Automotive Digital Key Market Analysis Europe,North America,APAC,South America,Middle East and Africa - US,Canada,Germany,UK,Sweden - Size and Forecast 2023-2027

Published: Oct 2023 Pages: 174 SKU: IRTNTR43684

Automotive Digital Key Market Forecast 2023-2027

The automotive digital key market size is estimated to grow at a CAGR of 6.76% between 2022 and 2027. The market size is forecast to increase by USD 777.22 million. The growth of the market depends on several factors, such as the standardization for using smart devices as keys, accessing multiple vehicles with a single device or application, and the rise of the Internet of Things (IoT). Automotive manufacturers are directing more attention towards incorporating IoT technology into the industry, aiming to introduce novel applications and solutions that render vehicles smarter while augmenting comfort, efficiency, and driving safety. This trend encompasses the integration of IoT for connected cars, keyless entry systems, and smart keys, presenting users with unparalleled convenience and security features. By harnessing IoT capabilities, automotive companies are revolutionizing the driving experience, paving the way for a future where vehicles are seamlessly interconnected and equipped with advanced functionalities that enhance both user experience and overall safety on the road.

What will be the size of the Automotive Digital Key Market During the Forecast Period?

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Market Segmentation

This market report extensively covers market segmentation by application (personal use, car sharing, and car rental), vehicle type (passenger cars and commercial vehicles), and geography (Europe, North America, APAC, South America, and the Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

By Application

The personal use segment is estimated to witness significant growth during the forecast period. There are various applications for automotive digital keys for personal use by leveraging technology to improve convenience, security, and functionality. The main function of automotive digital keys is to offer keyless entry and start capabilities.

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The personal use segment was the largest segment and was valued at USD 1.04 billion in 2017. The main advantage of these digital keys is that users are able to start their vehicles, which is especially useful for warming up the car interior on cold days or cooling it down on hot days before entering. Additionally, it enables users to provide temporary access to family members, friends, or valets without giving them a physical key. In addition, this feature improves security as the main keyholder can retain control over vehicle access as the main keyholder can retain control over vehicle access. There is an increasing preference for the automotive digital key segment as it offers numerous advantages and can be used for a wide variety of applications that cater to personal preferences, security needs, and modern technological conveniences, which will significantly fuel the growth of this segment which in turn will drive the market growth during the forecast period.

By Region

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Europe is estimated to contribute 47% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. One of the main factors that are significantly contributing to the growth of the global market in Europe is the increasing demand for the increasing market for car sharing and car rental. Even though the sharing and car rental segment has a lower share in the overall market, the frequent innovation and growing awareness of the use of automotive digital keys will fuel the adoption of this technology across car rental and car-sharing service providers.  

Moreover, the growth in the connected infotainment system, which enables the use of digital keys, is expected to grant access to lock/unlock the door through an over-the-air (OTA) update. For example, NXP Semiconductors NV, headquartered in the Netherlands, provides technologies and system knowledge to enable robust, secure, and scalable car access solutions. Hence, such factors are expected to drive market growth in the region during the forecast period.

Market Dynamics and Customer Landscape

The market is rapidly evolving, revolutionizing how we access and operate vehicles. Traditional keys are being phased out in favor of smart keys, keyless entry, and connected car technologies. These advancements enhance car safety and convenience, offering a seamless keyless experience. From high-end luxury cars to budget vehicles like Honda, manufacturers are incorporating lightweight materials and cutting-edge technologies like finger vein recognition and face recognition. This shift towards digital keys, including key cards, smart key fobs, and even wearable smart keys like smart watches, is transforming how we start/stop engines, lock/unlock doors, and utilize driver safety features. RFID technology and the Senturion key are also driving this transformation, ensuring a robust security system for modern vehicles. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

One of the main factors driving the market growth is the rise of the Internet of Things (IoT). Automotive manufacturers are increasingly focusing on integrating Internet of Things (IoT) technology into the industry to develop new applications and solutions, making vehicles smarter and enhancing comfort, efficiency, and driving safety. This trend includes the adoption of IoT for connected cars, keyless entry systems, and smart keys, offering convenience and security features. Car safety is also a key focus, with advancements in IoT technology enabling features such as advanced driver assistance systems (ADAS) and improved vehicle security. These trends are gaining popularity across a wide range of vehicles, from high-end luxury cars to budget-friendly models, as manufacturers strive to meet the evolving needs of consumers. This trend includes the adoption of IoT for connected car applications such as fuel tracking, advanced driver assistance systems (ADAS), speed control, and in-vehicle infotainment systems. These factors are positively influencing the market and are expected to drive its growth during the forecast period.

Significant Market Trends

A main factor shaping the market growth is the digital key for all connected systems. The automotive digital key is an emerging trend in the market and a disruptive technology that makes the key virtually available.  Another significant development in the research phase in this market is a digital key that can be connected to all the connected devices in the vehicle, including infotainment systems, seats, lighting, and dashboard setup, among others. 

For instance, if the user has a digital key that enables access to a vehicle and can customize infotainment, seat adjustments, and ambient lighting, among others, this stores all these settings and activates when the user drives the vehicle with the digital key access. There is an increasing focus on several OEMs, such as Volkswagen, on developing these for all vehicles under one brand. Hence, such factors are positively impacting the market growth during the forecast period.

Major Market Challenge

Cybersecurity issues are one of the key challenges hindering the market growth. Due to the increasing integration of digital technology in vehicles, there are several challenges and cybersecurity issues associated with the market. Additionally, this automotive industry has to comply with different regulatory frameworks related to cybersecurity and data protection. Hence, it is a significant challenge to adhere to these regulations while delivering seamless digital key solutions.

Moreover, these systems are vulnerable to cyber security attacks, and hackers could gain unauthorized access to vehicles. Additionally, digital key systems comprise the exchange of sensitive data between vehicles and devices, and the interception of these data can lead to privacy breaches or theft of personal information. Hence, such factors can negatively impact the market growth, which in turn will hinder the market growth during the forecast period.

Key Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Who are the Major Automotive Digital Key Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Apple Inc: The company offers automotive digital keys such as WWDC20 digital key and WWDC21 UWB based digital car key.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • Bayerische Motoren Werke AG
  • Continental AG
  • DENSO Corp.
  • Ford Motor Co.
  • Giesecke Devrient GmbH
  • Hyundai Motor Co.
  • IDEMIA France SAS
  • Infineon Technologies AG
  • Mercedes Benz Group AG
  • NXP Semiconductors NV
  • Robert Bosch GmbH
  • Samsung Electronics Co. Ltd.
  • STMicroelectronics International N.V.
  • Telefonaktiebolaget LM Ericsson
  • Tesla Inc.
  • Thales Group
  • Valeo SA
  • Volkswagen AG
  • Volvo Car Corp.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook 
    • Personal use
    • Car sharing
    • Car rental
  • Vehicle Type Outlook
    • Passenger cars
    • Commercial vehicles
  • Geography Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The market is rapidly evolving with the integration of face recognition technologies and wearable keys for convenient access and control of vehicles. Features such as engine start/stop and door lock/unlock are being digitized, with Tesla's Model S and smart electric coupe S01 model leading the way. The market's growth is fueled by the rise of the Internet of Things (IoT), but it also faces challenges like cybersecurity threats. However, with improved technological development and smartphone applications, digital keys offer safe and convenient access, heralding a new era in automotive access control systems.

The market is experiencing significant growth driven by the increasing vehicle digitization and demand for car smart keys. This trend is particularly evident in the segment of budget cars, where manufacturers are incorporating environmentally friendly materials. These are equipped with internal chips and buttons for convenient access and control, exemplified by the features found in the Tesla Model S. Despite challenges like cybersecurity threats, advancements in Bluetooth technology and near field communication (NFC) are enhancing mobile connectivity and enabling keyless entry functions with enhanced driver safety. This market evolution is reshaping the automotive industry, offering new business models and improving connectivity in urbanized areas with rising standard of living and disposable income.

 Market Scope

Report Coverage

Details

Page number

174

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.76%

Market growth 2023-2027

USD 777.22 million

Market structure

Fragmented

YoY growth 2022-2023(%)

6.34

Regional analysis

Europe, North America, APAC, South America, and Middle East and Africa

Performing market contribution

Europe at 47%

Key countries

US, Canada, Germany, UK, and Sweden

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Apple Inc., Bayerische Motoren Werke AG, Continental AG, DENSO Corp., Ford Motor Co., Giesecke Devrient GmbH, Hyundai Motor Co., IDEMIA France SAS, Infineon Technologies AG, Mercedes Benz Group AG, NXP Semiconductors NV, Robert Bosch GmbH, Samsung Electronics Co. Ltd., STMicroelectronics International N.V., Telefonaktiebolaget LM Ericsson, Tesla Inc., Thales Group, Valeo SA, Volkswagen AG, and Volvo Car Corp.

Market dynamics

Parent market analysis, Market  Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Vehicle Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global automotive digital key market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global automotive digital key market 2017 - 2021 ($ million)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.3 Vehicle Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Vehicle Type Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Personal use - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Personal use - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Personal use - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Personal use - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Personal use - Year-over-year growth 2022-2027 (%)
    • 6.4 Car sharing and car rental - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Car sharing and car rental - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Car sharing and car rental - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Car sharing and car rental - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Car sharing and car rental - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Application
      • Exhibit 42: Market opportunity by Application ($ million)
      • Exhibit 43: Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by Vehicle Type

    • 7.1 Market segments
      • Exhibit 44: Chart on Vehicle Type - Market share 2022-2027 (%)
      • Exhibit 45: Data Table on Vehicle Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Vehicle Type
      • Exhibit 46: Chart on Comparison by Vehicle Type
      • Exhibit 47: Data Table on Comparison by Vehicle Type
    • 7.3 Passenger cars - Market size and forecast 2022-2027
      • Exhibit 48: Chart on Passenger cars - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Data Table on Passenger cars - Market size and forecast 2022-2027 ($ million)
      • Exhibit 50: Chart on Passenger cars - Year-over-year growth 2022-2027 (%)
      • Exhibit 51: Data Table on Passenger cars - Year-over-year growth 2022-2027 (%)
    • 7.4 Commercial vehicles - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Commercial vehicles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on Commercial vehicles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on Commercial vehicles - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Commercial vehicles - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Vehicle Type
      • Exhibit 56: Market opportunity by Vehicle Type ($ million)
      • Exhibit 57: Data Table on Market opportunity by Vehicle Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 59: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 60: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 61: Chart on Geographic comparison
      • Exhibit 62: Data Table on Geographic comparison
    • 9.3 Europe - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 64: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 Germany - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.10 UK - Market size and forecast 2022-2027
      • Exhibit 91: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.11 Sweden - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Sweden - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on Sweden - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on Sweden - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Sweden - Year-over-year growth 2022-2027 (%)
    • 9.12 Canada - Market size and forecast 2022-2027
      • Exhibit 99: Chart on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 103: Market opportunity by geography ($ million)
      • Exhibit 104: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 105: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 107: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 108: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 109: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 110: Matrix on vendor position and classification
            • 12.3 Apple Inc.
              • Exhibit 111: Apple Inc. - Overview
              • Exhibit 112: Apple Inc. - Business segments
              • Exhibit 113: Apple Inc. - Key news
              • Exhibit 114: Apple Inc. - Key offerings
              • Exhibit 115: Apple Inc. - Segment focus
            • 12.4 Bayerische Motoren Werke AG
              • Exhibit 116: Bayerische Motoren Werke AG - Overview
              • Exhibit 117: Bayerische Motoren Werke AG - Business segments
              • Exhibit 118: Bayerische Motoren Werke AG - Key news
              • Exhibit 119: Bayerische Motoren Werke AG - Key offerings
              • Exhibit 120: Bayerische Motoren Werke AG - Segment focus
            • 12.5 Continental AG
              • Exhibit 121: Continental AG - Overview
              • Exhibit 122: Continental AG - Business segments
              • Exhibit 123: Continental AG - Key offerings
              • Exhibit 124: Continental AG - Segment focus
            • 12.6 DENSO Corp.
              • Exhibit 125: DENSO Corp. - Overview
              • Exhibit 126: DENSO Corp. - Business segments
              • Exhibit 127: DENSO Corp. - Key news
              • Exhibit 128: DENSO Corp. - Key offerings
              • Exhibit 129: DENSO Corp. - Segment focus
            • 12.7 Ford Motor Co.
              • Exhibit 130: Ford Motor Co. - Overview
              • Exhibit 131: Ford Motor Co. - Business segments
              • Exhibit 132: Ford Motor Co. - Key news
              • Exhibit 133: Ford Motor Co. - Key offerings
              • Exhibit 134: Ford Motor Co. - Segment focus
            • 12.8 Hyundai Motor Co.
              • Exhibit 135: Hyundai Motor Co. - Overview
              • Exhibit 136: Hyundai Motor Co. - Business segments
              • Exhibit 137: Hyundai Motor Co. - Key news
              • Exhibit 138: Hyundai Motor Co. - Key offerings
              • Exhibit 139: Hyundai Motor Co. - Segment focus
            • 12.9 Infineon Technologies AG
              • Exhibit 140: Infineon Technologies AG - Overview
              • Exhibit 141: Infineon Technologies AG - Business segments
              • Exhibit 142: Infineon Technologies AG - Key news
              • Exhibit 143: Infineon Technologies AG - Key offerings
              • Exhibit 144: Infineon Technologies AG - Segment focus
            • 12.10 Mercedes Benz Group AG
              • Exhibit 145: Mercedes Benz Group AG - Overview
              • Exhibit 146: Mercedes Benz Group AG - Business segments
              • Exhibit 147: Mercedes Benz Group AG - Key offerings
              • Exhibit 148: Mercedes Benz Group AG - Segment focus
            • 12.11 NXP Semiconductors NV
              • Exhibit 149: NXP Semiconductors NV - Overview
              • Exhibit 150: NXP Semiconductors NV - Product / Service
              • Exhibit 151: NXP Semiconductors NV - Key news
              • Exhibit 152: NXP Semiconductors NV - Key offerings
            • 12.12 Robert Bosch GmbH
              • Exhibit 153: Robert Bosch GmbH - Overview
              • Exhibit 154: Robert Bosch GmbH - Business segments
              • Exhibit 155: Robert Bosch GmbH - Key news
              • Exhibit 156: Robert Bosch GmbH - Key offerings
              • Exhibit 157: Robert Bosch GmbH - Segment focus
            • 12.13 Samsung Electronics Co. Ltd.
              • Exhibit 158: Samsung Electronics Co. Ltd. - Overview
              • Exhibit 159: Samsung Electronics Co. Ltd. - Business segments
              • Exhibit 160: Samsung Electronics Co. Ltd. - Key news
              • Exhibit 161: Samsung Electronics Co. Ltd. - Key offerings
              • Exhibit 162: Samsung Electronics Co. Ltd. - Segment focus
            • 12.14 Tesla Inc.
              • Exhibit 163: Tesla Inc. - Overview
              • Exhibit 164: Tesla Inc. - Business segments
              • Exhibit 165: Tesla Inc. - Key news
              • Exhibit 166: Tesla Inc. - Key offerings
              • Exhibit 167: Tesla Inc. - Segment focus
            • 12.15 Thales Group
              • Exhibit 168: Thales Group - Overview
              • Exhibit 169: Thales Group - Business segments
              • Exhibit 170: Thales Group - Key news
              • Exhibit 171: Thales Group - Key offerings
              • Exhibit 172: Thales Group - Segment focus
            • 12.16 Valeo SA
              • Exhibit 173: Valeo SA - Overview
              • Exhibit 174: Valeo SA - Business segments
              • Exhibit 175: Valeo SA - Key news
              • Exhibit 176: Valeo SA - Key offerings
              • Exhibit 177: Valeo SA - Segment focus
            • 12.17 Volkswagen AG
              • Exhibit 178: Volkswagen AG - Overview
              • Exhibit 179: Volkswagen AG - Business segments
              • Exhibit 180: Volkswagen AG - Key offerings
              • Exhibit 181: Volkswagen AG - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 182: Inclusions checklist
                • Exhibit 183: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 184: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 185: Research methodology
                • Exhibit 186: Validation techniques employed for market sizing
                • Exhibit 187: Information sources
              • 13.5 List of abbreviations
                • Exhibit 188: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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