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Automotive Keyless Entry System Market Trends and Forecast
The future of the global automotive keyless entry system market looks promising with opportunities in the passenger car and commercial vehicle markets. The global automotive keyless entry system market is expected to reach an estimated $5.2 billion by 2030 with a CAGR of 10.2% from 2024 to 2030. The major drivers for this market are surge in the request for advanced technology-enabled automotive locking systems, aimed at enhancing both convenience and security, developing products to meet evolving demand patterns, as well as, increase in the occurrence of vehicle thefts and acts of vandalism.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Automotive Keyless Entry System Market by Segment
The study includes a forecast for the global automotive keyless entry system market by device, product, end use, and region.
Automotive Keyless Entry System Market by Device [Shipment Analysis by Value from 2018 to 2030]:
• Keyfobs
• Phone-as-a-key
• Smart Card
Automotive Keyless Entry System Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Passive Keyless Entry Systems
• Remote Keyless Entry Systems
Automotive Keyless Entry System Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Passenger Cars
• Commercial Vehicles
Automotive Keyless Entry System Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Automotive Keyless Entry System Market Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive keyless entry system market companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive keyless entry system market companies profiled in this report include-
• DENSO
• HELLA
• ZF Friedrichshafen
• Continental
• Mitsubishi Electric
• Valeo
• Microchip Technology
• Robert Bosch
• NXP Semiconductors
Automotive Keyless Entry System Market Market Insights
Lucintel forecasts that remote keyless entry system will remain the larger segment over the forecast period due to enhanced security, superior access management, and heightened convenience, as well as, it is operated through digital keys available on the mobile phones.
North America is expected to witness highest growth over the forecast period due to increasing purchasing power parity of the population, inclination towards high-end vehicles, and increasing uptake of vehicle security systems.
Features of the Global Automotive Keyless Entry System Market
Market Size Estimates: Automotive keyless entry system market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Automotive keyless entry system market by device, product, end use , and region in terms of value ($B).
Regional Analysis: Automotive keyless entry system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different device, product, end use , and regions for the automotive keyless entry system market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive keyless entry system market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the automotive keyless entry system market size?
Answer: The global automotive keyless entry system market is expected to reach an estimated $5.2 billion by 2030.
Q.2 What is the growth forecast for automotive keyless entry system market?
Answer: The global automotive keyless entry system market is expected to grow with a CAGR of 10.2% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the automotive keyless entry system market?
Answer: The major drivers for this market are surge in the request for advanced technology-enabled automotive locking systems, aimed at enhancing both convenience and security, developing products to meet evolving demand patterns, as well as, increase in the occurrence of vehicle thefts and acts of vandalism.
Q4. What are the major segments for automotive keyless entry system market?
Answer: The future of the global automotive keyless entry system market looks promising with opportunities in the passenger car and commercial vehicle markets.
Q5. Who are the key automotive keyless entry system market companies?
Answer: Some of the key automotive keyless entry system market companies are as follows:
• DENSO
• HELLA
• ZF Friedrichshafen
• Continental
• Mitsubishi Electric
• Valeo
• Microchip Technology
• Robert Bosch
• NXP Semiconductors
Q6. Which automotive keyless entry system market segment will be the largest in future?
Answer: Lucintel forecasts that remote keyless entry system will remain the larger segment over the forecast period due to enhanced security, superior access management, and heightened convenience, as well as, it is operated through digital keys available on the mobile phones.
Q7. In automotive keyless entry system market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to increasing purchasing power parity of the population, inclination towards high-end vehicles, and increasing uptake of vehicle security systems.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automotive keyless entry system market by device (keyfobs, phone-as-a-key, and smart card), product (passive keyless entry systems and remote keyless entry systems), end use (passenger cars and commercial vehicles), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Automotive Keyless Entry System Market Market, Automotive Keyless Entry System Market Market Size, Automotive Keyless Entry System Market Market Growth, Automotive Keyless Entry System Market Market Analysis, Automotive Keyless Entry System Market Market Report, Automotive Keyless Entry System Market Market Share, Automotive Keyless Entry System Market Market Trends, Automotive Keyless Entry System Market Market Forecast, Automotive Keyless Entry System Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Automotive Keyless Entry System Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Automotive Keyless Entry System Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Automotive Keyless Entry System Market by Device
3.3.1: Keyfobs
3.3.2: Phone-as-a-key
3.3.3: Smart Card
3.4: Global Automotive Keyless Entry System Market by Product
3.4.1: Passive Keyless Entry Systems
3.4.2: Remote Keyless Entry Systems
3.5: Global Automotive Keyless Entry System Market by End Use
3.5.1: Passenger Cars
3.5.2: Commercial Vehicles
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Automotive Keyless Entry System Market by Region
4.2: North American Automotive Keyless Entry System Market
4.2.1: North American Automotive Keyless Entry System Market by Product: Passive Keyless Entry Systems and Remote Keyless Entry Systems
4.2.2: North American Automotive Keyless Entry System Market by End Use : Passenger Cars and Commercial Vehicles
4.3: European Automotive Keyless Entry System Market
4.3.1: European Automotive Keyless Entry System Market by Product: Passive Keyless Entry Systems and Remote Keyless Entry Systems
4.3.2: European Automotive Keyless Entry System Market by End Use : Passenger Cars and Commercial Vehicles
4.4: APAC Automotive Keyless Entry System Market
4.4.1: APAC Automotive Keyless Entry System Market by Product: Passive Keyless Entry Systems and Remote Keyless Entry Systems
4.4.2: APAC Automotive Keyless Entry System Market by End Use : Passenger Cars and Commercial Vehicle
4.5: ROW Automotive Keyless Entry System Market
4.5.1: ROW Automotive Keyless Entry System Market by Product: Passive Keyless Entry Systems and Remote Keyless Entry Systems
4.5.2: ROW Automotive Keyless Entry System Market by End Use : Passenger Cars and Commercial Vehicles
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Automotive Keyless Entry System Market by Device
6.1.2: Growth Opportunities for the Global Automotive Keyless Entry System Market by Product
6.1.3: Growth Opportunities for the Global Automotive Keyless Entry System Market by End Use
6.1.4: Growth Opportunities for the Global Automotive Keyless Entry System Market by Region
6.2: Emerging Trends in the Global Automotive Keyless Entry System Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Automotive Keyless Entry System Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Automotive Keyless Entry System Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: DENSO
7.2: HELLA
7.3: ZF Friedrichshafen
7.4: Continental
7.5: Mitsubishi Electric
7.6: Valeo
7.7: Microchip Technology
7.8: Robert Bosch
7.9: NXP Semiconductors
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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