Automotive Keyless Entry Systems Market 2017 – 2024: Global Market Insights

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Automotive Keyless Entry Systems Market Global
Industry Analysis Report, Share, Growth, Price
Trends and Forecast, 2024 Global Market Insights
Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Automotive Keyless Entry
Systems Market

• Sales increase of global car sales industry has
  triggered automotive keyless entry systems
  market. It is an essential component of the
  vehicle which provides security and accessibility
  to the car without physical contact.
• Growth in the automobile industry is accelerating
  automotive keyless entry systems market. Luxury
  car sector is anticipating high growth in
  forecast time, due to rise in disposable income,
  growing population are major factors boosting
  growth.
• Increasing threat associated with steeling of
  vehicle and high cost of this additional feature
  is hindering growth of the product.

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Continued...

• Automotive keyless entry systems market is
  segmented by its product type into alarm,
  immobilizer, remote entry, passive entry and
  central locking.
• It is further divided based on technology such as
  global positioning system, global mobile
  communication, face detection, and real-time
  location. Its areas of application include
  automobiles specifically cars.
• Europe automotive keyless entry systems market
  will witness robust growth owing to rising cases
  of car theft in the region. Switzerland accounts
  for highest cases of car theft in the world.
• North America automotive keyless entry systems
  market dominated by the U.S. is the largest
  manufacturer of luxury cars. The product is
  optional in the low budget cars but is mandatory
  in all the luxury cars.

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360 Analysis

• Product Analysis
• The product is an electric lock that controls
  access to vehicle without using traditional
  mechanical keys. It performs function of a
  standard car key without physical contact, within
  the diameter of few miles.
• Regional Analysis
• Asia Pacific led by India and China are major
  contributors in automotive keyless entry systems
  market. These regions are largest producers of
  automobiles, rising disposable income, increasing
  population are the major factors boosting product
  demand.

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