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.

Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report

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 

Looking for Regional Analysis or Competitive Landscape in Automotive Central Locking System Market, ask for a customized report

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:

  • VALEO
  • 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.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

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

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

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?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Automotive Central Locking System Market

Pre Book