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As technology in the car business has improved, many new cars have become better, stronger, and more beautiful. You can now keep your car keys on your phone or even in a smartwatch.
Different car companies, like BMW, have come out with Ultra-wideband technology that lets car owners lock and even unlock their cars from a distance.
In this article, we'll talk about what's new in car keys and the different kinds of keys.
We will also look at the market for digital keys for cars in terms of demand, market share, and expected growth rate.
The automotive digital key market's demand, market share, and size
Verified Market Research says that the size of the market for digital keys for cars was USD 1.41 billion in 2021, and that number is expected to reach USD 5.63 billion by 2030. It means that the size of the market for digital keys is expected to grow at a CAGR of 17.3% from 2022 to 2033. High demand for digitization and automation is one of the main things driving up the demand for digital keys for cars.
The Asia-Pacific region has the largest share of the global digital key market. This is because the automotive industry in this area is the first to use new technology. India, Japan, and China are three of the biggest automakers in the world, and they all make keyless cars.
People have been using flip-style car keys, which are also called "switchblade" car keys, for a long time. Many car companies still use flip-style keys because they are small and easy to carry. One thing that makes flip-style car keys stand out is that they can fold up when not in use.
Pros
No hands required
The car locks on its own.
More safety measures
Take up less room in your pocket.
Cons
It costs a lot to replace and fix flip-style car keys.
2. Car key cut with a laser
In the 1990s, laser-cut car keys came out. They were mostly used by luxury car brands. The main reason why luxury car brands made laser-cut keys was to stop cars from being stolen. Laser cut car keys are thicker than other kinds of car keys.
Pros
Car keys with laser cuts can be put in any way.
They are hard to make again.
Transponder chips should be able to be used.
Cons
It costs a lot to fix or replace them.
Laser-cut car keys are easy to break.
3. Master car key
Master car keys are different because they can start the engines and open the doors of more than one car. These keys are only for locksmiths and people who work in the car business.
Pros: They can be useful in an emergency
With master car keys, you can start any car's engine and open any car door.
Cons
There is no way to keep track of lost master car keys.
It's hard to get master car keys.
Master car keys cost a lot.
4. Remote key to a car
Remote car keys are almost the same as keys that are cut with a laser, but they can do more. The laser-cut car keys can only be used with a transponder chip, but the remote car keys have buttons that can turn off the car alarm and open the car. You can unlock a car with a remote key when you are only a few steps away.
Pros
They come with ease and comfort. They also give you more security.
The price of remote car keys is a bit high.
Compared to normal keys, they are bigger.
5. Smart car key
These are the newest kinds of car keys that many car companies are starting to use. Smart car keys are easy for other cars to find when you are nearby. With a smart car key, you can start your car by pressing a button on the key, and you don't have to put the key into the ignition to drive.
Pros
They are the best car keys to have.
Smart car keys are luxury
They don't have to deal with the trouble that comes with the key.
Stopping theft
They have clever features like a button that opens the trunk.
It costs a lot to replace them.
Risk to security
Changes in keys for cars
1. An increase in demand for car keys
Car keys lock and unlock cars, start engines, and keep cars safe, so they are important parts of every car. Even though there are many different kinds of car keys on the market, smart car keys are the best because they have so many great features. With a smart car key, you can drive the car without touching it at all.
There is a lot of demand for cars all over the world, which is making the market for car keys grow. Because people want their cars to be safer and more secure, companies have made smart car keys that are strong, reliable, and easy to carry.
The growth of IOT
The Internet of Things is quickly making its way into the automotive industry. This is because car companies want to give their customers the best experience possible when they drive their cars. Everyone who makes cars wants to make them smarter, more comfortable, and more fuel-efficient. With the Internet of Things (IOT), car companies can now offer customers a number of useful apps, such as:
Handle speed
Fuel tracking
New systems that help drivers
Entertainment systems in cars
The National Highway Traffic and Safety Administration and car companies are working together to solve cybersecurity problems in the auto industry. In the coming years, IOT will continue to grow, and new solutions will be found.
3. Chinese car companies love digital keys
China, which is a major producer and consumer of cars, has switched to digital car keys. In 2014, BYD made a digital key that works with a smartphone and Bluetooth. Vehicles could be locked and unlocked with the key without using a network. A few years later, Xiaopeng Motors, Geely, GAC NE, and Changan Automobile all followed suit and made sure the Bluetooth key was available. Between January and July 2020, 14 brands of passenger cars in China used Bluetooth car keys.
Beijing A few car companies, like Hyundai and BMW, are planning to use digital keys in their next models.
4. The rise of integrated key solutions for cars
BLE, NFC, and UWB are the three different ways to use a digital car key to lock, unlock, and even start a car. Any time these three solutions can be put into one terminal, it can help customers in many ways. People are trying to combine these solutions into a smartphone or other smart wearable device where they can work well together and also do their individual jobs well.
As an all-in-one answer,
-BLE will work to wake up a sleeping car and give permission to send it,
-UWB will focus on figuring out where the driver will be when the car wakes up, and
-NFC will give you an extra way to unlock and start your car in case your phone or smart watch runs out of power.
Conclusion
Digital car keys are being used by many car companies to make their customers happy and make it easier for them to use their cars. Digital car keys have many benefits that can't be ignored, which is why the demand keeps going up every day.
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