#Keyless Car Access Control System Market growth
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Car Security Market Growth Driven by Biometric Innovations
Surging vehicle theft incidents, stringent safety regulations, and consumer demand for seamless access are key market drivers fueling innovation in car security solutions. Core market segments include Product Type (Access Control: sub-segments – keyless entry, smart keys; Alarm Systems: intrusion detection, motion sensors; Immobilizers: RFID, biometric authentication), Application (Passenger Vehicles, Commercial Vehicles), and Distribution Channel (OEM, Aftermarket). Access Control dominated product revenue in 2024, while biometric immobilizers registered the fastest growth at 14% in 2025.
Get More Insights on Car Security Market https://www.patreon.com/posts/car-security-by-131587859
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Automotive Digital Key Market Size, Analyzing Trends and Projected Outlook for 2025-2032
Fortune Business Insights released the Global Automotive Digital Key Market Trends Study, a comprehensive analysis of the market that spans more than 150+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.
The Automotive Digital Key Market is experiencing robust growth driven by the expanding globally. The Automotive Digital Key Market is poised for substantial growth as manufacturers across various industries embrace automation to enhance productivity, quality, and agility in their production processes. Automotive Digital Key Market leverage robotics, machine vision, and advanced control technologies to streamline assembly tasks, reduce labor costs, and minimize errors. With increasing demand for customized products, shorter product lifecycles, and labor shortages, there is a growing need for flexible and scalable automation solutions. As technology advances and automation becomes more accessible, the adoption of automated assembly systems is expected to accelerate, driving market growth and innovation in manufacturing. Automotive Digital Key Market Size, Share & Industry Analysis, By Type (Near Field Communication (NFC), Bluetooth, Others), By Vehicle Type (Passenger Cars, Commercial Vehicles) And Regional Forecast 2021-2028
Get Sample PDF Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/105490
Dominating Region:
North America
Fastest-Growing Region:
Asia-Pacific
Major Automotive Digital Key Market Manufacturers covered in the market report include:
Major players operating in the global automotive digital key market include Hyundai Mobis, Volkswagen AG, Denso Corporation, Samsung Electronics Co. Ltd., HELLA, Robert Bosch GmbH, Tesla Inc., Infineon Technologies, BMW AG, STMicroelectronics, Continental AG, Daimler AG, Ericsson, and Valeo SA among others.
Manufacturers are developing car digital keys, which offer more advanced functions than traditional keys, such as keyless entry functions, connected cars, enhanced driver safety functions, etc. Moreover, the leading players in the automotive digital key market have been working on developing smart key fobs, key cards, and wearable smart keys with RFID technology. Several original equipment manufacturers (OEMs) are committed to increase the production of vehicles with this advanced feature in response to increase the customer demand.
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
North America (United States, Mexico & Canada)
South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Automotive Digital Key Market Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.
Frequently Asked Questions (FAQs):
► What is the current market scenario?
► What was the historical demand scenario, and forecast outlook from 2025 to 2032?
► What are the key market dynamics influencing growth in the Global Automotive Digital Key Market?
► Who are the prominent players in the Global Automotive Digital Key Market?
► What is the consumer perspective in the Global Automotive Digital Key Market?
► What are the key demand-side and supply-side trends in the Global Automotive Digital Key Market?
► What are the largest and the fastest-growing geographies?
► Which segment dominated and which segment is expected to grow fastest?
► What was the COVID-19 impact on the Global Automotive Digital Key Market?
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
Political (Political policy and stability as well as trade, fiscal, and taxation policies)
Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
Technological (Changes in digital or mobile technology, automation, research, and development)
Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
Points Covered in Table of Content of Global Automotive Digital Key Market:
Chapter 01 - Automotive Digital Key Market for Automotive Executive Summary
Chapter 02 - Market Overview
Chapter 03 - Key Success Factors
Chapter 04 - Global Automotive Digital Key Market - Pricing Analysis
Chapter 05 - Global Automotive Digital Key Market Background or History
Chapter 06 - Global Automotive Digital Key Market Segmentation (e.g. Type, Application)
Chapter 07 - Key and Emerging Countries Analysis Worldwide Automotive Digital Key Market.
Chapter 08 - Global Automotive Digital Key Market Structure & worth Analysis
Chapter 09 - Global Automotive Digital Key Market Competitive Analysis & Challenges
Chapter 10 - Assumptions and Acronyms
Chapter 11 - Automotive Digital Key Market Research Methodology
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Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
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The Impact of Technological Advancements on the Automotive Digital Key Market
The automotive industry is undergoing a significant transformation with the advent of digital key technology. The global automotive digital key market, valued at US$ 2.1 billion in 2022, is projected to grow at a remarkable CAGR of 21.0%, reaching an estimated US$ 11.6 billion by 2031. This growth is fueled by the rising demand for advanced vehicle security and rapid technological advancements in the automotive sector.
Analyst Viewpoint: Driving Forces Behind Market Growth
The increasing preference for secure and smart vehicle access solutions is a key driver of market expansion. Electronic car keys allow users to lock/unlock their vehicles and start the engine using smartphones and other mobile devices. Leading industry players are integrating smartphone-based remote car operation platforms, enhancing security, convenience, and connectivity for customers. Advanced functionalities such as predictive maintenance alerts, geofencing, and vehicle customization are also being incorporated into digital keys, further driving market demand.
Market Introduction: How Digital Keys are Reshaping Vehicle Access
Automotive digital keys provide seamless vehicle access through smartphones, smartwatches, and other digital devices. These keys utilize Bluetooth, Near-Field Communication (NFC), and Ultra-Wideband (UWB) technologies, offering enhanced security, ease of use, and flexibility. The ability to update or revoke digital keys remotely reduces the risk of unauthorized vehicle access, making them a preferred choice for modern car owners.
Key Market Drivers
1. Rise in Preference for Advanced Vehicle Security
Digital key technology enhances vehicle security through features such as remote key authorization, keyless entry and start, and personalized vehicle settings. These smart keys leverage cutting-edge communication technologies, including NFC, Bluetooth, and UWB, transforming smart devices into secure vehicle keys. The increasing adoption of digital keys in passenger vehicles highlights the growing demand for enhanced security solutions.
A recent report on China’s automotive digital key market revealed a staggering 243% increase in digital key installations in passenger cars from the previous year. In 2021, more than 2 million vehicles in China were equipped with digital keys, with an assembly rate of 10.9%, marking a significant leap in adoption.
2. Technological Advancements in the Automotive Sector
Automobile manufacturers are embedding modern devices with smart technologies to offer features such as speed control, fuel tracking, Advanced Driver Assistance Systems (ADAS), and in-car infotainment. The integration of the Internet of Things (IoT) into vehicle systems is enhancing security and convenience for users.
A notable example is BMW’s 2020 introduction of the Digital Key for iPhone, allowing users to unlock, lock, drive, and share access to their vehicles securely. The expansion of shared mobility services, such as ride-sharing and car-sharing, is also contributing to the market’s growth. Digital keys offer a practical solution for shared mobility providers, ensuring seamless vehicle access without requiring physical keys.
Regional Insights: Asia Pacific Leads the Market
Dominance of Asia Pacific in the Market
Asia Pacific accounted for the largest share of the automotive digital key market in 2022, driven by the robust automobile production hubs in China, Japan, and South Korea. China continues to lead the global automobile sector, with over 278 million privately-owned vehicles in 2022.
The increasing demand for high-tech vehicle features and rising vehicle thefts are key factors propelling the market forward in China. Automakers are incorporating premium security features into affordable car models to cater to the growing demand and boost sales.
Key Players and Market Strategies
Prominent companies in the automotive digital key market are focused on product innovation and strategic partnerships to expand their market presence. In January 2021, BMW launched the Digital Key Plus, a smartphone-based remote car operation platform utilizing Apple’s UWB technology for hands-free vehicle access.
Leading Companies in the Market:
Alpha Corporation, Continental AG, Denso Corporation, Heights Security, Inc., HELLA GmbH & Co. KGaA, Hyundai Mobis, Mitsubishi Electric Corporation, NXP Semiconductors, Robert Bosch GmbH, Samsung, Spark Minda, Silca, STMicroelectronics, Telefonaktiebolaget LM Ericsson, Valeo SA
These companies are continuously innovating to enhance their digital key offerings and strengthen their market position through mergers, acquisitions, and technological advancements.
Conclusion: The Future of Automotive Digital Keys
As digital key technology gains widespread adoption, the future of automotive security looks promising. The integration of advanced technologies, increasing consumer demand for smart vehicle access, and the expansion of shared mobility services will continue to drive the automotive digital key market. With leading automotive manufacturers investing heavily in research and development, the industry is set to witness rapid advancements and significant market expansion in the coming years.
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How does the access control market impact the security industry?
The way we work and do business has changed a lot lately. Success now depends a lot on how well a company uses technology and adapts to new ways of working. In the security industry, this is especially true. The rapid uptake of cloud technology, the increase in remote and hybrid work, and the need for systems that work well together have all influenced the latest trends in access control technology. Companies need these advanced systems to stay competitive and secure.
Access control has seen major changes, with more advanced technology emerging from a growing number of innovative companies. The use of smartphone apps and sensor technology has improved touchless access systems, transforming them from a luxury to a necessity in recent years.
The access control market is a significant component of the broader security industry, influencing various sectors through its technological advancements and evolving application methods. As businesses and organizations increasingly focus on security, the adoption of access control systems has become pivotal in shaping security strategies and operations.
Market Growth and Influence
The market is projected to expand considerably in the coming years due to the increasing adoption of sophisticated technologies such as biometrics, cloud-based systems, and multi-factor authentication. This growth is particularly prominent in sectors that require high security, like government facilities, healthcare, and commercial entities.
It has significantly evolved to encompass a broader range of services beyond traditional security measures. This expansion includes innovative applications such as video analytics used in smart buildings to monitor occupancy levels and manage energy consumption effectively. Additionally, it encompasses heat mapping and retail-centric solutions that leverage data from security camera sensors to enhance customer experience and operational efficiency. These technologies are increasingly integrated with other property technologies and staff management systems, broadening the scope and functionality of access control systems.
Technological Advancements
As technology and the IoT become increasingly integrated into our everyday items like smart home appliances and keyless cars, they are also becoming essential in securing workplace environments. This widespread use of technology has quickly accustomed people to adopting new methods for managing access and enhancing security.
Technological innovation is at the heart of the access control market's impact on the security industry. Modern access control systems offer unmatched interoperability and integration capabilities, allowing for seamless communication between various security platforms. This integration enhances overall security infrastructure, making systems more intelligent and responsive. For example, cloud-based access control solutions facilitate remote management and real-time data analysis, improving organizational security dynamically.
In 2023, a major healthcare provider in the U.S. transitioned to a cloud-based access control system, which allowed them to centrally manage access permissions for hundreds of staff and patients across several facilities, significantly improving their operational efficiency and security protocols.
Zero-Trust Security Model
The zero-trust security model, which is becoming integral to modern access control systems, exemplifies the shift towards continuous validation and sophisticated access management. This model ensures that access permissions are strictly regulated and continuously verified, significantly reducing potential breach points and enhancing security across organizations
Regional Trends
Regionally, North America dominates the global access control market due to its advanced security infrastructure and stringent regulatory standards. However, Asia Pacific is expected to witness the fastest growth, spurred by rapid urbanization, development of smart cities, and heightened security demands in both public and private sectors
Future Outlook
Looking ahead, the access control market is poised to remain a key driver of innovation in the security industry. The ongoing development of more integrated, user-friendly, and secure access control solutions is expected to keep pushing the boundaries of what these systems can achieve, particularly in terms of automation, user experience, and comprehensive security management
The continuous evolution of the access control market underscores its critical role in the overall landscape of the security industry, promising more advanced and reliable security solutions in the foreseeable future.
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Vehicle Access Control Market Size, 2020 Industry Share and Global Demand | 2026 Forecast by Fortune Business Insights™
Vehicle Access Control Market Size, Share & COVID-19 Impact Analysis, By Type (Biometric System, Non-Biometric System), By Technology (RFID, NFC, Bluetooth, Others), By Vehicle Type (Passenger Car, Commercial Vehicle) and Regional Forecast, 2020-2027 is set to gain momentum from the increasing adoption of standardized interface technologies by reputed manufacturers, such as Hyundai, BMW, and Honda. These technologies surge the commercial viability of passive vehicle access control systems, as well as enable greater convenience for consumers.
Fortune Business Insights™ in a new study, titled, “Vehicle Access Control Market Size, Share & COVID-19 Impact Analysis, By Type (Biometric System, Non-Biometric System), By Technology (RFID, NFC, Bluetooth, Others), By Vehicle Type (Passenger Car, Commercial Vehicle) and Regional Forecast, 2020-2027.” The study further mentions that the market size was USD 9.61 billion in 2019 and is projected to reach USD 12.45 billion by 2027, exhibiting a CAGR of 6.6% during the forecast period.
COVID-19 Pandemic: Rising Focus on Reducing Innovation Funding May Hamper Demand
The emergence of the COVID-19 pandemic has taken a toll on the automotive industry by declining global demand, disrupting supply chains, and closing of assembly plants. The elimination of various passenger cars and commercial vehicles is set to affect the ability of carmakers to invest in research and development activities. Besides, the pandemic has compelled manufacturers to focus on reducing innovation funding and managing day-to-day cash flow. Our detailed research report will help you take the right decision by gaining more insights into the current scenario of the vehicle access control industry.
Drivers & Restraints
Increasing Need to Reduce Vehicle Thefts will Favor Growth
Vehicle theft is a serious problem to tackle with nowadays. The National Insurance Crime Bureau (NICB) published an in-depth report in March 2019 that showcases a 56 percent rise in vehicle thefts over the 147,434 vehicles stolen between the period of January 2013 and December 2015. Besides, in the U.S., the number of vehicle thefts by using fobs or keys increased to 229,339 between January 2016 and December 2018. Novel techniques, such as fingerprint authorization and facial recognition, as well as keyless car entries would be able to boost vehicle security. This, in turn, can lessen the number of vehicle thefts. These factors are set to propel the vehicle access control market growth in the coming years.
However, perfectly keyless systems and biometric access would surge design complexities and component requirements. Hence, it would require high manufacturing and installation cost, which, in turn, is likely to obstruct the demand for vehicle access control systems.
Segment
NFC Segment to Grow Significantly Backed by its Ability to Prevent Relay Attacks
Based on technology, the NFC segment generated 3.97% in terms of the vehicle access control market share in 2019 and is expected to grow significantly throughout the forthcoming years. This growth is attributable to its cost-effectiveness that enables manufacturers to develop card-based vehicle access control or NFC-based smartphones for mainstream vehicles. This technology can also prevent relay attacks.
This Report Answers the Following Questions:
What are the key strategies adopted by prominent firms to surge revenue?
Which are the upcoming trends in vehicle access control technology?
How will facial recognition technology cope up with the challenge of high cost?
Which segment and region are set to dominate the market in terms of share?
Regional Analysis
High Demand for Electronic Immobilizers & Keyless Entry to Spur Growth in North America
Geographically, in 2019, North America procured USD 3.47 billion in terms of revenue. The region is characterized by the rising popularity of unique solutions, such as remote ignition disablers and stolen vehicle assist. Also, the increasing cases of vehicle thefts is surging the demand for keyless entry and electronic immobilizers in this region.
Asia Pacific, on the other hand, is anticipated to exhibit a higher CAGR in the near future stoked by the increasing awareness programs regarding the beneficial properties of vehicle access control solutions. In addition to that, the rising demand for high-end automobiles and the increasing production of vehicles would enhance growth in this region.
Competitive Landscape
Key Players Focus on R&D Activities to Develop Secure Vehicle Access Control Solutions
The market for vehicle access control is fragmented. Most of the companies are aiming to increase their research and development initiatives for creating novel and highly secure solutions. Apart from that, some of the others are focusing on strategic partnerships to gain a competitive edge in the market.
A list of all the renowned vehicle access control operating in the global market:
Continental AG (Hanover, Germany)
Robert Bosch GmbH (Gerlingen, Germany)
Denso Corporation (Aichi, Japan)
Valeo (Paris, France)
Nuance Communications, Inc. (Massachusetts, US)
Lear Corporation (Michigan, US)
Mitsubishi Electric Corporation (Tokyo, Japan)
NXP Semiconductors (Eindhoven, Netherlands)
��Below are the two latest industry developments:
June 2020: Continental bagged new orders from three vehicle manufacturers based in Asia & Europe for CoSmA, its smartphone-based vehicle access system. This system will be blended into the architecture of their upcoming vehicles. The production is expected to begin in 2021.
January 2019: Bosch introduced its Perfectly Keyless digital access service that can easily recognize the owner’s smartphone just like a digital fingerprint. Only then it can open the vehicle.
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/vehicle-access-control-market-103664
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Keyless Car Access Control System Market Size & Key Trends in Terms of Volume & Value 2022
Report Overview:
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Keyless Car Access Control System in these regions, from 2012 to 2022 (forecast), covering
North America
Europe
China
Japan
Southeast Asia
India
Global Keyless Car Access Control System market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
Continental
Denso
Hella
Lear
Valeo
Calsonic Kansei
ZF
Alps
Omron
Mitsubishi Electric
Panasonic
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On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
Passive Keyless Entry Systems (PKES)
Remote Keyless Entry System (RKES)
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On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
Passenger Vehicle
Commercial Vehicle
Table of Contents:
1 Keyless Car Access Control System Market Overview
1.1 Product Overview and Scope of Keyless Car Access Control System
1.2 Keyless Car Access Control System Segment by Type (Product Category)
1.2.1 Global Keyless Car Access Control System Production and CAGR (%) Comparison by Type (Product Category)(2012-2022)
1.2.2 Global Keyless Car Access Control System Production Market Share by Type (Product Category) in 2016
1.2.3 Passive Keyless Entry Systems (PKES)
1.2.4 Remote Keyless Entry System (RKES)
1.3 Global Keyless Car Access Control System Segment by Application
1.3.1 Keyless Car Access Control System Consumption (Sales) Comparison by Application (2012-2022)
1.3.2 Passenger Vehicle
1.3.3 Commercial Vehicle
1.4 Global Keyless Car Access Control System Market by Region (2012-2022)
1.4.1 Global Keyless Car Access Control System Market Size (Value) and CAGR (%) Comparison by Region (2012-2022)
1.4.2 North America Status and Prospect (2012-2022)
1.4.3 Europe Status and Prospect (2012-2022)
1.4.4 China Status and Prospect (2012-2022)
1.4.5 Japan Status and Prospect (2012-2022)
1.4.6 Southeast Asia Status and Prospect (2012-2022)
1.4.7 India Status and Prospect (2012-2022)
1.5 Global Market Size (Value) of Keyless Car Access Control System (2012-2022)
1.5.1 Global Keyless Car Access Control System Revenue Status and Outlook (2012-2022)
1.5.2 Global Keyless Car Access Control System Capacity, Production Status and Outlook (2012-2022)
2 Global Keyless Car Access Control System Market Competition by Manufacturers
2.1 Global Keyless Car Access Control System Capacity, Production and Share by Manufacturers (2012-2017)
2.1.1 Global Keyless Car Access Control System Capacity and Share by Manufacturers (2012-2017)
2.1.2 Global Keyless Car Access Control System Production and Share by Manufacturers (2012-2017)
2.2 Global Keyless Car Access Control System Revenue and Share by Manufacturers (2012-2017)
2.3 Global Keyless Car Access Control System Average Price by Manufacturers (2012-2017)
2.4 Manufacturers Keyless Car Access Control System Manufacturing Base Distribution, Sales Area and Product Type
2.5 Keyless Car Access Control System Market Competitive Situation and Trends
2.5.1 Keyless Car Access Control System Market Concentration Rate
2.5.2 Keyless Car Access Control System Market Share of Top 3 and Top 5 Manufacturers
2.5.3 Mergers & Acquisitions, Expansion
3 Global Keyless Car Access Control System Capacity, Production, Revenue (Value) by Region (2012-2017)
3.1 Global Keyless Car Access Control System Capacity and Market Share by Region (2012-2017)
3.2 Global Keyless Car Access Control System Production and Market Share by Region (2012-2017)
3.3 Global Keyless Car Access Control System Revenue (Value) and Market Share by Region (2012-2017)
3.4 Global Keyless Car Access Control System Capacity, Production, Revenue, Price and Gross Margin (2012-2017)
3.5 North America Keyless Car Access Control System Capacity, Production, Revenue, Price and Gross Margin (2012-2017)
3.6 Europe Keyless Car Access Control System Capacity, Production, Revenue, Price and Gross Margin (2012-2017)
3.7 China Keyless Car Access Control System Capacity, Production, Revenue, Price and Gross Margin (2012-2017)
3.8 Japan Keyless Car Access Control System Capacity, Production, Revenue, Price and Gross Margin (2012-2017)
3.9 Southeast Asia Keyless Car Access Control System Capacity, Production, Revenue, Price and Gross Margin (2012-2017)
3.10 India Keyless Car Access Control System Capacity, Production, Revenue, Price and Gross Margin (2012-2017)
4 Global Keyless Car Access Control System Supply (Production), Consumption, Export, Import by Region (2012-2017)
4.1 Global Keyless Car Access Control System Consumption by Region (2012-2017)
4.2 North America Keyless Car Access Control System Production, Consumption, Export, Import (2012-2017)
4.3 Europe Keyless Car Access Control System Production, Consumption, Export, Import (2012-2017)
4.4 China Keyless Car Access Control System Production, Consumption, Export, Import (2012-2017)
4.5 Japan Keyless Car Access Control System Production, Consumption, Export, Import (2012-2017)
4.6 Southeast Asia Keyless Car Access Control System Production, Consumption, Export, Import (2012-2017)
4.7 India Keyless Car Access Control System Production, Consumption, Export, Import (2012-2017)
……….
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Research Trades has team of experts who works on providing exhaustive analysis pertaining to market research on a global basis. This comprehensive analysis is obtained by a thorough research and study of the ongoing trends and provides predictive data regarding the future estimations, which can be utilized by various organizations for growth purposes.
#Research Trades#Keyless Car Access Control System Market growth#Keyless Car Access Control System Market application#Keyless Car Access Control System Market key player#Keyless Car Access Control System Market Share#Keyless Car Access Control System Market Trends#Keyless Car Access Control System Market Forecast#Keyless Car Access Control System Market 2022#Keyless Car Access Control System Market Analysis#Keyless Car Access Control System Market
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Automotive Electronics Market Size, Supplier, Demand Analysis, Type, Statistics and Regions 2033
Research Nester published a report titled “Automotive Electronics Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers detailed overview of the global automotive electronics market in terms of market segmentation by product type, distribution channel, application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global automotive electronics market is anticipated to grow with a CAGR of ~8% during the forecast period, i.e., 2023-2033. The market is segmented by application into passenger vehicles and commercial vehicles. Out of these segments, the passenger vehicles segment is anticipated to garner the largest market share over the forecast period, owing to the increasing sales of cars. In addition, increasing demand for luxury cars with advanced features among populace is also expected to boost the growth of the segment in the coming years.
The global automotive electronics market is estimated to garner a moderate revenue by the end of 2033, backed by the increasing number of vehicles having electronic systems worldwide. Various features provided by automotive electronics, such as automatic emergency braking, airbags are also projected to boost sales of these tools in the coming years. Moreover, increasing road accidents as well as increasing penetration advance driver assistance system is also projected to propel the growth of the market during the forecast period.
Geographically, the global automotive electronics market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in Asia Pacific is estimated to garner the largest market share over the forecast period, owing to the rising sale of vehicles. Apart from this, the market in Europe is anticipated to register significant growth in the coming years.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increasing Use of Electronic Control Unit (ECU) to Drive the Market Growth
According to the data, vehicles in 2020, may have 100 or over, ECUs, for controlling functions
The adoption of ECU is expected to accelerate the market growth in the coming years, as there is surge in the number of controlling functions that range from the essential such as power steering control and engine to comfort such as power windows, seats, to security and access such as keyless entry, and door locks. Moreover, the increasing technological advancements as well as the increasing research and development are also expected to drive the growth of the global automotive electronics market during the forecast period.
However, the possibility of cost surge with increased number of electronic control unit as well as lower penetration of electronic systems in developing countries are expected to operate as key restraints to the growth of global automotive electronics market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the of global automotive electronics market which includes company profiling of Robert Bosch GmbH, Continental AG, Denso Corporation, Visteon Corporation, Infineon Technologies AG, Hella GmbH & Co. KGaA, Hitachi, Ltd., Advanced Micro Devices, Inc., Renesas Electronics Corporation, Valeo. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the of global automotive electronics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.
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Automotive Keyless Entry System Market Insight, Share, Report 2022-2028
A recent study by the strategic consulting and market research firm; BlueWeave Consulting revealed that the global automotive keyless entry system market was worth USD 1.8 billion in 2021 and is anticipated to reach USD 3.4 billion by 2028 at a CAGR of 9.2%. The global automotive keyless entry system market is in a developing stage. Strengthening regulatory policies focused on vehicle safety, rising vehicle sales in developing countries, and the convenience offered by keyless entry systems are expected to boost the demand for vehicle keyless entry systems during the forecast period. In addition, the growing awareness of technologically advanced vehicle safety systems in developed countries such as the United States, Germany, France, and Japan, as well as emerging countries such as China and India, is an opportunity for market growth. Moreover, growing demand for connected, autonomous, and semi-autonomous vehicles and smartphone integration is expected to create growth opportunities in the global market during the forecast period.
Improved comfort with keyless entry system
The most important advantage of a keyless entry system is the convenience it offers to the user. Drivers can unlock or lock vehicle doors with minimal effort, allowing them to get in and out of their vehicles more quickly. The development of the passive keyless entry system has given users the convenience of locking or unlocking their vehicle doors by simply putting the key fob in their pockets. Drivers also find this system most useful in emergencies and during bad weather outdoors when quick access to the vehicle is essential, making keyless entry an ideal system for drivers. Major OEMs offering keyless entry technology include Audi, Acura, BMW, KIA, Mercedes-Benz, and Volvo. The immobilizer function of the keyless entry system prevents unauthorized access and activation of the ignition system, increasing vehicle security. These are why these systems boost growth opportunities in the global market during the forecast period.
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Increasing global passenger car sales to boost demand for keyless vehicle access control by vehicle type
Based on vehicle type, the automotive keyless entry system market is segmented into passenger vehicles and commercial vehicles. The passenger car application segment accounts for the largest market share, and it is also expected to dominate the market. According to the International Organization of Motor Vehicle Manufacturers, India's motor vehicle sales for passenger cars was reported at 3,082,279.000 unit in Dec 2021, which increased from the previous number of 1,579,855.000 Unit in Jun 2021. Due to increased car sales and demand for vehicle security systems, the keyless entry system market has had positive growth.
Impact of COVID-19 on the Automotive Keyless Entry System Market
The outbreak of the novel coronavirus disease (COVID-19) has forced governments around the world to implement strict lockdowns and social distancing to limit the spread of the virus. As a result, several organizations have launched work-from-home programs as a safety measure. This has led to a sharp drop in demand for automobiles around the world. Additionally, the nationwide lockdown disrupted supply chains as several manufacturing facilities around the world had to partially or fully shut down. As a result of the supply chain and production schedule disruptions caused by the COVID-19 pandemic, automobile production and sales have been severely hit, negatively impacting the automotive keyless entry system market. To prevent the spread of the COVID-19 virus, governments around the world are enforcing strict lockdowns and mandating social distancing. As a result, several organizations have launched work-from-home programs as a precautionary measure. As a result, global demand for automobiles fell sharply.
Competitive Landscape
The key players operating in the global automotive keyless entry system market are Alps Electric Co. Ltd, Continental AG, DENSO Corporation, Hella KGaA Hueck & Co., Microchip Technology Inc., Mitsubishi Electric Corporation, NXP Semiconductors, Robert Bosch GmbH, Valeo, ZF Friedrichshafen AG other prominent players. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisition to expand their customer reach and gain a competitive edge in the overall market.
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Automotive Keyless Entry Systems Market
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Vehicle Access Control Market 2021 Global Industry Size, Segments, Share and Growth Factor Analysis Research Report 2027
The global vehicle access control market is set to gain momentum from the increasing adoption of standardized interface technologies by reputed manufacturers, such as Hyundai, BMW, and Honda. These technologies surge the commercial viability of passive vehicle access control systems, as well as enable greater convenience for consumers. This information is given by Fortune Business Insights™ in a new study, titled, “Vehicle Access Control Market Size, Share & Industry Analysis, By Type (Biometric System, Non-Biometric System), By Technology (RFID, NFC, Bluetooth, Others), By Vehicle Type (Passenger Car, Commercial Vehicle) and Regional Forecast, 2020-2027.” The study further mentions that the vehicle access control market size was USD 9.61 billion in 2019 and is projected to reach USD 12.45 billion by 2027, exhibiting a CAGR of 6.6% during the forecast period.
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A list of all the renowned vehicle access control operating in the global market:
Continental AG
Robert Bosch GmbH
Denso Corporation
Valeo
Nuance Communications, Inc.
Lear Corporation
Mitsubishi Electric Corporation
NXP Semiconductors
Drivers & Restraints-
Increasing Need to Reduce Vehicle Thefts will Favor Growth
Vehicle theft is a serious problem to tackle with nowadays. The National Insurance Crime Bureau (NICB) published an in-depth report in March 2019 that showcases a 56 percent rise in vehicle thefts over the 147,434 vehicles stolen between the period of January 2013 and December 2015. Besides, in the U.S., the number of vehicle thefts by using fobs or keys increased to 229,339 between January 2016 and December 2018. Novel techniques, such as fingerprint authorization and facial recognition, as well as keyless car entries would be able to boost vehicle security. This, in turn, can lessen the number of vehicle thefts. These factors are set to propel the vehicle access control market growth in the coming years.
However, perfectly keyless systems and biometric access would surge design complexities and component requirements. Hence, it would require high manufacturing and installation cost, which, in turn, is likely to obstruct the demand for vehicle access control systems.
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Regional Analysis-
High Demand for Electronic Immobilizers & Keyless Entry to Spur Growth in North America
Geographically, in 2019, North America procured USD 3.47 billion in terms of revenue. The region is characterized by the rising popularity of unique solutions, such as remote ignition disablers and stolen vehicle assist. Also, the increasing cases of vehicle thefts is surging the demand for keyless entry and electronic immobilizers in this region.
Asia Pacific, on the other hand, is anticipated to exhibit a higher CAGR in the near future stoked by the increasing awareness programs regarding the beneficial properties of vehicle access control solutions. In addition to that, the rising demand for high-end automobiles and the increasing production of vehicles would enhance growth in this region.
Competitive Landscape-
Key Players Focus on R&D Activities to Develop Secure Vehicle Access Control Solutions
The market for vehicle access control is fragmented. Most of the companies are aiming to increase their research and development initiatives for creating novel and highly secure solutions. Apart from that, some of the others are focusing on strategic partnerships to gain a competitive edge in the market. Below are the two latest industry developments:
June 2020: Continental bagged new orders from three vehicle manufacturers based in Asia & Europe for CoSmA, its smartphone-based vehicle access system. This system will be blended into the architecture of their upcoming vehicles. The production is expected to begin in 2021.
January 2019: Bosch introduced its Perfectly Keyless digital access service that can easily recognize the owner’s smartphone just like a digital fingerprint. Only then it can open the vehicle.
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North America Keyless Vehicle Access Control Market research Higher Mortality Rates by 2014 – 2020
A keyless vehicle access control system is a fully automated system comprising of an electronic locking feature which secures access to the vehicle electronically and substitutes the conventional mechanical key. This system works on a number of low frequency transmitting antennae placed outside as well as inside the vehicle.
Currently, a significant number of cars are equipped with such a system. Remote keyless entry system (RKES)have been available since 1983.These can be integrated into the car key itself or with a separate small remote control. The growing demand for RKES has led to the evolution of the passive keyless entry system (PKES)which was first patented in the US in 1990. Consumer can unlock the door of the vehicle from a certain distance with the use of a passive keyless entry system. Both RKES and PKES work on the radio frequency identification principle.
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RKES and PKES are often combined with “keyless go”, “entry and go” systems, which further remove the need for the usual ignition lock. Additionally, this system can be used for several applications like car alarms, light control, front and rear seat settings, tire pressure monitoring systems, opening the tailgate, and storing multimedia files. It can also be paired with smartphones via bluetooth for several other applications.
The global keyless vehicle access control system market is expected to grow twofold from 2014 to 2020. The market is driven by three major factors: rise in automotive production across the globe, improving transportation and communication infrastructure, and increasing awareness about sophisticated features in vehicles. These factors together are expected to drive the growth of this market over the next six years.
Based on system type, the keyless vehicle-access market is segmented intoRKES and PKES. Currently, RKES market is in the mature stage of its product life cycle. However, the PKES market segment is still in the nascent stage and has more room for expansion.
Emerging economies such as Asia, Eastern Europe and LatinAmerica are expected to exhibit higher penetration rate in the passenger and commercial vehicle market. APAC market is expected to register a significant growth from 2014 to 2020, due to increasing automotive production and demand. In the coming years, BRIC nations, especially India and China, will witness the highest growth rate, whereas developed countries are expected to witness sluggish growth.
Currently, North America is one of the largest markets for keyless vehicle access control system. Though it is one of the largest markets across the globe, due to the stagnancy in the automotive production and demand, in future it is expected that North America will lose its lead in the global market. The APAC region is expected to gain a larger share in the global market due to increase in automotive production and demand.
In comparison to PKE systems, RKE systems recorded about 60% penetration rate of the total North American access control market. The rate is expected to fall due to increase inthe penetration of PKE systems.This is due to the realisation of revenue gains to automakers and benefits to consumers from PKE systems. Also, in North America the penetration rate of keyless vehicle access system is expected to dominate the passenger car sector.
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Key players in the keyless vehicle-access control systems market focus on research and development activities in order to produce advanced and cost-effective products. In 2013, TRW Automotive introduced PKES for ram trucks. Some of the major players in the keyless vehicle-access control systems market include Panasonic Corporation, TRW Automotive Holdings Corp., Alps Automotive, Inc., Calsonic Kansei Corporation, Delphi Automotive LLP, Lear Corporation, Mitsubishi Electric Group, Valeo S.A., Atmel Corporation, Continental Automotive GmbH, Denso Corporation, Marquardt Switches Inc., and Omron Automotive Electronics Co. Ltd.
Major challenges for original equipment manufacturers (OEMs) includes keeping check over price volatility in raw materials like semiconductors and other electronic components.
In future, technology advancement will most likely offer additional features like vehicle temperature information, long-range communication, car security and comforts added to keyless vehicle access systems. These developments are also expected to create impressive business opportunities for the automotive market at a global level
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Automotive Digital Key Market To Witness the Highest Growth Globally in Coming Years
The report begins with an overview of the Automotive Digital Key Market 2025 Size and presents throughout its development. It provides a comprehensive analysis of all regional and key player segments providing closer insights into current market conditions and future market opportunities, along with drivers, trend segments, consumer behavior, price factors, and market performance and estimates. Forecast market information, SWOT analysis, Automotive Digital Key Market scenario, and feasibility study are the important aspects analyzed in this report.
The Automotive Digital Key Market is experiencing robust growth driven by the expanding globally. The Automotive Digital Key Market is poised for substantial growth as manufacturers across various industries embrace automation to enhance productivity, quality, and agility in their production processes. Automotive Digital Key Market leverage robotics, machine vision, and advanced control technologies to streamline assembly tasks, reduce labor costs, and minimize errors. With increasing demand for customized products, shorter product lifecycles, and labor shortages, there is a growing need for flexible and scalable automation solutions. As technology advances and automation becomes more accessible, the adoption of automated assembly systems is expected to accelerate, driving market growth and innovation in manufacturing. Automotive Digital Key Market Size, Share & Industry Analysis, By Type (Near Field Communication (NFC), Bluetooth, Others), By Vehicle Type (Passenger Cars, Commercial Vehicles) And Regional Forecast 2021-2028
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Key Strategies
Key strategies in the Automotive Digital Key Market revolve around optimizing production efficiency, quality, and flexibility. Integration of advanced robotics and machine vision technologies streamlines assembly processes, reducing cycle times and error rates. Customization options cater to diverse product requirements and manufacturing environments, ensuring solution scalability and adaptability. Collaboration with industry partners and automation experts fosters innovation and addresses evolving customer needs and market trends. Moreover, investment in employee training and skill development facilitates seamless integration and operation of Automotive Digital Key Market. By prioritizing these strategies, manufacturers can enhance competitiveness, accelerate time-to-market, and drive sustainable growth in the Automotive Digital Key Market.
Major Automotive Digital Key Market Manufacturers covered in the market report include:
Major players operating in the global automotive digital key market include Hyundai Mobis, Volkswagen AG, Denso Corporation, Samsung Electronics Co. Ltd., HELLA, Robert Bosch GmbH, Tesla Inc., Infineon Technologies, BMW AG, STMicroelectronics, Continental AG, Daimler AG, Ericsson, and Valeo SA among others.
Manufacturers are developing car digital keys, which offer more advanced functions than traditional keys, such as keyless entry functions, connected cars, enhanced driver safety functions, etc. Moreover, the leading players in the automotive digital key market have been working on developing smart key fobs, key cards, and wearable smart keys with RFID technology. Several original equipment manufacturers (OEMs) are committed to increase the production of vehicles with this advanced feature in response to increase the customer demand.
Trends Analysis
The Automotive Digital Key Market is experiencing rapid expansion fueled by the manufacturing industry's pursuit of efficiency and productivity gains. Key trends include the adoption of collaborative robotics and advanced automation technologies to streamline assembly processes and reduce labor costs. With the rise of Industry 4.0 initiatives, manufacturers are investing in flexible and scalable Automotive Digital Key Market capable of handling diverse product portfolios. Moreover, advancements in machine vision and AI-driven quality control are enhancing production throughput and ensuring product consistency. The emphasis on sustainability and lean manufacturing principles is driving innovation in energy-efficient and eco-friendly Automotive Digital Key Market Solutions.
Regions Included in this Automotive Digital Key Market Report are as follows:
North America [U.S., Canada, Mexico]
Europe [Germany, UK, France, Italy, Rest of Europe]
Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
South America [Brazil, Argentina, Rest of Latin America]
Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]
Significant Features that are under offering and key highlights of the reports:
- Detailed overview of the Automotive Digital Key Market.
- Changing the Automotive Digital Key Market dynamics of the industry.
- In-depth market segmentation by Type, Application, etc.
- Historical, current, and projected Automotive Digital Key Market size in terms of volume and value.
- Recent industry trends and developments.
- Competitive landscape of the Automotive Digital Key Market.
- Strategies of key players and product offerings.
- Potential and niche segments/regions exhibiting promising growth.
Frequently Asked Questions (FAQs):
► What is the current market scenario?
► What was the historical demand scenario, and forecast outlook from 2025 to 2032?
► What are the key market dynamics influencing growth in the Global Automotive Digital Key Market?
► Who are the prominent players in the Global Automotive Digital Key Market?
► What is the consumer perspective in the Global Automotive Digital Key Market?
► What are the key demand-side and supply-side trends in the Global Automotive Digital Key Market?
► What are the largest and the fastest-growing geographies?
► Which segment dominated and which segment is expected to grow fastest?
► What was the COVID-19 impact on the Global Automotive Digital Key Market?
Table Of Contents:
1 Market Overview
1.1 Automotive Digital Key Market Introduction
1.2 Market Analysis by Type
1.3 Market Analysis by Applications
1.4 Market Analysis by Regions
1.4.1 North America (United States, Canada and Mexico)
1.4.1.1 United States Market States and Outlook
1.4.1.2 Canada Market States and Outlook
1.4.1.3 Mexico Market States and Outlook
1.4.2 Europe (Germany, France, UK, Russia and Italy)
1.4.2.1 Germany Market States and Outlook
1.4.2.2 France Market States and Outlook
1.4.2.3 UK Market States and Outlook
1.4.2.4 Russia Market States and Outlook
1.4.2.5 Italy Market States and Outlook
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
1.4.3.1 China Market States and Outlook
1.4.3.2 Japan Market States and Outlook
1.4.3.3 Korea Market States and Outlook
1.4.3.4 India Market States and Outlook
1.4.3.5 Southeast Asia Market States and Outlook
1.4.4 South America, Middle East and Africa
1.4.4.1 Brazil Market States and Outlook
1.4.4.2 Egypt Market States and Outlook
1.4.4.3 Saudi Arabia Market States and Outlook
1.4.4.4 South Africa Market States and Outlook
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force
2 Manufacturers Profiles
Continued…
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Automotive Keyless Entry System Market Top 10 Companies Analysis by Size, Industry Share, Statistics, Growth Factors, Business Strategies, Trends and Forecast to 2027
Automotive Keyless Entry System Market 2018-2024 The forecast period 2018-2024 is expected to show significant growth in global automotive keyless entry systems market. There will be a new resurgence in the sales and utilisation of automotive keyless entry systems. Are you ready to cope up with growing market? No, then have a look at our report overview and send your query to us.
Now these days, the introduction of high-end advanced electronic entry systems is the most advanced technology. Automotive keyless entry system is integrated circuits that communicate through magnetic attraction signals to lock or unlock the vehicle door. The increasing proliferation of automotive electronic solutions that provide customers centralized controls and seamless exchange of knowledge among varied systems can revolutionize the automotive trade.
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The report classifies and defines the Automotive Keyless entry systems market volume and value. The market volume is provided in terms of thousand units; whereas the value for the market is provided in terms of USD million from 2018-2024. The geography (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) focusing on key countries in each region.
The report also gives a comprehensive review of the market drivers, restraints, opportunities, challenges, and key issues in Automotive Keyless entry systems market. The key players in the market for automotive Keyless entry systems have also been identified and profiled.
Future of Automotive Keyless Entry System Market
The future of automotive keyless entry system market presents promising prospects despite underlying challenges in some regions of the world. Europe is on the brink of recovery from recession and is anticipated to witness average growth in returning future. Asia Pacific region is projected to highest growth in the forecast period to increasing local demand of vehicle with added safety equipment’s within the vehicle.
Automotive Keyless Entry Systems Market: Key Players
Advanced Keys
Alps Electric
Bosch
Calsonic Kansei
Denso
Directed Electronics
Hyundai Mobis
Lear Corporation
Marquardt
Microchip Corporation (ATMEL)
Mitsubishi Electric
OMRON Automotive Electronics
Panasonic
Tokai Rika
Voxx International
Along with these leading players, there are number of other small and mid-sized players who are coming with huge investment and innovative product launch in the automotive keyless entry system industry. On the bases of product, end user and vehicle type keyless entry system market are divided as follows,
by Product Type
RKE systems
PKE systems
by End-user
OEM market
Aftermarket
by Vehicle Type
Passenger cars
LCVs
HCVs
by Region
U.S.
Canada
U.K.
France
Germany
Italy
China
Japan
India
Southeast Asia
Brazil
Mexico
GCC
Africa
Rest of Middle East and Africa
Our new report discusses issues and events affecting the automotive Keyless entry system market.
The report covers discussions and qualitative analyses:
The strong growth of Automotive Keyless entry system market.
Trends toward Automotive Keyless entry system
Recent advancement in automotive technology
Table of Content
1. Chapter - Report Methodology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description
2. Chapter – Global Automotive Keyless Entry System Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary
2.3. Global Automotive Keyless Entry System Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Automotive Keyless Entry System Market: Trends
2.8. Porter’s Five Forces Analysis
2.9. Market Attractiveness Analysis
3. Chapter - Global Automotive Keyless Entry System Market Overview: Quantitative Analysis
4. Chapter – Global Automotive Keyless Entry System Market Analysis: Segmentation By Type
5. Chapter – Global Automotive Keyless Entry System Market Analysis: Segmentation By Application
Continued........
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Automotive Door Handle Sensors Market Size – Latest Growth, Development Trends & Forecast Report to 2024
Automotive door handle sensors is a sealed module integrating various keyless access functions into a door handle. A keyless vehicle access control system is a fully automated system comprising of an electronic locking feature which secures access to the vehicle electronically and substitutes the conventional mechanical key. This system works on a number of low frequency transmitting antennae placed outside as well as inside the vehicle.
In 2017, the Button Type sales were 137 M units and the market share was 88%, and it will be 325 and 86% in 2025, with a Growth Rate 8% from 2017 to 2025. In 2017, the Induction Type production was 24 and the market share was 12%, and it will be 53 and 14% in 2025, with a Growth Rate 11% from 2017 to 2025
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Of the various regional markets, Asia-Pacific, South America and Middle East and Africa offer promising potential in the global Automotive Door Handles market. Asia-Pacific is witnessing significant economic growth due to the boom in automotive industry in various countries such as India and China.
According to this study, over the next five years the Automotive Door Handle Sensors market will register a 6.5% CAGR in terms of revenue, the global market size will reach US$ 1170 million by 2024, from US$ 810 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Automotive Door Handle Sensors business.
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This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Door Handle Sensors market by product type, application, key manufacturers and key regions and countries.
This study considers the Automotive Door Handle Sensors value and volume generated from the sales of the following segments:
Segmentation by product type:
Button Type
Induction Type
Segmentation by application:
Passenger Cars
Commercial Vehicles
Other
This report also splits the market by region:
Americas
APAC
Europe
Middle East & Africa
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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.
The key manufacturers covered in this report:
Continental
Aisin Seiki
Huf-group
U-Shin
ITW Automotive
Hella
Omron
...
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Automotive Door Handle Sensors consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Automotive Door Handle Sensors market by identifying its various subsegments.
Focuses on the key global Automotive Door Handle Sensors manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Automotive Door Handle Sensors with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Automotive Door Handle Sensors submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Automotive Door Handle Sensors Consumption 2014-2024
2.1.2 Automotive Door Handle Sensors Consumption CAGR by Region
2.2 Automotive Door Handle Sensors Segment by Type
2.2.1 Button Type
2.2.2 Induction Type
2.3 Automotive Door Handle Sensors Consumption by Type
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#Automotive Door Handle Sensors Market#Automotive Door Handle Sensors Market Share#Automotive Door Handle Sensors Market Size#Automotive Door Handle Sensors Market Trends
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Vehicle Access Control Market Report by Technology, Industry Share and Size Expansion to 2026 | Fortune Business Insights™
Vehicle Access Control Market Size, Share & COVID-19 Impact Analysis, By Type (Biometric System, Non-Biometric System), By Technology (RFID, NFC, Bluetooth, Others), By Vehicle Type (Passenger Car, Commercial Vehicle) and Regional Forecast, 2020-2027 is set to gain momentum from the increasing adoption of standardized interface technologies by reputed manufacturers, such as Hyundai, BMW, and Honda. These technologies surge the commercial viability of passive vehicle access control systems, as well as enable greater convenience for consumers.
Fortune Business Insights™ in a new study, titled, “Vehicle Access Control Market Size, Share & COVID-19 Impact Analysis, By Type (Biometric System, Non-Biometric System), By Technology (RFID, NFC, Bluetooth, Others), By Vehicle Type (Passenger Car, Commercial Vehicle) and Regional Forecast, 2020-2027.” The study further mentions that the market size was USD 9.61 billion in 2019 and is projected to reach USD 12.45 billion by 2027, exhibiting a CAGR of 6.6% during the forecast period.
COVID-19 Pandemic: Rising Focus on Reducing Innovation Funding May Hamper Demand
The emergence of the COVID-19 pandemic has taken a toll on the automotive industry by declining global demand, disrupting supply chains, and closing of assembly plants. The elimination of various passenger cars and commercial vehicles is set to affect the ability of carmakers to invest in research and development activities. Besides, the pandemic has compelled manufacturers to focus on reducing innovation funding and managing day-to-day cash flow. Our detailed research report will help you take the right decision by gaining more insights into the current scenario of the vehicle access control industry.
Drivers & Restraints
Increasing Need to Reduce Vehicle Thefts will Favor Growth
Vehicle theft is a serious problem to tackle with nowadays. The National Insurance Crime Bureau (NICB) published an in-depth report in March 2019 that showcases a 56 percent rise in vehicle thefts over the 147,434 vehicles stolen between the period of January 2013 and December 2015. Besides, in the U.S., the number of vehicle thefts by using fobs or keys increased to 229,339 between January 2016 and December 2018. Novel techniques, such as fingerprint authorization and facial recognition, as well as keyless car entries would be able to boost vehicle security. This, in turn, can lessen the number of vehicle thefts. These factors are set to propel the vehicle access control market growth in the coming years.
However, perfectly keyless systems and biometric access would surge design complexities and component requirements. Hence, it would require high manufacturing and installation cost, which, in turn, is likely to obstruct the demand for vehicle access control systems.
Segment
NFC Segment to Grow Significantly Backed by its Ability to Prevent Relay Attacks
Based on technology, the NFC segment generated 3.97% in terms of the vehicle access control market share in 2019 and is expected to grow significantly throughout the forthcoming years. This growth is attributable to its cost-effectiveness that enables manufacturers to develop card-based vehicle access control or NFC-based smartphones for mainstream vehicles. This technology can also prevent relay attacks.
This Report Answers the Following Questions:
What are the key strategies adopted by prominent firms to surge revenue?
Which are the upcoming trends in vehicle access control technology?
How will facial recognition technology cope up with the challenge of high cost?
Which segment and region are set to dominate the market in terms of share?
Regional Analysis
High Demand for Electronic Immobilizers & Keyless Entry to Spur Growth in North America
Geographically, in 2019, North America procured USD 3.47 billion in terms of revenue. The region is characterized by the rising popularity of unique solutions, such as remote ignition disablers and stolen vehicle assist. Also, the increasing cases of vehicle thefts is surging the demand for keyless entry and electronic immobilizers in this region.
Asia Pacific, on the other hand, is anticipated to exhibit a higher CAGR in the near future stoked by the increasing awareness programs regarding the beneficial properties of vehicle access control solutions. In addition to that, the rising demand for high-end automobiles and the increasing production of vehicles would enhance growth in this region.
Competitive Landscape
Key Players Focus on R&D Activities to Develop Secure Vehicle Access Control Solutions
The market for vehicle access control is fragmented. Most of the companies are aiming to increase their research and development initiatives for creating novel and highly secure solutions. Apart from that, some of the others are focusing on strategic partnerships to gain a competitive edge in the market.
A list of all the renowned vehicle access control operating in the global market:
Continental AG (Hanover, Germany)
Robert Bosch GmbH (Gerlingen, Germany)
Denso Corporation (Aichi, Japan)
Valeo (Paris, France)
Nuance Communications, Inc. (Massachusetts, US)
Lear Corporation (Michigan, US)
Mitsubishi Electric Corporation (Tokyo, Japan)
NXP Semiconductors (Eindhoven, Netherlands)
Below are the two latest industry developments:
June 2020: Continental bagged new orders from three vehicle manufacturers based in Asia & Europe for CoSmA, its smartphone-based vehicle access system. This system will be blended into the architecture of their upcoming vehicles. The production is expected to begin in 2021.
January 2019: Bosch introduced its Perfectly Keyless digital access service that can easily recognize the owner’s smartphone just like a digital fingerprint. Only then it can open the vehicle.
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/vehicle-access-control-market-103664
Detailed Table of Content:
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Market Drivers
Market Restraints
Market Opportunities
Merger, Acquisitions, and Partnerships
Distributor Analysis – For Major Players
Growth and Penetration Analysis
Porter’s Five Forces Analysis
PEST Analysis
Vendor Landscape
Biometric System
Non-Biometric System
RFID
NFC
Bluetooth
Others
Passenger Car
Commercial Vehicle
North America
Europe
Asia Pacific
Rest of the World
TOC Continued…!
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