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Automotive Keyless Entry Systems Market Report Scope & Overview:

The 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.

Automotive Keyless Entry Systems Market

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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.

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

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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

KEY 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.

Hyundai Mobis (South Korea)-Company Financial Analysis

Automotive Keyless Entry Systems Market Report Scope:
Report Attributes Details
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
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
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

Ans: The Automotive Keyless Entry Systems Market is expected to grow at a CAGR of 9.8%.

Ans: Automotive Keyless Entry Systems  Market size is expected to Reach USD 4.01 billion by 2030.

Ans: Cost constraints present a major Problem, particularly for small businesses and startups seeking to incorporate Automotive Keyless Entry Systems technology into their operations.

Ans: The North America leads the pack in Automotive Keyless Entry Systems use. North America is great powerful industrial and manufacturing base by 32%.

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 Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 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

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

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Secondary Research

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Primary Research

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Data Bank Validation

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