Global Automotive Keyless Entry System Market 2017-2021

Overview of the global automotive keyless entry system market

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. 

Competitive landscape and key vendors

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 -

• ZF Friedrichshafen
• Continental
• Delphi*
• Valeo
• HELLA

Other prominent vendors in the market include Alps Electric, DENSO, HYUNDAI MOBIS, Marquardt, Mitsubishi Electric, Lear Corporation, OMRON Corporation, and Advanced Keys.

Segmentation by product and analysis of the automotive keyless entry system market

• Passive keyless entry (PKE)
• Remote keyless entry (RKE)

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.

Segmentation by geography and analysis of the automotive keyless entry system market

• Americas
• APAC
• EMEA

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.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global automotive keyless entry system market?
• What are the key market trends impacting the growth of the global automotive keyless entry system market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive keyless entry system market?
• What are the market opportunities and threats faced by the vendors in the global automotive keyless entry system market?
• What are the 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 keyless entry system market?

Technavio also offers customization on reports based on specific client requirement.

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.

Our market research methodology for the automotive keyless entry system market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.