Global Automotive Keyless Entry System Market to grow at a CAGR of 7.56% during the period 2017-2021.

This market research study identifies ZF Friedrichshafen, Continental, Delphi*, Valeo, and HELLA as the leading players in the global automotive keyless entry system market. A comprehensive analysis of this market is also presented by product (PKE and RKE) and by geography (the Americas, APAC, and EMEA).

Download free PDF request sample @ https://www.radiantinsights.com/research/global-automotive-keyless-entry-system-market-2017-2021//request-sample

The adoption of keyless entry systems depends on the sales of vehicles. Technavio’s research analysis on the global automotive keyless entry system market has identified the increasing sales of automobiles in the developing economies as one of the major factors that will have a positive impact on the market’s growth in the coming years. To meet the growing demand, several automotive OEMs such as Toyota are focusing on increasing their production capacity. The company has already made plans to relocate its auto production unit to Mexico to meet the demand for SUVs and crossovers in the US and Canada. Similarly, during 2016, the automotive manufacturer General Motors has also launched vehicles in the SUV, crossover, and sedan segments in the US. The auto industry is witnessing considerable growth in the BRICS nations as well. Such factors will positively influence the sales of automobiles and automotive RKE systems. Our market research analysts have predicted that in terms of units, this market will grow at a CAGR of close to 8% by 2021.

Companies are introducing immobilizers to improve the security system of vehicles. The application of immobilizers helps in the detection of personal code when the ignition key is turned on. They also request for the second code or deactivates systems such as the fuel system, starter motor, or ignition, which restricts vehicle movement. As a result, the adoption of immobilizers in keyless entry systems will increase in the coming years, which according to our analysts will be one of the key trends that will gain traction in the automotive keyless entry system market during the forecast period.
Competitive landscape and key vendors

The automotive keyless entry system market appears to be concentrated. Players in the keyless vehicle access control system market are concentrating on maintaining the cost of production and developing better systems to maintain their profit margins. Moreover, they are also focusing on complying with the standards set by automotive OEMs and reduce the cost of production.

Key vendors in this market are -

ZF Friedrichshafen
Continental
Delphi*
Valeo
HELLA

Other prominent vendors in the market include Alps Electric, DENSO, HYUNDAI MOBIS, Marquardt, Mitsubishi Electric, Lear Corporation, OMRON Corporation, and Advanced Keys.
Segmentation by product and analysis of the automotive keyless entry system market

Passive keyless entry (PKE)
Remote keyless entry (RKE)

Browse Full report @ https://www.radiantinsights.com/research/global-automotive-keyless-entry-system-market-2017-2021/

RKE systems are equipped with a transmitter that uses radio frequency to communicate with the vehicle. The integration of keyless remote entry systems in mid-segment vehicles is constantly increasing. The preference for RKE in these vehicles will continue to increase throughout the projected period since the integration of this technology has enables the quick and convenient entry or exit operations.
Segmentation by geography and analysis of the automotive keyless entry system market

Americas
APAC
EMEA

The keyless vehicle access control system market is witnessing considerable growth in the Americas due to the growing concerns over vehicle theft, which boosts the adoption of enhanced security systems, such as anti-theft alarm system, vehicle tracking system, and remote and PKE system. The well-established supply chain for the keyless entry system production in North America will further influence the demand for keyless entry systems in the region.
Key questions answered in the report include

What will the market size and the growth rate be in 2021?
What are the key factors driving the global automotive keyless entry system market?
What are the key market trends impacting the growth of the global automotive keyless entry system market?
What are the challenges to market growth?
Who are the key vendors in the global automotive keyless entry system market?
What are the market opportunities and threats faced by the vendors in the global automotive keyless entry system market?

About Us

Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. Our market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights.

Get In Touch

201 Spear Street 1100, Suite 3036, San Francisco, CA 94105, United States

Tel : 1-415-349-0054

Toll Free: 1-888-928-9744

Mail: sales@radiantinsights.com

This release was published on openPR.