Automotive keyless entry system is a modern automotive technology that offers physical access of the vehicle to the user and executes the locking and unlocking operation without the usage of the conventional mechanical key. The operation and function of an automotive keyless entry system includes unlocking of the automotive by means of Bluetooth unlocking system, radio frequency identification lock, electronic locks, and biometric scanning. Superior security and convenience are offered to the vehicle user by the automotive keyless entry system.
Increasing demand for vehicle safety and security supplemented with the introduction advanced electronic vehicle entry system is a prime factor that is projected to boost the automotive keyless entry system market during the forecast period. Furthermore, the rising trend toward alternate vehicle entry is another significant factor that is likely to augment the automotive keyless entry system market during the forecast period. Surge in development of autonomous systems and technology in the automotive industry and rise in competition among auto manufacturers to offer superior products are anticipated to propel the automotive keyless entry system market during the forecast period. Incorrect passcode may lead to locking of the vehicle while trying to unlock the vehicle. Furthermore, the automotive keyless entry system runs on the battery of the vehicle, which is likely to lead to faulty operation owing to low battery power. This is anticipated to hamper the market during the forecast period.
The global automotive keyless entry system market can segmented based on technology, vehicle type, sales channel, and region. Based on technology, the automotive keyless entry system market can be segregated into Bluetooth system, radio frequency identification, and others. The radio frequency identification segment leads the automotive keyless entry system market, due to higher rate of adoption of smart keys that operate on radio frequency identification owing to their reliability.
Based on vehicle type, the automotive keyless entry system market can be divided into passenger vehicle and commercial vehicle. The passenger vehicle segment accounts for a dominant share of the automotive keyless entry system market. Higher rate of adoption and larger consumer base toward vehicle security is a leading factor boosting the market share held by the passenger vehicle segment.
In terms of sales channel, the automotive keyless entry system market can be split into original equipment manufacturers (OEMs) and aftermarket. The OEMs segment leads the automotive keyless entry system market. Most major auto manufacturers offer keyless entry system function in their vehicles. Automotive keyless entry systems have lower replacement rate and require minor repair. This, in turn, is a prime factor boosting the OEMs segment of the market, as compared to the aftermarket segment.
Based on region, the global automotive keyless entry system market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific accounts for a prominent share of the global automotive keyless entry system market. Higher vehicle production in the region coupled with significant presence of OEMs and availability of service and solution providers for automotive keyless entry system is a major factor that is anticipated to propel the market during the forecast period. Advancements in technology for active security systems in vehicles is projected to boost the automotive keyless entry system market at a healthy pace during the forecast period.
Prominent players operating in the global automotive keyless entry system market include ZF Friedrichshafen AG, Delphi, Continental AG, Robert Bosch GmbH, Valeo, HELLA GmbH & Co. KGaA, ARCO Lock & Security ENTERN LLC, Hyundai Mobis, DENSO CORPORATION, EZ Telematics Co., Ltd., Calsonic Kansei Corporation, Panasonic Corporation, ALPS ELECTRIC CO., LTD., Marquardt Switches Inc., and OMRON Corporation.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold 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.