Automotive keyless entry system is the high end advanced technology which uses integrated circuits that communicate using the electromagnetic signals for locking and unlocking vehicle door. By using this technology, vehicle can be accessed without using mechanical key, which in turn provides security and convenience. There is high scope for the Automotive Keyless Entry System Market and it is estimated to reach approximately 134 million units by 2021.
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Scope and Regional Forecast of the Automotive Keyless Entry System Market:
In the Automotive Keyless Entry System Market, remote keyless entry was the largest segment in 2015 and it accounted for approximately 70 million units. The remote keyless entry segment is anticipated to grow at a CAGR of 5% during 2015-2021.
Passenger car is the largest segment in terms of units as well as revenue in the Automotive Keyless Entry System Market. The passenger car segment occupied the largest share with 75 million units in 2015 and it is expected to continue its dominance through 2021.
In the Automotive Keyless Entry System Market, North America dominated the market in 2015 with around 35 million units, followed by Europe and Asia. Asia Pacific is poised to show a significant growth at a CAGR of 6% through 2021.
The Automotive Keyless Entry System Market is a rapidly growing market which has huge scope for expansion owing to the growing demand for car remote entry in the automotive industry across the globe. This market is expected to witness high growth owing to the increasing investment for keyless entry programming and production of keyless start cars, growing adoption of cars with keyless entry with keyless entry system installation and rise in manufacture of key entry and keyless car entry in automotive industries in various regions across the globe during 2015-2021.
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Segmentation and Key Players of the Automotive Keyless Entry System Market:
The Automotive Keyless Entry System Market is segmented into various categories by product type, by vehicle type, by end market and by geography as follows:
By product type: Remote key-less Entry, Passive Key-less Entry
By vehicle type: Passenger Cars, Heavy Commercial Vehicle and Light Commercial Vehicle
By end market: Original Equipment Manufacturers, After Market
By geography: North America, Europe, Asia Pacific, Latin America and Middle East
The key players in the Automotive Keyless Entry System Market are as follows:
- Silicon Labs
- General Motors
The car alarm remote access and autoremote functions are expected to have high demand in automotive industry across the globe during 2015-2021.
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