Global Passenger Vehicle Remote Keyless Entry System (RKES) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Passenger Vehicle Remote Keyless Entry System (RKES) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The RKE system allows the user to use the transmitter on the key fob to lock the car door or unlock it. The transmitter transmits data to the car and the user presses the button switch on the key fob to trigger the system to work. The technology used by RKE to turn on the brakes of the car also has an anti-theft function.

Market Overview:

The latest research study on the global Passenger Vehicle Remote Keyless Entry System (RKES) market finds that the global Passenger Vehicle Remote Keyless Entry System (RKES) market reached a value of USD 5136.11 million in 2022. It’s expected that the market will achieve USD 3704.44 million by 2028, exhibiting a CAGR of -5.3% during the forecast period.

Substitutes Threat

Due to the continuous development of the automotive industry in recent years. As one of the products, Passenger Vehicle Remote Keyless Entry System (RKES) can be used to replace many products. For example, Passive Entry Passive Start (PEPS) and Passive Key Entry (PKE), it is likely to have lower-priced and better-performing products in the future. There are certain threats in the Passenger Vehicle Remote Keyless Entry System (RKES) market.

Consumer Needs/Customer Preference Change

With the advent of the automobile era, automotive wireless access technology has been more widely used. RKE/PKE technology not only improves the security of theft, but also brings great convenience to people's car use. RKE, Remote Keyless Entry, is the active remote-control car key technology currently used. It consists of a key transmission module and an in-vehicle receiving module. The owner presses the button on the key, and the key end sends a signal. The signal contains the corresponding command information. The antenna receives the electric wave signal, and after the body control module BCM is authenticated, the actuator realizes the opening/closing operation.

Economic/Political Environmental Change

With the continuous development of the economy and the shift in consumer attitudes, people are paying more attention to car safety issues. As the automotive industry continues to expand, the government has introduced a range of policies and market entry barriers for the industry. There are many differences in vehicle safety equipment regulations in different regions. With the development of the market, policy control will be more stringent.

Region Overview:

In global comparison, a significant portion of the revenue was generated in China (28.71% in 2022).

Company Overview:

Continental is one of the major players operating in the Passenger Vehicle Remote Keyless Entry System (RKES) market, holding a share of 16.22% in 2023.

Continental

Continental provides products and services primarily for the automotive industry worldwide. It operates through Chassis&Safety, Powertrain, Interior, Tires, and ContiTech segments.

Alps

Alps Alpine Co., Ltd. manufactures and sells electronic components worldwide. The company offers sensors, switches, encoders, potentiometers, connectors, communication modules, multi control devices, aspherical glass lenses, power inductors, toroidal coils, actuators, reactors, printers, touch input devices, and energy harvesters; mobile media solutions; and logistics services.

Segmentation Overview:

By type, Amplitude-shift Keying segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Aftermarket segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Passenger Vehicle Remote Keyless Entry System (RKES) market covered in Chapter 3:

Omron
Valeo
Denso
Calsonic Kansei
Lear
Alps
Hella
Marquardt GmbH
ZF Friedrichshafen
Hyundai Mobis
Continental

In Chapter 4 and Chapter 14.2, on the basis of types, the Passenger Vehicle Remote Keyless Entry System (RKES) market from 2018 to 2029 is primarily split into:

Frequency-shift Keying
Amplitude-shift Keying

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Passenger Vehicle Remote Keyless Entry System (RKES) market from 2018 to 2029 covers:

OEM
Aftermarket

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)