Automotive Keyless Entry System Market is driven by increasing demand for passenger cars and the need for enhanced security features in the vehicles | NXP Semiconductors, Robert Bosch GmbH, Tokai Rika and Valeo

Global Automotive Keyless Entry System Market report from Global Insight Services is the single authoritative source of intelligence on Automotive Keyless Entry System Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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A keyless entry system is an electronic lock that controls access to a vehicle without the use of a traditional key. The system typically uses a key fob, which is a small remote control that is carried by the user, to unlock the doors. Some keyless entry systems also allow the engine to be started without the use of a key.

Keyless entry systems were first introduced on high-end luxury vehicles, but they have since become increasingly common on mid-range and even some entry-level models. Keyless entry systems offer a number of advantages over traditional keyed locks. They are more convenient to use, since the user does not have to fumble with a key in order to unlock the door. They are also more secure, since the key fob can be kept on the user’s person at all times, making it much more difficult for a thief to gain access to the vehicle.

Keyless entry systems typically use rolling codes, which are codes that change periodically. This makes it much more difficult for a thief to guess the code and gain access to the vehicle. Keyless entry systems can also be programmed to allow access to multiple users, which is convenient for families or businesses with multiple vehicles.

Key Drivers

The automotive keyless entry system market is expected to be driven by the increasing demand for luxury and premium cars. The system provides greater convenience and safety to the users and is therefore preferred over the traditional key systems. The other drivers of this market include the increasing demand for passenger cars and the need for enhanced security features in the vehicles. The keyless entry system market is expected to be restrained by the high cost of the system and the lack of awareness about the benefits of the system.

Key Trends

There are several key trends in automotive keyless entry system technology. One is the trend toward using smartphones as a key. This is being driven by the increasing use of smartphones in general and the desire of consumers for more convenient access to their vehicles. Another trend is the use of biometrics such as fingerprint recognition for added security. This is in response to the increasing number of vehicle thefts that are being carried out using traditional keyed entry methods. Finally, there is a trend toward integrating keyless entry systems with other vehicle systems such as navigation and infotainment. This is being driven by the desire to provide a more seamless and integrated experience for the user.

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Restraints & Challenges

The major restraints for automotive keyless entry system market are less awareness about the product and its features and high cost of the product. The challenges for automotive keyless entry system market are to develop the product according to the customer’s needs and to reduce the cost of the product.

Market Segments

The Automotive Keyless Entry System Market is segmented on the basis of sales channel, vehicle type, product 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. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.

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Key Players

The Automotive Keyless Entry System Market report includes players such as Alps Electric Co., Continental AG, DENSO Corporation, Hella KGaA Hueck & Co., Microchip Technology Inc., Mitsubishi Electric Corporation, NXP Semiconductors, Robert Bosch GmbH, Tokai Rika and Valeo.

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