Digital Car Key Technology: Size, Analytical Overview, Growth Factors, Demand, Trends And Forecast To 2021-2031
Automotive Digital Key Market: Introduction According to the report, the global automotive digital key is projected to surpass US$ 11.6 Bn by 2031 , expanding at a CAGR of 21.5% during the forecast period. The features of a digital key enable the use of smart devices. A digital key can be used in the same way as a physical key. It is utilized primarily for locking and unlocking doors of a vehicle. Car keys are undergoing rapid technological changes, owing to advancements in terms of vehicle key technology. The modern car key (digital key) helps the driver to share the information of his vehicle securely through the smartphone application. Additionally, through the smartphone application, the driver can access vehicle functions such as lock/unlock, engine start/off, and locate vehicle. The increase in investment by major players toward digital car key technology and its applications for improving vehicle safety is likely to drive the...