Two-wheeler Keyless Entry System Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, India, UK, Germany - Size and Forecast 2024-2028

Two Wheeler Keyless Entry System Market Size and Trend 

The Two wheeler Keyless Entry System Market size is forecast to increase by USD 173.53 billion, at a CAGR of CAGR of 8.41% between 2023 and 2028. There are several factors play a crucial role in the market's growth, such as the safety and convenience associated with advanced vehicle access solutions, the growing penetration of automotive electronics, and the expanding market share in emerging economies. Electronic systems for building security have advanced from physical keys to modern methods like remote control, smart cards, and biometric scans. In the automotive market, keyless entry systems such as passive keyless entry System (PKES) and Remote keyless entry system (RKES) are becoming popular among luxury two-wheeler manufacturers. With rising crime rates, both homeowners and business owners rely on video surveillance, CCTV systems, and alarm systems for protection. Aftermarkets and OEMs offer solutions like the Vida-a-gogo electric scooter with an anti-theft wheel locking system to enhance vehicle security.

What will be the Size of the Market During the Forecast Period?

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Key Player of the Market

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Asahi Denso Co., Ltd. - The company offers two wheeler keyless entry systems such as hands free system for motorcycles consists of an electrical steering lock unit incorporating an electric actuator, an access switch, and a control unit, a wireless communication antenna, an authentication key fob, and an emergency sub key.

The research report also includes detailed analyses of the competitive landscape of the market and information about 12 market companies, including:

• Changzhou Wujin Blector Electronic Co.Ltd.
• Continental AG
• Coocase
• Digital Guard Dawg Inc.
• Fuzhou PEPE Electronics Technology Co., Ltd
• Guangdong Jianya Motorcycle Technology Co., Ltd.
• Honda Motor Co. Ltd.
• LINKA Smart Locks
• Steelmate Co Ltd.
• TSS Group
• Kawasaki Heavy Industries Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Segmentation

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

• Type Outlook
  • Remote keyless entry system
  • Passive keyless entry system

• Application Outlook
  • Aftermarkets
  • OEMs

• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • South America
    • Chile 
    • Brazil
    • Argentina 
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

The remote keyless entry system segment is estimated to witness significant growth during the forecast period. The two wheeler RKES is an electronic lock that allows the user of the vehicle to gain physical access that enables the locking and unhooking option operation without using the conventional mechanical key. The two wheeler unlocks the vehicle using electronic locks and radio frequency identification locks, which secures access to the vehicle. Two wheeler RKES are likely to be a standard feature in upcoming two wheelers. 

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The remote keyless entry system segment was the largest and was valued at USD 156.17 billion in 2018. Two wheeler electronics have rapidly evolved over the past decade with the electrification of mechanical components and the introduction of electronics in safety, security, and propulsion technologies. This structural shift has pushed semiconductor and integrated circuit companies to focus on the automotive industry and cater to its requirements. Additionally, automotive keyless entry system manufacturers are focusing on integrating the remote keyless system with other functionalities of the two wheeler vehicle, such as a smartphone app that communicates with the vehicle electronic system to perform key functions wirelessly. This is expected to be introduced in two wheeler vehicles and gradually adopted in mass vehicles during the forecast period. Such developments are expected to drive the growth of the segment of the market during the forecast period.

Regional Analysis

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APAC is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional market trends and analysis along with drivers that shape the market during the forecast period. China, Japan, India, Indonesia, South Korea, Thailand, and Australia are major market enablers for the market. The high-volume sales of two wheelers in these countries are driving the market growth analysis. The penetration rate for two-wheeler keyless entry systems in the vehicles sold in the region is growing. In addition, the increasing incidence of vehicle thefts in the region is driving the automakers to offer vehicles with advanced security systems. APAC comprises some of the rapidly growing two wheeler economies globally, including China, India, and ASEAN countries.

In addition, the economic growth in these countries has boosted spending on infrastructure and industrial development as well as pushed demand for passenger two wheeler vehicles. Rapid economic development in the emerging APAC economies has boosted per-capita income, which has increased the purchasing power of consumers and, in turn, increased two wheeler sales. Such factors are expected to drive the growth of the regional market during the market forecast period.

Market Dynamic

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.The two-wheeler keyless entry system market is experiencing significant growth, driven by advancements in building automation systems , two-wheeler elecytronic unit and enhanced security features. Luxury two-wheeler manufacturers are increasingly adopting CCTV systems and security camera to ensure vehicle safety and monitoring. These manufacturers are also integrating card-based recognition systems for a more seamless and secure access experience. As the demand for  premium motorcycle rises, the market for keyless entry systems expands, offering riders the convenience of modern technology without compromising on security.

Key Market Driver

Safety and convenience associated with advanced vehicle access solutions are notably driving the market growth. The market is growing in line with an increased sales volume of two wheeler owing to its high penetration rate in automobiles. The prominent automakers are equipping their vehicles with advanced key systems, which is driving the market, owing to the benefits associated with the two-wheeler keyless entry system. With advancements in automotive technology, modern automobiles are using smart and intelligent vehicle access systems, which have evolved in terms of operation and functioning. 

Moreover, the two-wheeler keyless entry system adds to the vehicle safety against theft. The vehicle immobilizer system recognizes and validates the code sent by the two-wheeler keyless entry system to start the ignition. Most of the two-wheeler keyless entry systems use computer-encrypted microchips and coding, which increase the vehicle security quotient. Such factors are expected to drive the growth of the market during the forecast period.

Key Market Trends

The development of biometric-based ignition systems is an emerging trend influencing the market growth and trends. Most two-wheeler ignition switches are still accessed using mechanical keys, while a few have started using keyless systems for ignition. The development of the biometric-based ignition system that requires biometric access for switching the ignition on/off is a new trend in the market. Biometric systems are expected to be initially adopted in luxury and high-end motorcycles. In terms of the adoption of this technology in two-wheelers, the smartphone industry has made the consumer familiar with the use of biometric systems. The adoption rate of biometric systems is expected to rise with the increasing integration of smartphones into two wheelers.

However, as the two wheeler industry is cost-sensitive and requires better quality and process certifications than other industries, vendors are expected to focus on exploring cost-effective measures to cater to the volume-based two wheeler industry. Thus, the development of the biometric-based ignition system will not impact the two wheeler ignition switch industry immediately, but in terms of revenue, the market will benefit from the system. Thus, the development of biometric-based ignition systems in the market is expected to propel the growth of the market during the forecast period.

Major Market Challenge

Thefts owing to hacking of vehicles security system is a significant challenge hindering market development. Vehicle access systems face several security issues owing to the use of electronic components and sub-systems along with software and complex algorithms. Hackers use advanced computer-controlled hacking systems to extract system data and necessary information. Hackers can hack a vehicle security system even without touching the two-wheeler. They use electronic devices to amplify signals by rebooting the vehicle security system.

Moreover, in most cases, hackers use a hacking system connected to the vehicle they intend to steal and can unlock the two-wheeler system and start the engine by reprogramming its security system. Despite automotive OEMs installing antitheft systems in vehicles, thefts of vehicles with such systems are not decreasing owing to the use of advanced hacking devices. Thus, such factors are expected to restrict the market's growth market during the forecast period.

Market Customer Landscape

The market research and growth report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market analysis and report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.

 Customer Landscape

What is the working of keyless entry?
Keyless entry is an innovative system that lets you unlock car doors without needing to handle the key. The car automatically detects when the fob is nearby and unlocks the doors for you, allowing the key to remain in a pocket or bag without being removed.

What is keyless smart entry?
Keyless entry, known as Toyota Smart Entry by Toyota, enables drivers to access their vehicles without using a key. When you have the key on you or in your bag, the vehicle automatically unlocks as you place your hand on the door.

Market Analyst Overview

Electronic systems for building security have evolved beyond the traditional physical key to include remote control, smart card, and biometric scan technologies. In the realm of personal transportation, innovations like the Vida-a-gogo electric scooter come equipped with an anti-theft wheel locking system. With rising crime rates, luxury two-wheeler manufacturers now offer two-wheeler keyless entry systems. This includes advanced options like Passive Keyless Entry System (PKES) and Remote Keyless Entry System (RKES). These keyless entry systems enhance vehicle security for the user. Both aftermarkets and OEMs are responding to the growing demand for key fobs and immobilizers in premium motorcycles.

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What are the Key Data Covered in this Two-wheeler Keyless Entry System Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2024 and 2028
• Precise estimation of the market  size and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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