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Keyless Entry System Market Share by 2027: Global Opportunity Analysis and Industry Forecast

10-20-2020 03:05 PM CET | Logistics & Transport

Press release from: Allied Analytics LLP

Keyless Entry System Market Share by 2027: Global Opportunity

Mitsubishi Electric Corporation, a Japan-based company, developed smart solutions for automotive equipment. It consists an autonomous function to lock/unlock doors or start an engine without key. In addition, Hyundai Mobis, a South Korean-based company, developed a remote smart parking assist solution, which facilitates users to park a car using remote as the smart key. Furthermore, it launched a new technology named AVPS that ensures electric vehicles to charge and park automatically.

Keyless entry system is also referred to as central remote locking. It is a lock, that operates automatically and ensures enhanced convenience, and security to users. It is used in various applications such as cars, buildings, bank lockers, and others. Keyless Entry System locks are accessed by keypad, numeric codes, and touch sensors. These keypads are located near or at the driver’s door, or the entry gate of premises. Moreover, it offers several advantages over the traditional lock system as it is compact in size, easy to carry, and is coupled with feature of proximity sensor.

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Factors such as increase in adoption of autonomous and driverless cars and, rise in demand for remote entry access systems such as biometric, in the government, residential, and hospitality sectors for security are the major drivers for the market. However, its high cost can hinder the keyless entry system market growth. Furthermore, enactment by the government for keeping patient privacy in the healthcare industry, increase in usage of Bluetooth enabled keyless entry system in residential sector provides lucrative opportunities to the market to grow.

The keyless entry system market is segmented by type, end use, and region. Based on type, the market is classified into biometrics, card-based, remote access, and others. Based on end use, the market is bifurcated into commercial, industrial, and residential. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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KEY BENEFITS FOR STAKEHOLDERS:
This study includes the analytical depiction of the global keyless entry system market share along with the current trends and future estimations to determine the imminent investment pockets.

The report presents information regarding the key drivers, restraints, and opportunities.

The current market is quantitatively analyzed from 2019 to 2026 to highlight the financial competency of the industry.

Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

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Key players operating in the global keyless entry system market are Atmel, Mitsubishi Electric, 3M cogent, Delphi Continental AG, Denso, Alpha electric, Hyundai mobis, ELLA GmbH & Co, Robert Bosch GmbH, and Valeo among others. These players focus on R&D, advancement of electronic devices. These players adopt collaboration, partnership, and agreement as their key developmental strategies to increase revenue of the keyless entry system industry and develop new products for enhancing product portfolio.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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