Automotive Keyless Entry System Market 2023: Future Demand, Market Analysis & Outlook To 2029

Market Overview:
Global Automotive Keyless Entry System Market was valued at USD 1.70 Billion in 2021 and is expected to reach USD 3.21 Billion by the year 2028, at a CAGR of 9.5%.

The automobile keyless access system is an electronic lock that makes it possible for the owner of a vehicle to get access and physically unlock and lock the vehicle without the use of a conventional mechanical key. The automotive keyless entry system uses biometric scanning, electronic locks, radio frequency identification locks, and Bluetooth unlocking devices to safeguard access to the vehicle. Sending a radio frequency signal from a distant transmitter to a control module/receiver within the automobile is the most common way to get keyless access. This RF, or radio frequency, signal is transmitted to the car as an encrypted data stream.

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Market Dynamics:
Driver:
The main forces for market expansion are increasing car sales and increased safety and security concerns, particularly in emerging economies. The keyless entry control system has advanced applications for safety features like opening the tailboard, adjusting the front and back seats, tire pressure monitoring systems, car alarms, light control, and multimedia file storage. In addition, stringent criteria for automotive safety exist, including the Federal Motor Vehicle Safety Standards (FMVSS), the Bharat New Car Assessment Programme (BNCAP), and the Canadian Motor Vehicle Safety Standards. As a result, it is anticipated that more people would utilize automotive keyless car entry systems, fostering market expansion over the projection period.

Opportunities:
Manufacturers were able to create the modern ignition system and transform it into a push-button system because of advancements in automotive electronics. This system is connected to an ignition system that turns on the car using signals from the key fob. Such sophisticated technology will alter the automotive industry over the anticipated period. Major automakers are making significant investments in keyless entry access systems. Many automakers are releasing keyless entry access system-equipped new models and updated iterations of already-existing ones.

Key Chapter Will Be Provided In The Report
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis

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Analysis of the Top Market Players:
• DENSO CORPORATION
• HELLA GmbH & Co. KGaA
• ZF Friedrichshafen AG
• Continental AG
• ALPS ALPINE CO. LTD
• Mitsubishi Electric Corporation
• Valeo S.A
• Microchip Technology Inc
• Robert Bosch GmbH
• NXP Semiconductors and others major layers.

Segmentation of the Automotive Keyless Entry System market
By Type
• Passive Keyless Entry Systems
• Remote Keyless Entry Systems Fast

By Application
• Passenger Cars
• Commercial Vehicles

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Regional Analysis of Automotive Keyless Entry System Market
North America is dominating the Automotive Keyless Entry System Market. Because of growing purchasing power parity (PPP), greater involvement of the area's main automotive businesses, and suitable technical infrastructure, the North American region generates higher demand for vehicle keyless entry systems. The OEMs and aftermarket options are equally adopted customers, especially in the United States and Canada. Furthermore, the United States, Mexico, and Canada account for the majority of the market's income. Furthermore, rising internet penetration and an increase in the number of smartphone users are propelling the automobile sector forward, further boosting market expansion.
• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

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Key Developments of Automotive Keyless Entry System Market

June 2021, HELLA launches digital car key with ultra-wideband technology, this new technology offers the greatest possible convenience using completely hands-free, smartphone-based vehicle access with the highest safety.

March 2020, Secure Car Access Across Key Fobs, Smartphones, Smart Cards, and Other Mobile Devices with NXP Digital Key Solution. The solution improves automobile access ease by providing the safe foundation needed to allow additional features such as key sharing, multi-car access, and adjustable driving permissions.

Table of Content:

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2: Executive Summary

Chapter 3: Growth Opportunities By Segment
 3.1 By Type
 3.2 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Automotive Keyless Entry System Market by Type
 5.1 Automotive Keyless Entry System Market Overview Snapshot and Growth Engine
 5.2 Automotive Keyless Entry System Market Overview
 5.3 Passive Keyless Entry Systems
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Passive Keyless Entry Systems: Geographic Segmentation

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