The critical driver of the market in smart key system of a vehicle is the convenience the smart key provides. The keys need not be kept in the hand to enjoy the features, and people enjoy the fact that the keys can be kept it in the pocket or bag without requiring to reach and dig around before getting into vehicle.
There has been several research, development and innovations in the smart key technology with respect to the advancement in these systems. The UK motor insurance research expert introduced a standard for keyless entry, requiring the device to be inoperable at a distance of more than 10 cm from the vehicle. Nissan Micra system has been effective in becoming the secured system in this regard, while certain BMW and Mercedes keys have failed, theoretically due to the capability of allowing cars to be driven away while their owners were refuelling few meters away. Despite these security vulnerabilities, theft rates have decreased significantly by 7 -15 percent during the last 5-6 years, and the National Insurance Crime Bureau credits smart keys to a significant level for this decrease. Thereby, the demand for automotive smart keys as an automotive safety technology would capture significant demand in the forecast period in Europe.
Among the application type, the market for multi-functional smart keys is expected to gain major traction in the market by 2020 with a share of more than 45% in the region. Among the components, the radio frequency for receiver block in smart key system would grow at the highest rate 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, Daedong, Silca, ALPHA, Denso, Guangzhou Guangpai, 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 Europe Automotive 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 at the regional level and at the country level.
1.1 Research Methodology
1.2 Key Findings of the Study
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW AND TECHNOLOGY TRENDS
3.1 Current Market Scenario
3.2 Technology Trends
3.3 Porter's Five Forces Framework
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Consumers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products and Services
3.3.5 Competitive Rivalry within the industry
4. MARKET DYNAMICS
5. EUROPE AUTOMOTIVE SMART KEYS MARKET BY APPLICATION (Growth, Innovations and Feasibility of Smartkeys)
5.1 Single Function
6. EUROPE AUTOMOTIVE SMART KEYS MARKET BY TECHNOLOGY (Growth, Innovations and Feasibility of Smartkeys)
6.1 Transmitter / Security Technology
6.2 Capacitive Sensor Technology
6.3 Infra-red Sensor Technology
7. EUROPE AUTOMOTIVE SMART KEYS MARKET-BY INSTALLATION (Growth, Trends and Durability)
8. EUROPE AUTOMOTIVE SMART KEY MARKET, BY GEOGRAPHY (Market crackdown, trends and forecasts-country wise)
8.7 Rest of EUROPE
9. COMPETITIVE LANDSCAPE
9.2 Market Share Analysis
9.3 Developments of Key players
10. KEY VENDOR ANALYSIS
10.2 Hyundai Mobis
10.5 Guangzhou Guangpai
10.7 Shanghai Kaigao
10.8 Shanghai Huyauan
10.10 Tokai Rika
11. FUTURE OUTLOOK OF THE MARKET