Automotive Keyless Entry Systems Market is expected to witness 6.8% CAGR in 2021
The forecast of the market size has been segmented by –
Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium- & Heavy-Duty Commercial Vehicle),
Product Type (Remote Keyless Entry, Passive Keyless Entry),
End Market Type (OEM, Aftermarket),
North America (Country Analysis: The USA, Canada, and Mexico)
Asia-Pacific (Country Analysis: China, Japan, India, South Korea and Rest of Asia-Pacific)
Rest of the World (Country Analysis: Brazil, Argentina and Others)
The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Automotive Keyless Entry Systems Market.
Years considered for this report –
base year 2016
trend period 2010 – 2015
forecast period 2016 - 2021
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The automotive industry has been leveraging the potential of the electric and electronic components in most of the application areas to enhance passenger comfort and to increase safety and security features in the vehicles. One such example is the keyless entry system that was introduced about 20 years back. The keyless entry system uses integrated circuit that transfers the electromagnetic signals to lock or unlock the vehicle door. This system provides high convenience and enhances the security of the vehicle.
The global keyless entry systems market in the automotive industry offers a good growth opportunity and is expected to witness 6.8% CAGR during the forecast period of 2016 to 2021. Increasing automotive production, stringent vehicle theft prevention regulations, focus on high comfort and convenience, and demand for high security vehicles are the major drivers of the global keyless entry systems market.
Passive keyless entry system to witness the fastest growth
Remote keyless entry system (RKE) is the dominant entry system worldwide and offers optimum solutions to all the low cost auto vehicles. Passive keyless entry system (PKE) is likely to witness the fastest growth during the forecast period as it offers higher convenience and better security to the vehicle than traditional remote keyless entry system. There would be a continuous shift from remote keyless entry system to passive keyless entry system in the next five years.
Passenger car to remain largest market
Passenger car segment is expected to remain the largest market for keyless entry systems during the forecast period. High demand for better comfort and security vehicles and increasing car production will continue to drive the demand of the keyless entry systems in the passenger car segment.
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Asia-Pacific to be the growth engine
Asia-Pacific region is expected to be the growth engine of the global keyless entry systems market in the next five years, driven by emerging economies, such as China and India. China is the world’s largest automotive market having a good growth potential in the next five years.
New product development, capacity expansion and regional expansion are the key strategies adopted by the key players to gain competitive edge in the market.
The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Major Automotive Keyless Entry Systems companies - Continental AG, Hella Group, Delphi, Valeo, TRW Automotive, Alps Electric and Mitsubishi Electric Corporation.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
Market structure: Overview, industry life cycle analysis, supply chain analysis
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
Market trend and forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities
Strategic growth opportunities for the existing and new players
Key success factors.
This report studies the Automotive Keyless Entry Systems Market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -
Extensive secondary research,
Rigorous primary interviews with more than 10 industry stakeholders across the value chain.
Validation and triangulation of data with Stratview Research’s internal database and statistical tools.
More than 1000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.
Stratview Research has several high value market reports in the Automotive industry. Please refer to the following link to browse through our reports:
About Stratview Research
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