There have been numerous attempts in the past to implement the digital key to control air conditioning and heating before getting into the car or to assess tire pressure conditions and fuel efficiency remotely. There were concerns about its vulnerabilities to potential vehicle theft, but the advancements in UWB and BLE technologies mean smartphones can now control the vehicle system more securely and conveniently. Furthermore, the growth in car sharing and rental markets goes hand in hand with the demand for safer digital keys. Market research firm Statista predicts that the global vehicle sharing market will grow 6.28 percent annually, reaching 60.7 million users and $16.52 billion in profits by 2026.
With the transition of car ownership into car sharing, we are also making advancements in car key-sharing technologies. Car owners could unlock or start their vehicle with conventional smart keys based on LF (Low Frequency) and RF (Radio Frequency) telecommunication technologies, albeit only in close proximity, but they could not simultaneously share their keys with other vehicle users.
In contrast, a digital key can be shared via smartphone app safely and efficiently, using Near-Field Communication (NFC), UWB, and BLE technologies. You can even allow access to specific vehicle-system features, such as unlocking the trunk. Not having to carry a physical key means you won’t lose it, and there’s also little room for vehicle theft because you can't drive unless the smartphone with a digital key is physically inside the vehicle.
The possibilities are endless in expanding innovative services for drivers by combining smartphones and digital UX in vehicles. You can remotely examine your vehicle mileage and tire pressure in real-time, or access personalized settings such as your preferred radio and music playlists via cloud. Shared cars can also be personalized for more convenience by automatically syncing each driver’s presets such as seat position.