Lucintel's latest market report analyzed that automotive digital key provides attractive opportunities in the passenger vehicle and commercial vehicle markets. The automotive digital key market is expected to reach $XX billion by 2028 with a CAGR of 21% to 23%. In this market, near-field communication is the largest segment by technology, whereas passenger vehicle is largest by vehicle type.

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Based on technology, the automotive digital key market is segmented into bluetooth, biometric, Wi-Fi, remote cloud key access, & near field communication. The near-field communication segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its flexibility, which enables the vehicle’s owner to lock/unlock the vehicle with the help of a unique smartphone device, thus ensuring safe and convenient way to access.

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The Automotive Digital Key Market is marked by the presence of several big and small players. Some of the prominent players offering automotive digital key include Infineon Technologies, Telefonaktiebolaget LM Ericsson, Continental, Denso, Tokai Rika, ALPHA Corporation, Garmin, Firstech, GARIN System, STMicroelectronics.

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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.

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