Automotive Keyless Entry Systems Market Analysis
The global automotive
keyless entry systems market size is predicted to develop at 6.8% CAGR
between 2019- 2025, states the recent Market Research Future (MRFR) analysis.
An automotive keyless entry system, simply put, is an electronic lock that
offers physical access of cars to a user and helps the unlocking and locking
operation sans the use of conventional mechanical keys for convenience and high
security to the driver.
Various factors are
propelling the global automotive keyless entry systems market share. According
to the recent MRFR report, such factors include growing demand for vehicle
security and safety features, the launch of advanced electronic vehicle entry
systems, an increase in automotive production, awareness about sophisticated
features, and demand for luxury vehicles. Additional factors adding market
growth include growing adoption of advanced car sensors, integration of passive
safety features such as sensor-guided features, electronic features, stronger
chassis, airbags, and seatbelts, and development in automotive sensors.
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Report of Automotive Keyless Entry Systems Market
On the contrary, the
volatility of raw material prices of semiconductors as well as other electronic
components and the adverse effects of the COVID-19 outbreak may hamper the
global automotive keyless entry systems market growth over the forecast
period.
Market
Segmentation
The MRFR report
highlights an inclusive segmental analysis of the global automotive keyless
entry systems market based on product type, sales channel, and vehicle
type.
By product type, the
global automotive keyless entry systems market is segmented into RKE and PKE.
Of these, the PKE product type segment will lead the market over the forecast
period.
By vehicle type, the
automotive keyless entry systems market is segmented into heavy commercial
vehicle, light commercial vehicle, and passenger cars. Of these, the passenger
cars vehicle type will dominate the market over the forecast period.
By sales channel,
the global automotive keyless entry systems market is segmented into aftermarket
and OEM. Of these, the aftermarket sales channel segment will have a major
share in the market over the forecast period.
Research
Analysis
Based on the region,
the keyless entry systems market report covers the growth opportunities and
recent trends across the Asia Pacific (APAC), North America, Europe, & the
Rest of the World (RoW). Of these, the APAC region will spearhead the market
over the forecast period. The region being the largest consumer and
manufacturer of new cars, increase in per capita disposable income, growing
awareness about convenience and vehicle safety, growth in technologically
advanced systems, higher vehicle production, presence of OEMs, and presence of
solution and service providers that develop automotive keyless entry systems
based on needs are adding to the global automotive keyless entry systems market
growth in the region.
In North America,
the automotive keyless entry systems market is predicted to have healthy growth
over the forecast period. The need for ease in accessibility & vehicle
handling and burgeoning demand for automotive keyless entry systems is adding
to the global automotive keyless entry systems market growth in the
region.
The automotive
keyless entry systems market in Europe is predicted to have notable growth over
the forecast period for increasing focus of OEMs on stringent regulations to
improve technology, which needs high investment in the research and
development.
In the RoW, the
automotive keyless entry systems market is predicted to have sound growth over
the forecast period for an economic recovery that is boosting its sales.
Key
Players
Eminent players
profiled in the global automotive keyless entry systems market report include
Robert Bosch GmbH (Germany), Hyundai Mobis (South Korea), ARCO Lock &
Security ENTERN LLC (US), HELLA KGAA Hueck & Co. (Germany), Denso
Corporation (Japan), Delphi Automotive (Ireland), Continental Automotive GmbH
(Germany), Calsonic Kansei Corporation (Japan), Atmel Corporation (US), and TRW
Automotive Holdings Corporation (US).
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