Industry Background:
The Smart Entry System is a newer technology feature that makes it possible to lock and unlock the vehicle without using a key or a key fob which is used in high-end. The car with a digital key is coded with wireless communication technology containing a computer chip and security code which enables the user to unlock or lock as well as engine start. The key uses smart sensors connected to the antennas in the vehicle body part that detects the smart key and unlocks the door for the user. It provides comfort to the user by simply grabbing the vehicle’s front door handle or by clicking the capacitive push which will take a signal validation from the sensor attached to the vehicle of the smart key to unlock the doors.This growth is primarily driven by Growing Demand for Enhanced Security Access Systems and Rising Demand for Connected Cars.
Globally, a noticeable market trend is evident Increased Usage in the Automotive Industry
. Major Vendors, such as Continental AG (Germany), Delphi Technologies (Ireland), Hella (Germany), Mitsubishi Electric Corporation (Japan), TRW Automotive (United States), Toyota Motor Corporation (Japan), Atmel Corporation (United States), TOKAI RIKA CO., LTD. (Japan), JPM Group (India) and Honda Lock Mfg. Co., Ltd. (Japan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On February 4, 2019 Technology Company Continental has announced the successful completion of the acquisition of Kathrein Automotive GmbH after antitrust authorities officially cleared the transaction. Kathrein is a move that will give Continental an important key segment to add to its wealth of expertise.
Market Drivers
- Growing Demand for Enhanced Security Access Systems
- Rising Demand for Connected Cars
Market Trend
- Increased Usage in the Automotive Industry
- Development of Innovative and Advanced Technology
Restraints
Opportunities
Adoption of Vehicle Security Systems in Developing as well as Developed Nations
Challenges
The Hackers Are Constantly Developing Newer Ways to Steal Cars
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Smart Entry System Study Sheds Light on
— The Smart Entry System Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Smart Entry System industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Smart Entry System industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
— How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.