impact of recession on your business
Automotive Keyless Entry Systems Market

Automotive Keyless Entry Systems Market Size, Share and Segmentation by Product Type (Remote Keyless Entry (RKE) System, Passive Keyless Entry (PKE) System), by Sales Channel (OEM, Aftermarket), by Vehicle Type (Passenger cars, LCV, HCV), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/AUTO/1851 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Automotive Keyless Entry Systems Market Size was valued at USD 1.73 billion in 2021 and is expected to reach USD 3.33 billion by 2028 and grow at a CAGR of 9.8% over the forecast period 2022-2028.

The term "automotive keyless entry system" refers to an electronic lock that gives the user physical access to the vehicle and allows the locking and unlocking of the car without the need for the standard mechanical key. The automotive keyless entry system is a new generation of vehicle access control that allows the driver to lock and unlock the vehicle using a remote or a portable device. This technology was developed. The determined coded signals can be emitted by the automobile end-user from set distance proximity, allowing them to lock and unlock the automotive. The majority of original equipment manufacturers (OEMs) in the automotive industry are responsible for developing the pre-defined programming that is used by keyless entry systems in vehicles.

Automotive Keyless Entry Systems Market Revenue Graph

In December 2020, Hella GmbH & Co. KGaA. launched the ultra-wideband digital automobile key. The growth of the global market for automobile keyless entry systems is supported by these firms' implementation of developments and product releases comparable to those described above.

MARKET DYNAMICS: 

KEY DRIVERS: 

  • Adoption of smart technology for the safety and convenience of automobiles.

  • The market is likely to increase as new products are developed to meet the shifting needs of consumers.

  • Demand for electric automobiles is increasing.

RESTRAINTS: 

  • Expensive keyless access system.

  • There is a slowdown in automobile manufacturing and sales that is affecting the market's growth.

OPPORTUNITIES: 

  • Agreements and contracts with automakers for long-term commercial prospects.

  • Market companies can look forward to lucrative growth prospects in emerging economies.

  • Developing nations' automotive manufacturers' implementation of safety and security standards.

CHALLENGES: 

  • Cyberattacks are becoming more dangerous.

  • Expensive repair and maintenance Costs.

IMPACT OF COVID-19:

It is difficult to estimate how COVID-19 will affect the market for keyless entry systems in automobiles, but it is likely to continue being in effect for at least a few more years. Because of the COVID-19 breakout, governments all over the world were compelled to adopt rigorous lockdowns and block the import-export of vital raw material products for the majority of the year 2020 and for a few months in 2021. Because of this, there was an abrupt decrease in the supply of crucial raw materials for keyless entry systems in automobiles.

The COVID-19 pandemic severely disrupted supply chains and production schedules, which in turn had a negative impact on the market for automotive keyless entry systems. As a result, automotive production and sales suffered greatly, which in turn had a negative impact on the market for automotive keyless entry systems. In order to stop the spread of the COVID-19 virus, governments all over the world have imposed stringent lockdowns and made it obligatory for people to avoid social contact. As a preventative step, this led a number of companies to launch telecommuting and work-from-home initiatives. This resulted in an abrupt decrease in the demand for automobiles across the globe.

KEY MARKET PLAYERS:

Robert Bosch GmbH (Germany), Continental Automotive GmbH (Germany), Hyundai Mobis (South Korea), TRW Automotive Holdings Corporation (US), Atmel Corporation (US), Delphi Automotive (Ireland), Denso Corporation (Japan), HELLA KGAA Hueck & Co. (Germany), ARCO Lock & Security ENTERN LLC (US), and Calsonic Kansei Corporation (Japan) are some of the affluent competitors with significant market share in the Automotive Keyless Entry Systems Market.

MARKET ESTIMATION: 

Market, By Product Type:

Based on the product type segment, the global market has been divided into Remote Keyless Entry (RKE) Systems and Passive Keyless Entry (PKE) systems. It is anticipated that the RKE system segment of the automotive keyless entry system market would experience substantial expansion as a result of the widespread use of these systems and due to the simplicity with which one might get them.

Market, By Sales Channel:

The global market has been divided into OEM, and aftermarket based on the sales channel segment. Among the sales channels, the Original Equipment Manufacturer (OEM) segment may enjoy good development potential due to the increasing number of car thefts that have been occurring around the world.

Market, By Vehicle Type:

The global market has been divided into passenger cars, LCV, and HCV based on the vehicle type segment. The introduction of cutting-edge technologies into the market for commercial vehicles may spark exponential expansion in the category of light commercial vehicles.

MARKET SEGMENTATION:

By Product Type:

  • Remote Keyless Entry (RKE) System

  • Passive Keyless Entry (PKE) System

By Sales Channel:

  • OEM

  • Aftermarket

By Vehicle Type:

  • Passenger cars

  • LCV

  • HCV

Automotive Keyless Entry Systems Market Segment Chart

REGIONAL ANALYSIS:

The market for vehicle keyless entry systems has been divided all over the world into four primary regions: North America, Europe, Asia-Pacific, and the Rest of the World. Because of the preference for luxury vehicles and the increasing adoption of vehicle security systems across the region, The North American automobile keyless entry system market accounted for the majority of the global market. This is due to the fact that North America has the most developed automotive industry. An increase in demand for automobile safety systems in countries such as China, India, and Japan is likely to result in Asia-Pacific registering the greatest growth rate over the forecast period.

REGIONAL COVERAGE:

  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Automotive Keyless Entry Systems Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 1.73  Billion
Market Size by 2028 US$ 3.33 Billion
CAGR CAGR of 9.8% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Product Type (Remote Keyless Entry (RKE) System, Passive Keyless Entry (PKE) System)
• by Sales Channel (OEM, Aftermarket)
• by Vehicle Type (Passenger cars, LCV, HCV)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Robert Bosch GmbH (Germany), Continental Automotive GmbH (Germany), Hyundai Mobis (South Korea), TRW Automotive Holdings Corporation (US), Atmel Corporation (US), Delphi Automotive (Ireland), Denso Corporation (Japan), HELLA KGAA Hueck & Co. (Germany), ARCO Lock & Security ENTERN LLC (US), and Calsonic Kansei Corporation (Japan)
Key Drivers •Adoption of smart technology for the safety and convenience of automobiles.

•The market is likely to increase as new products are developed to meet the shifting needs of consumers.
RESTRAINTS •Expensive keyless access system.

•There is a slowdown in automobile manufacturing and sales that is affecting the market's growth.


Frequently Asked Questions (FAQ) :


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of the Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Automotive Keyless Entry Systems Market Segmentation, By Product Type

8.1 Remote Keyless Entry (RKE) System

8.2 Passive Keyless Entry (PKE) System

 

9. Global Automotive Keyless Entry Systems Market Segmentation, By Sales Channel

9.1 OEM

9.2 Aftermarket

 

10. Global Automotive Keyless Entry Systems Market Segmentation, By Vehicle Type

10.1 Passenger cars

10.2 LCV

10.3 HCV

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 the USA

11.2.2  Canada

11.2.3  Mexico

11.3 Europe

11.3.1  Germany

11.3.2  the UK

11.3.3  France

11.3.4  Italy

11.3.5  Spain

11.3.6  The Netherlands

11.3.7  Rest of Europe

11.4 Asia-Pacific

11.4.1  Japan

11.4.2  South Korea

11.4.3  China

11.4.4  India

11.4.5  Australia

11.4.6  Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1  Israel

11.5.2  UAE

11.5.3  South Africa

11.5.4  Rest

11.6 Latin America

11.6.1  Brazil

11.6.2  Argentina

11.6.3  Rest of Latin America

 

12. Company Profiles

12.1 Faurecia,

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Robert Bosch GmbH (Germany)

12.3 Continental Automotive GmbH (Germany)

12.4 Hyundai Mobis (South Korea)

12.5 TRW Automotive Holdings Corporation (US)

12.6 Atmel Corporation (US)

12.7 Delphi Automotive (Ireland)

12.8 Denso Corporation (Japan)

12.9 HELLA KGAA Hueck & Co. (Germany)

12.10 ARCO Lock & Security ENTERN LLC (US)

12.11 Calsonic Kansei Corporation (Japan)

 

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.