Digital Car Key Capabilities Set to Ship in 60 Million Vehicles by 2031, Unlocking Ongoing Revenue for Auto OEMs - Thailand PR News - [Banking](https://thailandbusinessnews.net/category/banking/) - [Companies](https://thailandbusinessnews.net/category/companies/) - [Economy](https://thailandbusinessnews.net/category/economy/) - [Press Releases](https://thailandbusinessnews.net/category/press-release/) - [PR Newswire](https://thailandbusinessnews.net/pr-newswire-updates/) - [Tech](https://thailandbusinessnews.net/category/tech/) - [Tourism](https://thailandbusinessnews.net/category/tourism/) - [Press Release](https://thailandbusinessnews.net/category/press-release/) # Digital Car Key Capabilities Set to Ship in 60 Million Vehicles by 2031, Unlocking Ongoing Revenue for Auto OEMs ##### Up next ![A VISUAL CELEBRATION OF TWO AND A HALF CENTURIES OF TRADITION IN SHOEMAKING](https://i0.wp.com/r2.thailandbusinessnews.net/2024/12/BU1_BIRKENSTOCK_Book_of_Birkenstock.jpg?resize=200%2C110&ssl=1 "A VISUAL CELEBRATION OF TWO AND A HALF CENTURIES OF TRADITION IN SHOEMAKING") [](https://thailandbusinessnews.net/press-release/a-visual-celebration-of-two-and-a-half-centuries-of-tradition-in-shoemaking/) ###### [A VISUAL CELEBRATION OF TWO AND A HALF CENTURIES OF TRADITION IN SHOEMAKING](https://thailandbusinessnews.net/press-release/a-visual-celebration-of-two-and-a-half-centuries-of-tradition-in-shoemaking/) Published on 11 December 2024 ##### Author ##### [ CISION PRNewswire ](https://thailandbusinessnews.net/author/cision/) ##### Tags - [PRNewswire](https://thailandbusinessnews.net/tag/prnewswire/) ![](https://mma.prnasia.com/media2/2309035/ABI_Research_2024.jpg?p=medium600 "logo") NEW YORK, Dec. 11, 2024 /PRNewswire/ — Digital car keys offer automotive Original Equipment Manufacturers (OEMs) a powerful way to showcase their digital capabilities, providing customers with seamless, value-added vehicle access and passive start features. Global technology intelligence firm ABI Research forecasts shipments of vehicles with digital car key technology to grow at a strong CAGR of 17.2% from 2024 to 2031, reaching nearly 60 million vehicles by the end of the forecast period. These keys can be enhanced with new features over time, enabling OEMs to drive ongoing revenue through optional upgrades that require a subscription. OEMs often enable digital key features for free for the first year of ownership, then charge annually after the trial. However, OEMs must carefully choose the right technologies suited to different regions and price segments to maximize revenue potential. "For example, Ultrawideband (UWB) technology for digital car keys provides drivers with precise positioning and passive unlocking of the vehicle, albeit for a higher price tag for the UWB chipset and accompanying anchors in the car," explains Abu Miah, Smart Mobility & Automotive Analyst at ABI Research. "For premium vehicle lines, UWB should still be a no-brainer, as the security advantages it provides over other technologies, such as Bluetooth Low Energy (BLE) or Near-Field Communication (NFC), are must-haves for drivers of higher-end vehicles that are more commonly the target of theft through relay attacks. In more affordable models, the price tag of UWB may not be worth the investment." BLE and NFC combination solutions and BLE, NFC, and UWB combination solutions are the fastest growing in the market, with a CAGR of 14% and 34%, respectively, with the difference arising because of the relatively early stage in the market for UWB solutions. Digital car key solutions are expected to reach 70% of vehicle shipments globally by 2031, rising from just 22% in 2023. More and more OEMs are shipping all of their vehicle lines with some sort of digital key functionality, with several also including UWB support in their top-of-the-line models in the last year, such as [BMW](https://c212.net/c/link/?t=0&l=en&o=4322342-1&h=4002771875&u=https%3A%2F%2Fwww.abiresearch.com%2Fcompanies%2Fbmw-group%2F&a=BMW), [Kia](https://c212.net/c/link/?t=0&l=en&o=4322342-1&h=3448946964&u=https%3A%2F%2Fwww.abiresearch.com%2Fcompanies%2Fkia%2F&a=Kia), [Mercedes-Benz](https://c212.net/c/link/?t=0&l=en&o=4322342-1&h=766555805&u=https%3A%2F%2Fwww.abiresearch.com%2Fcompanies%2Fmercedes-benz%2F&a=Mercedes-Benz), and [Hyundai](https://c212.net/c/link/?t=0&l=en&o=4322342-1&h=3563000304&u=https%3A%2F%2Fwww.abiresearch.com%2Fcompanies%2Fhyundai%2F&a=Hyundai). These companies are supported in deployment by their Tier One suppliers, chipset suppliers (such as [NXP](https://c212.net/c/link/?t=0&l=en&o=4322342-1&h=2357203778&u=https%3A%2F%2Fwww.abiresearch.com%2Fcompanies%2Fnxp-semiconductors%2F&a=NXP)), and often digital key specialists for both the hardware and cloud platform infrastructure (such as [Thales](https://c212.net/c/link/?t=0&l=en&o=4322342-1&h=589612945&u=https%3A%2F%2Fwww.abiresearch.com%2Fcompanies%2Fthales%2F&a=Thales), [WirelessCar](https://c212.net/c/link/?t=0&l=en&o=4322342-1&h=3113123080&u=https%3A%2F%2Fwww.abiresearch.com%2Fcompanies%2Fwirelesscar-corporation%2F&a=WirelessCar), and [Giesecke & Devrient](https://c212.net/c/link/?t=0&l=en&o=4322342-1&h=1580156876&u=https%3A%2F%2Fwww.abiresearch.com%2Fcompanies%2Fgieseckedevrient%2F&a=Giesecke+%26+Devrient)). The industry has begun to unify around open standards bodies for digital keys, such as the Car Connectivity Consortium (CCC), Intelligent Car Connectivity Ecosystem Alliance (ICCE), and Intelligent Car Connectivity Open Alliance (ICCOA). Looking to the future, these open standards will play a key role in enabling the industry to move forward with digital key adoption, and nearly all OEMs are moving in this direction, apart from Tesla and some Chinese OEMs who value the quicker time-to-market that proprietary approaches allow. These findings are from ABI Research’s [Automotive Cyber Security: Securing Vehicle Access](https://c212.net/c/link/?t=0&l=en&o=4322342-1&h=1219347349&u=https%3A%2F%2Fwww.abiresearch.com%2Fmarket-research%2Fproduct%2F7784478-automotive-cybersecurity-securing-vehicle-%2F%3Futm_source%3Dmedia%26utm_medium%3Demail&a=Automotive+Cyber+Security%3A+Securing+Vehicle+Access) application analysis report. This report is part of the company’s [Smart Mobility and Automotive](https://c212.net/c/link/?t=0&l=en&o=4322342-1&h=606133558&u=https%3A%2F%2Fwww.abiresearch.com%2Fmarket-research%2Fservice%2Fsmart-mobility-automotive%2F&a=Smart+Mobility+and+Automotive) research service, which includes research, data, and ABI Insights. Based on extensive primary interviews, [Application Analysis](https://c212.net/c/link/?t=0&l=en&o=4322342-1&h=4177419291&u=https%3A%2F%2Fgo.abiresearch.com%2Fapplication-analysis-detail&a=Application+Analysis) reports present in-depth analysis on key market trends and factors for a specific technology. About ABI Research ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers. ABI Research是一家全球性的技术情报公司，拥有得天独厚的优势，充当终端市场公司和技术解决方案提供商之间的桥梁，通过提供独家研究和专业性指导，推动成功的技术实施和提供经证明可吸引和留住客户的战略，无缝连接这两大主体。 For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit[ www.abiresearch.com](https://c212.net/c/link/?t=0&l=en&o=4322342-1&h=480322278&u=https%3A%2F%2Fwww.abiresearch.com%2F%3Futm_source%3Dmedia%26utm_medium%3Demail&a=%C2%A0www.abiresearch.com). Contact Info: GlobalDeborah Petrara Tel: +1.516.624.2558 [Source link ](https://www.prnasia.com/story/archive/4576985_AE76985_0?rand=89749) ``` This content was prepared by our news partner, Cision PR Newswire. 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