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  • Automotive Keyless Entry Systems Market Growth Analysis | 2022-2028

    Automotive Keyless Entry Systems Market Growth Analysis | 2022-2028

    Automotive Keyless Entry Systems Market Growth Analysis | 2022-2028
    Report code - SRTI121 Delivery - 2 Weeks
    Automotive Keyless Entry Systems Market Size, Share, Trends, Forecast, & Growth Analys See more...

    Market Insights

    The automotive keyless entry systems market in the automotive industry offers a good growth opportunity and is expected to witness a 10% CAGR during 2022-2028.

    Automotive-Keyless-Entry-Systems-Market-Insights

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

    The growth of the automotive keyless entry systems market is primarily driven by-

    • Increasing automotive production.
    • Stringent vehicle theft prevention regulations.
    • Focus on high comfort and convenience.
    • Demand for high-security vehicles.

    Automotive Keyless Entry Systems Market Highlights

    Market Growth (2022-2028)

    10% CAGR

    Base Year of Study

    2021

    Trend Period

    2017-2020

    Forecast Period

    2022-2028

    Segments Covered

    By Vehicle Type (Passenger Car, Light Duty Vehicle, and Medium & Heavy Duty Vehicle),

    By System Type (Remote and Passive),

    By End Market (OEMs and Aftermarket),

    By Region (North America, Europe, Asia-Pacific, and the Rest of the World).

    Top Companies in 2022

    • Continental AG
    • Hella Group
    • Delphi
    • Valeo
    • TRW Automotive
    • Alps Electric
    • Mitsubishi Electric Corporation.

    Segments' Analysis

    By System Type

    Remote keyless entry system (RKE) is the dominant entry system worldwide and offers optimum solutions to all 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 systems. There would be a continuous shift from a remote keyless entry system to a passive keyless entry system in the next five years.

    By Vehicle Type

    The 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 for 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 good growth potential in the next five years.

    Automotive-Keyless-Entry-Systems-Market-Regional-Insights

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    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The market is segmented in the following ways:

    By Vehicle Type

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

    By System Type

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

     By End Market

    • OEM
    • Aftermarket

     By Region

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

    Automotive-Keyless-Entry-Systems-Market-Segmentation

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    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
    • Chrysler

    The key keyless entry system manufacturers are-

    • Continental AG
    • Hella Group
    • Delphi
    • Valeo
    • TRW Automotive
    • Alps Electric
    • 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 a 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 the multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentations, 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.

    Report Features

    This report, from Stratview Research, studies the global keyless entry systems market in the automotive industry over the period 2017 to 2028. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Automotive Keyless Entry Systems Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    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 sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The automotive keyless entry systems market is projected to grow at a CAGR of 10% during 2022-2028.

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

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

    A passive keyless entry system (PKE) is likely to witness the fastest growth in the market in the coming years.

    The passenger car segment is expected to remain the largest segment in the market.

    Increasing automotive production, stringent vehicle theft prevention regulations, focus on high comfort and convenience, and demand for high security vehicles are the factors driving the growth of the market.

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