Asia Pacific Automotive Smart Key Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Asia-Pacific Automotive Smart Key Companies and the market is segmented by Application (Single Function and Multi-function), Technology (Remote Keyless Entry and Passive Keyless Entry), End-user (OEM and Aftermarket), and Geography.

Asia Pacific Automotive Smart Key Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

APAC Automotive Smart Key Market Size

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Asia-Pacific Automotive Smart Key Market Size
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 9.00 %
Market Concentration High

Major Players

Asia-Pacific Automotive Smart Key Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Asia-Pacific Automotive Smart Key Market with other markets in Automotive Industry

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APAC Automotive Smart Key Market Analysis

The Asia-Pacific Automotive Smart Key Market is expected to register a CAGR of greater than 9% during the forecast period.

  • The automotive smart key market in gaining demand in Asia-Pacific countries like India, China, and Japan. The increasing demand is mainly attributed to the factors such as increasing vehicle security, advanced technology keys such as lightweight and eco-friendly materials used inside the chip.
  • Advancements in terms of automotive technology and rapidly growing vehicle thefts are likely to propel the development of smart keys, thus, generating a growth to the market in the coming years.
  • Several leading car manufacturers in this region such as BMW, Mercedes-Benz, Volvo, and Volkswagen are developing compact and attractive smart keys, which shall provide growth opportunities for the market in the years to come.
  • Additionally, features which are likely in high-end luxury cars are also being implemented in budget cars. Companies such as Honda, Hyundai, and KIA which are engaged in developing smart keys even for budget cars.
  • Also, the increasing demand for premium vehicles in this region from the past three years would effectively affect the demand for smart keys in Asia-Pacific.

APAC Automotive Smart Key Industry Overview

The Asia-Pacific Automotive Smart Key market is dominated by players such as Denso Corporation, Tokai Rika Co, Ltd., Continental AG, ZF Friedrichshafen AG, and Valeo SA. These Companies are expanding their business by offering smart key solutions, so that they can have edge over their competitors. Various initiatives, as well as product innovations done by these companies have led them to strengthen their presence in the market.

  • In March 2020, Tokai Rika Co. Ltd and Kimura Unity Co., Ltd had started joint demonstration tests of a digital key system-based service for company vehicles. The digital key is installed in mobile application, which is transmitted to the user's smartphone and used to lock or unlock the doors. This allows the use of company vehicles without the need to hand over and reduce the usage of traditional keys.
  • In September 2019, Continental AG had installed its smartphone key access solution in Honda automobiles. Continental's CoSmA solution will enable Honda owners to open the vehicle or share the key with others using just their smartphone. Using the My Honda+ App, they can unlock the vehicle remotely via Bluetooth Low Energy (BLE).
  • In December 2019, Denso Corporation has announced its joint venture with NTT Communications for developing vehicle security technology for connected cars.

APAC Automotive Smart Key Market Leaders

  1. Denso Corporation

  2. Tokai Rika Co, Ltd.

  3. Continental AG

  4. ZF Friedrichshafen AG

  5. Valeo SA

  6. *Disclaimer: Major Players sorted in no particular order
Denso Corporation, Tokai Rika Co, Ltd., Continental AG, ZF Friedrichshafen AG, and Valeo SA.
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APAC Automotive Smart Key Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Application
    • 5.1.1 Single Function
    • 5.1.2 Multi-function
  • 5.2 Technology
    • 5.2.1 Remote Keyless Entry (RKE)
    • 5.2.2 Passive Keyless Entry (PKE)
  • 5.3 End-user
    • 5.3.1 OEM
    • 5.3.2 Aftermarket
  • 5.4 Country
    • 5.4.1 India
    • 5.4.2 China
    • 5.4.3 Japan
    • 5.4.4 South Korea
    • 5.4.5 Rest of Asia-Pacific

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles
    • 6.2.1 Tokai Rika Co, Ltd.
    • 6.2.2 ZF Friedrichshafen AG
    • 6.2.3 Denso Corporation
    • 6.2.4 Valeo SA
    • 6.2.5 Continental AG
    • 6.2.6 Robert Bosch GmbH
    • 6.2.7 Visteon Corporation
    • 6.2.8 Hyundai Mobis Ltd.
    • 6.2.9 Alpha Corporation
    • 6.2.10 Minda Corp. Ltd
    • 6.2.11 Silicon Laboratories, Inc.
    • 6.2.12 Honda Lock Mfg. Co. Ltd
    • 6.2.13 HELLA GmbH & Co. KGaA
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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APAC Automotive Smart Key Industry Segmentation

A smart key is also known as an intelligent key which provides more functionalities than just unlocking a digital or physical lock system. It is part of a computerized system that uses microchips and sensors to automatically unlock the doors and start the vehicle without the use of a key. The Asia-Pacific automotive smart key study includes the latest developments in smart key and its major players operating the market. The market is segmented by Application, Technology, End-user, and Geography.

The scope of the report includes:

Application Single Function
Multi-function
Technology Remote Keyless Entry (RKE)
Passive Keyless Entry (PKE)
End-user OEM
Aftermarket
Country India
China
Japan
South Korea
Rest of Asia-Pacific
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APAC Automotive Smart Key Market Research FAQs

What is the current Asia-Pacific Automotive Smart Key Market size?

The Asia-Pacific Automotive Smart Key Market is projected to register a CAGR of greater than 9% during the forecast period (2025-2030)

Who are the key players in Asia-Pacific Automotive Smart Key Market?

Denso Corporation, Tokai Rika Co, Ltd., Continental AG, ZF Friedrichshafen AG and Valeo SA are the major companies operating in the Asia-Pacific Automotive Smart Key Market.

What years does this Asia-Pacific Automotive Smart Key Market cover?

The report covers the Asia-Pacific Automotive Smart Key Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Asia-Pacific Automotive Smart Key Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

APAC Automotive Digital Key Industry Report

Statistics for the 2025 Asia-Pacific Automotive Smart Key market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Automotive Smart Key analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.