Global Automotive Keyless Entry Systems Market

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Automotive Keyless Entry Systems Market to Thrive
in North America
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Market Highlights recently published an
exhaustive study on the global automotive keyless
entry systems market. After a thorough analysis
of the key trends and patterns affecting the
market growth, MRFR has indicated a CAGR of 6.8
over the forecast period of 2019-2025. Remote
keyless entry (RKE) and passive keyless entry
(PKE) system have become quite a rage in
automobiles, especially in luxury cars. They
facilitate access to a vehicle within a certain
range without a key. Their functioning is based
on the transfer of radio frequency signal
exchange which provides advanced safety features.
Vehicle theft activities have been a
long-standing problem and have reached an almost
epidemic stage. Car theft is followed by huge
economic loss, insurance, and deductibles, and
potential waiting periods for insurance
settlements. Thus, there has been an increased
affinity and consumer acceptance towards
automotive advanced safety systems such as
automotive keyless entry systems. Report
Sample https//www.marketresearchfuture.com/sampl
e_request/7756
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Segmentation The global automotive keyless entry
systems market has been segmented based on
vehicle type, sales channel, product type. By
vehicle type, the global automotive keyless entry
systems market has been segmented into passenger
cars, light commercial vehicle (LCV), and heavy
commercial vehicle (HCV). By sales channel, the
automotive keyless entry systems market has been
segmented into OEM and aftermarket. By product
type, the automotive keyless entry systems market
has been segmented into PKE and RKE. Browse
Complete Report Details https//www.marketresearc
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ms-market-7756
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Regional Analysis By region, the automotive
keyless entry systems market has been segmented
into North America, Rest-of-the-World (RoW), Asia
Pacific (APAC), and Europe. North America is
accountable for the maximum share of the global
market. High sales of luxury cars and increased
adoption rate of vehicle security system across
the region is favoring the growth of the market.
The APAC automotive keyless entry systems market
is anticipated to register the highest CAGR over
the forecast period. The region is a major
producer as well as co0nsumer of new vehicles.
The presence of various automotive OEMs who are
increasingly incorporating keyless entry systems
in vehicles have generated high demand within the
market. The region is marked with the presence of
automotive service and solution providers such as
Denso Corporation, Calsonic Kansei Corporation,
and Hyundai Mobis who contribute to the market
growth significantly. Moreover, heightened demand
for automotive safety systems in fast-developing
countries such as China, Japan, and India are
supporting market growth. In Europe, the
concentration of various automotive OEMs in the
region along with large scale automotive
manufacturing generates demand within the
automotive keyless entry systems market.
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Industry Updates May 2019 - Lincoln, Ford's
luxury car division, is set to launch its midsize
2020 Aviator and compact 2020 Corsair variants in
2019 which come with a unique feature. The
variants would be launched with a standard fob,
however, customers can choose to use its
app-based 'Phone as a Key' feature by paying
extra. It is powered by Bluetooth Low Energy
(BLE) connection.  
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Competitive Landscape Denso Corporation (Japan),
Continental Automotive GmbH (Germany), Hyundai
Mobis (South Korea), Atmel Corporation (US),
HELLA KGAA Hueck Co. (Germany), Robert Bosch
GmbH (Germany), ARCO Lock Security ENTERN LLC
(US), Delphi Automotive (Ireland), Calsonic
Kansei Corporation (Japan), and TRW Automotive
Holdings Corporation (US) are the notable players
in the automotive keyless entry systems market.
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