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Global Automotive Passive Keyless Entry System Market 2016-2020

  • Published: May 2016
  • Pages: 62
  • SKU: IRTNTR8760
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This global market research report presents a detailed analysis of the key market drivers, challenges, and trends that influence growth. It also segments the global automotive passive keyless entry (PKE) system market by end market (OEM and aftermarket), and by geography (the Americas, APAC, and Europe). The top vendors analyzed in this market study are Continental, Hella, Valeo, and ZF TRW.

Outlook of automotive passive keyless entry (PKE) systems

Passive keyless entry (PKE) systems are currently the most advanced keyless entry system available in the market as they operate with two integrated circuits that act as radio transmitters. Factors such as the high convenience offered by keyless entry systems will increase its rate of adoption among consumers during the forecast period. With the help of a PKE system, a driver can lock or unlock doors just by placing the key fob in the pocket. Reduction in cost and availability of this system in both OE and aftermarket has increased the adoption of this system in low and mid segment vehicles. This system is also very convenient during emergencies or harsh external weather conditions where quick entry into the vehicle is critical. Moreover, since these systems also support functions like ignition, its demand among the end users will increase significantly over the next few years. A comprehensive market research carried out by Technavio’s analysts has shown that the global market for automotive PKE systems will grow at an impressive CAGR of almost 11% by 2020.

The increasing adoption of automatic vehicle identification system in transit junctions will be a key trend influencing the growth prospects for this market. Traditionally, a combination of a mechanical lock and key was used for accessing a vehicle. However, this system could not authenticate whether the vehicles were driven by the rightful owner of the vehicle. Due to increasing threats from organized criminals, many governments and law-enforcing agencies have been compelled to implement automatic vehicle identification (AVI) systems into vehicles, which identifies not only the vehicle but also the credentials of the driver.

Segmentation by end market and analysis of the automotive PKE system market

  • OEM
  • Aftermarket

In this market research study, analysts have estimated the OEM segment to continue its market dominance and account for almost 68% of the total market share by 2020. Much of this segment’s growth can be attributed to the recent increase in automotive shipments, which is defined by the global economic growth, regulations, and consumer buying patterns.

Geographical segmentation and analysis of the automotive PKE system market

  • Americas
  • APAC
  • Europe

During 2015, Europe dominated the global automotive PKE market and is expected to produce close to 14 million units by 2020. Factors such as rapid economic growth in Eastern Europe and an economic improvement in Western Europe to impel the growth prospects of this market in the region. Moreover, vehicle security and comfort are of primary importance for the consumers, regulators, and OEMs in Europe which will contribute to this market’s growth.

Competitive landscape and key vendors

The global automotive PKE system market is highly consolidated with the five leading providers accounting for over 56% of the market share. Since the PKE system is greatly influenced by technological advancements in terms of functionality, reliability, and accuracy, the key players have to focus increasingly on research and development to remain competitive in the market.

Key vendors in this market are -

  • Continental
  • Hella
  • Valeo
  • ZF TRW

Other prominent vendors in this market are Alps Electric, Atmel, Denso, Hyundai MOBIS, Marquardt, and Mitsubishi Electric.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global automotive PKE market?
  • What are the key market trends impacting the growth of the global automotive PKE market?
  • What are the challenges to market growth for the global automotive PKE market?
  • Who are the key vendors in the global automotive PKE market?
  • What are the market opportunities and threats faced by the vendors in the global automotive PKE market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global automotive PKE market?

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The passive keyless entry system or the smart key system is an access and authorization system that is available as an option or standard for several cars. First developed by Siemens in 1995 and introduced by Mercedes-Benz under the name "Key-less Go" in 1998, the system allows the driver to keep the key fob pocketed when unlocking, locking, and starting the vehicle. The smart key is recognized by one of several antennas in the car's bodywork and a radio pulse generator that is present in the key housing. Depending on the system and the type of car, the vehicle is unlocked when a button or sensor on the door handle or the trunk release is pressed.

The global automotive passive keyless entry system market is part of Technavio’s automotive research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as auto accessories, automotive components, automotive electronics, automotive manufacturing, automotive services, powertrain, and wheels and tires. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of the report

  • Market overview
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation by end-market

  • Global automotive PKE system segmentation by end-market 2015-2020
  • Global automotive PKE system market for OEMs
  • Global automotive PKE system market for aftermarket

PART 07: Geographical segmentation

  • Global automotive PKE system market by geography
  • Automotive PKE system market in Europe
  • Automotive PKE system market in Americas
  • Automotive PKE system market in APAC

PART 08: Market drivers

  • Rise in automotive sales to increase demand for PKE systems in emerging markets
  • Convenience offered by keyless entry to increase adoption

PART 09: Impact of drivers

PART 10: Market challenges

  • Vulnerabilities in keyless entry system
  • Biometric to replace keyless entry system
  • Increasing cost pressure from demand side

PART 11: Impact of drivers and challenges

PART 12: Market trends

  • Growing demand for entry and go
  • Advancements in semiconductor and wireless technology
  • Increasing adoption of automatic vehicle identification system in transit junctions

PART 13: Vendor landscape

  • Competitive scenario
  • Other prominent vendors

PART 14: Key vendor analysis

  • Continental
  • Hella
  • Valeo
  • ZF TRW

PART 15: Appendix

  • List of abbreviations

PART 16: Explore Technavio

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.

TechnavioINFORMATION 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
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TechnavioDATA 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
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TechnavioREPORT 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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