Automotive Keyless Entry Systems Market estimated to grow at impressive CAGR in the forecast period (2016-2021)

Summary:
The report on the Automotive Keyless Entry Systems Market by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2016-2021. The report also offers insights into different market segments and other factors affecting the market.

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Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Automotive Keyless Entry Systems Market is expected to inflate at impressive CAGR by the forecast period (2016 – 2021).

As per the report, the market is segmented by:
• By Vehicle Type: Passenger Car, Light Duty Vehicles, Medium & Heavy-Duty Vehicles
• By Product Type: Remote Keyless Entry (RKE), Passive Keyless Entry (PKE)
• By End Market: OEM, Aftermarket
• By Region: North America, Europe, Asia-Pacific, Rest of the World

The Table of Contents can be gone through here:
https://www.stratviewresearch.com/toc/159/automotive-keyless-entry-systems-market.html

Highlights of the Report:
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.

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 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.

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.

Key Players of the Market
The market is consolidated in nature with five major players Alps Electric, Continental AG, Delphi, Hella, Marquardt holding together the major share in the market, with Asian Industry Co., Ltd being the key player.
Other important firms are Mitsubishi Electric Corporation, TRW Automotive, Valeo.

Features of the Report
The Report discusses about the working of the keyless entry systems, the various types, and the growth of the keyless entry systems in the global market. Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

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Stratview Research
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Direct: +1-313-307-4176

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This release was published on openPR.