APAC to Spearhead Automotive Keyless Entry Systems Market
Market Analysis
The global Automotive
Keyless Entry Systems Market Size is
predicted to develop at 6.8% CAGR between 2019- 2025, states the recent Market
Research Future (MRFR) analysis. An automotive keyless entry system, simply
put, is an electronic lock that offers physical access of cars to a user and
helps the unlocking and locking operation sans the use of conventional
mechanical keys for convenience and high security to the driver.
Various factors are
propelling the global Automotive Keyless Entry Systems Market Size share.
According to the recent MRFR report, such factors include growing demand for
vehicle security and safety features, the launch of advanced electronic vehicle
entry systems, an increase in automotive production, awareness about
sophisticated features, and demand for luxury vehicles. Additional factors
adding market growth include growing adoption of advanced car sensors, integration
of passive safety features such as sensor-guided features, electronic features,
stronger chassis, airbags, and seatbelts, and development in automotive
sensors.
On the contrary, the
volatility of raw material prices of semiconductors as well as other electronic
components and the adverse effects of the COVID-19 outbreak may hamper the
global Automotive Keyless Entry Systems Market
Size growth over the forecast
period.
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Market Segmentation
The MRFR report
highlights an inclusive segmental analysis of the global Automotive Keyless Entry
Systems Market Size based on product type, sales channel, and
vehicle type.
By product type, the
global Automotive Keyless Entry Systems Market
Size is segmented into RKE and
PKE. Of these, the PKE product type segment will lead the market over the
forecast period.
By vehicle type, the Automotive
Keyless Entry Systems Market Size is segmented into heavy commercial vehicle,
light commercial vehicle, and passenger cars. Of these, the passenger cars
vehicle type will dominate the market over the forecast period.
By sales channel, the
global Automotive
Keyless Entry Systems Market Size is segmented into aftermarket and OEM. Of
these, the aftermarket sales channel segment will have a major share in the
market over the forecast period.
Research Analysis
Based on the region, the
keyless entry systems market report covers the growth opportunities and recent
trends across the Asia Pacific (APAC), North America, Europe, & the Rest of
the World (RoW). Of these, the APAC region will spearhead the market over the
forecast period. The region being the largest consumer and manufacturer of new
cars, increase in per capita disposable income, growing awareness about
convenience and vehicle safety, growth in technologically advanced systems,
higher vehicle production, presence of OEMs, and presence of solution and
service providers that develop automotive keyless entry systems based on needs
are adding to the global Automotive Keyless Entry Systems Market Size growth
in the region.
In North America, the Automotive
Keyless Entry Systems Market Size is predicted to have healthy growth over the
forecast period. The need for ease in accessibility & vehicle handling and
burgeoning demand for automotive keyless entry systems is adding to the global Automotive
Keyless Entry Systems Market Size growth in the region.
The Automotive Keyless
Entry Systems Market Size in Europe is predicted to have notable growth
over the forecast period for increasing focus of OEMs on stringent regulations
to improve technology, which needs high investment in the research and
development.
In the RoW, the Automotive
Keyless Entry Systems Market Size is predicted to have sound growth over the
forecast period for an economic recovery that is boosting its sales.
Key Players
Eminent players profiled
in the global Automotive Keyless Entry Systems Market Size report
include Robert Bosch GmbH (Germany), Hyundai Mobis (South Korea), ARCO Lock
& Security ENTERN LLC (US), HELLA KGAA Hueck & Co. (Germany), Denso
Corporation (Japan), Delphi Automotive (Ireland), Continental Automotive GmbH
(Germany), Calsonic Kansei Corporation (Japan), Atmel Corporation (US), and TRW
Automotive Holdings Corporation (US).
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Key Questions
Addressed by the Report
- What was the historic market size?
- Which segmentation (Product/
Capacity) is driving market?
- What will be the growth rate?
- How are the key players in this
market?
- What are the strategies adopted by
key players?
TABLE OF CONTENTS
1 EXECUTIVE
SUMMARY
2 SCOPE OF
THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET
LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN
ANALYSIS
4 MARKET
DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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