Automotive Smart Key Market 2020-2030 by Technology (Transmitter, Capacitive, Infra-red), Application (Single-function, Multi-function), Vehicle Type, Mode of Sales and Region: Trend Forecast and Growth Opportunity
- Report ID: 3443
- Date: Sep, 2021
- Pages: 168
- Category: Automotive & Transportation
Global automotive smart key market will reach $28.65 billion by 2030, growing by 5.4% annually over 2020-2030 driven by rising electrification in automobiles, technological advancements, as well as increasing vehicle thefts.
Highlighted with 85 tables and 81 figures, this 168-page report “Global Automotive smart key Market 2020-2030 by Sensor Type, Technology (Global Automotive Smart Key Market 2020-2030 by Technology (Transmitter, Capacitive, Infra-red), Application (Single-function, Multi-function), Vehicle Type, Mode of Sales and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global automotive smart key market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain.
The report is based on studies on 2015-2020 and provides forecast from 2021 till 2030 with 2020 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global automotive smart key market in every aspect of the classification from perspectives of Technology, Application, Vehicle Type, Mode of Sales, and Region.
Based on Technology, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2020-2030 included in each section.
• Transmitter Technology
• Capacitive Sensor Technology
• Infra-red Sensor Technology
• Other Technologies
Based on Application, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2020-2030 included in each section.
• Single-function Smart Keys
• Multi-function Smart Keys
Based on Vehicle Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2020-2030 included in each section.
Non-electric Vehicles
• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Two-Wheelers
Electric Vehicles (EV)
• Battery Electric Vehicle (BEV)
• Hybrid Electric Vehicle (HEV)
• Plug-in Hybrid Electric Vehicle (PHEV)
• Fuel Cell Electric Vehicle (FCEV)
Based on Mode of Sales, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2020-2030 included in each section.
• OEM
• Replacement
Geographically, the following regions together with the listed national/local markets are fully investigated:
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Turkey, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE, Saudi Arabia, South Africa)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2020-2030. The breakdown of all regional markets by country and split of key national markets by Technology, Application, and Mode of Sales over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Specifically, potential risks associated with investing in global automotive smart key market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.
Key Players (this may not be a complete list and extra companies can be added upon request):
Alpha Corp
Continental AG
Denso Corporation
HELLA KGaA HUECK
Honda Lock MFG. CO. LTD
Huf Hülsbeck & Fürst GmbH & Co. KG
HYUNDAI Mobis Co. Ltd.
Minda Corp Ltd.
SILCA SPA
South East (Fujian) Motor Corporation Ltd.
TOKAI Rika Co. Ltd.
TOYOTA Motor Corp
United Technologies Corporation
Valeo SA
ZF FRIEDRICHSHAFEN AG
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 8
1.1 Industry Definition and Research Scope 8
1.1.1 Industry Definition 8
1.1.2 Research Scope 9
1.2 Research Methodology 12
1.2.1 Overview of Market Research Methodology 12
1.2.2 Market Assumption 13
1.2.3 Secondary Data 13
1.2.4 Primary Data 13
1.2.5 Data Filtration and Model Design 15
1.2.6 Market Size/Share Estimation 16
1.2.7 Research Limitations 17
1.3 Executive Summary 18
2 Market Overview and Dynamics 20
2.1 Market Size and Forecast 20
2.1.1 Impact of COVID-19 on World Economy 21
2.1.2 Impact of COVID-19 on the Market 24
2.2 Major Growth Drivers 26
2.3 Market Restraints and Challenges 31
2.4 Emerging Opportunities and Market Trends 34
2.5 Porter’s Fiver Forces Analysis 38
3 Segmentation of Global Market by Technology 42
3.1 Market Overview by Technology 42
3.2 Transmitter Technology 44
3.3 Capacitive Sensor Technology 45
3.4 Infra-red Sensor Technology 46
3.5 Other Technologies 47
4 Segmentation of Global Market by Application 48
4.1 Market Overview by Application 48
4.2 Single-function Smart Keys 50
4.3 Multi-function Smart Keys 51
5 Segmentation of Global Market by Vehicle Type 52
5.1 Market Overview by Vehicle Type 52
5.2 Non-electric Vehicles 54
5.2.1 Passenger Cars 56
5.2.2 Light Commercial Vehicles 57
5.2.3 Heavy Commercial Vehicles 58
5.2.4 Two-Wheelers 59
5.3 Electric Vehicles (EV) 60
5.3.1 Battery Electric Vehicle (BEV) 62
5.3.2 Hybrid Electric Vehicle (HEV) 63
5.3.3 Plug-in Hybrid Electric Vehicle (PHEV) 64
5.3.4 Fuel Cell Electric Vehicle (FCEV) 65
6 Segmentation of Global Market by Mode of Sales 66
6.1 Market Overview by Mode of Sales 66
6.2 OEM 68
6.3 Replacement 69
7 Segmentation of Global Market by Region 70
7.1 Geographic Market Overview 2020-2030 70
7.2 North America Market 2020-2030 by Country 74
7.2.1 Overview of North America Market 74
7.2.2 U.S. 78
7.2.3 Canada 82
7.2.4 Mexico 84
7.3 European Market 2020-2030 by Country 86
7.3.1 Overview of European Market 86
7.3.2 Germany 90
7.3.3 U.K. 92
7.3.4 France 94
7.3.5 Spain 96
7.3.6 Italy 98
7.3.7 Russia 100
7.3.8 Rest of European Market 102
7.4 Asia-Pacific Market 2020-2030 by Country 104
7.4.1 Overview of Asia-Pacific Market 104
7.4.2 Japan 108
7.4.3 China 111
7.4.4 Australia 113
7.4.5 India 115
7.4.6 South Korea 117
7.4.7 Rest of APAC Region 119
7.5 South America Market 2020-2030 by Country 121
7.5.1 Argentina 124
7.5.2 Brazil 126
7.5.3 Chile 128
7.5.4 Rest of South America Market 130
7.6 MEA Market 2020-2030 by Country 131
7.6.1 UAE 134
7.6.2 Saudi Arabia 136
7.6.3 South Africa 138
7.6.4 Other National Markets 140
8 Competitive Landscape 141
8.1 Overview of Key Vendors 141
8.2 New Product Launch, Partnership, Investment, and M&A 145
8.3 Company Profiles 146
Alpha Corp 146
Continental AG 148
Denso Corporation 149
HELLA KGaA HUECK 150
Honda Lock MFG. CO. LTD 151
Huf Hülsbeck & Fürst GmbH & Co. KG 152
HYUNDAI Mobis Co. Ltd. 153
Minda Corp Ltd. 154
SILCA SPA 155
South East (Fujian) Motor Corporation Ltd. 156
TOKAI Rika Co. Ltd. 157
TOYOTA Motor Corp 158
United Technologies Corporation 159
Valeo SA 160
ZF FRIEDRICHSHAFEN AG 161
9 Investing in Global Market: Risk Assessment and Management 162
9.1 Risk Evaluation of Global Market 162
9.2 Critical Success Factors (CSFs) 165
Related Reports and Products 168
List of Tables
Table 1. Snapshot of Global Automotive Smart Key Market in Balanced Perspective, 2020-2030 19Table 2. Growth Rate of World Real GDP, 2017-2021 22
Table 3. Main Product Trends and Market Opportunities in Global Automotive Smart Key Market 34
Table 4. Global Automotive Smart Key Market by Technology, 2020-2030, $ mn 42
Table 5. Global Automotive Smart Key Market by Application, 2020-2030, $ mn 48
Table 6. Global Automotive Smart Key Market by Vehicle Type, 2020-2030, $ mn 52
Table 7. Global Automotive Smart Key Market: Non-electric Vehicles by Segment, 2020-2030, $ mn 55
Table 8. Global Automotive Smart Key Market: Electric Vehicles by Type, 2020-2030, $ mn 61
Table 9. Global Automotive Smart Key Market by Mode of Sales, 2020-2030, $ mn 66
Table 10. Global Automotive Smart Key Market by Region, 2020-2030, $ mn 71
Table 11. Leading National Automotive Smart Key Market, 2020 and 2030, $ mn 73
Table 12. North America Automotive Smart Key Market by Country, 2020-2030, $ mn 76
Table 13. U.S. Automotive Smart Key Market by Technology, 2020-2030, $ mn 80
Table 14. U.S. Automotive Smart Key Market by Application, 2020-2030, $ mn 80
Table 15. U.S. Automotive Smart Key Market by Mode of Sales, 2020-2030, $ mn 80
Table 16. Canada Automotive Smart Key Market by Technology, 2020-2030, $ mn 83
Table 17. Canada Automotive Smart Key Market by Application, 2020-2030, $ mn 83
Table 18. Canada Automotive Smart Key Market by Mode of Sales, 2020-2030, $ mn 83
Table 19. Mexico Automotive Smart Key Market by Technology, 2020-2030, $ mn 85
Table 20. Mexico Automotive Smart Key Market by Application, 2020-2030, $ mn 85
Table 21. Mexico Automotive Smart Key Market by Mode of Sales, 2020-2030, $ mn 85
Table 22. Europe Automotive Smart Key Market by Country, 2020-2030, $ mn 89
Table 23. Germany Automotive Smart Key Market by Technology, 2020-2030, $ mn 91
Table 24. Germany Automotive Smart Key Market by Application, 2020-2030, $ mn 91
Table 25. Germany Automotive Smart Key Market by Mode of Sales, 2020-2030, $ mn 91
Table 26. U.K. Automotive Smart Key Market by Technology, 2020-2030, $ mn 93
Table 27. U.K. Automotive Smart Key Market by Application, 2020-2030, $ mn 93
Table 28. U.K. Automotive Smart Key Market by Mode of Sales, 2020-2030, $ mn 93
Table 29. France Automotive Smart Key Market by Technology, 2020-2030, $ mn 95
Table 30. France Automotive Smart Key Market by Application, 2020-2030, $ mn 95
Table 31. France Automotive Smart Key Market by Mode of Sales, 2020-2030, $ mn 95
Table 32. Spain Automotive Smart Key Market by Technology, 2020-2030, $ mn 97
Table 33. Spain Automotive Smart Key Market by Application, 2020-2030, $ mn 97
Table 34. Spain Automotive Smart Key Market by Mode of Sales, 2020-2030, $ mn 97
Table 35. Italy Automotive Smart Key Market by Technology, 2020-2030, $ mn 99
Table 36. Italy Automotive Smart Key Market by Application, 2020-2030, $ mn 99
Table 37. Italy Automotive Smart Key Market by Mode of Sales, 2020-2030, $ mn 99
Table 38. Russia Automotive Smart Key Market by Technology, 2020-2030, $ mn 101
Table 39. Russia Automotive Smart Key Market by Application, 2020-2030, $ mn 101
Table 40. Russia Automotive Smart Key Market by Mode of Sales, 2020-2030, $ mn 101
Table 41. Automotive Smart Key Market in Rest of Europe by Country, 2020-2030, $ mn 103
Table 42. APAC Automotive Smart Key Market by Country, 2020-2030, $ mn 106
Table 43. Japan Automotive Smart Key Market by Technology, 2020-2030, $ mn 110
Table 44. Japan Automotive Smart Key Market by Application, 2020-2030, $ mn 110
Table 45. Japan Automotive Smart Key Market by Mode of Sales, 2020-2030, $ mn 110
Table 46. China Automotive Smart Key Market by Technology, 2020-2030, $ mn 112
Table 47. China Automotive Smart Key Market by Application, 2020-2030, $ mn 112
Table 48. China Automotive Smart Key Market by Mode of Sales, 2020-2030, $ mn 112
Table 49. Australia Automotive Smart Key Market by Technology, 2020-2030, $ mn 114
Table 50. Australia Automotive Smart Key Market by Application, 2020-2030, $ mn 114
Table 51. Australia Automotive Smart Key Market by Mode of Sales, 2020-2030, $ mn 114
Table 52. India Automotive Smart Key Market by Technology, 2020-2030, $ mn 116
Table 53. India Automotive Smart Key Market by Application, 2020-2030, $ mn 116
Table 54. India Automotive Smart Key Market by Mode of Sales, 2020-2030, $ mn 116
Table 55. South Korea Automotive Smart Key Market by Technology, 2020-2030, $ mn 118
Table 56. South Korea Automotive Smart Key Market by Application, 2020-2030, $ mn 118
Table 57. South Korea Automotive Smart Key Market by Mode of Sales, 2020-2030, $ mn 118
Table 58. Automotive Smart Key Market in Rest of APAC by Country, 2020-2030, $ mn 120
Table 59. South America Automotive Smart Key Market by Country, 2020-2030, $ mn 123
Table 60. Argentina Automotive Smart Key Market by Technology, 2020-2030, $ mn 125
Table 61. Argentina Automotive Smart Key Market by Application, 2020-2030, $ mn 125
Table 62. Argentina Automotive Smart Key Market by Mode of Sales, 2020-2030, $ mn 125
Table 63. Brazil Automotive Smart Key Market by Technology, 2020-2030, $ mn 127
Table 64. Brazil Automotive Smart Key Market by Application, 2020-2030, $ mn 127
Table 65. Brazil Automotive Smart Key Market by Mode of Sales, 2020-2030, $ mn 127
Table 66. Chile Automotive Smart Key Market by Technology, 2020-2030, $ mn 129
Table 67. Chile Automotive Smart Key Market by Application, 2020-2030, $ mn 129
Table 68. Chile Automotive Smart Key Market by Mode of Sales, 2020-2030, $ mn 129
Table 69. MEA Automotive Smart Key Market by Country, 2020-2030, $ mn 133
Table 70. UAE Automotive Smart Key Market by Technology, 2020-2030, $ mn 135
Table 71. UAE Automotive Smart Key Market by Application, 2020-2030, $ mn 135
Table 72. UAE Automotive Smart Key Market by Mode of Sales, 2020-2030, $ mn 135
Table 73. Saudi Arabia Automotive Smart Key Market by Technology, 2020-2030, $ mn 137
Table 74. Saudi Arabia Automotive Smart Key Market by Application, 2020-2030, $ mn 137
Table 75. Saudi Arabia Automotive Smart Key Market by Mode of Sales, 2020-2030, $ mn 137
Table 76. South Africa Automotive Smart Key Market by Technology, 2020-2030, $ mn 139
Table 77. South Africa Automotive Smart Key Market by Application, 2020-2030, $ mn 139
Table 78. South Africa Automotive Smart Key Market by Mode of Sales, 2020-2030, $ mn 139
Table 79. Breakdown of Global Market by Key Vendor, 2020, % 143
Table 80. Alpha Corp: Company Snapshot 146
Table 81. Alpha Corp: Business Segmentation 146
Table 82. Alpha Corp: Product Portfolio 147
Table 83. Alpha Corp: Revenue, 2017-2019, $ mn 147
Table 84. Risk Evaluation for Investing in Global Market, 2020-2030 163
Table 85. Critical Success Factors and Key Takeaways 166
List of Figures
Figure 1. Research Method Flow Chart 12Figure 2. Breakdown of Primary Research 14
Figure 3. Bottom-up Approach and Top-down Approach for Market Estimation 16
Figure 4. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2020-2030 18
Figure 5. Global Automotive Smart Key Market, 2020-2030, $ mn 20
Figure 6. Impact of COVID-19 on Business 24
Figure 7. Primary Drivers and Impact Factors of Global Automotive Smart Key Market 26
Figure 8. World Autonomous Vehicle Market, 2019-2030, $ mn 29
Figure 9. World Advanced Driver Assistance Systems Market, 2019-2030, $ mn 29
Figure 10. World Electric Vehicle Market, 2019-2030, $ bn 30
Figure 11. Primary Restraints and Impact Factors of Global Automotive Smart Key Market 31
Figure 12. Investment Opportunity Analysis 35
Figure 13. Porter’s Fiver Forces Analysis of Global Automotive Smart Key Market 38
Figure 14. Breakdown of Global Automotive Smart Key Market by Technology, 2020-2030, % of Revenue 43
Figure 15. Global Addressable Market Cap in 2021-2030 by Technology, Value ($ mn) and Share (%) 43
Figure 16. Global Automotive Smart Key Market: Transmitter Technology, 2020-2030, $ mn 44
Figure 17. Global Automotive Smart Key Market: Capacitive Sensor Technology, 2020-2030, $ mn 45
Figure 18. Global Automotive Smart Key Market: Infra-red Sensor Technology, 2020-2030, $ mn 46
Figure 19. Global Automotive Smart Key Market: Other Technologies, 2020-2030, $ mn 47
Figure 20. Breakdown of Global Automotive Smart Key Market by Application, 2020-2030, % of Sales Revenue 49
Figure 21. Global Addressable Market Cap in 2021-2030 by Application, Value ($ mn) and Share (%) 49
Figure 22. Global Automotive Smart Key Market: Single-function Smart Keys, 2020-2030, $ mn 50
Figure 23. Global Automotive Smart Key Market: Multi-function Smart Keys, 2020-2030, $ mn 51
Figure 24. Breakdown of Global Automotive Smart Key Market by Vehicle Type, 2021-2030, % of Revenue 52
Figure 25. Contribution to Global 2021-2030 Cumulative Revenue by Vehicle Type, Value ($ mn) and Share (%) 53
Figure 26. Global Automotive Smart Key Market: Non-electric Vehicles, 2020-2030, $ mn 54
Figure 27. Global Automotive Smart Key Market: Passenger Cars, 2020-2030, $ mn 56
Figure 28. Global Automotive Smart Key Market: Light Commercial Vehicles, 2020-2030, $ mn 57
Figure 29. Global Automotive Smart Key Market: Heavy Commercial Vehicles, 2020-2030, $ mn 58
Figure 30. Global Automotive Smart Key Market: Two-Wheelers, 2020-2030, $ mn 59
Figure 31. Global Automotive Smart Key Market: Electric Vehicles (EV), 2020-2030, $ mn 60
Figure 32. Global Automotive Smart Key Market: Battery Electric Vehicle (BEV), 2020-2030, $ mn 62
Figure 33. Global Automotive Smart Key Market: Hybrid Electric Vehicle (HEV), 2020-2030, $ mn 63
Figure 34. Global Automotive Smart Key Market: Plug-in Hybrid Electric Vehicle (PHEV), 2020-2030, $ mn 64
Figure 35. Global Automotive Smart Key Market: Fuel Cell Electric Vehicle (FCEV), 2020-2030, $ mn 65
Figure 36. Breakdown of Global Automotive Smart Key Market by Mode of Sales, 2020-2030, % of Revenue 67
Figure 37. Global Addressable Market Cap in 2021-2030 by Mode of Sales, Value ($ mn) and Share (%) 67
Figure 38. Global Automotive Smart Key Market: OEM, 2020-2030, $ mn 68
Figure 39. Global Automotive Smart Key Market: Replacement, 2020-2030, $ mn 69
Figure 40. Global Market Snapshot by Region 70
Figure 41. Geographic Spread of Worldwide Automotive Smart Key Market, 2020-2030, % of Sales Revenue 71
Figure 42. Global Addressable Market Cap in 2021-2030 by Region, Value ($ mn) and Share (%) 72
Figure 43. North American Automotive Smart Key Market, 2020-2030, $ mn 75
Figure 44. Breakdown of North America Automotive Smart Key Market by Country, 2020 and 2030, % of Revenue 76
Figure 45. Contribution to North America 2021-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%) 77
Figure 46. U.S. Automotive Smart Key Market, 2020-2030, $ mn 79
Figure 47. Canada Automotive Smart Key Market, 2020-2030, $ mn 82
Figure 48. Automotive Smart Key Market in Mexico, 2015-2030, $ mn 84
Figure 49. European Automotive Smart Key Market, 2020-2030, $ mn 87
Figure 50. Breakdown of European Automotive Smart Key Market by Country, 2020 and 2030, % of Revenue 88
Figure 51. Contribution to Europe 2021-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%) 89
Figure 52. Automotive Smart Key Market in Germany, 2020-2030, $ mn 90
Figure 53. Automotive Smart Key Market in U.K., 2020-2030, $ mn 92
Figure 54. Automotive Smart Key Market in France, 2020-2030, $ mn 94
Figure 55. Automotive Smart Key Market in Spain, 2020-2030, $ mn 96
Figure 56. Automotive Smart Key Market in Italy, 2020-2030, $ mn 98
Figure 57. Automotive Smart Key Market in Russia, 2020-2030, $ mn 100
Figure 58. Automotive Smart Key Market in Rest of Europe, 2020-2030, $ mn 102
Figure 59. Asia-Pacific Automotive Smart Key Market, 2020-2030, $ mn 105
Figure 60. Breakdown of APAC Automotive Smart Key Market by Country, 2020 and 2030, % of Revenue 105
Figure 61. Contribution to APAC 2021-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%) 107
Figure 62. Automotive Smart Key Market in Japan, 2020-2030, $ mn 109
Figure 63. Automotive Smart Key Market in China, 2020-2030, $ mn 111
Figure 64. Automotive Smart Key Market in Australia, 2020-2030, $ mn 113
Figure 65. Automotive Smart Key Market in India, 2020-2030, $ mn 115
Figure 66. Automotive Smart Key Market in South Korea, 2020-2030, $ mn 117
Figure 67. Automotive Smart Key Market in Rest of APAC, 2020-2030, $ mn 119
Figure 68. South America Automotive Smart Key Market, 2020-2030, $ mn 122
Figure 69. Breakdown of South America Automotive Smart Key Market by Country, 2020 and 2030, % of Revenue 122
Figure 70. Contribution to South America 2021-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%) 123
Figure 71. Automotive Smart Key Market in Argentina, 2020-2030, $ mn 124
Figure 72. Automotive Smart Key Market in Brazil, 2020-2030, $ mn 126
Figure 73. Automotive Smart Key Market in Chile, 2020-2030, $ mn 128
Figure 74. Automotive Smart Key Market in Rest of South America, 2020-2030, $ mn 130
Figure 75. Automotive Smart Key Market in Middle East and Africa (MEA), 2020-2030, $ mn 132
Figure 76. Breakdown of MEA Automotive Smart Key Market by Country, 2020 and 2030, % of Revenue 132
Figure 77. Contribution to MEA 2021-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%) 133
Figure 78. Automotive Smart Key Market in UAE, 2020-2030, $ mn 134
Figure 79. Automotive Smart Key Market in Saudi Arabia, 2020-2030, $ mn 136
Figure 80. Automotive Smart Key Market in South Africa, 2020-2030, $ mn 138
Figure 81. Growth Stage of Global Automotive Smart Key Industry over the Forecast Period 141
Research methodology is mainly referring to the practical how of any offered piece of research. More specifically, it’s all about how a researcher systematically designs a study in order to assure extremely valid as well as reliable results that ultimately address the targets and objectives of the research.
In any formal research including academic journal, article, dissertation and so on, there will be a special section on a research methodology that mainly describes what, by whom, how to gather as well as how to evaluate the data are provided.
This research methodology has been segmented into following types:
Primary Research:
It is said to be original information that the researchers collect for the crucial purposes of answering the research questions of readers with the help of surveys, observations and experiments.
Secondary Research:
The secondary research is the data that has already been collected by various other researchers in the form of government analysis or scientific studies.
Qualitative Research:
It is descriptive and subjective method irrespective of facts. Both observation and description are essential in this type of research methodology. Its main vision is to analyze knowledge, attitudes, behaviours as well as opinions of people related to the topic of any research. This method has been operated through grounded research, case study and actionable research.
Quantitative Research:
It contains several laboratory experiments, basic surveys, mathematical calculations, simulations and so on. The possible measurement, quantity or amount is considered to be a major factor in the quantitative research methodology.
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