Automotive Remote Keyless Entry System Market shall reach a value of $2x61.4 Million in 2027, growing with a CAGR of 12.13% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
For the purpose of this market researchreport, Automotive Remote Keyless Entry System is defined as the mechanism of locking and gaining access to a vehicle or a working place without the use of a traditional key system. It provides more comfort to the users as the hassle of maintaining several keys is avoided. In addition, it also provides more security as many Automotive Remote Keyless Entry Systems also lock the windows along with the doors. They also provide separate unlocking of driver door and passenger door in vehicle and thus provide additional security. These systems are designed in such a way that prevent accidental injury by automatic closing.
Automotive Remote Keyless Entry Systems Market Growth and Trends
Automotive Remote Keyless Entry Systems Market Regional Analysis
Highly penetrating broadband technology and connectivity augmentation are expected to uplift the manufacturing keyless entry system in the global market. The Asia Pacific region is expected to register the highest growth in the global market owing to increasing passenger car sales in regions like China, India, South Korea, and Japan. Also, China is estimated to be the largest automotive market in the world.
North America is estimated to propagate its growth in the market attributed to rising commercial vehicle sales with large volumes of production and consistent sales of vehicles in the region.
Europe is presumed to shelter a large number of shares in the market with political and micro-economical factors that propel the sale and demand of vehicles in the region while the Middle East and Africa are also protracted to grow its market exponentially owing to the growing demand for entry and go keyless systems in the regional vertical.
Automotive Remote Keyless Entry Systems Market Share and Competition
Key companies operating in this industry are: Continental, Delphi, Hella, Mitsubishi Electric, ZF TRW, Alps Electric, Atmel, Denso, Hyundai MOBIS and Marquardt.
Automotive Remote Keyless Entry Systems Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2020 - 2027)
• Radio Frequency
Application Analysis (Revenue, USD Million, 2020 - 2027)
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Automotive Remote Keyless Entry Systems Market Companies
• Mitsubishi Electric
• ZF TRW
• Alps Electric
• Hyundai MOBIS
United States Automotive Remote Keyless Entry Systems Market Research Report
Europe Automotive Remote Keyless Entry Systems Market Research Report
Asia Pacific Automotive Remote Keyless Entry Systems Market Research Report
India Automotive Remote Keyless Entry Systems Market Research Report