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The Japan Automotive Smart Keys market is segmented by Application (Single Function and Multi-function), Technology (Remote Keyless Entry and Passive Keyless Entry), and End-user (OEM and Aftermarket).
The Japan Automotive Smart Keys market is anticipated to register a CAGR of over 12% during the forecast period (2020 - 2025).
The Japan automotive smart key market study includes the latest developments in smart key and its major players operating the market from this region. The market is segmented by Application, Technology, and End-user.
|Remote Keyless Entry|
|Passive Keyless Entry|
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Currently, the passive keyless entry (PKE) is experiencing high growth and it is expected to continue its dominance during the forecast period. The growth is attributed to its automated technology when the user or driver is nearby to the vehicle. Many automobile manufacturers are focusing on the PKE devices to provide comfort to the customer, which in turn, is generating demand to the market. For instance,
Additionally, some smart keys of vehicles such as BMW, Range Rover, Mercedes-Benz and Lexus have the ability to store or save user preferences such as seat positions, steering wheel position, mirror settings, climate control temperature settings, and stereo preferences which can be automatically adjusted by pressing a single button.
Similarly, many automobile manufacturers have introduced smart phone key technology to eliminate the use of traditional keys. Thus, the increasing focus on the advancements of PKE segment shall lead to its highest growth.
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The OEMs segment is likely to dominate the market owing to the presence of major automakers such as Toyota, Lexus, Acura, and Honda. Also, the increasing usage for smart keys is this country is gaining more demand, as many customers are opting for latest technological advancements.
The demand for smart keys in the Japan is growing rapidly, as various Japanese companies are launching vehicles with keyless entry features, which shall lead to a growth of the automotive smart key market in this country. For instance,
The increasing demand for smart keys with advanced technology in Japan is likely to propel the smart key market in the country in the years to come. Thus, such developments are expected to lead to growth in the automotive smart key market in Japan.
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The Japan Automotive Smart Keys market is dominated by few players such as Denso Corporation, Continental AG, Alpha Corporation, Tokai Rika Co, Ltd., 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.
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 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
5.1.1 Single Function
5.2.1 Remote Keyless Entry
5.2.2 Passive Keyless Entry
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Denso Corporation
6.2.2 Continental AG
6.2.3 Valeo SA
6.2.4 Alpha Corporation
6.2.5 Tokai Rika Co. Ltd.
6.2.6 HELLA GmbH & Co. KGaA
6.2.7 ZF Friedrichshafen AG
6.2.8 Hyundai Mobis, Co. Ltd.
6.2.10 Suzuki Motor Corporation
6.2.11 Visteon Corporation
7. MARKET OPPORTUNITIES AND FUTURE TRENDS