APAC to Spearhead Automotive Keyless Entry Systems Market |...

APAC to Spearhead Automotive Keyless Entry Systems Market

Posted 2021-06-11 07:16:58

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.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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