Automotive Keyless Entry System Market By Sales Channel (OEM, Aftermarket), By Vehicle Type (Passenger Cars, LCV, HCV), By Product Type (Remote Keyless Entry System, Passive Keyless Entry System), By Device (Keyfobs, Phone-as-a-key, Smart Card), By Technology (RFID, NFC, UWB, Bluetooth): Global Opportunity Analysis and Industry Forecast, 2023-2032
The automotive keyless entry system is an updated vehicle access control system that locks and unlocks the vehicle using a remote or portable device. By emitting the specified coded signals from a certain distance proximity, the automotive end user may secure and unlock the vehicle. Automotive keyless entry systems operate on pre-defined programming for advanced vehicle security, which is typically designed by the automotive OEM. Automotive keyless entry system demand is directly driven by automotive production and sales activities across the world, since it is one of the important components of modern automobiles for increased safety. Furthermore, in order to meet the changing demands of end customers, automobile OEMs are gravitating toward smart technology in current vehicles.
OEM products account for a larger portion of global automotive security product sales. Because of the automotive industry's rapid growth, industry players have primarily focused on developing OEM products for new vehicles. To meet consumer demand, market participants have concentrated on the introduction of automotive keyless entry systems.
Furthermore, aftermarket automotive keyless entry system products have seen a surge in popularity, owing primarily to the replacement of existing traditional automotive locking systems. Vehicles are increasingly being outfitted with cutting-edge connected technology and services. In general, there is little product differentiation between OEM keyless entry systems used in new vehicles and those used in aftermarket keyless entry system products. As a result, keyless entry systems in aftermarkets can be widely accepted because consumers value the convenience of keys.
The increasing use of keyless vehicle access control systems has led companies such as Continental AG to form alliances and contracts with technology companies. This strategic move is intended to gain a competitive advantage during the forecast period, providing significant opportunities for players in the automotive keyless entry systems aftermarket segment.
Moreover, growing passenger security concerns and the adoption of high-end technology in HCVs are important factors driving the growth of the HCV keyless entry system industry. Automotive keyless entry system manufacturers are strategically active in product introduction and expansion operations for the effective distribution of the HCV keyless entry system incorporated into trucks, catering to changing needs of HCV owners. For instance, in September 2021, BYD unveiled two battery-electric heavy-duty trucks, the Gen3 8TT and 6F vehicles at ACT Expo. These trucks offer keyless entry and push-to-start functions and have up to 185kW CCS1 charging capability.
Asian consumers are progressively adopting connected automotive technologies, motivated by a desire for improved safety, convenience, and other innovative features. Remote and passive keyless entry systems are becoming increasingly popular in nations such as China, Japan, South Korea, and India.
The production activities of vehicles are expected to have a direct influence on the overall demand for keyless entry system technology in vehicles. Moreover, increase in penetration of electric vehicles is expected to support the growth of automotive keyless entry system in the coming years. China and India are expected to witness considerable growth; thereby, The global automotive keyless entry system market is segmented on the basis of sales channel, vehicle type, product type, technology, device type, and region. Depending on sales channel, the market is segregated into OEM and aftermarket. By vehicle type, it is categorized into passenger cars, LCV, and HCV. Depending on product type, it is fragmented into remote keyless entry (RKE) system and passive keyless entry (PKE) system. By technology, the market is divided into NFC, UWB, Bluetooth, and RFID. By Device type, it is divided into Keyfobs, Phone-as-key, and smart card. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players profiled in the automotive keyless entry system market report include Alps Alpine Co., Ltd., Continental AG, Denso Corporation, HELLA GmbH & Co. KGaA., Microchip Technology Inc., Mitsubishi Electric Corporation, NXP Semiconductors, Robert Bosch GmbH, Kiekert AG, Valeo S.A., Marquardt Management SE, and Tokai Rika.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the automotive keyless entry system market analysis from 2022 to 2032 to identify the prevailing automotive keyless entry system market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the automotive keyless entry system market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global automotive keyless entry system market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy TechnologyRFID
NFC
UWB
Bluetooth
By Vehicle TypePassenger Cars
LCV
HCV
By DeviceKeyfobs
Phone-as-a-key
Smart Card
By Sales ChannelOEM
Aftermarket
By Product TypeRemote Keyless Entry System
Passive Keyless Entry System
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Marquardt Management SE
NXP Semiconductors
Robert Bosch GmbH
ALPS ALPINE CO., LTD.
Denso Corporation
Tokai Rika Co., Ltd.
HELLA GMBH AND CO. KGAA
Valeo SA
Continental AG
Microchip Technology Inc.
Kiekert AG
Mitsubishi Electric Corporation
Please Note: It will take 7-10 business days to complete the report upon order confirmation.