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Automotive Keyless Entry System Market Report 2023-2032: Market Analysis, Growth, Key Trends And Forecast
Automotive Keyless Entry System Market
The Business Research Company's Automotive Keyless Entry System Global Market Report 2023 identifies Rising inclination towards safety and security as the major driver for the Automotive Keyless Entry System market's growth in the forecast period. There is more interest in the safety and security of vehicles to avoid any theft of systems within the vehicle or the vehicle itself. The safety features are being bundled and made standard on even the cheapest vehicles, trucks, and crossovers to enable safety and security.
The global automotive keyless entry system market size grew from $1.4 billion in 2022 to $1.57 billion in 2023 at a compound annual growth rate (CAGR) of 12.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive keyless entry system market size is expected to grow to $2.48 billion in 2027 at a CAGR of 12.1%.
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Major competitors in the Automotive Keyless Entry System market are Denso Corporation, HELLA GmbH & Co KGaA, ZF Friedrichshafen AG, Continental AG, Alps Alpine Co Ltd., Mitsubishi Electric Corporation.
A key trend in the Automotive Keyless Entry System market includes technologically advanced in-vehicle security. Companies operating in the automotive keyless entry system market are focusing on providing technologically advanced in-vehicle security systems such as a keyless entry system with engine start/off, AC control, and other features. Automobile manufacturers who also provide this system are investing heavily in launching new car models and the new version of old car models with keyless entry technology. This eliminates the need for customers to buy keyless entry systems separately as the system is inbuilt within the vehicle itself. For instance, in August 2020.
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The Automotive Keyless Entry System market is segmented -
• By Product: Passive Keyless Entry Systems, Remote Keyless Entry Systems
• By Vehicle Type: Passenger Cars, LCV, HCV
• By End-Users: Aftermarket, Original Equipment Manufacturer (OEMs)
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Automotive Keyless Entry System market.
The Business Research Company's "Global Automotive Keyless Entry System Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Automotive Keyless Entry System Market Include:
1. Executive Summary
2. Automotive Keyless Entry System Market Characteristics
3. Automotive Keyless Entry System Market Trends And Strategies
4. Automotive Keyless Entry System Market - Macro Economic Scenario
5. Automotive Keyless Entry System Market Size And Growth
…………………………………………………….
26. Africa Automotive Keyless Entry System Market
27. Automotive Keyless Entry System Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Keyless Entry System Market
29. Automotive Keyless Entry System Market Future Outlook and Potential Analysis
30. Appendix
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