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The adoption of keyless entry systems depends on the sales of vehicles. Technavio's research analysis on the global automotive keyless entry system market has identified the increasing sales of automobiles in the developing economies as one of the major factors that will have a positive impact on the market's growth in the coming years. To meet the growing demand, several automotive OEMs such as Toyota are focusing on increasing their production capacity. The company has already made plans to relocate its auto production unit to Mexico to meet the demand for SUVs and crossovers in the US and Canada. Similarly, during 2016, the automotive manufacturer General Motors has also launched vehicles in the SUV, crossover, and sedan segments in the US. The auto industry is witnessing considerable growth in the BRICS nations as well. Such factors will positively influence the sales of automobiles and automotive RKE systems. Our market research analysts have predicted that in terms of units, this market will grow at a CAGR of close to 8% by 2021.
Companies are introducing immobilizers to improve the security system of vehicles. The application of immobilizers helps in the detection of personal code when the ignition key is turned on. They also request for the second code or deactivates systems such as the fuel system, starter motor, or ignition, which restricts vehicle movement. As a result, the adoption of immobilizers in keyless entry systems will increase in the coming years, which according to our analysts will be one of the key trends that will gain traction in the automotive keyless entry system market during the forecast period.
The automotive keyless entry system market appears to be concentrated. Players in the keyless vehicle access control system market are concentrating on maintaining the cost of production and developing better systems to maintain their profit margins. Moreover, they are also focusing on complying with the standards set by automotive OEMs and reduce the cost of production.
Key vendors in this market are -
Other prominent vendors in the market include Alps Electric, DENSO, HYUNDAI MOBIS, Marquardt, Mitsubishi Electric, Lear Corporation, OMRON Corporation, and Advanced Keys.
RKE systems are equipped with a transmitter that uses radio frequency to communicate with the vehicle. The integration of keyless remote entry systems in mid-segment vehicles is constantly increasing. The preference for RKE in these vehicles will continue to increase throughout the projected period since the integration of this technology has enables the quick and convenient entry or exit operations.
The keyless vehicle access control system market is witnessing considerable growth in the Americas due to the growing concerns over vehicle theft, which boosts the adoption of enhanced security systems, such as anti-theft alarm system, vehicle tracking system, and remote and PKE system. The well-established supply chain for the keyless entry system production in North America will further influence the demand for keyless entry systems in the region.
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An electronic lock system that controls access to a vehicle without using a traditional mechanical key is known as an automatic keyless entry system. Our market research reports for the automotive industry follow a thorough procedure of data collection methodology and present an analysis of fast growing market subdivisions like automotive electronics. This upcoming industry research report on the global automotive keyless entry system market offers insights into the major trends and evolving drivers inducing the growth of the automotive electronics industry.
Our market research analysis includes top-down and bottom-up approaches like vendor briefings, telephone and online surveys, webinars, and podcasts, and industry journals and publications to help clients develop active growth strategies and keep pace with the frequently changing market landscape. The market research experts at Technavio also take into account the market forecast, market size, and increasing demand for various automotive electronics products and services and also offers an all-inclusive picture of the global automotive keyless entry system market for the estimated period of 2017-2021.
As predicted by our market research experts,? the rise in automotive sales may influence the demand for the automotive keyless entry system in the coming years. This upcoming market research report on the global automotive keyless entry system market also covers vendors like Omron, Advanced Key, Valeo, ZF, Delphi, Lear, Amtel, Hella, Continental, and Denso. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this industry report on the global automotive keyless entry system market also covers geographies like the Americas, APAC, and EMEA.
The upcoming industry research report on the global automotive keyless entry system market also highlights the key drivers, major trends, as well as the constraints that the automotive electronics sector currently experiences. It also presents insights into the rapidly changing competitive scenario to give clients a realistic picture of the upcoming events within the automotive industry. Technavio also provides insights into the sectors such as powertrain and automotive manufacturing.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
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