The remote car starter market size has grown strongly in recent years. It will grow from $1.83 billion in 2023 to $1.94 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth observed in the historic period can be attributed to factors such as consumer convenience, the desire for climate control, security concerns, and the popularity of aftermarket installations.
The remote car starter market size is expected to see strong growth in the next few years. It will grow to $2.4 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The anticipated growth in the forecast period can be attributed to factors such as integration with original equipment manufacturer (OEM) systems, smartphone connectivity, energy efficiency, customization options, and safety features. Major trends expected in the forecast period include the development of extended range technologies, integration with vehicle climate control systems, the adoption of voice-activated controls, enhancement of security features, and the integration of mobile app connectivity.
The growing demand for luxury and premium vehicles is anticipated to drive the expansion of the remote car starter market. Luxury and premium vehicles, known for their higher quality, advanced features, superior performance, and elevated levels of comfort, often incorporate remote car starters to offer owners added convenience. These systems enable users to remotely start the engine and precondition the cabin, ensuring a comfortable and inviting driving experience. For example, in January 2023, Rolls Royce, a UK-based luxury vehicle manufacturer, reported an increase in sales from 5,586 in 2021 to 6,021 in 2022. Additionally, the share of luxury vehicles in overall sales reached 18.2% in November 2022, up from 17.8% in October, according to Cox Automotive, a US-based automobile company. Hence, the rising demand for luxury and premium vehicles is a key driver for the remote car starter market.
The increasing adoption of smartphones is expected to further boost the remote car starter market. Smartphones, blending sophisticated computational power with mobile phone features, enhance remote car starters by enabling control through voice commands. This integration adds a layer of convenience and facilitates hands-free operation. As of February 2023, the UK witnessed a surge in mobile connections to 71.8 million, marking a 3.8% increase (around 2.6 million) compared to 2021, according to Uswitch Limited, a UK-based financial conduct authority. The projection indicates that around 95% of the expected UK population of 68.3 million by 2025 (approximately 65 million individuals) will own smartphones. Consequently, the growing adoption of smartphones is a significant factor propelling the remote car starter market's growth.
Security concerns related to remote car starters pose a significant obstacle to the growth of the market during the forecast period. Individuals considering the installation of remote starters in their vehicles often worry about potential security risks. There is a fear that remote car starters could be vulnerable to hacking, allowing unauthorized individuals to monitor, control, or even hijack vehicles. In January 2023, a team of seven security researchers discovered vulnerabilities in automobiles from 16 different manufacturers, highlighting weaknesses that could be exploited to manipulate car operations, including starting or halting the engine. These security concerns act as a deterrent, limiting the demand for remote car starters and, consequently, impacting the market's growth.
Major companies in the market are focusing on technological advancements and innovations in remote car starters. Ultra-wideband (UWB) technology, a wireless communication method that utilizes extremely wide bandwidths, is being employed in remote car starters to ensure precise and secure keyless entry and ignition systems. This helps enhance vehicle security and user convenience. For example, in January 2021, BMW introduced the BMW Digital Key Plus, a secure and convenient way to unlock and start a car using ultra-wideband (UWB) technology. The UWB technology, integrated into the iPhone's U1 chip, automatically recognizes the device's distance from the vehicle, initiating actions such as turning on the car's lights and unlocking the doors before reaching the handle.
In August 2021, Faurecia acquired Hella for approximately $5.68 billion. This strategic acquisition allows Faurecia to enhance its capabilities, meet evolving product demands, and create a more profitable business through increased operational efficiencies. Hella, a Germany-based manufacturing company, offers automotive products and systems, including remote car starters.
Major companies operating in the remote car starter market report are Mitsubishi Corporation, ZF Friedrichshafen AG, Denso Corporation, Honeywell International Inc., Faurecia SE and HELLA GmbH & Co. KGaA, Ericsson International Services B.V., Tyco International PLC, BorgWarner Inc., Alps Electric, Microchip Technology Inc., Tokai Rika Co. Ltd., Digitec Galaxus AG, Voxx International Corp., VOXX DEI LLC., Spectra Premium, Metra Electronics Corporation, MyCar, Clarion, Start-X, Firstech LLC, Fortin Electronic Systems, Climax, ProStart, Valet Pro Limited, Omega Web Link, iDatastart, WarmCarNow.
North America was the largest region in the remote car starter market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the remote car starter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the remote car starter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A remote car starter is a device that enables the initiation of a vehicle's engine from a distance, typically using a remote control or a smartphone app. This functionality allows the driver to pre-heat or pre-cool the vehicle before entering, creating a more comfortable interior environment. Particularly beneficial in areas with extreme weather conditions, a remote car starter allows the driver to adjust the temperature inside the vehicle before getting in.
The primary types of remote car starters include one-way remote starters, two-way remote starters, and one-button remote starters. A one-way remote starter allows users to start their vehicle's engine remotely using a remote control or key fob. Technologies involved in these systems include radiofrequency (RF) and smartphone app-based systems. These remote car starters are applicable to various types of vehicles, including passenger cars, light commercial vehicles, and heavy commercial vehicles. They are sold through various sales channels such as the original equipment market (OEM) and the aftermarket, catering to end-users such as individual consumers, fleet owners, and commercial vehicle operators.
The remote car starter market research report is one of a series of new reports that provides remote car starter market statistics, including remote car starter industry global market size, regional shares, competitors with a remote car starter market share, detailed remote car starter market segments, market trends, and opportunities, and any further data you may need to thrive in the remote car starter industry. This remote car starter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The remote car starter market consists of sales of remote starter systems such as key fobs, control modules, wirings, and accessories. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The remote car starter market size is expected to see strong growth in the next few years. It will grow to $2.4 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The anticipated growth in the forecast period can be attributed to factors such as integration with original equipment manufacturer (OEM) systems, smartphone connectivity, energy efficiency, customization options, and safety features. Major trends expected in the forecast period include the development of extended range technologies, integration with vehicle climate control systems, the adoption of voice-activated controls, enhancement of security features, and the integration of mobile app connectivity.
The growing demand for luxury and premium vehicles is anticipated to drive the expansion of the remote car starter market. Luxury and premium vehicles, known for their higher quality, advanced features, superior performance, and elevated levels of comfort, often incorporate remote car starters to offer owners added convenience. These systems enable users to remotely start the engine and precondition the cabin, ensuring a comfortable and inviting driving experience. For example, in January 2023, Rolls Royce, a UK-based luxury vehicle manufacturer, reported an increase in sales from 5,586 in 2021 to 6,021 in 2022. Additionally, the share of luxury vehicles in overall sales reached 18.2% in November 2022, up from 17.8% in October, according to Cox Automotive, a US-based automobile company. Hence, the rising demand for luxury and premium vehicles is a key driver for the remote car starter market.
The increasing adoption of smartphones is expected to further boost the remote car starter market. Smartphones, blending sophisticated computational power with mobile phone features, enhance remote car starters by enabling control through voice commands. This integration adds a layer of convenience and facilitates hands-free operation. As of February 2023, the UK witnessed a surge in mobile connections to 71.8 million, marking a 3.8% increase (around 2.6 million) compared to 2021, according to Uswitch Limited, a UK-based financial conduct authority. The projection indicates that around 95% of the expected UK population of 68.3 million by 2025 (approximately 65 million individuals) will own smartphones. Consequently, the growing adoption of smartphones is a significant factor propelling the remote car starter market's growth.
Security concerns related to remote car starters pose a significant obstacle to the growth of the market during the forecast period. Individuals considering the installation of remote starters in their vehicles often worry about potential security risks. There is a fear that remote car starters could be vulnerable to hacking, allowing unauthorized individuals to monitor, control, or even hijack vehicles. In January 2023, a team of seven security researchers discovered vulnerabilities in automobiles from 16 different manufacturers, highlighting weaknesses that could be exploited to manipulate car operations, including starting or halting the engine. These security concerns act as a deterrent, limiting the demand for remote car starters and, consequently, impacting the market's growth.
Major companies in the market are focusing on technological advancements and innovations in remote car starters. Ultra-wideband (UWB) technology, a wireless communication method that utilizes extremely wide bandwidths, is being employed in remote car starters to ensure precise and secure keyless entry and ignition systems. This helps enhance vehicle security and user convenience. For example, in January 2021, BMW introduced the BMW Digital Key Plus, a secure and convenient way to unlock and start a car using ultra-wideband (UWB) technology. The UWB technology, integrated into the iPhone's U1 chip, automatically recognizes the device's distance from the vehicle, initiating actions such as turning on the car's lights and unlocking the doors before reaching the handle.
In August 2021, Faurecia acquired Hella for approximately $5.68 billion. This strategic acquisition allows Faurecia to enhance its capabilities, meet evolving product demands, and create a more profitable business through increased operational efficiencies. Hella, a Germany-based manufacturing company, offers automotive products and systems, including remote car starters.
Major companies operating in the remote car starter market report are Mitsubishi Corporation, ZF Friedrichshafen AG, Denso Corporation, Honeywell International Inc., Faurecia SE and HELLA GmbH & Co. KGaA, Ericsson International Services B.V., Tyco International PLC, BorgWarner Inc., Alps Electric, Microchip Technology Inc., Tokai Rika Co. Ltd., Digitec Galaxus AG, Voxx International Corp., VOXX DEI LLC., Spectra Premium, Metra Electronics Corporation, MyCar, Clarion, Start-X, Firstech LLC, Fortin Electronic Systems, Climax, ProStart, Valet Pro Limited, Omega Web Link, iDatastart, WarmCarNow.
North America was the largest region in the remote car starter market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the remote car starter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the remote car starter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A remote car starter is a device that enables the initiation of a vehicle's engine from a distance, typically using a remote control or a smartphone app. This functionality allows the driver to pre-heat or pre-cool the vehicle before entering, creating a more comfortable interior environment. Particularly beneficial in areas with extreme weather conditions, a remote car starter allows the driver to adjust the temperature inside the vehicle before getting in.
The primary types of remote car starters include one-way remote starters, two-way remote starters, and one-button remote starters. A one-way remote starter allows users to start their vehicle's engine remotely using a remote control or key fob. Technologies involved in these systems include radiofrequency (RF) and smartphone app-based systems. These remote car starters are applicable to various types of vehicles, including passenger cars, light commercial vehicles, and heavy commercial vehicles. They are sold through various sales channels such as the original equipment market (OEM) and the aftermarket, catering to end-users such as individual consumers, fleet owners, and commercial vehicle operators.
The remote car starter market research report is one of a series of new reports that provides remote car starter market statistics, including remote car starter industry global market size, regional shares, competitors with a remote car starter market share, detailed remote car starter market segments, market trends, and opportunities, and any further data you may need to thrive in the remote car starter industry. This remote car starter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The remote car starter market consists of sales of remote starter systems such as key fobs, control modules, wirings, and accessories. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Remote Car Starter Market Characteristics3. Remote Car Starter Market Trends and Strategies32. Global Remote Car Starter Market Competitive Benchmarking33. Global Remote Car Starter Market Competitive Dashboard34. Key Mergers and Acquisitions in the Remote Car Starter Market
4. Remote Car Starter Market - Macro Economic Scenario
5. Global Remote Car Starter Market Size and Growth
6. Remote Car Starter Market Segmentation
7. Remote Car Starter Market Regional and Country Analysis
8. Asia-Pacific Remote Car Starter Market
9. China Remote Car Starter Market
10. India Remote Car Starter Market
11. Japan Remote Car Starter Market
12. Australia Remote Car Starter Market
13. Indonesia Remote Car Starter Market
14. South Korea Remote Car Starter Market
15. Western Europe Remote Car Starter Market
16. UK Remote Car Starter Market
17. Germany Remote Car Starter Market
18. France Remote Car Starter Market
19. Italy Remote Car Starter Market
20. Spain Remote Car Starter Market
21. Eastern Europe Remote Car Starter Market
22. Russia Remote Car Starter Market
23. North America Remote Car Starter Market
24. USA Remote Car Starter Market
25. Canada Remote Car Starter Market
26. South America Remote Car Starter Market
27. Brazil Remote Car Starter Market
28. Middle East Remote Car Starter Market
29. Africa Remote Car Starter Market
30. Remote Car Starter Market Competitive Landscape and Company Profiles
31. Remote Car Starter Market Other Major and Innovative Companies
35. Remote Car Starter Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Remote Car Starter Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on remote car starter market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- All data from the report will also be delivered in an excel dashboard format.
Description:
Where is the largest and fastest growing market for remote car starter ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The remote car starter market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: One-Way Remote Starter; Two-Way Remote Starter; One-Button Remote Starter2) By Technology: Radiofrequency (RF); Smartphone App-Based Systems
3) By Vehicle: Passengers Car; Light Commercial Vehicle; Heavy Commercial Vehicle
4) By Sales Channel: Original Equipment Market (OEM); Aftermarket
5) By End User: Individual Consumers; Fleet Owners; Commercial Vehicle
Key Companies Mentioned: Mitsubishi Corporation; ZF Friedrichshafen AG; Denso Corporation; Honeywell International Inc.; Faurecia SE and HELLA GmbH & Co. KGaA
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Mitsubishi Corporation
- ZF Friedrichshafen AG
- Denso Corporation
- Honeywell International Inc.
- Faurecia SE and HELLA GmbH & Co. KGaA
- Ericsson International Services B.V.
- Tyco International plc
- BorgWarner Inc.
- Alps Electric
- Microchip Technology Inc.
- Tokai Rika Co. Ltd.
- Digitec Galaxus AG
- Voxx International Corp.
- VOXX DEI LLC.
- Spectra Premium
- Metra Electronics Corporation
- MyCar
- Clarion
- Start-X
- Firstech LLC
- Fortin Electronic Systems
- Climax
- ProStart
- Valet Pro Limited
- Omega Web Link
- iDatastart
- WarmCarNow
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | March 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 1.94 Billion |
| Forecasted Market Value ( USD | $ 2.4 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
