Burgeoning Demand from Education and Healthcare Industries to Boost Growth in Keyless Entry System Market Revenue | Key Players are ASSA ABLOY AB,Safran Group,Gemalto NV,NEC Corporation,Suprema, Inc.

Advances in home automation have revolutionized the overall approach towards physical security. Electronic keyless entry systems such as remote control locks, electric door strikes, and keyless locks enable users to lock and unlock their homes remotely, thereby providing enhanced flexibility and convenience. Technological advancements have broadened the horizon for product development, leading to the introduction of IoT integrated devices such as keyless entry systems. In a new study by Persistence Market Research, the global keyless entry system market is projected to witness a growth rate of 10.2% during the eight year period 2018 to 2026.

Leading tech giants are working on automating home entry systems through the incorporation of cloud systems and Artificial Intelligence. For instance, Amazon launched Amazon Key in the U.S., which is still in the testing phase. It relies on the Cloud Cam (also a product of Amazon) along with a compatible smart lock. The camera is the center of this entire process and is connected to the Internet through the Wi-Fi of the concerned home. The camera is empowered to communicate with the lock via Zigbee, which facilitates keyless entry for Amazon delivery executives to deliver shipments. Some of the other companies working on innovative home automation systems include ASSA ABLOY AB, Safran Group, Gemalto NV, NEC Corporation, Suprema, Inc., and Aware, Inc. Structured research and development along with product differentiation continues to drive the growth strategies of these companies, given the fact that the scope for innovation in home automation is peaking with every passing day.

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Burgeoning Demand from Education and Healthcare Industries to Boost Growth in Revenue

Owing to the enhanced features associated with keyless entry systems, an increasing demand is being witnessed from various industries, especially from the education and healthcare sector. Biometric entry systems enable educational institutions to monitor student entry and manage daily attendance. Keyless entry systems are widely used in hospitals to keep a close tab on the entry of individuals in restricted areas. As the security aspect continues to gain more relevance across diverse industry sectors, the adoption of keyless entry systems is expected to surge in the coming years.

Keyless Entry System Market : TOC
1. Executive Summary
A gist of the report, highlighting the key takeaways
1.1. Market Overview
1.2. Market Analysis
1.3. Analysis and Recommendations
1.4. Wheel of Fortune

2. Market Introduction
A definition of Keyless Entry System and related market taxonomy
2.1. Market Taxonomy
2.2. Market Definition

3. Market Background
Tracking the market scenario, with key inferences drawn from historical data, current trends, and future prospects
3.1. Macroeconomic Factors
3.2. Forecast Factors – Relevance & Impact
3.3. Value Chain
3.4. Market Dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunity Analysis

4. Market Forecast
An overview of the global market size and future projections
4.1. Market Size Projections
4.1.1. Y-o-Y Projections
4.1.2. Absolute $ Opportunity Analysis

5. Global Keyless Entry System Market Analysis by Type
Assessment of Type, highlighting historical trends and forecasts on the basis of key segments
5.1. Introduction
5.1.1. Market Value Share Analysis By Type
5.1.2. Y-o-Y Growth Analysis by Type
5.2. Historical Market Size Analysis by Type, 2013-2017
5.3. Market Size Forecast by Type 2018-2026
5.3.1. Biometrics
5.3.1.1. Face Recognition
5.3.1.2. Iris Recognition
5.3.1.3. Signature Recognition
5.3.1.4. Fingerprint Recognition
5.3.1.5. Others (Palm Recognition, Voice Recognition etc.)
5.3.2. Card-Based
5.3.2.1. Magnetic Stripe Card Access System
5.3.2.2. Proximity Card Access System
5.3.2.3. Smart Card Access System
5.3.3. Keypad Access Entry System
5.3.4. Remote Access
5.3.4.1. Bluetooth
5.3.4.2. Smartphone/Laptop
5.4. Market Attractiveness Analysis by Type

High CAPEX May Inhibit Adoption Rate

One of the chief dynamics that may adversely impact the early adoption of keyless entry systems is the high initial investment required in installing remote accessible entry access systems, NFC/proximity card-enabled access systems, smart card-enabled access systems, and biometric devices. This cost complexity is tipping the scales in favor of traditional door entry systems, thereby hindering the global sales of keyless entry systems.

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North America’s Hospitality Industry Gets an Upgrade with Smartphone-enabled Entry Access Systems

Increasing living standards and the demand for a seamless end-user experience in North America has led to the introduction of smartphone-enabled entry access systems in hotels and the entire hospitality sector. Furthermore, high competition in the industry has led to increased adoption at a faster rate, which has offered an attractive opportunity to vendors. For instance, OpenKey, a recently formed smartphone application startup based in the U.S., enables guests at hotels to lock/unlock their rooms using only a smartphone application.

Soaring Application of Biometric Access in European Government Sector Enables the Region to Secure Second Largest Market Position

In Europe, rising adoption of biometric entry access systems is being observed in the government sector to promote border management, provide hassle-free access to authorized individuals, and help in efficient management of the workforce. The U.K. Government verifies fingerprints using a fingerprint biometric system to grant access to individuals into the country, as a part of their border management process. Other than these, the demand for remote access entry systems is also catered with the deployment of the same, in both, the residential and hospitality sectors.

Surging Demand for Bluetooth-enabled Biometric Systems Uplifts Chinese Market for Keyless Entry Systems

Owing to the rising penetration of Bluetooth technology and burgeoning demand for remote accessibility by end users, increasing adoption of Bluetooth-enabled keyless entry systems is being witnessed from the residential segment in the region. Various vendors have started offering the same with an intention of expanding their business, especially in the unorganized market. YGS, a local Chinese vendor of digital keyless entry systems, offers a wide product portfolio for biometric-enabled entry systems in the region.

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