Automotive Remote Keyless Entry System Market by Vehicle Type, End-user, and Geography - Forecast and Analysis 2022-2026

Published: Sep 2022 Pages: 160 SKU: IRTNTR74470

The automotive remote keyless entry system market is projected to grow by USD 1.13 billion with a CAGR of 12.6% during the forecast period 2021 to 2026.

This automotive remote keyless entry system market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the automotive remote keyless entry system market segmentation by vehicle type (passenger cars and commercial vehicles), end-user (OEMs and aftermarket), and geography (North America, Europe, APAC, the Middle East and Africa, and South America). The automotive remote keyless entry (RKE) system market report also offers information on several market vendors, including Alps Alpine Co. Ltd, ARCO Lock and Security ENTERN LLC, CK Holdings Co. Ltd., Continental AG, Denso Corp., HELLA GmbH & Co. KG, Hyundai Motor Group, Marquardt GmbH, Microchip Technology Inc., Mitsubishi Electric Corp., NXP Semiconductors NV, Robert Bosch Stiftung GmbH, Texas Instruments Inc., Tokai Rika Co. Ltd, Valeo SA, VOXX International Corp., and ZEPPELIN GmbH among others.

What will the Automotive Remote Keyless Entry System Market Size be During the Forecast Period?

Download Report Sample to Unlock the Automotive Remote Keyless Entry System Market Size for the Forecast Period and Other Important Statistics

 

Automotive Remote Keyless Entry System Market: Key Drivers, Trends, and Challenges

Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the automotive remote keyless entry system market. During the COVID-19 pandemic, the automotive remote keyless entry system market demand has been impacted greatly. A holistic analysis of drivers will help in predicting exact demands and refining marketing strategies to gain a competitive advantage.

Key Automotive Remote Keyless Entry System Market Driver

The rise in electronic content makes RKE systems a better value proposition and is one of the key drivers supporting the automotive remote keyless entry (RKE) system market growth. Automotive electronics have rapidly evolved over the past decade with the electrification of mechanical components and the introduction of electronics related to safety, security, and propulsion technologies. In luxury and alternative powertrain vehicles such as hybrid and fully electric vehicles, the electronic content has increased significantly to account for over 35% of the manufacturing costs. Although these features have been used in the luxury segment in the past, OEMs and Tier-1 suppliers have been actively investing in exploring means to reduce the cost of these features to introduce them in mass mid-size segment vehicles. Hence, numerous innovations in automotive semiconductors have been undertaken in the past couple of years that have influenced the use of keyless entry systems.

Key Automotive Remote Keyless Entry System Market Trend

Integration of RKE systems with ignition systems, leading to add-on functionalities, is one of the key automotive remote keyless entry (RKE) system market trends contributing to the market growth. Primarily, the US is expected to remain a major market for automotive remote keyless entry systems during the forecast period due to the wide acceptance of this technology. In a survey conducted by an online automotive site in the US, four out of ten people who did not have this system in their existing vehicle wanted their next vehicle to be equipped with a remote keyless entry and go system. In the same survey, the remote keyless entry and go system was ranked as the third top feature desired by US consumers after infotainment and GPS systems. Apart from North America, emerging markets such as India, Vietnam, Thailand, and China are expected to witness a high adoption rate of automotive remote keyless entry and go systems during the forecast period.

Key Automotive Remote Keyless Entry System Market Challenge

The vulnerability of remote keyless entry systems is one of the factors hindering the automotive remote keyless entry (RKE) system market growth. Automotive OEMs and Tier 1 suppliers have been developing technologies to prevent hacking into the automotive remote keyless entry system, although they have been unable to develop a completely fool-proof system. However, it is expected that OEMs, Tier 1 suppliers, and automotive remote keyless entry system manufacturers will collaborate and invest in solutions that cannot be compromised. Thus, the vulnerability in automotive remote keyless entry systems poses a threat to automobile manufacturers. Thus, it can lead to a decline in sales of automobiles in the market during the forecast period.

This automotive remote keyless entry system market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global automotive remote keyless entry market as a part of the global auto parts and equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive remote keyless entry system market during the forecast period.

Who are the Major Automotive Remote Keyless Entry System Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Alps Alpine Co. Ltd
  • ARCO Lock & Security ENTERN LLC
  • CK Holdings Co. Ltd.
  • Continental AG
  • Denso Corp.
  • HELLA GmbH & Co. KG
  • Hyundai Motor Group
  • Marquardt GmbH
  • Microchip Technology Inc.
  • Mitsubishi Electric Corp.
  • NXP Semiconductors NV
  • Robert Bosch Stiftung GmbH
  • Texas Instruments Inc.
  • Tokai Rika Co. Ltd
  • Valeo SA
  • VOXX International Corp.
  • ZEPPELIN GmbH

 

This statistical study of the automotive RKE system market encompasses successful business strategies deployed by the key vendors. The automotive RKE system market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Tokai-rika.co.jp - The company offers automotive remote keyless systems such as smart key portable devices and emergency keys and powered mechanical steering lock assembly.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The vendor profiles are designed to help clients improve their market position and information on production and sustainability along with this the report provides a detailed analysis of several leading Companies.

Automotive Remote Keyless Entry System Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market of the automotive RKE system market which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also the optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.

Which are the Key Regions for Automotive Remote Keyless Entry System Market?

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32% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the automotive RKE system market in North America. Market growth in this region will be faster than the growth of the market in Europe.

Rising concern over vehicle theft will facilitate the automotive remote keyless entry system market's growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

The outbreak of COVId-19 had a negative impact on the regional market. However, the benefits of adopting a digital strategy will positively impact the sales of new vehicles. Hence, these factors are expected to drive regional market growth during the forecast period.

What are the Revenue-generating Vehicle Type Segments in the Automotive Remote Keyless Entry System Market?

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The automotive remote keyless entry system market share growth in the passenger cars segment will be significant during the forecast period. The passenger car market is growing. In 2022, over 1 billion passenger cars were operating on streets and roads globally. The automotive market grew significantly in the year 2021, and it is estimated that 56.4 million passenger cars were sold during the year. Thus, with the increase in the sale of vehicles, the market is expected to witness growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive remote keyless entry system market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Automotive Remote Keyless Entry System Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 12.6%

Market growth 2022-2026

$1.13 billion

Market structure

Fragmented

YoY growth (%)

12.2

Regional analysis

North America, Europe, APAC, the Middle East and Africa, and South America

Performing market contribution

North America at 32%

Key consumer countries

US, Canada, China, India, Germany, and Italy

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

Alps Alpine Co. Ltd, ARCO Lock & Security ENTERN LLC, CK Holdings Co. Ltd., Continental AG, Denso Corp., HELLA GmbH & Co. KG, Hyundai Motor Group, Marquardt GmbH, Microchip Technology Inc., Mitsubishi Electric Corp., NXP Semiconductors NV, Robert Bosch Stiftung GmbH, Texas Instruments Inc., Tokai Rika Co. Ltd, Valeo SA, VOXX International Corp., and ZEPPELIN GmbH

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Automotive Remote Keyless Entry System Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive automotive remote keyless entry system market growth during the next five years
  • Precise estimation of the automotive remote keyless entry system market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive remote keyless entry system industry across North America, Europe, APAC, the Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive remote keyless entry system market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Vehicle Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 18: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Vehicle Type

    • 5.1 Market segments
      • Exhibit 25: Chart on Vehicle Type - Market share 2021-2026 (%)
      • Exhibit 26: Data Table on Vehicle Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Vehicle Type
      • Exhibit 27: Chart on Comparison by Vehicle Type
      • Exhibit 28: Data Table on Comparison by Vehicle Type
    • 5.3 Passenger cars - Market size and forecast 2021-2026
      • Exhibit 29: Chart on Passenger cars - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Data Table on Passenger cars - Market size and forecast 2021-2026 ($ million)
      • Exhibit 31: Chart on Passenger cars - Year-over-year growth 2021-2026 (%)
      • Exhibit 32: Data Table on Passenger cars - Year-over-year growth 2021-2026 (%)
    • 5.4 Commercial vehicles - Market size and forecast 2021-2026
      • Exhibit 33: Chart on Commercial vehicles - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Data Table on Commercial vehicles - Market size and forecast 2021-2026 ($ million)
      • Exhibit 35: Chart on Commercial vehicles - Year-over-year growth 2021-2026 (%)
      • Exhibit 36: Data Table on Commercial vehicles - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Vehicle Type
      • Exhibit 37: Market opportunity by Vehicle Type ($ million)

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 38: Chart on End-user - Market share 2021-2026 (%)
      • Exhibit 39: Data Table on End-user - Market share 2021-2026 (%)
    • 6.2 Comparison by End-user
      • Exhibit 40: Chart on Comparison by End-user
      • Exhibit 41: Data Table on Comparison by End-user
    • 6.3 OEMs - Market size and forecast 2021-2026
      • Exhibit 42: Chart on OEMs - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on OEMs - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on OEMs - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on OEMs - Year-over-year growth 2021-2026 (%)
    • 6.4 Aftermarket - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Aftermarket - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Aftermarket - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Aftermarket - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Aftermarket - Year-over-year growth 2021-2026 (%)
    • 6.5 Market opportunity by End-user
      • Exhibit 50: Market opportunity by End-user ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 51: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 52: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 53: Data Table on Market share by geography 2021-2026 (%)
    • 8.2 Geographic comparison
      • Exhibit 54: Chart on Geographic comparison
      • Exhibit 55: Data Table on Geographic comparison
    • 8.3 North America - Market size and forecast 2021-2026
      • Exhibit 56: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 57: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 58: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 59: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 8.4 Europe - Market size and forecast 2021-2026
      • Exhibit 60: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 61: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 62: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 63: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 8.5 APAC - Market size and forecast 2021-2026
      • Exhibit 64: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 65: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 66: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 67: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 8.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 68: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 69: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 70: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 71: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 8.7 South America - Market size and forecast 2021-2026
      • Exhibit 72: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 73: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 74: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 75: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 8.8 US - Market size and forecast 2021-2026
      • Exhibit 76: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 77: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 78: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 79: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 8.9 China - Market size and forecast 2021-2026
      • Exhibit 80: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 81: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 82: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 83: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 8.10 Germany - Market size and forecast 2021-2026
      • Exhibit 84: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 85: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 86: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 87: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 8.11 Italy - Market size and forecast 2021-2026
      • Exhibit 88: Chart on Italy - Market size and forecast 2021-2026 ($ million)
      • Exhibit 89: Data Table on Italy - Market size and forecast 2021-2026 ($ million)
      • Exhibit 90: Chart on Italy - Year-over-year growth 2021-2026 (%)
      • Exhibit 91: Data Table on Italy - Year-over-year growth 2021-2026 (%)
    • 8.12 Canada - Market size and forecast 2021-2026
      • Exhibit 92: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 93: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 94: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 95: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 8.13 India - Market size and forecast 2021-2026
      • Exhibit 96: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 97: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 98: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 99: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 8.14 Market opportunity by geography
      • Exhibit 100: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 101: Impact of drivers and challenges in 2021 and 2026
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 102: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 103: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 104: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 105: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 106: Matrix on vendor position and classification
            • 11.3 Alps Alpine Co. Ltd
              • Exhibit 107: Alps Alpine Co. Ltd - Overview
              • Exhibit 108: Alps Alpine Co. Ltd - Business segments
              • Exhibit 109: Alps Alpine Co. Ltd - Key news
              • Exhibit 110: Alps Alpine Co. Ltd - Key offerings
              • Exhibit 111: Alps Alpine Co. Ltd - Segment focus
            • 11.4 Continental AG
              • Exhibit 112: Continental AG - Overview
              • Exhibit 113: Continental AG - Business segments
              • Exhibit 114: Continental AG - Key news
              • Exhibit 115: Continental AG - Key offerings
              • Exhibit 116: Continental AG - Segment focus
            • 11.5 Denso Corp.
              • Exhibit 117: Denso Corp. - Overview
              • Exhibit 118: Denso Corp. - Business segments
              • Exhibit 119: Denso Corp. - Key news
              • Exhibit 120: Denso Corp. - Key offerings
              • Exhibit 121: Denso Corp. - Segment focus
            • 11.6 HELLA GmbH and Co. KG
              • Exhibit 122: HELLA GmbH and Co. KG - Overview
              • Exhibit 123: HELLA GmbH and Co. KG - Business segments
              • Exhibit 124: HELLA GmbH and Co. KG - Key offerings
              • Exhibit 125: HELLA GmbH and Co. KG - Segment focus
            • 11.7 Microchip Technology Inc.
              • Exhibit 126: Microchip Technology Inc. - Overview
              • Exhibit 127: Microchip Technology Inc. - Business segments
              • Exhibit 128: Microchip Technology Inc. - Key news
              • Exhibit 129: Microchip Technology Inc. - Key offerings
              • Exhibit 130: Microchip Technology Inc. - Segment focus
            • 11.8 Mitsubishi Electric Corp.
              • Exhibit 131: Mitsubishi Electric Corp. - Overview
              • Exhibit 132: Mitsubishi Electric Corp. - Business segments
              • Exhibit 133: Mitsubishi Electric Corp. - Key news
              • Exhibit 134: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 135: Mitsubishi Electric Corp. - Segment focus
            • 11.9 NXP Semiconductors NV
              • Exhibit 136: NXP Semiconductors NV - Overview
              • Exhibit 137: NXP Semiconductors NV - Product / Service
              • Exhibit 138: NXP Semiconductors NV - Key news
              • Exhibit 139: NXP Semiconductors NV - Key offerings
            • 11.10 Robert Bosch Stiftung GmbH
              • Exhibit 140: Robert Bosch Stiftung GmbH - Overview
              • Exhibit 141: Robert Bosch Stiftung GmbH - Product / Service
              • Exhibit 142: Robert Bosch Stiftung GmbH - Key offerings
            • 11.11 Tokai Rika Co. Ltd
              • Exhibit 143: Tokai Rika Co. Ltd - Overview
              • Exhibit 144: Tokai Rika Co. Ltd - Product / Service
              • Exhibit 145: Tokai Rika Co. Ltd - Key offerings
            • 11.12 Valeo SA
              • Exhibit 146: Valeo SA - Overview
              • Exhibit 147: Valeo SA - Business segments
              • Exhibit 148: Valeo SA - Key news
              • Exhibit 149: Valeo SA - Key offerings
              • Exhibit 150: Valeo SA - Segment focus

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 151: Inclusions checklist
                • Exhibit 152: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 153: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 154: Research methodology
                • Exhibit 155: Validation techniques employed for market sizing
                • Exhibit 156: Information sources
              • 12.5 List of abbreviations
                • Exhibit 157: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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              • Detailed vendors report with competitive landscape
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