Automotive Keyless Entry System Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Automotive Keyless Entry System Market
The automotive keyless entry system market size was valued at USD 1340.6 million in 2020, and the market is now projected to grow from USD 1369.6 million in 2021 to USD 3061.4 million by 2029, exhibiting a CAGR of 12.2% during the forecast period of 2021-2029.
Pandemic introduced brief lockdowns in diverse locations, affecting industries. Challenges encompass hard work shortages and interrupted supply chain services. This has affected worldwide car producers, mainly those relying on China for synthetic items, additives, or raw substances. The new norm of averting touching surfaces may also impact marketplace increase.
The keyless entry system marketplace is pushed via growing automobile income and safety issues, especially in emerging economies. Advanced programs encompass tailgate establishing, seat settings, tire strain monitoring, vehicle alarms, light control, and multimedia record storage. Stringent automotive protection regulations like Canadian Motor Vehicle Safety Standards, Bharat New Car Assessment Program, and Federal Motor Vehicle Safety Standards are expected to boost the adoption of these systems, fueling market increase at some stage in the forecast period.
The automotive enterprise has skilled a mean increase of over 3% within the beyond 5 years, pushed by means of a growing choice for luxurious and top rate motors because of the combination of superior safety structures. This increase is anticipated to fuel the automotive keyless entry system market growth.
Comprehensive Analysis of Automotive Keyless Entry System Market
The market is divided into passive keyless entry systems (PKES) and remote keyless entry systems (RKES). The RKES segment dominates due to its improved security, better access control, and convenience, being preferred by end-users and used in all types of vehicles, including economic and luxury cars. Remote keyless entry operates through digital keys on mobile phones, allowing users to access the vehicle and start the engine. Passive keyless entry activates and unlocks vehicle doors when a keyholder reaches within the system's operation area. It supports engine start through a push button and is cost-effective compared to PKES. The market is segmented into passenger cars and commercial vehicles, with the passenger cars application segment accounting for the majority and projected to dominate due to growing sales and demand for vehicle security systems.
The Asia Pacific region lead the automotive keyless entry system market share by benefitting a market size of USD 364.0 million in 2020 due to strict protection norms, growing luxurious vehicle penetration, and predominant players like Mitsubishi Electric, Continental AG, Alps Automotive Inc., and Denso Corporation.
Key marketplace players inside the automotive enterprise embody Continental AG, DENSO CORPORATION, and HELLA GmbH and Co. KGaA. These groups are that specialize in new product trends, expansions, acquisitions, and collaborations to strengthen their function. Additionally, they are actively involved in studies and improvement to expand revolutionary merchandise and increase their services. Key organizations in the market encompass ZF Friedrichshafen AG, Continental AG, ALPS ALPINE CO., LTD., Mitsubishi Electric Corporation, Valeo S.A., Microchip, Robert Bosch GmbH, and NXP Semiconductors.
Geotab Inc. Added a keyless entry system in October 2020 for rental companies, automobile-sharing operators, and pool fleets, imparting a contactless, COVID-safe solutions for instant key transfers among users.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2017-2028
Base Year
2020
Forecast Period
2021-2028
Historical Period
2017-2019
Unit
Value (USD Million)
By Product
Passive Keyless Entry Systems
Remote Keyless Entry Systems Fast
By Application
Passenger Cars
Commercial Vehicles
By Geography
North America (By Product, By Application)
- U.S. (By Application)
- Canada (By Application)
- Mexico (By Application)
- U.K. (By Application)
- Germany (By Application)
- Rest of Europe (By Application)
- Japan (By Application)
- China (By Application)
- India (By Application)
- Rest of Asia- Pacific (By Application)
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Porter’s Five Forces Analysis
- 4.2. SWOT Analysis
- 4.3. Technological Developments
- 4.4. Distribution Analysis
- 4.5. Impact of COVID-19
- 5. Global Automotive Keyless Entry System Market Analysis, Insights and Forecast, 2017-2028
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product
- 5.2.1. Passive Keyless Entry Systems (PKES)
- 5.2.2. Remote Keyless Entry Systems (RKES)
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Passenger Cars
- 5.3.2. Commercial Vehicles
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Rest of the World
- 6. North America Automotive Keyless Entry System Market Analysis, Insights and Forecast, 2017-2028
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product
- 6.2.1. Passive Keyless Entry Systems (PKES)
- 6.2.2. Remote Keyless Entry Systems (RKES)
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Passenger Cars
- 6.3.2. Commercial Vehicles
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. United States
- 6.4.1.1. By Application
- 6.4.2. Canada
- 6.4.2.1. By Application
- 6.4.3. Mexico
- 6.4.3.1. By Application
- 7. Europe Automotive Keyless Entry System Market Analysis, Insights and Forecast, 2017-2028
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product
- 7.2.1. Passive Keyless Entry Systems (PKES)
- 7.2.2. Remote Keyless Entry Systems (RKES)
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Passenger Cars
- 7.3.2. Commercial Vehicles
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. United Kingdom
- 7.4.1.1. By Application
- 7.4.2. Germany
- 7.4.2.1. By Application
- 7.4.3. France
- 7.4.3.1. By Application
- 7.4.4. Rest of the Europe
- 7.4.4.1. By Application
- 8. Asia Pacific Automotive Keyless Entry System Market Analysis, Insights and Forecast, 2017-2028
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product
- 8.2.1. Passive Keyless Entry Systems (PKES)
- 8.2.2. Remote Keyless Entry Systems (RKES)
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Passenger Cars
- 8.3.2. Commercial Vehicles
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.1.1. By Application
- 8.4.2. India
- 8.4.2.1. By Application
- 8.4.3. Japan
- 8.4.3.1. By Application
- 8.4.4. Rest of Asia Pacific
- 8.4.4.1. By Application
- 9. Rest of the World Automotive Keyless Entry System Market Analysis, Insights and Forecast, 2017-2028
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product
- 9.2.1. Passive Keyless Entry Systems (PKES)
- 9.2.2. Remote Keyless Entry Systems (RKES)
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Passenger Cars
- 9.3.2. Commercial Vehicles
- 10. Competitive Analysis
- 10.1. Key Industry Developments
- 10.2. Global Market Share Analysis (2020)
- 10.3. Competition Dashboard
- 10.4. Comparative Analysis – Major Players
- 10.5. Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, strategies, financials (based on availability))
- 10.5.1. DENSO CORPORATION (Aichi, Japan)
- 10.5.1.1. Overview,
- 10.5.1.2. Products & services,
- 10.5.1.3. SWOT analysis,
- 10.5.1.4. Recent developments,
- 10.5.1.5. strategies,
- 10.5.1.6. financials (based on availability)
- 10.5.2. HELLA GmbH & Co. KGaA (Lippstadt, Germany)
- 10.5.2.1. Overview,
- 10.5.2.2. Products & services,
- 10.5.2.3. SWOT analysis,
- 10.5.2.4. Recent developments,
- 10.5.2.5. strategies,
- 10.5.2.6. financials (based on availability)
- 10.5.3. ZF Friedrichshafen AG (Friedrichshafen, Germany)
- 10.5.3.1. Overview,
- 10.5.3.2. Products & services,
- 10.5.3.3. SWOT analysis,
- 10.5.3.4. Recent developments,
- 10.5.3.5. strategies,
- 10.5.3.6. financials (based on availability)
- 10.5.4. Continental AG (Hanover, Germany)
- 10.5.4.1. Overview,
- 10.5.4.2. Products & services,
- 10.5.4.3. SWOT analysis,
- 10.5.4.4. Recent developments,
- 10.5.4.5. strategies,
- 10.5.4.6. financials (based on availability)
- 10.5.5. ALPS ALPINE CO., LTD. (Tokyo, Japan)
- 10.5.5.1. Overview,
- 10.5.5.2. Products & services,
- 10.5.5.3. SWOT analysis,
- 10.5.5.4. Recent developments,
- 10.5.5.5. strategies,
- 10.5.5.6. financials (based on availability)
- 10.5.6. Mitsubishi Electric Corporation (Tokyo, Japan)
- 10.5.6.1. Overview,
- 10.5.6.2. Products & services,
- 10.5.6.3. SWOT analysis,
- 10.5.6.4. Recent developments,
- 10.5.6.5. strategies,
- 10.5.6.6. financials (based on availability)
- 10.5.7. Valeo S.A (Paris, France)
- 10.5.7.1. Overview,
- 10.5.7.2. Products & services,
- 10.5.7.3. SWOT analysis,
- 10.5.7.4. Recent developments,
- 10.5.7.5. strategies,
- 10.5.7.6. financials (based on availability)
- 10.5.8. Microchip Technology Inc. (Arizona, USA)
- 10.5.8.1. Overview,
- 10.5.8.2. Products & services,
- 10.5.8.3. SWOT analysis,
- 10.5.8.4. Recent developments,
- 10.5.8.5. strategies,
- 10.5.8.6. financials (based on availability)
- 10.5.9. Robert Bosch GmbH (Gerlingen, Germany)
- 10.5.9.1. Overview,
- 10.5.9.2. Products & services,
- 10.5.9.3. SWOT analysis,
- 10.5.9.4. Recent developments,
- 10.5.9.5. strategies,
- 10.5.9.6. financials (based on availability)
- 10.5.10. NXP Semiconductors (Eindhoven, Netherlands)
- 10.5.10.1. Overview,
- 10.5.10.2. Products & services,
- 10.5.10.3. SWOT analysis,
- 10.5.10.4. Recent developments,
- 10.5.10.5. strategies,
- 10.5.10.6. financials (based on availability)
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