Keyless Vehicle Access Control Market: Information by Type (Passive Keyless Entry Systems, Remote Keyless Entry System), End-User (Aftermarket), Application, and Region — Forecast till 2029

Keyless vehicle access control is a part of the automotive market that uses technology such as radio communication and the Ultra Wide Band (UWB) frequency for effective communication between the car and the key. The multiple features comprise convenience, better access control, time-saving, advanced security, and automatic locking, among others. It’s rising use in luxury cars, and the growing popularity of economical vehicles in developing countries drives the market growth.

Increasing Penetration of Smartphones and Other Smart Devices to Drive the Market

The advent of technology has led to a rise in the number of smartphone users across the globe. As stated in the report entitled ‘The Mobile Economy 2020’ by the GSM Association, in 2019, there were nearly 5.2 billion smartphone users that accounted of a total of 65% of the global population and are expected to reach 7.1 billion by 2025 that is 80% of the total population. Further, as stated in ‘The Ericsson Mobility Report 2020’, by Ericsson, a significant growth in the mobile network data traffic every quarter was witnessed in the year 2018. Increasing dependency on smartphones and the internet for efficient connectivity has surged the utilization of keyless vehicle access control.
Remote Keyless Entry System Segment Accounted for the Maximum Market Share.

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On the basis of type, the keyless vehicle access control market is divided into a passive keyless entry system and remote keyless entry system. The remote keyless entry system segment accounted for the maximum share, owing to the high convenience, better access control, and improved security. It is highly preferred by the consumers and deployed in all types of cars, including luxury and economical cars. Further, its increased functionality over the traditional keys and cost-effective nature over the passive keyless entry systems drives the segment growth. Passive keyless entry systems, on the other hand, are highly advanced and use the Ultra Wide Band technology that enables security-critical vehicular access control applications. They are utilized mainly by the original equipment manufacturers for luxury vehicles.

Inclination Towards Luxury Vehicles to Drive the OEM Segment Growth

By end-user, the keyless vehicle access control market is divided into original equipment manufacturer (OEMs) and aftermarket. The OEM segment holds the highest share, owing to the inclination towards luxury vehicles and its increased production by the various automotive companies. The luxury car market is projected to reach USD 13 billion by the end of 2020. Further, the increasing research and development by companies, such as Audi, BMW, VOLVO, Lincoln, Porsche, and Mercedes Benz, among others, to provide hi-tech facilities to the customers have bolstered the segment growth.

Key Players

Denso Corporation (Japan)
HELLA GmbH & Co. KGaA (Germany)
ZF Friedrichshafen AG (Germany)
Calsonic Kansei Corporation (Japan)
Continental AG (Germany)
Lear Corporation (the U.S.)
Delphi Automotive LLP (Ireland)
Alps Automotive Inc. (Japan)
TRW Automotive Holdings Corporation
Mitsubishi Electric Group(Japan)
Valeo S.A (France)
Omron Automotive Electronics Co. Ltd (Nidec) (Japan)
Marquardt Switches Inc. (Germany)
Atmel Corporation (the U.S.)
Other important aspects of the report:

- The study contains detailed information on key parameters that are expected to affect future market growth.
- It further discusses the driving factors and explains their impact on industry profits.
- The research includes information about the challenges that the market may encounter in the expected time and their impact on the market space.
An overview of information related to geographic indicators included in the report:
- Data on consumption rates in various regions.
- During the forecast period, consumption rates in all regions are expected to rise.

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- The market share of each region studied in the report is expected to grow.
- Regional contribution and income generation in all regions.
- The expected growth rate of each region in the expected duration.

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This release was published on openPR.