Press release
Two wheeler Keyless Entry System Market Size 2024 to 2031.
Market Overview and Report CoverageA Two wheeler Keyless Entry System is a modern technology that allows users to unlock and start their motorcycles without the need for a physical key. This is achieved through the use of radio frequency identification (RFID) technology, which enables the bike to recognize the owner's unique electronic key fob.
The future outlook for the Two wheeler Keyless Entry System Market looks promising, with a projected growth rate of 6.20% during the forecasted period. This growth can be attributed to the increasing demand for convenience and security features in motorcycles, as well as the rising popularity of smart connectivity solutions in vehicles.
Additionally, advancements in technology, such as the integration of biometric authentication and smartphone connectivity, are expected to further drive the adoption of keyless entry systems in two-wheelers. These modern features not only enhance the overall user experience but also provide added layers of security against theft and unauthorized access.
Overall, the current and future outlook for the Two wheeler Keyless Entry System Market is positive, with continued innovation and technological advancements driving growth in the industry.
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Market Segmentation
The Two wheeler Keyless Entry System Market Analysis by types is segmented into:
• Passive Keyless Entry System (PKES)
• Remote Keyless Entry System (RKES)
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The Two wheeler Keyless Entry System market can be divided into two main types: Passive Keyless Entry System (PKES) and Remote Keyless Entry System (RKES). PKES allows the user to unlock and start their vehicle without physically pressing any buttons on a key fob, using proximity technology instead. On the other hand, RKES requires the user to press buttons on a remote control to unlock or start their vehicle. Both systems offer convenience and security features for two-wheeler owners.
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The Two wheeler Keyless Entry System Market Industry Research by Application is segmented into:
• Aftermarkets
• OEMs
Two-wheeler keyless entry systems are gaining popularity in both the aftermarkets and OEMs market. Aftermarkets refer to the installation of these systems in existing vehicles by third-party vendors, catering to consumers who want to upgrade their bikes. OEMs market involves the integration of keyless entry systems by manufacturers directly into new vehicles, offering a convenient and advanced feature to customers. Both markets are seeing increased demand for keyless entry systems due to the added security and convenience they provide.
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In terms of Region, the Two wheeler Keyless Entry System Market Players available by Region are:
North America:
• United States
• Canada
Europe:
• Germany
• France
• U.K.
• Italy
• Russia
Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia
Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia
Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea
What are the Emerging Trends in the Global Two wheeler Keyless Entry System market?
One emerging trend in the global two-wheeler keyless entry system market is the increasing adoption of advanced security features such as biometric authentication and geofencing technology to enhance user experience. Another trend is the integration of smartphone connectivity, allowing riders to remotely lock/unlock their vehicles and receive real-time alerts. Additionally, the shift towards environmentally friendly electric two-wheelers is driving the demand for keyless entry systems that complement the advanced technology of electric bikes. Manufacturers are also focusing on developing compact and durable keyless entry systems to meet the growing demand for convenience and security in the two-wheeler market.
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Major Market Players
Among the competitive players in the two-wheeler keyless entry system market, HELLA stands out as a leading global supplier of automotive lighting and electronics. Established in 1899, the company has a long history of innovation and development in the automotive industry. With a focus on providing cutting-edge solutions for safety and comfort in vehicles, HELLA has expanded its product offerings to include keyless entry systems for two-wheelers.
Another key player in the market is ZF Friedrichshafen, a German multinational company known for its expertise in driveline and chassis technology as well as active and passive safety technology. With a strong presence in the automotive components sector, ZF Friedrichshafen has leveraged its technical capabilities to develop advanced keyless entry systems for two-wheelers.
In terms of market growth and size, companies like Delphi, Continental, and Valeo have also made significant contributions to the two-wheeler keyless entry system market. These companies have a global presence and a strong reputation for delivering high-quality automotive solutions.
As for sales revenue, companies like DENSO, Alps Electric, and Marquardt have reported substantial earnings from their keyless entry system offerings. DENSO, a Japanese automotive supplier, has seen steady growth in its sales revenue due to its strong partnerships with leading vehicle manufacturers. Alps Electric, a Japanese electronic components manufacturer, has also experienced solid growth in its keyless entry system sales revenue. Similarly, Marquardt, a German-based automotive electronics supplier, has reported impressive sales revenue figures from its innovative keyless entry system solutions.
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