Global Automotive Keyless Entry System Market To Be Driven At A CAGR Of 12.6% In The Forecast Period Of 2022-2027 | EMR Inc.

by Anvika aryaJanuary 9, 2023

The new report by Expert Market Research titled, ‘Global Automotive Keyless Entry System Market Size, Report and Forecast 2022-2027’, gives an in-depth analysis of the global automotive keyless entry system market. The detailed report assesses the market based on its segments like product, application, and end market. Specific regional markets are analysed for Asia Pacific, Europe, North America, Middle East and Africa and Latin America.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Table Of Contents

Automotive Keyless Entry System Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast

Get a Free Sample Report with Table of Contents- https://www.expertmarketresearch.com/reports/automotive-keyless-entry-system-market/requestsample

The key highlights of the report include:

Market Overview (2017-2027)

 Historical Market Size (2021): USD 1.5 billion

 Forecast CAGR (2021-2027): 12.60% Forecast Market Size (2027): USD 3.1 billion

Report AttributeDetails
Historical Period2017-2021
Forecast Period2022-2027
Base Year2021
Market Size in 2021USD 1.5 billion
Revenue Forecast in 2027USD 3.1 billion
Growth Rate CAGR12.60%

The growth of the global market for automotive keyless entry systems market is being driven by a rising demand for advanced technological features in luxury and premium vehicles. The rising integration of smart technology in vehicles to cater to increasing demand for convenience and ease of use is expected to propel the growth further.

Additionally, factors such as stringent regulations for vehicle safety and anti-theft features, demand for advanced features, and increasing vehicle production are projected to push the market growth. Integration of smart phone technology and growing demand for connected technologies in automotives is expected to aid the adoption of keyless entry systems.

Automotive Keyless Entry System Industry Definition and Major Segments

Automotive keyless entry systems allow the user to remotely lock, unlock, and start the engine with the use of radio frequency signals (RF Signals). The user of an automobile can lock and unlock the vehicle by sending the selected coded signals from a certain distance.

Read Full Report With Table Of Content- https://www.expertmarketresearch.com/reports/automotive-keyless-entry-system-market

Based on products, the overall market is bifurcated into:

 Passive Keyless Entry Systems (PKES)
 Remote Keyless Entry Systems (RKES)

By application, the market is segmented into:

 Passenger Cars
 Light Commercial Vehicles
 Heavy Commercial Vehicles

On the basis of end market, the market is categorised into:

 Original Equipment Manufacturers (OEMs)

The regional markets for automotive keyless entry system include:

 North America
 Asia Pacific
 Latin America
 Middle East and Africa

Automotive Keyless Entry System Market Trends

Asia Pacific is anticipated to witness a significant growth in the automotive keyless entry system market. This is owing to an increasing demand for automotive safety systems in developing economies such as India and China. The growing demand for vehicles in the region along with increasing penetration of OEMs in the market, are anticipated to bolster the growth over the coming years.

Meanwhile, North America and Europe are projected to hold a significant share in the global market for automotive keyless entry systems. This can be attributed to factors such as the rising demand for high-end luxury vehicles, large expenditure on automobiles, presence of key market players, and increasing technological advancements.

Key Market Players

Some major players in the market:

 DENSO Corporation
 Hella KGaA Hueck and Co.
 Continental AG
 Alps Electric Co
 Jindal Poly Films Limited, Ltd.
 STMicroelectronics International N.V.
 Valeo SE
 Microchip Technology Inc.

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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