Market Share of Automotive Smart Key Industry
The automotive smart key market is fragmented, with various players existing in the market. Tokai Rika Co. Ltd is the leading player in the automotive smart key market. Additionally, Tokai Rika, Denso, and Alpha Corporation have been the major suppliers of electronic keys/smart keys/keyless systems to Toyota and Nissan in Japan. Various initiatives and product innovations by the companies have led them to strengthen their presence in the market.
- April 2023: Car Keys Express introduced an innovative solution for hardware retailers with the launch of their first fully automated 'hands-free' car key duplication machines named 'Keys NOW!'. These machines are designed to streamline the process of car key duplication and programming, removing the challenges that hardware retailers previously faced in the modern car key market. The Keys NOW! system features an automated key duplication process and allows consumers to easily pair their new keys using a convenient app-based interface, facilitating a more efficient and user-friendly experience.
- July 2022: Toyota Australia announced significant performance and capability enhancements to its flagship HiLux Rogue 4x4 pick-up. On automatic SR5 grades and higher, the steering column lock was replaced by an ID Box anti-theft immobilizer, which adds an extra level of security when starting the car with a smart key.
Automotive Smart Key Market Leaders
Tokai Rika Co. Ltd
Continental AG
Denso Corp
ZF Friedrichshafen AG
Alpha Corp.
*Disclaimer: Major Players sorted in no particular order
