Automotive Keyless Entry System Market is projected to expand at a steady CAGR over the forecast by 2031 | Alps Electric Co., Continental AG, DENSO Corporation, Hella KGaA Hueck & Co.

Global Automotive Keyless Entry System Market report from Global Insight Services is the single authoritative source of intelligence on Automotive Keyless Entry System Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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A keyless entry system is an electronic lock that controls access to a vehicle without the use of a traditional key. The system typically uses a key fob, which is a small remote control that is carried by the user, to unlock the doors. Some keyless entry systems also allow the engine to be started without the use of a key.

Key Trends:

There are several key trends in automotive keyless entry system technology. One is the trend toward using smartphones as a key. This is being driven by the increasing use of smartphones in general and the desire of consumers for more convenient access to their vehicles. Another trend is the use of biometrics such as fingerprint recognition for added security. This is in response to the increasing number of vehicle thefts that are being carried out using traditional keyed entry methods. Finally, there is a trend toward integrating keyless entry systems with other vehicle systems such as navigation and infotainment. This is being driven by the desire to provide a more seamless and integrated experience for the user.

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Key Drivers:

The automotive keyless entry system market is expected to be driven by the increasing demand for luxury and premium cars. The system provides greater convenience and safety to the users and is therefore preferred over the traditional key systems. The other drivers of this market include the increasing demand for passenger cars and the need for enhanced security features in the vehicles. The keyless entry system market is expected to be restrained by the high cost of the system and the lack of awareness about the benefits of the system.

Market Segments:

The Automotive Keyless Entry System Market is segmented on the basis of sales channel, vehicle type, product type, and region. Depending on sales channel, the market is segregated into OEM, and aftermarket. By vehicle type, it is categorized into passenger cars, LCV, and HCV. Depending on product type, it is fragmented into remote keyless entry (RKE) system, and passive keyless entry (PKE) system. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players:

The Automotive Keyless Entry System Market report includes players such as Alps Electric Co., Continental AG, DENSO Corporation, Hella KGaA Hueck & Co., Microchip Technology Inc., Mitsubishi Electric Corporation, NXP Semiconductors, Robert Bosch GmbH, Tokai Rika and Valeo.

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