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Global Automotive Keyless Entry System Market: By Product: Passive Keyless Entry Systems (PKES), Remote Keyless Entry Systems (RKES); By Application; By End Market; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Automotive Keyless Entry System Market Outlook

The global automotive keyless entry system market reached a value of about USD 1.5 billion in 2021. The industry is further expected to grow at a CAGR of about 12.60% in the forecast period of 2022-2027 to reach a value of around USD 3.1 billion by 2027.

 

Global Automotive Keyless Entry System Market

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North America and Asia Pacific to be Among the Significant Regional Markets for Automotive Keyless Entry System

The Asia Pacific accounts for a major share of the global automotive keyless entry system market due to the increase in demand for automotive safety systems in China, India, and Japan. Higher vehicle production in the region, coupled with the significant presence of OEMs and availability of service and solution providers for automotive keyless entry systems, is a major factor that is anticipated to augment the market growth during the forecast period. Advancements in technology for vehicle active security systems are projected to boost the automotive keyless entry system industry at a healthy pace during the forecast period. Over the past few years, the passenger car and commercial vehicle sales in the region have increased significantly, which is also contributing to the growth of the market.

North America is a significant region in the automotive keyless entry systems industry because of the growing preference for luxury vehicles and the rising adoption of vehicle security systems. The rising purchasing power of the people, increased participation of the region’s leading automotive companies, favourable government initiatives, and technological advancements are fuelling the global market growth. Further, the United States, Mexico, and Canada are the major revenue contributors to the market.

 

Automotive Keyless Entry System: Market Segmentation

The automotive keyless entry system is a new generation vehicle access control system that locks and unlocks the vehicle using a remote or portable device. By transmitting the determined coded signals from a certain distance away, the automotive end-user can lock and unlock the vehicle. Automotive keyless entry systems work with pre-programmed programming for advanced vehicle security, which is usually designed by the automaker.

 

Global Automotive Keyless Entry System Market by Segments

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By product, the market includes:

  • Passive Keyless Entry Systems (PKES)
  • Remote Keyless Entry Systems (RKES)

The significant applications of the market are:

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

Based on the end market, the market is divided into:

  • Original Equipment Manufacturers (OEMs)
  • Aftermarket

The regional markets for the automotive keyless entry system industry can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

 

Global Automotive Keyless Entry System Market by Region

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Growing Demand for Luxury and Premium Vehicles Propelling the Market Growth

The growing consumer preference for luxury and premium vehicles due to the integration of advanced safety systems in these vehicles is anticipated to fuel the market growth in the forecast period. In modern vehicles, automotive OEMs are inclining towards smart technology to cater to the changing demand from end-users for vehicle safety and improved convenience, which in turn support the growth of automotive keyless entry systems. The major drivers of the keyless entry systems industry include the increasing automotive production, focus on high comfort and convenience, stringent vehicle theft prevention regulations, and demand for high-security vehicles. The integration of smartphones and the rising demand for connected cars would encourage vendors to launch advanced automotive keyless entry systems in the market. For instance, in 2018, Robert Bosch GmbH, a Germany-based company, launched Perfectly Keyless, which offers wireless localisation and secure key management using a digital key on smartphones. In addition, the growing regulatory policies, which focused on vehicle safety and increased sales of luxury cars, are driving the market growth.

 

Key Industry Players in the Global Automotive Keyless Entry System Market

The report gives a detailed analysis of the following key players in the global automotive keyless entry system industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • DENSO Corporation
  • Hella KGaA Hueck and Co.
  • Continental AG
  • Alps Electric Co., Ltd.
  • STMicroelectronics International N.V. 
  • Valeo SE
  • Microchip Technology Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Application
  • End Market
  • Region
Breakup by Product
  • Passive Keyless Entry Systems (PKES)
  • Remote Keyless Entry Systems (RKES)
Breakup by Application
  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
Breakup by End Market
  • Original Equipment Manufacturers (OEMs)
  • Aftermarket
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • DENSO Corporation
  • Hella KGaA Hueck and Co.
  • Continental AG
  • Alps Electric Co., Ltd.
  • STMicroelectronics International N.V.
  • Valeo SE
  • Microchip Technology Inc.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Automotive Keyless Entry System Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Automotive Keyless Entry System Historical Market (2017-2021) 
    8.3    Global Automotive Keyless Entry System Market Forecast (2022-2027)
    8.4    Global Automotive Keyless Entry System Market by Product
        8.4.1    Passive Keyless Entry Systems (PKES)
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Remote Keyless Entry Systems (RKES)
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
    8.5    Global Automotive Keyless Entry System Market by Application
        8.5.1    Passenger Cars
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Light Commercial Vehicles
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Heavy Commercial Vehicles
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
    8.6    Global Automotive Keyless Entry System Market by End Market
        8.6.1    Original Equipment Manufacturers (OEMs)
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Aftermarket
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
    8.7    Global Automotive Keyless Entry System Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    DENSO Corporation
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Hella KGaA Hueck and Co.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Continental AG
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Alps Electric Co., Ltd.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    STMicroelectronics International N.V. 
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Valeo SE
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Microchip Technology Inc.
            12.2.7.1    Company Overview
            12.2.7.2    Product Portfolio
            12.2.7.3    Demographic Reach and Achievements
            12.2.7.4    Certifications
        12.2.8    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Automotive Keyless Entry System Market: Key Industry Highlights, 2017 and 2027
2.    Global Automotive Keyless Entry System Historical Market: Breakup by Product (USD Billion), 2017-2021
3.    Global Automotive Keyless Entry System Market Forecast: Breakup by Product (USD Billion), 2022-2027
4.    Global Automotive Keyless Entry System Historical Market: Breakup by Application (USD Billion), 2017-2021
5.    Global Automotive Keyless Entry System Market Forecast: Breakup by Application (USD Billion), 2022-2027
6.    Global Automotive Keyless Entry System Historical Market: Breakup by End Market (USD Billion), 2017-2021
7.    Global Automotive Keyless Entry System Market Forecast: Breakup by End Market (USD Billion), 2022-2027
8.    Global Automotive Keyless Entry System Historical Market: Breakup by Region (USD Billion), 2017-2021
9.    Global Automotive Keyless Entry System Market Forecast: Breakup by Region (USD Billion), 2022-2027
10.    North America Automotive Keyless Entry System Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    North America Automotive Keyless Entry System Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Europe Automotive Keyless Entry System Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Europe Automotive Keyless Entry System Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Asia Pacific Automotive Keyless Entry System Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Asia Pacific Automotive Keyless Entry System Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Latin America Automotive Keyless Entry System Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Latin America Automotive Keyless Entry System Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Middle East and Africa Automotive Keyless Entry System Historical Market: Breakup by Country (USD Billion), 2017-2021
19.    Middle East and Africa Automotive Keyless Entry System Market Forecast: Breakup by Country (USD Billion), 2022-2027
20.    Global Automotive Keyless Entry System Market Structure

Key Questions Answered in the Report

In 2021, the global automotive keyless entry system market attained a value of nearly USD 1.5 billion.

The market is projected to grow at a CAGR of 12.60% between 2022 and 2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach USD 3.1 billion by 2027.

The major drivers of the market include the increase in demand for automotive safety systems, rising purchasing power of the people, increased participation of the region’s leading automotive companies, technological advancements, increasing automotive production, focus on high comfort and convenience, stringent vehicle theft prevention regulations, integration of smartphones, and the rising demand for connected cars.

The rising adoption of vehicle security systems and the growing consumer preference for luxury and premium vehicles are the key industry trends propelling the growth of the market.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The different products are passive keyless entry systems (PKES) and remote keyless entry systems (RKES).

The significant applications of the market are passenger cars, light commercial vehicles, and heavy commercial vehicles.

Based on the end market, the market is divided into original equipment manufacturers (OEMs) and aftermarket.

The major players in the industry are DENSO Corporation, Hella KGaA Hueck and Co., Continental AG, Alps Electric Co., Ltd., STMicroelectronics International N.V., Valeo SE, and Microchip Technology Inc., among others.

Analyst Review

The global automotive keyless entry system market attained a value of USD 1.5 billion in 2021, driven by the rising adoption of vehicle security systems. Aided by the stringent vehicle theft prevention regulations and growing consumer preference for luxury and premium vehicles, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 12.60%. The market is projected to reach USD 3.1 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The different products are passive keyless entry systems (PKES) and remote keyless entry systems (RKES). The significant applications of the market are passenger cars, light commercial vehicles, and heavy commercial vehicles. Based on the end market, the market is divided into original equipment manufacturers (OEMs) and aftermarket. The major regional markets for the automotive keyless entry system are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The key players in the automotive keyless entry system market are DENSO Corporation, Hella KGaA Hueck and Co., Continental AG, Alps Electric Co., Ltd., STMicroelectronics International N.V., Valeo SE, and Microchip Technology Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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