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Automotive Keyless Entry System Market

Global Automotive Keyless Entry System Market Size, Share: By Product: Passive Keyless Entry Systems (PKES), Remote Keyless Entry Systems (RKES); By Application: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles; By End Market; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

Global Automotive Keyless Entry System Market Outlook

The global automotive keyless entry system market reached a value of about USD 1.90 billion in 2023. The industry is further expected to grow at a CAGR of about 12.60% in the forecast period of 2024-2032 to reach a value of around USD 5.61 billion by 2032.

 

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 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    Opportunities and Challenges in the Market
8    Global Automotive Keyless Entry System Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Automotive Keyless Entry System Historical Market (2018-2023) 
    8.3    Global Automotive Keyless Entry System Market Forecast (2024-2032)
    8.4    Global Automotive Keyless Entry System Market by Product
        8.4.1    Passive Keyless Entry Systems (PKES)
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Remote Keyless Entry Systems (RKES)
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Automotive Keyless Entry System Market by Application
        8.5.1    Passenger Cars
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Light Commercial Vehicles
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Heavy Commercial Vehicles
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
    8.6    Global Automotive Keyless Entry System Market by End Market
        8.6.1    Original Equipment Manufacturers (OEMs)
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Aftermarket
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
    8.7    Global Automotive Keyless Entry System Market by Region       
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Automotive Keyless Entry System Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Automotive Keyless Entry System Market  Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Automotive Keyless Entry System Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Automotive Keyless Entry System Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Automotive Keyless Entry System Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    DENSO Corporation
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Hella KGaA Hueck and Co.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Continental AG
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Alps Electric Co., Ltd.
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    STMicroelectronics International N.V. 
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Valeo SE
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Microchip Technology Inc.
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    Others
17    Key Trends and Developments in the Market

 

List of Figures and Tables

1.    Global Automotive Keyless Entry System Market: Key Industry Highlights, 2018 and 2032
2.    Global Automotive Keyless Entry System Historical Market: Breakup by Product (USD Billion), 2018-2023
3.    Global Automotive Keyless Entry System Market Forecast: Breakup by Product (USD Billion), 2024-2032
4.    Global Automotive Keyless Entry System Historical Market: Breakup by Application (USD Billion), 2018-2023
5.    Global Automotive Keyless Entry System Market Forecast: Breakup by Application (USD Billion), 2024-2032
6.    Global Automotive Keyless Entry System Historical Market: Breakup by End Market (USD Billion), 2018-2023
7.    Global Automotive Keyless Entry System Market Forecast: Breakup by End Market (USD Billion), 2024-2032
8.    Global Automotive Keyless Entry System Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global Automotive Keyless Entry System Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America Automotive Keyless Entry System Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America Automotive Keyless Entry System Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe Automotive Keyless Entry System Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe Automotive Keyless Entry System Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific Automotive Keyless Entry System Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific Automotive Keyless Entry System Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America Automotive Keyless Entry System Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America Automotive Keyless Entry System Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa Automotive Keyless Entry System Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa Automotive Keyless Entry System Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Global Automotive Keyless Entry System Market Structure

Key Questions Answered in the Report

In 2023, the global automotive keyless entry system market attained a value of nearly USD 1.90 billion.

The market is projected to grow at a CAGR of 12.60% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 5.61 billion by 2032.

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 1.90 billion in 2023, 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 2024-2032, growing at a CAGR of 12.60%. The market is projected to reach USD 5.61 billion by 2032.

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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