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Central Locking System: Introduction

  • As autonomous and electric vehicle technologies are in the development stage, the cost of these vehicles is higher compared to other vehicles in the market. Vehicles with central locking systems can be locked through a single main button.
  • While locking a car using a key, a unique electronic code is transmitted to the vehicle from car key and the engine immobilizer is turned off. The system starts if the same code is received back by the car or the car is unlocked manually using the car key.

Key Drivers of Global Automotive Central Locking System Market

  • Various systems, such as alarms, immobilizer, remote keyless entry, passive keyless entry, etc. are related to vehicle locking. When one such system is used with the central locking system, vehicle security increased. For instance, a central locking system with an alarm system can warn the vehicle owner by sounding an alarm if an intruder forcefully tries to unlock the vehicle. When a vehicle is locked using the central locking system, a switch moves in the master driver unit. This unit then transmits a signal to the driver unit that assist in moving the link roads in engine. This process unlocks or locks other doors in the vehicle simultaneously. This easy operation of central locking system enables fast locking/unlocking of vehicle and attracts global OEMs to install it in their vehicles, thereby driving its market.
  • In order to reinforce the central locking system, developers have launched innovative solutions. For instance, biometric sensors can be used to lock/unlock the vehicle, thereby offering more safety and security to the vehicle. Technological advancements in affordable security solutions for vehicles are propelling the expansion of the global central locking system market.
  • The automotive industry has witnessed technological developments, such as the development of AI powered connected vehicles, autonomous vehicles, etc. Adoption of security systems, such as central locking systems in such vehicles provides extra security to vehicles. Manufacturers are focusing on collaborating with technology providers to automate central locking systems. This is also projected to drive the market for central locking systems.

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Potential Risk of Failure of Electronic Components in Central Locking Systems Hamper Market

  • Central locking systems allow key-less entry into vehicles. Central locking system use several electrical components, including wireless devices. These components are battery operated and may not function properly in case of a battery failure. This may hinder central locking system market growth.

Risk of Hacking of Central Locking Systems to Restrain Global Market Growth

  • Central locking system uses a unique code, which is transmitted from car key for remote locking of vehicle. If this code is hacked using a remote transmission system, the vehicle’s security may compromised, resulting in vehicle being stolen. This may restrain the adoption of central locking systems.

Asia Pacific a Lucrative Market for Automotive Central Locking Systems

  • Asia Pacific countries, such as China and Japan, are the largest consumers of passenger vehicles. Moreover, developing economies, such as India, are witnessing a rise in FDIs in automotive and construction industries in the region. This is likely to fuel the growth of the automotive central locking system market in the region during the forecast period.
  • North America is estimated to be the second-largest market for automotive central locking systems, owing to safety regulations and mandatory safety features in vehicles 

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Key Players Operating in Global Automotive Central Locking System Market

The global automotive central locking system market is highly concentrated with top manufacturers. Some of the key players operating in the market are:

  • DENSO Corporation
  • Pricol Limited
  • Robert Bosch GmbH
  • Minda Industries Ltd.
  • Nippon Audiotronix Pvt. Ltd.
  • Continental AG
  • Autocop India Pvt. Ltd.
  • Lear Corporation

Global Automotive Central Locking System Market: Research Scope

Global Automotive Central Locking System Market, by Type of Propulsion

  • Gasoline
  • Diesel
  • Electric
  • Hybrid

Global Automotive Central Locking System Market, by Type of Vehicle

  • Commercial
  • Passenger

Global Automotive Central Locking System Market, by End-use Industry

  • Aviation
  • Healthcare
  • Construction
  • Manufacturing
  • Transport & Shipping

Global Automotive Central Locking System Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

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6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

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Automotive Central Locking System Market

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