Global Automotive Keyless Entry System Market Overview:
The automotive keyless entry system is used to enable people to remotely lock unlock and open the car without using keys, it is available in two types that are remote keyless entry (RKE) system and passive keyless entry (PKE) system. It uses the RF signals to start the car's engine and allows to lock and unlock care remotely. The remote keyless entry system works by sending the signal to the receiver in the car and the system disarms. The system can be used in passenger cars, LCVs, HCV and it consists of a transponder, base unit and power management.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Integration of RFID based System in the Automotives and Introduction of New Saftey and Security Standards for Telematics Used in the Automotive Keyless Entry System
Market Growth Drivers:
Growing Concerns of Automotive Thefts Requires the Advanced Safety System in the Vehicles and Demand for the Automated Remotely Operated Keyless System
Challenges:
Stiff Competition in the Automotive Keyless Entry System Market
Restraints:
Privacy-related Concerns Associated with the Automotive Keyless Entry System as it Involves the Radio Frequency Signals
Opportunities:
Surging Demand for the Connected Vehicles will Boost the Automotive Keyless Entry System Market
Competitive Landscape:
Some of the key players profiled in the report are ZF Friedrichshafen AG (Germany), Alps Electric Co., Ltd. (Japan), Hella KGaA Hueck & Co. (Germany), Mitsubishi Electric Corporation (Japan), Lear Corporation (United States), Omron Corporation (Japan), DENSO Corporation (Japan), Hyundai Mobis (South Korea), Continental AG (Germany), Bosch Mobility Solutions (Germany), Marquardt (Germany) and Automotive Keys Group (United States). Considering Market by Vehicle, the sub-segment i.e. Passenger Cars will boost the Automotive Keyless Entry System market. Considering Market by System Components, the sub-segment i.e. Transponder will boost the Automotive Keyless Entry System market. Considering Market by Sales Channel, the sub-segment i.e. OEM will boost the Automotive Keyless Entry System market.
Latest Market Insights:
On 23rd March 2021, Automotive Keys Group, LLC, a portfolio company of Kinderhook Industries, LLC, announced the acquisition, in partnership with Management, of Midwest Keyless, Inc. Based in Spring Grove, IL, Midwest Keyless is a remanufacturer and distributor of replacement OEM and aftermarket keyless entry remotes & keys as well as key-cutting and programming equipment. The financial terms of the transaction were not disclosed.
On 12th November 2020, DENSO, a leading mobility supplier, announced it has invested in Lambda:4, a German company that develops wireless positioning technologies for short-range applications using Bluetooth Low Energy. The investment will strengthen DENSO’s passive digital key, increasing its location accuracy and user authentication capabilities. This improves safety and security for those using the key on smart devices to enter a vehicle.
What Can be Explored with the Automotive Keyless Entry System Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Automotive Keyless Entry System Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Automotive Keyless Entry System
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Automotive Keyless Entry System market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Automotive Keyless Entry System market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Automotive Keyless Entry System Manufacturers, Automotive Keyless Entry System Industry Associations, Research and Development Institutes, Potential Investors, Regulatory bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.