United States Automotive Smart Keys Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The United States automotive smart keys market is expected to register a CAGR of over 18%, during the forecast period (2020 - 2025).

• Smart Keys were a critical feature in luxury vehicles but now they are even becoming the part of entry-level cars. With the change in vehicle owner expectations for their vehicles to perform tasks that would involve a minor physical or mental effort on their part, the remote “key” has become a mainstay of the vehicle model design. The driver is not required to insert a metal key into the tumbler.
• Smart Key requires pressing a button on a wireless transmitter to perform this arduous chore of locking or unlocking the vehicle doors. In addition, push-button ignition switches have also become common, eliminating the requirement to rotate the mechanical key in an ignition switch cylinder.
• A critical driver of the market in smart key systems is the convenience that 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 in the pocket or bag without requiring to reach around before getting into the vehicle

Scope of the report

The United States automotive smart keys market cover the latest trends and technological developments and provide analysis on the market demand by application type, technology, installation type, country and market share of major automotive smart key manufacturing companies across the United State.

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Key Market Trends

Security Risks is Hindering the Market Growth

The vehicles equipped with smart keys were found out to be highly vulnerable to be hacked, allowing thieves to steal a car easily.

As the digital key has the requirement of a carrier such as a smartphone, theft can easily happen, and through that, it can even control the wireless transmission between the carrier and car.

The research from the Swiss Federal Institute of Technology found that the smart key fobs, especially present in luxury vehicles, are highly susceptible to hacking. The feature allows a driver to unlock doors and start a vehicle without touching the fob. Using radio signals, the fob and vehicle send encrypted signals to each other over short distances, which were vulnerable. The keyless system is always on and always working, and communicating. The car sends a short signal via the low-frequency channel for verifying that the key and the car are capable of communicating or not.

With wired and wireless connections between their antennas, the team was able to unlock and start ten different vehicles even when the distance was eight meters away from the key fob holder. Since the keyless entry systems use the same basic design, the hack can work on millions of vehicles. The car fails to get any signals or alarms, since the signal received is not false.

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