The
automotive smart key fob market is
expected to grow by 23.98 million units during 2020-2024, according to
Technavio. The report offers a detailed analysis of the impact of COVID-19
pandemic on the automotive smart key fob market in optimistic, probable, and
pessimistic forecast scenarios.
Enterprises will go through Response, Recovery and Renew phases. Download a Free Sample Report on
COVID-19
The automotive smart key fob market will witness Negative impact during
the forecast period owing to the widespread growth of the COVID-19 pandemic. As
per Technavio’s pandemic-focused market research, market growth is likely to
Increase as compared to 2019.
With the continuing spread of the novel coronavirus pandemic,
organizations across the globe are gradually flattening their recessionary
curve by leveraging technology. Many businesses will go through response,
recovery and renew phases. Building business resilience and enabling agility
will aid organizations to move forward in their journey out of the COVID-19
crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their
strategic planning to move ahead once business stability
kicks in.
- Build Resilience
by making
effective resource and investment choices for individual business
units, products and service lines.
- Conceptualize
scenario-based planning to mitigate future crisis situations.
Download the Post-Pandemic Business Planning Structure. Click here
Key Considerations for Market Forecast:
- Impact of lockdowns, supply
chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and
pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19
market estimates
- Quarterly impact analysis
and updates on market estimates
Major Three Automotive Smart Key Fob Market Participants:
Continental AG
Continental AG operates its business under various segments such as
chassis and safety, powertrain, interior, tires, and ContiTech. The company
offers smart key fob for automotive.
DENSO Corp.
DENSO Corp. operates its business under six segments, which include
thermal systems, powertrain systems, electrification systems, mobility systems,
electronic systems, and non-automotive business. The company offers automotive
key systems where mobile phones can be used as keys.
HELLA GmbH & Co. KGaA
HELLA GmbH & Co. KGaA operates its business under automotive,
aftermarket, and special appliances. The company offers radio remote control as
passive entry system for vehicles.
Automotive Smart Key Fob Market 2020-2024: Segmentation
Automotive smart key fob market is segmented as below:
- Application
- Entry-segments
- Mid-segments
- Luxury-segments
- Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America
The automotive smart key fob market is driven by the rising demand of
automotive electronics. In addition, other factors such as the growing penetration
rate of advanced functionalities in entry-segment cars are expected to trigger
the automotive smart key fob market toward witnessing a CAGR of over 3% during
the forecast period.
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