DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/fdzw3k/europe_automotive) has announced the addition of the "Europe Automotive Smart Keys Market - Forecasts and Trends (2015 - 2020)" report to their offering.
The Europe Smart Key market is projected to reach $5.6 billion by the end of 2020 with a CAGR of 23%.
Smart keys are an integral computerized system that uses chips and sensors to open door and start the engine of the vehicle without the use of physical keys. An additional safety feature is integrated into the vehicle, makes it impossible to lock a SmartKey with Keyless Go inside a vehicle.
After a few years on the market, the luxury car OEMs have imitated the technology, along with some economy brands. With the automotive market in Europe reviving its state of situation to the pre-recession levels, the market for Automotive Smart Keys is expected to receive significant traction in the region.
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.
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.
- Hyundai Mobis
- Guangzhou Guangpai
- Shanghai Kaigao
- Shanghai Huyauan
- Tokai Rika
Key Topics Covered:
2. Executive Summary
3. Market Overview And Technology Trends
4. Market Dynamics
5. Europe Automotive Smart Keys Market By Application
6. Europe Automotive Smart Keys Market By Technology
7. Europe Automotive Smart Keys Market-By Installation
8. Europe Automotive Smart Key Market, By Geography
9. Competitive Landscape
10. Key Vendor Analysis
11. Future Outlook Of The Market
For more information visit http://www.researchandmarkets.com/research/fdzw3k/europe_automotive