Automotive Smart Key Market Report 2024 - BMW, Volkswagen, and Mercedes-Benz are Actively Developing Compact and Visually Appealing Smart Keys, Leveraging Lightweight Materials for their Construction - ResearchAndMarkets.com
The global automotive smart key market has recently demonstrated strong performance, culminating in a valuation of USD 12.25 billion as of 2023.
- The global automotive smart key market has recently demonstrated strong performance, culminating in a valuation of USD 12.25 billion as of 2023.
- The market exhibits promising growth prospects, with projections estimating a noteworthy escalation to USD 17.44 billion by the year 2029.
- This trajectory corresponds to a robust compound annual growth rate (CAGR) of 6.07% from 2024 to 2029+-8.
- North America's market is characterized by a keen awareness and affinity for technologically advanced vehicles, bolstered by stringent safety mandates from regulatory authorities.