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Automotive Keyless Entry Systems Market By Technology, Growth Dynamics 2019 Revenue, Key Players - Panasonic, Atmel Corporation, ZF Group, Denso, Delphi, HELLA, Valeo
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Automotive Keyless Entry Systems Market will witness gains owing to its extensive usage in automobiles. The product is an electric lock that controls access to vehicle without using traditional mechanical keys. It performs function of a standard car key without physical contact, within the diameter of few miles. It is commonly used in all the automobiles for high security and convenience to driver.
Asia Pacific led by India and China are major contributors in automotive keyless entry systems market. These regions are largest producers of automobiles, rising disposable income, increasing population are the major factors boosting product demand. China vehicle sales will grow over 4.5% in 2017 as tax cut reduced on small engine cars. The country hosts almost all big brands and models’ car manufacturers such as Audi and Venucia. The product is featured by all the car brand making it most desirable feature in a vehicle.
Europe automotive keyless entry systems market will witness robust growth owing to rising cases of car theft in the region. Switzerland accounts for highest cases of car theft in the world. People in the country incurs huge loss in terms of car theft, technological advancement, easy hacking are factors that ease the cases of theft in the country.
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North America automotive keyless entry systems market dominated by the U.S. is the largest manufacturer of luxury cars. The product is optional in the low budget cars but is mandatory in all the luxury cars. This system provides ease in accessibility, handling and adds value and prestige in vehicle. With rising technological advancement, low employment rate and high demand for luxury cars drives automotive keyless entry systems market in the region.
Sales increase of global car sales industry has triggered automotive keyless entry systems market. It is an essential component of the vehicle which provides security and accessibility to the car without physical contact. Fiscal backdrop around the world and positive sales position raised demand of the component. 2016 was record breaking year for global car sales and it further expecting growth in near future. It registered over 4% hike in sales of vehicles worldwide. Growing investment on luxury cars has positively impacted demand of the product.
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Key manufacturers in automotive keyless entry systems market are Mitsubishi Electric Group, Panasonic Corporation of North America, Atmel Corporation, Calsonic Kansei Corporation, Delphi PLC, Denso Corporation, Valeo, ZF TRW, Hella KGaA Hueck and Tokai Rika Co. Ltd.
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