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    Automotive Keyless Entry Systems Market Size, Share & Forecast (2016-2021)

    Automotive Keyless Entry Systems Market Size, Share & Forecast (2016-2021)

    Automotive Keyless Entry Systems Market Size, Share & Forecast (2016-2021)
    Report code - SRTI121 Delivery - 2 Weeks
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    Automotive Keyless Entry Systems Market Insights

    The automotive industry has been leveraging the potential of the electric and electronic components in most of the application areas to enhance passenger comfort and to increase safety and security features in the vehicles. One such example is the keyless entry system that was introduced about 20 years back. The keyless entry system uses integrated circuit that transfers the electromagnetic signals to lock or unlock the vehicle door. This system provides high convenience and enhances the security of the vehicle.

    The global keyless entry systems market in the automotive industry offers a good growth opportunity and is expected to witness 6.8% CAGR during the forecast period of 2016 to 2021. Increasing automotive production, stringent vehicle theft prevention regulations, focus on high comfort and convenience, and demand for high security vehicles are the major drivers of the global keyless entry systems market.

    Automotive Keyless Entry System Market Forecast

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    Automotive Keyless Entry Systems Market Share Analysis

    Automotive Keyless Entry Systems Market Share by System Type

    Remote keyless entry system (RKE) is the dominant entry system worldwide and offers optimum solutions to all the low cost auto vehicles. Passive keyless entry system (PKE) is likely to witness the fastest growth during the forecast period as it offers higher convenience and better security to the vehicle than traditional remote keyless entry system. There would be a continuous shift from remote keyless entry system to passive keyless entry system in the next five years.

    Automotive Keyless Entry Systems Market Share by Vehicle Type

    Passenger car segment is expected to remain the largest market for keyless entry systems during the forecast period. High demand for better comfort and security vehicles and increasing car production will continue to drive the demand of the keyless entry systems in the passenger car segment.

    Regional Insights

    Asia-Pacific region is expected to be the growth engine of the global keyless entry systems market in the next five years, driven by emerging economies, such as China and India. China is the world’s largest automotive market having a good growth potential in the next five years.

    Key Players

    The supply chain of this market comprises raw material suppliers, keyless entry system manufacturers, distributors, and Automotive OEMs. The key automotive OEMs are Toyota, Daimler, GM, Ford, Hyundai, and Chrysler.

    The global automotive keyless entry systems market is a highly consolidated market. The key keyless entry system manufacturers are Continental AG, Hella Group, Delphi, Valeo, TRW Automotive, Alps Electric and Mitsubishi Electric Corporation. New product development, capacity expansion and regional expansion are the key strategies adopted by the key players to gain competitive edge in the market.

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2010-2021

    Forecast

    6.8% CAGR during 2016-2021

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Countries/Subregions Covered

    The USA, Canada, Mexico, Germany, France, Italy, the UK, Russia, China, Japan, India, Middle East, Latin America and Others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The market is segmented in the following ways:

    Automotive Keyless Entry Systems Market Size, Share & Forecast by Vehicle Type:

    • Passenger Car
    • Light Duty Vehicles
    • Medium & Heavy Duty Vehicles

    Automotive Keyless Entry Systems Market Size, Share & Forecast by System Type:

    • Remote Keyless Entry (RKE)
    • Passive Keyless Entry (PKE)

     Automotive Keyless Entry Systems Market Size, Share & Forecast by End Market:

    • OEM
    • Aftermarket

     Automotive Keyless Entry Systems Market Size, Share & Forecast by Region:

    • North America (Country Analysis: The USA, Canada, Mexico)
    • Europe (Country Analysis: Germany, France, United Kingdom, Italy, Russia, Rest of the Europe)
    • Asia-Pacific (Country Analysis: China, Japan, Korea, India, Rest of the Asia-Pacific)
    • Rest of the World (Country Analysis: Middle East, Latin America)

     

    Report Features

    This report, from Stratview Research, studies the global keyless entry systems market in the automotive industry over the period 2010 to 2021. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3)
    • SWOT analysis of key players (up to 3)

    Regional Segmentation

    • Current market segmentation of any one of the regions by product type

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

     

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your enquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of the Automotive Keyless Entry Systems Market in the foreseeable years?

    Driven by a number of factors like Increasing automotive production, the automotive keyless entry systems market is projected to grow at CAGR of 6.8% during 2016-2021.

    Which country/region is expected to be the growth engine of Automotive Keyless Entry Systems Market?

    Asia-Pacific region is expected to be the growth engine of the global keyless entry systems market in the next five years, driven by emerging economies, such as China and India.

    Who are the key players in the Automotive Keyless Entry Systems Market?

    Continental AG, Hella Group, Delphi, Valeo, TRW Automotive, Alps Electric and Mitsubishi Electric Corporation. are among the key players in the Automotive Keyless Entry Systems Market.

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