Germany Automotive Smart Keys Market - Forecasts and Trends (2015 - 2020)

Mar 02, 2016, 15:57 ET from Reportlinker

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NEW YORK, March 2, 2016 /PRNewswire/ -- The market for Automotive Smart Keys in Germany is projected to reach $1.4 billion by the end of 2020 with a CAGR of 24%. Downsizing is a defining trend for any automotive developments. It is not only applicable only for "big" assemblies like engines or platforms, but also for electronic car keys. But unlike other downsizing measures, the smart key does not influence the fuel consumption and CO2 emissions of the vehicle, but offers a tremendous boost in terms of user-friendliness and convenience. These key cards are also convenient to fit into pockets, and even fit into some wallets. Even the modern PASE (Passive Start and Entry) system is integrated in the card, despite its slim dimensions where drivers no longer even need to have the key card in their hand in order to unlock and start their vehicle.

Smart keys are also enabled to start the engine by just simply pressing the ignition button, located next to the steering column, starts the vehicle. In some models, the tailgate gets lifted by waving a foot underneath the rear bumper making it convenient to load baggage's when hands are occupied. Some smart keys, like those from BMW, also stores individual user settings which enables the seat, mirrors, steering wheel and even audio preferences to be automatically adjusted by pressing a single button. The advancement in automotive technology and the degree of research and development in automotive technology would help to significantly drive the market for smart keys in Germany.

Continental has launched its series of slimly-designed automotive keys with more than 20-percent reduction in material thickness. This has been made possible by combining ongoing refinement and development of the electronics with innovative production techniques. Continental has used Resin Transfer Molding (RTM) to manufacture the smart keys, a technology hired from the field of semiconductor manufacturing. The precise injection moulding technique is used to produce plastic parts that are not only much more delicate, but are durable and resistant. The vehicle keys are injection-moulded from "thermoplastics" and provide a material thickness of at least six mm. The company has also planned for innovations like the displaying the vehicle status, which would be likely possible with the integration of NFC chips. The technology used is known as Nearfield Communication Technology, which is used particularly in contactless payment systems.

Among the application, type the market for smart keys for multi-functional is expected to gain major traction in the market by 2020 with a share of more than 55% in the region. Among the components, the radio frequency for receiver block in smart key system would grow at the highest rate with the increased production of 'smart' vehicle components during the forecast period. Among technology type, infrared sensor technology would have the highest CAGR by 2020. The market is significantly competitive with some of other major vendors like Valeo, ALPHA, Denso, Shanghai Kaigao, Hyundai Mobis, ZF-TRW, and others.

What the Report Offers

Market Definition along with identification of key drivers and restraints for the market.
Market analysis with country specific assessments and competition analysis in the Germany Smart key of Cars market.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies, which can influence the market on the regional scale and at the country level.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
Identification and analysis of the Macro and Micro factors that affect the industry on both in the market.
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