Global Automotive Keyless Entry System Market Size By Vehicle Type(passenger cars, light commercial vehicles), By Sales Channel(OEM and Aftermarket), By Geographic Scope And Forecast

Automotive Keyless Entry System Market Size And Forecast

Automotive Keyless Entry System Market size was valued at USD 1.97 Billion in 2022 and is projected to reach USD 4.07 Billion by 2030, growing at a CAGR of 9.50% from 2023 to 2030.

The adoption of vehicle security systems in rising markets like China and India as well as developed nations like the United States and Western Europe will increase demand for these systems in the market. The Global Automotive Keyless Entry System Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Automotive Keyless Entry System Market Definition

So, those fancy keyless entry systems in cars? They use radio signals – the same kind that lets you start and stop the engine – to lock, unlock, and even start the car from a distance. Pretty cool, huh? This tech is becoming really important for safety, especially with self-driving cars coming. Basically, you've got two main typesPassive Keyless Entry (PKE) and Remote Keyless Entry (RKE). PKE is what you see in newer cars where you can just walk up and start your car without even taking your keys out of your pocket. It works on everything from passenger cars to LCVs and HCVs. You can get it either from the original manufacturer (OEM) or have it added later. Passive keyless entry (PKE) lets you unlock your car without a key – the car senses your key fob nearby. It uses a signal, either from a transmitter in your pocket or through radio frequency identification (RFID), which uses electromagnetic fields to identify the key. Remote Keyless Entry (RKE) is the kind where you push a button on a fob to lock or unlock. An RKE system has two partsa transmitter (the fob on your keys) and a receiver in the car. Push the button, the transmitter sends a signal, and the car unlocks. Simple as that!

Global Automotive Keyless Entry System Market Overview

Original Equipment Manufacturers (OEMs) are increasingly adopting these systems in their vehicles. The greater security that keyless entry systems provide is the first advantage for OEMs. Additionally, they can benefit from the additional comfort and convenience that these technologies offer to both drivers and passengers. Furthermore, OEMs can set their goods apart from those of their rivals by integrating keyless entry technologies into their automobiles. As a result, their sales and market share increased. In general, OEMs are likely to use more vehicle keyless entry systems in the years to come.

In the medium term, suppliers are anticipated to release improved and integrated electronic systems, resulting in a positive outlook for the market, due to the rising demand for connected cars and the integration of smartphones. Increased sales of premium cars and regulatory measures focusing on vehicle safety are also anticipated to support market expansion.

Additionally, it is anticipated that the adoption of vehicle security systems in rising markets like China and India as well as developed nations like the United States and Western Europe will increase demand for these systems in the market. In the international vehicle market, the use of telematics, keyless entry systems, digital clusters, and high-end entertainment systems is gaining tremendous popularity.

Imagine effortlessly locking and unlocking your car. That's the beauty of passive keyless entry! Now, you can just keep your key fob in your pocket and bam, your doors lock or unlock like magic. This is a game-changer for those times when you need to get to your car ASAP, like during an emergency or when you're caught in some nasty weather. You'll find this cool tech in vehicles from top brands like Audi, Acura, BMW, KIA, Mercedes-Benz, and Volvo. Plus, it's not just about convenience; the immobilizer feature makes your car more secure, preventing anyone from hot-wiring it. These improvements are really helping the global market grow!

Global Automotive Keyless Entry System MarketSegmentation Analysis

The Global Automotive Keyless Entry System Market is segmented based on Vehicle Type, Sales Channel, and Geography.

Automotive Keyless Entry System Market, By Vehicle Type

• Passenger Cars• Light Commercial Vehicle• Commercial Vehicle

Based on vehicle type, the market is bifurcated into passenger cars, light commercial vehicles, and commercial vehicles. The market for passenger automobiles is anticipated to have the highest CAGR, at 13%, between 2022 and 2031. Due to the increasing acceptance of smart technology in passenger cars by automotive OEMs as well as the current passenger car fleet around the world, the category also held the highest share in 2022, accounting for more than half of the worldwide automotive keyless entry system market.

Automotive Keyless Entry System Market by Sales Channel

• OEM• Aftermarket

Based on Sales Channel, the market is bifurcated into OEM and Aftermarket. As OEMs implement keyless entry as a standard feature in their vehicles, the OEM segment held the biggest share in 2022, accounting for more than half of the global automotive keyless entry system market. But due to the growing acceptance of the keyless entry system among car owners and the rising desire for more convenience, the aftermarket sector is anticipated to develop at the highest CAGR of 12% throughout the projection period.

Automotive Keyless Entry System Market by Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of a Geographical Analysis, the Global Automotive Keyless Entry System Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia-Pacific dominated in 2022, accounting for more than one-third of the market. In addition, the region is expected to register the highest CAGR of 14.2% during the forecast period, due to the presence of automotive OEMs as well as changing automotive production outlook.

Key Players

The “Automotive Keyless Entry System Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Alps Electric, Atmel, Calsonic Kansei, Continental Automotive, Delphi, Denso, EyeLock, HELLA, HYUNDAI MOBIS, Marquardt, Mitsubishi Electric, and others are prominent hydro turbine manufacturers operating the market.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Automotive Keyless Entry System Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Automotive Keyless Entry System Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

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Reasons to Purchase this Report

We dig deep, using both numbers and real-world stuff to understand the market by breaking it down into different groups. You'll get the market value (in USD Billion!) for each of those groups. We'll also tell you which region and group we think will grow the fastest and be the biggest. Expect a geographic breakdown, showing where the product/service is used the most and what's impacting the market in each area. We'll map out the competitive landscape, ranking the big players and noting any new stuff they've launched, partnerships they've made, or expansions and acquisitions they've done in the last 5 years. Plus, we've got detailed company profiles – think company overview, insights, how their products stack up, and a SWOT analysis for the major players. We'll give you our take on where the market is now and where it's headed, covering recent happenings, growth opportunities, and the challenges ahead for both up-and-coming and established regions. We also include an in-depth look at the market using Porter's five forces analysis and give you a Value Chain perspective. Finally, we'll explore the market's ups and downs, highlighting potential growth areas in the future and we will provide a 6-month post-sales analyst support.

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