Report Scope & Overview:
Automotive Keyless Entry Systems Market Size was valued at USD 1.89 billion in 2022 and is expected to reach USD 4.01 billion by 2030 and grow at a CAGR of 9.8% over the forecast period 2023-2030.
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.
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.
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.
Expensive keyless access system.
There is a slowdown in automobile manufacturing and sales that is affecting the market's growth.
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.
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, 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.
By Product Type:
Remote Keyless Entry (RKE) System
Passive Keyless Entry (PKE) System
By Sales Channel:
By Vehicle Type:
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 1.89 Billion|
|Market Size by 2030||US$ 4.01 Billion|
|CAGR||CAGR of 9.8% From 2023 to 2030|
|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.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
188.8.131.52 United Kingdom
184.108.40.206 South Korea
220.127.116.11 Rest of the World
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
10. Global Automotive Keyless Entry Systems Market Segmentation, By Vehicle Type
10.1 Passenger cars
11. Regional Analysis
11.2 North America
11.2.1 the USA
11.3.2 the UK
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
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
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