Key Factor Supporting Automotive Keyless Entry System Market Development in 2025: The Surge In Vehicle Safety Concerns Boosts Automotive Keyless Entry System Market

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What Is the Expected CAGR for the Automotive Keyless Entry System Market Through 2025?
The market size for the keyless entry system in the automotive sector has experienced swift expansion in the past few years. The market which was valued at $1.66 billion in 2024, is expected to increase to $1.83 billion in 2025, registering a compound annual growth rate (CAGR) of 10.3%. Factors contributing to the observed growth in the historical period include customer demand, the overall growth of the automotive industry, regulatory standards, increased vehicle manufacturing, and a rising awareness about vehicle security.

What's the Projected Size of the Global Automotive Keyless Entry System Market by 2029?
The market for automotive keyless entry systems is forecasted to experience a fast-paced expansion in the coming years, reaching a value of $3.02 billion in 2029, growing at a CAGR of 13.3%. Factors contributing to the anticipated surge during the outlook period include smart connectivity, emerging markets, development of electric and autonomous vehicles, heightened consumer expectations, and a global rise in vehicle ownership. Key trends predicted to influence the forecasts are the integration with connected car technologies, ongoing advancements in technology, continual tech-based innovations, biometric integration, and enhanced encryption methods.

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Top Growth Drivers in the Automotive Keyless Entry System Industry: What's Accelerating the Market?
The trend of heightened emphasis on safety and security in automobiles is propelling the expansion of the automotive keyless entry system market. There's an increased focus on ensuring vehicle safety and preventing potential theft of vehicle systems or the vehicle itself. Affordable cars, trucks, and crossovers are integrating standardized safety features to promote security. This focus on vehicular safety bolsters the demand for keyless entry systems, which use radio signals to lock, unlock, and remotely start a vehicle, providing both protection and convenience. The Insurance Information Institute, for instance, reports that in 2022, vehicle theft in the U.S. increased by 7% to 1,001,967. Similarly, the National Insurance Crime Bureau, a U.S.-based entity, released a report in April 2024 stating that vehicle thefts rose to over 1 million in 2023, an approximate increase of 1% from the previous year (1,020,729 in 2023 compared to 1,008,756 in 2022). Consequently, the growing penchant for vehicle safety and security will continue to stimulate the growth of the automotive keyless entry system market.

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What Trends Will Shape the Automotive Keyless Entry System Market Through 2029 and Beyond?
Advanced in-car security systems, such as keyless entry systems, are an emerging trend in the automotive keyless entry system market. As a strategy, companies in this market are introducing highly advanced in-vehicle security systems like keyless entry systems offering engine controls, AC controls, among other features. Auto manufacturers offering these systems are considerably investing in rolling out new auto models and updated versions of older models fitted with this technology. This ensures consumers don't have to purchase these systems separately as they come built-in. For example, Genesis Motor, LLC, a South Korean car manufacturer, debuted a new model of their Genesis GV60 in June 2023. This model was fitted with a unique biometric, face recognition-based keyless entry system, setting a global record as the first car with such advanced face recognition technology for vehicle entry. The system incorporates a camera installed in the door pillar which scans and identifies the driver's face to grant vehicle access.

What Are the Main Segments in the Automotive Keyless Entry System Market?
The automotive keyless entry system market covered in this report is segmented -

1) By Product: Passive Keyless Entry Systems, Remote Keyless Entry Systems
2) By Vehicle Type: Passenger Cars, LCV, HCV
3) By End-Users: After market, Original Equipment Manufacturer (OEMs)

Subsegments:
1) By Passive Keyless Entry Systems: Smart Key Systems, Proximity Sensors, Key Fob Systems With Automatic Unlocking, Touch-Sensitive Door Handles
2) By Remote Keyless Entry Systems: Traditional Key Fobs, Smartphone-Based Entry Systems, Keyless Entry With Alarm Integration, Remote Start Features

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Which Top Companies are Driving Growth in the Automotive Keyless Entry System Market?
Major companies operating in the automotive keyless entry system market include Robert Bosch GmbH, Panasonic Corporation, Denso Corporation, ZF Friedrichshafen AG, Continental AG, Hyundai Mobis Co. Ltd., Mitsubishi Electric Corporation, Valeo SA, Lear Corporation, STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Brose Fahrzeugteile GmbH & Co. KG, Alps Electric Co. Ltd., Omron Automotive Electronics Co. Ltd., Alps Alpine Co. Ltd., HELLA GmbH & Co. KGaA, Johnson Electric Holdings Limited, Marquardt GmbH, U-Shin Ltd., Kiekert AG, Alpha Corporation, Huf Hülsbeck & Fürst GmbH & Co. KG, Tokai Rika Co. Ltd., Minda Corporation Limited, Valeo Siemens eAutomotive Germany GmbH, Silca S.p.A.

Which Regions Will Dominate the Automotive Keyless Entry System Market Through 2029?
North America was the largest region in the automotive keyless entry system market in 2024. The regions covered in the automotive keyless entry system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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