Global Automotive Smart Key Fob Market 2018-2022

NEW YORK, Nov. 29, 2018 /PRNewswire/ -- 112 pages, November 2018

About this market
As the global automotive industry is evolving, the penetration rate of the automotive electronics is increasing in modern automobiles. The applications of electronic-base components in vehicles has significantly increased over the last ten years. This is a primary market enabler for the systems as traditional mechanical keys are fast becoming obsolete. Thus, growing penetration of automotive electronics and obsoleting traditional mechanical keys will drive the automotive smart key fob market growth during the forecast period.

Read the full report: https://www.reportlinker.com/p05628433

Market Overview
Safety and convenience associated with advanced vehicle access solutions
The automotive smart key fob market is growing in line with increasing sales volume of automobiles owing to its high penetration rate in automobiles, particularly passenger vehicles. The prominent automakers are equipping their vehicles with advanced key systems, which is driving the smart key fob market, owing to the benefits associated with the automotive smart key fob.
Smart key fobs are expensive and costly to replace
The global automotive smart key fob market is driven by numerous market enablers. However, there are certain challenges to the growth of the market. The cost of the development of smart key fobs is high, which adds to the overall cost of the vehicle, owing to the use of many electronic components in smart key fobs.
For the detailed list of factors that will drive and challenge the growth of the automotive smart key fob market during the 2018-2022, view our report.

Competitive Landscape
The market appears to be fragmented and with the presence of several companies including ZF Friedrichshafen and Continental, the competitive environment is quite intense. Factors such as the safety and convenience associated with advanced vehicle access solutions, will provide considerable growth opportunities to automotive smart key fob companies. ZF Friedrichshafen, Continental, Valeo, HYUNDAI MOBIS, HELLA, and TOKAIRIKA are some of the major companies covered in this report.

Read the full report: https://www.reportlinker.com/p05628433

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