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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.
Their functioning is based on the transfer of radio frequency signal exchange which provides advanced safety features.
Car theft is followed by huge economic loss, insurance, and deductibles, and potential waiting periods for insurance settlements.
Additionally, they also assist in tire pressure monitoring, light control, opening the tailgate, multimedia file storage, front and rear seat setting, and others.
High demand for connected, autonomous, and semi-autonomous cars also provides ample opportunities for the growth of the market.Technologically the automotive keyless entry system space has witnessed rapid advancements in the past few years.
While few automakers have launched smartphone applications to make vehicles keyless, recently Tesla launched a car with no fob at all.SegmentationThe 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.Regional AnalysisBy 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.
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Market Research Future (MRFR), in its latest report on the global Automotive Keyless Entry Systems market 2020, reveals different aspects of the market and potential forces that can impact the market dynamics.
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.
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.
Key PlayersEminent players profiled in the global automotive keyless entry systems market 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).
Automotive Keyless Entry Systems Market@ http://heraldkeeper.com/featured/automotive-keyless-entry-systems-market-expected-to-reach-at-high-pace-by-2025-global-industry-analysis-by-major-companies-like-robert-bosch-gmbh-hyundai-mobis-etc-577935.htmlMarket Segmentation The MRFR report highlights an inclusive segmental analysis of the global automotive keyless entry systems market based on product type, sales channel, and vehicle type.
