2022“Intelligent Cockpit”— UWB Digital Key Market Research Report

The UWB (Ultra-Wideband) digital key is a new type of digital key technology that differs from traditional car keys or other types of digital keys (such as BLE and NFC) in terms of its high precision and security. Utilizing ultra-wideband technology, UWB digital keys can precisely locate the position of the vehicle and key in a very short period of time, thereby achieving precise opening and closing of car doors. Compared to traditional RFID digital keys, UWB digital keys offer stronger anti-theft capabilities and are not affected by RF interference. Additionally, UWB digital keys can also provide users with remote unlocking, key sharing, and other functions through mobile apps, improving user convenience and experience.

In 2022, the penetration rate of UWB digital keys was only 2.1%, and OEMs have been offering UWB digital keys as a solution since 2022, but only high-end models are currently equipped with it. However, with the improvement of technology, the perfection of relevant regulations, and the decrease in cost, the penetration rate of UWB digital keys is expected to steadily increase, and is expected to exceed 50% in 2027.

In 2022, the global market size of UWB digital keys was only $96 million. However, with the further improvement of UWB technology, some automakers have announced plans to enter the mobile phone manufacturing industry to form a brand ecosystem, which may lead to a rapid expansion of the UWB digital key market. ICV predicts that by 2027, the market size of UWB digital keys is expected to reach $2.25 billion.