Keyless Entry System Market 2022
The global Keyless Entry System Market is expected to witness an exponential simulation in the next 10 years. With mergers, acquisitions moving towards bigger, cross-border deals, the semiconductor vertical would revolve around the impacts that transcend geographical borders. In other words, chip shortage won’t be a concern with deals doing away with region-wise barriers. This would be the picture of semiconductors vertical going forward.
Advances in home automation have revolutionized the overall approach towards physical security. Electronic keyless entry systems such as remote control locks, electric door strikes, and keyless locks enable users to lock and unlock their homes remotely, thereby providing enhanced flexibility and convenience. Technological advancements have broadened the horizon for product development, leading to the introduction of IoT integrated devices such as keyless entry systems. In a new study by Persistence Market Research, the global keyless entry system market is projected to witness a growth rate of 10.2% during the eight year period 2018 to 2026.
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Leading tech giants are working on automating home entry systems through the incorporation of cloud systems and Artificial Intelligence. For instance, Amazon launched Amazon Key in the U.S., which is still in the testing phase. It relies on the Cloud Cam (also a product of Amazon) along with a compatible smart lock. The camera is the center of this entire process and is connected to the Internet through the Wi-Fi of the concerned home. The camera is empowered to communicate with the lock via Zigbee, which facilitates keyless entry for Amazon delivery executives to deliver shipments. Some of the other companies working on innovative home automation systems include ASSA ABLOY AB, Safran Group, Gemalto NV, NEC Corporation, Suprema, Inc., and Aware, Inc. Structured research and development along with product differentiation continues to drive the growth strategies of these companies, given the fact that the scope for innovation in home automation is peaking with every passing day.
Key Players:
The report has profiled some of the Important players prevalent in the global like – ASSA ABLOY AB, Safran Group, Gemalto NV, NEC Corporation, Suprema, Inc., Aware, Inc., Daon, INc., Vivint Smart Home Inc., Anviz Global and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Keyless Entry System.
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Burgeoning Demand from Education and Healthcare Industries to Boost Growth in Revenue
Owing to the enhanced features associated with keyless entry systems, an increasing demand is being witnessed from various industries, especially from the education and healthcare sector. Biometric entry systems enable educational institutions to monitor student entry and manage daily attendance. Keyless entry systems are widely used in hospitals to keep a close tab on the entry of individuals in restricted areas. As the security aspect continues to gain more relevance across diverse industry sectors, the adoption of keyless entry systems is expected to surge in the coming years.
High CAPEX May Inhibit Adoption Rate
One of the chief dynamics that may adversely impact the early adoption of keyless entry systems is the high initial investment required in installing remote accessible entry access systems, NFC/proximity card-enabled access systems, smart card-enabled access systems, and biometric devices. This cost complexity is tipping the scales in favor of traditional door entry systems, thereby hindering the global sales of keyless entry systems.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Keyless Entry System Market Manufacturers
Keyless Entry System Market Distributors/Traders/Wholesalers
Keyless Entry System Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Keyless Entry System Market – Report Highlights
- A detailed overview of parent market of Keyless Entry System market
- Changing Keyless Entry System market dynamics in the industry
- In-depth segmentation of the Keyless Entry System market
- Historical, current, and projected Keyless Entry System market size regarding volume and value
- Recent industry trends and developments in Keyless Entry System market
- Competitive landscape of the Keyless Entry System market
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Keyless Entry System market performance
- Must-have information for Keyless Entry System market players to sustain and enhance their market footprint
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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