Global Automotive Keyless Entry System Market Outlook, Opportunities And Strategies – Includes Automotive Keyless Entry System Market Size
Learn about the global automotive keyless entry system market through The Business Research Company, which provides information on automotive keyless entry system market size, automotive keyless entry system market drivers and restraints, automotive keyless entry system market players, the COVID-19 impact on the automotive keyless entry system market, and more.
The global automotive keyless entry system market size is expected to grow from $1.25 billion in 2021 to $1.41 billion in 2022 at a compound annual growth rate (CAGR) of 12.78%. The global automotive keyless entry market size is expected to grow to $2.33 billion in 2026 at a CAGR of 13.32%.
Rising inclination towards safety and security in vehicles is driving the growth of the automotive keyless entry system market.
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The automotive keyless entry system market consists of sales of automotive keyless entry systems devices by entities (organizations, partnerships, and sole proprietors) that are used to remotely lock, unlock, and start the engine using radiofrequency signals, which have been widely applied in car engines to start and stop and also doors. It has various benefits for safety standards in autonomous driving platforms.
Global Automotive Keyless Entry System Market Segments Include:
By Product: Passive Keyless Entry Systems, Remote Keyless Entry Systems
By Vehicle Type: Passenger Cars, LCV, HCV
By End-User: Aftermarket, Original Equipment Manufacturer (OEMs)
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the automotive keyless entry system market in 2021.
Technologically advanced in-vehicle security systems are seen as an immerging trend in the automotive keyless entry system market. Companies operating in the automotive keyless entry system market are focusing on providing technologically advanced in-vehicle security systems such as a keyless entry system with engine start/off, AC control, and other features. Automobile manufacturers who also provide this system are investing heavily in launching new car models and the new version of old car models with keyless entry technology. This eliminates the need for customers to buy keyless entry systems separately as the system is inbuilt within the vehicle itself.
Major Market Players: Denso Corporation, HELLA GmbH & Co KGaA, ZF Friedrichshafen AG, Continental AG, Alps Alpine Co Ltd, Mitsubishi Electric Corporation, Valeo SA, Microchip Technology Inc, Robert Bosch GmbH, Lear Corporation, Marquardt, Tokai Rika, Atmel Corporation, NXP Semiconductors, Hyundai Mobis, Panasonic, Directed Electronics, Voxx International, ARCO Lock and Kiekert.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Automotive Keyless Entry System Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides automotive keyless entry system market overviews, analyzes and forecasts market size, share, automotive keyless entry system market players, automotive keyless entry system market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s automotive keyless entry system market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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