forecast, by Key Type (2016-2027)

11.4.6.  North Africa

11.4.6.1.       Market Revenue and Forecast, by Key Material (2016-2027)

11.4.6.2.       Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.4.6.3.       Market Revenue and Forecast, by Technology (2016-2027)

11.4.6.4.       Market Revenue and Forecast, by Key Type (2016-2027)

11.4.7.  South Africa

11.4.7.1.       Market Revenue and Forecast, by Key Material (2016-2027)

11.4.7.2.       Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.4.7.3.       Market Revenue and Forecast, by Technology (2016-2027)

11.4.7.4.       Market Revenue and Forecast, by Key Type (2016-2027)

11.4.8.  Rest of MEA

11.4.8.1.       Market Revenue and Forecast, by Key Material (2016-2027)

11.4.8.2.       Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.4.8.3.       Market Revenue and Forecast, by Technology (2016-2027)

11.4.8.4.       Market Revenue and Forecast, by Key Type (2016-2027)

11.5.          Latin America

11.5.1.  Market Revenue and Forecast, by Key Material (2016-2027)

11.5.2.  Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.5.3.  Market Revenue and Forecast, by Technology (2016-2027)

11.5.4.  Market Revenue and Forecast, by Key Type (2016-2027)

11.5.5.  Brazil

11.5.5.1.       Market Revenue and Forecast, by Key Material (2016-2027)

11.5.5.2.       Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.5.5.3.       Market Revenue and Forecast, by Technology (2016-2027)

11.5.5.4.       Market Revenue and Forecast, by Key Type (2016-2027)

11.5.6.  Rest of LATAM

11.5.6.1.       Market Revenue and Forecast, by Key Material (2016-2027)

11.5.6.2.       Market Revenue and Forecast, by Vehicle Type (2016-2027)

11.5.6.3.       Market Revenue and Forecast, by Technology (2016-2027)

11.5.6.4.       Market Revenue and Forecast, by Key Type (2016-2027)

Chapter 12.   Company Profiles

12.1.                 Altuna Group

12.1.1.  Company Overview

12.1.2.  Product Offerings

12.1.3.  Financial Performance

12.1.4.  Recent Initiatives

12.2.                 Chiavit (Tornado Group), Continental AG

12.2.1.  Company Overview

12.2.2.  Product Offerings

12.2.3.  Financial Performance

12.2.4.  Recent Initiatives

12.3.                 Credit Card Keys

12.3.1.  Company Overview

12.3.2.  Product Offerings

12.3.3.  Financial Performance

12.3.4.  Recent Initiatives

12.4.                 dormakaba Holding

12.4.1.  Company Overview

12.4.2.  Product Offerings

12.4.3.  Financial Performance

12.4.4.  Recent Initiatives

12.5.                 Garin System Co. Ltd

12.5.1.  Company Overview

12.5.2.  Product Offerings

12.5.3.  Financial Performance

12.5.4.  Recent Initiatives

12.6.                 Hangzhou Zhengdian Technology Co., Ltd

12.6.1.  Company Overview

12.6.2.  Product Offerings

12.6.3.  Financial Performance

12.6.4.  Recent Initiatives

12.7.                 Heights Security, Inc.

12.7.1.  Company Overview

12.7.2.  Product Offerings

12.7.3.  Financial Performance

12.7.4.  Recent Initiatives

12.8.                 LOCKMASTERS INCORPORATED

12.8.1.  Company Overview

12.8.2.  Product Offerings

12.8.3.  Financial Performance

12.8.4.  Recent Initiatives

12.9.                 Mitsubishi Electric Corporation, One-Tool Co

12.9.1.  Company Overview

12.9.2.  Product Offerings

12.9.3.  Financial Performance

12.9.4.  Recent Initiatives

12.10.               Limited

12.10.1.                   Company Overview

12.10.2.                   Product Offerings

12.10.3.                   Financial Performance

12.10.4.                   Recent Initiatives

Chapter 13.   Research Methodology

13.1.                 Primary Research

13.2.                 Secondary Research

13.3.                 Assumptions

Chapter 14.   Appendix

14.1.                 About Us

14.2.                 Glossary of Terms

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The purpose of Nova one advisor’s Automotive OEM Key market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

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