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.

Technavio has announced its latest market research report titled Global Automotive Smart Key Fob Market 2020-2024 (Graphic: Business Wire)

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

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Major Three Automotive Smart Key Fob Market Participants:

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. 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 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.

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

CONTACT: Technavio Research

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SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 11/02/2020 02:30 AM/DISC: 11/02/2020 02:31 AM

Copyright Business Wire 2020.