Global Automotive Digital Key Market Overview
According to Global Market Monitor, the global automotive digital key market size is $3615.09 million in 2024 with a CAGR of 15.84% from 2024 to 2029.
The Automotive Digital Key is One of the Achievements of Key Innovation.
Market News
The Tesla APP now supports the ultra-wideband (UWB) key in the 2024.2.3 version of the APP for iPhones.
BYD UWB digital keys have been installed in Han EV Qianshancui, Tang DM-p Ares Edition, Denza N7, Yangwang U8, and other models, and will be seen in Sea Lion 07 and Leopard 5 among others in the future.
In March 2024, Lynk & Co 08 EM-P started the beta test of the 1.3.0 version of Flyme Auto and added the UWB key to Meizu mobile phones. In addition, Lynk & Co 08 EM-P is adapting to the UWB function of the iPhone, which will be available in subsequent editions.
Market Segmentation
By type, the market is further segmented into Field Pass, Bluetooth, etc., and Near Field Communication (NFC) holds a major share in the global market. The NFC-based solution enables owners to lock, unlock, start, and stop their vehicles using NFC with the help of a smartphone app, resulting in increased flexibility and a more cost-effective access mechanism. In addition to connectivity, NFC also plays a vital role in innovative car access control systems that support new business models and smartphone-centric solutions, as well as for sharing, rental, and fleet management. Digital key management systems reduce the cost and complexity of handling keys.
By application, divided into passenger cars and commercial vehicles based on application areas, the passenger car segment holds a major share. The acceleration of urbanization, the improvement of living standards, and the increase in disposable income are the main factors behind the strong global demand for passenger cars.
Development of Digital Key Technology
Because the digital key is connected to the vehicle through a smartphone that operates using software technology, this technology reduces fuel consumption and vehicle emissions. At the same time, due to the increasing demand for vehicles with innovative technical functions in the market, the development of the automotive digital key market. Increased demand for comfort, increased penetration in the automotive market, increased demand for cars equipped with Advanced Driver Assistance Systems (ADAS), regulatory agency regulations regarding toxic waste, and increased measures to implement electric vehicles Vehicle demand is an important factor driving the development of the automotive digital key market.
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By Type |
NFC |
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BLE |
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BLE+NF |
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BLE+NFC+UW |
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The NFC segment holds the largest market share. |
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By Application |
Passenger Vehicle |
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Commercial Vehicle |
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The largest segment by application is the passenger vehicle. |
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