Global Keyless Entry Systems Market 2017-2021

Overview of the global keyless entry systems market

Technavio’s market research report predicts that the global keyless entry systems market will post a CAGR of above 9% during the forecast period. The high penetration of keyless entry systems in the automotive sector will be one of the primary drivers for market growth. The growth in living standards of the people across the globe, especially the middle-class population has considerably increased over the years which in turn has enhanced the demand for value-added features such as keyless entry systems in passenger cars. It has been observed that during 2016, almost all the passenger cars manufactured around the globe were factory-fitted with user-programmable keyless entry systems. Moreover, with the governments across the world introducing stringent regulations regarding passenger vehicle safety and theft, manufacturers will start offering remote keyless entry (RKE) systems as a standard fitment in passenger cars around the globe. This in turn, will significantly drive the growth of the keyless entry systems market during the forecast period.

In terms of geography, the Americas dominated the keyless entry systems market during 2016 and is foreseen to continue its dominance over the next four years as well. Factors such as the increased government spending on access control systems, the rising awareness of the safety systems, and the innovations in automotive technologies will drive the growth of the market in the region. Moreover, the acceptance of access control systems across the government, transportation, healthcare, and BFSI sectors and the rising consumer spending and interest towards the implementation of smart technologies, will also augment the market’s growth in the Americas.

Competitive analysis and key vendors

The global keyless entry systems market consists of many vendors catering to different technological segments such as automotive, fingerprint, facial, iris, voice, and gait recognition. The market is highly-competitive and an increase in product and service extensions, technological innovations, and M&As will intensfy the level of competition among the market players. To survive this intensely competitive environment and improve their market positions, the vendors have the need to distinguish their product and service offerings through clear and unique selling propositions.

Key vendors in the market are:

• Atmel
• Continental Automotive
• Delphi Automotive
• HELLA
• Mitsubishi Electric
• 3M Cogent
• Allegion
• AMAG Technology
• Gemalto
• Honeywell Security
• IriTech
• 3M Cogent
• AGNITIO
• BioEnable
• BIO-key
• Crossmatch
• HID Global
• Iris ID
• M2SYS Technology
• Motekforce Link
• NEC
• Nuance Communications
• Qualisys
• Safran

Other prominent vendors include Airborne Biometrics, Animetrics, Anviz Global, Avalon Biometrics, Aware, BioLink Solutions, DERMALOG Identification Systems, Diamond Fortress, Fingerprint Cards, Fulcrum Biometrics, Futronic Technology, Idex ASA, IGSUS, Inception Technologies, Precise Biometrics, RCG Holdings, SecuGen, Suprema, and Tekno Electro Solutions.

Segmentation by technology and analysis of the keyless entry systems market

• Biometric
• Device based

During 2016, the device based keyless entry systems dominated the technology segment of the keyless entry systems market and is expected to continue its dominance over the next four years. Factors such as the increasing adoption of automotive keyless entry systems across the globe and the popularity of the card-based systems among business organizations, are the major contributors to the growth of this market segment.

Segmentation by end-user and analysis of the keyless entry systems market

• Automotive
• Government
• Healthcare
• Banking, financial services, and insurance (BFSI)
• Transportation

As per this market research report, the automotive sector led the keyless entry systems market during 2016 and is expected to continue its domination during the forecast period as well. The rise in technological advancements, the introduction of stringent regulations to prevent thefts, and an increase in demand for features that improve the ease of operation in passenger cars, will drive the growth of the segment in this global market.

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 keyless entry systems market?
• What are the key market trends impacting the growth of the global keyless entry systems market?
• What are the challenges to market growth?
• Who are the key vendors in the global keyless entry systems market?
• What are the market opportunities and threats faced by the vendors in the global keyless entry systems 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 keyless entry systems market?

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