Automotive Keyless Entry System Market: Industry Analysis and Forecast (2024-2030), Trends, Statistics, Dynamics, Segmentation

Automotive Keyless Entry System Market Overview

The automotive keyless entry system market has shown steady growth due to increased demand for modern automobiles fuelled by development and urbanization. With an increase in purchasing power of people, the drive for luxury and automation has increased, which is one of the significant drivers of this industry. Automotive Keyless entry systems with comfort ensure tremendous security of the vehicles; they are rapidly eliminating the usage of traditional key methods for unlocking/locking automobiles.

 

Automotive keyless entry systems (KES) are devices that enable the user to perform functions like lock/unlock/open boot trunks of automobiles remotely. These systems appeared in the market during the 1980s and were used by automobile manufacturers like Ford and Lincoln. With the advancement in technology, these systems can also remotely start the engines. Automotive keyless entry systems operate using short-range radio transmitters that transmit radio signals within a range of 5-20 meters.

 

The effect of the COVID -19 pandemic on the automotive keyless entry systems market is devastating, with the market experiencing negative demand. The industry has remained stagnant from 2019 to 2021 but has indeed shown upward progress.

 

 

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Technology advancement in the electronification of vehicles

 

The demand for automotive keyless entry systems (KES) is expected to rise due to the shifting focus of power trains from internal combustion engines to electronically operated cars. Battery-powered vehicles allow easy integration of these systems in mobiles and other advanced features possible with IoT advancement.

 

The shift to EV-operated vehicles is evident in developed countries like the USA, Europe, etc. With climate change, the reduction in emissions is the main agenda for the nations around the globe; thus E.V. market is expected to gain momentum in ASEAN countries. The sale of E.V. vehicles has risen by a staggering 108 percent compared to 2020, reaching 6.7 million units.

 

Increase in Development and Stringent Security Norms

 

The demand for autonomous, semi-autonomous, IoT integrated automobiles is fuelled by the development and increasing complexity of technology; thus, the automotive keyless entry systems (KES) market appears to be at an advantage. Increased security awareness among the users and stringent security policies implemented in developed countries are significant drivers of this market.

 

The USA has formulated NHTSA (National Highway Traffic Safety Administration) to mitigate security risks and prevent vehicle intrusion and cyber-attacks. The National Highway Traffic Safety Administration's (NHTSA) mission is to work with the automobile sector to proactively solve vehicle cybersecurity concerns and continue looking for ways to lessen associated safety hazards. The (NHTSA) promoted the Development of Auto-ISAC, an industry-wide effort to raise cybersecurity awareness and collaboration in the automobile industry.

 

Automotive Keyless Entry System Market Segmentation Analysis

The Automatic Keyless Entry Systems (KES) market is segmented by product, end-users, vehicle type, and geographical region in this report.

 

By product type, Automatic keyless entry systems is segmented into Remote Keyless Entry systems (RES) and Passive Keyless Entry (PES) systems. Passive keyless entry systems are advanced versions of RES, and they can lock/unlock doors when the user is in proximity triggered by a card or a mobile device. RES (Remote keyless entry systems dominate the automobile market and is expected to grow at a CAGR of 5.8 percent, while PES has applications in the higher grade automobile market.

 

Further, automotive keyless entry systems are used in passenger, light, and heavy motor vehicles. The sales of original equipment manufacturers and aftermarket cars are expected to grow steadily, boosted by economic development. The application of automatic keyless entry systems is majorly in passenger vehicles thus, it holds a significant market share.

 

China is the largest exporter of automotive keyless entry systems, followed by South Korea and Hong Kong, with major import markets being India, USA, and Israel.

 

 

Automotive Keyless Entry System Regional Analysis

The quality of automobiles manufactured has grown exponentially over the past decade with an increase in the makers' number of features and safety systems. Due to the rise in demand, automakers seek advancements in features to gain a competitive advantage, and this drives the market of automotive keyless entry systems in a positive direction.

 

In the developed markets of American and European markets, keyless entry systems make the list of essential features to gain an advantage in the modern car market. The car market in the USA is recovering to return to pre-pandemic levels; car manufacturers achieved a sale of 3.2 million units in 2021. The United States of America is the current leader in the market for automotive keyless entry systems (KES).

 

The market of KES is set to experience gain momentum in the Asia-Pacific region, with the rise in population, urbanization and development stimulating demand for modern upper-tier cars. Countries like India and China are expected to be at the forefront of creating market opportunities for automotive Keyless entry systems in the Asia-Pacific region. Despite the pandemic affecting the industry, OEM's sales in India rose by 660 thousand units to 30 lakhs in 2021. China is the largest market for motor vehicles accounting for 32 percent of sales for 2021.

 

This report aims to analyze current market trends and potential opportunities to enhance growth to succeed in the industry. The report identifies factors influencing market dynamics and development of the automotive keyless entry system market and how this will control investment during the forecasting period. The report studies regional markets to provide valuable insights into revenue and predicted value; information also includes the competitive landscape of key industry players and their recent developments.

 

Through comprehensive research supported by qualitative and quantitative data, this report provides essential information on the market behavior during the projection period (2022-2027). It also recognizes dominant segments in the market, projects their development, and identifies new elements that will dominate with technological advancements.

 

 

The report contains detailed analyses through Porter's five forces model to determine the industry's structure and help devise a corporate strategy for the market. The model reports provide essential information about stakeholders' influence, product quality, substitute products, etc. The report also analyses whether the automotive keyless entry system market is accessible for new competitors to gain a foothold, whether they enter or exit the market regularly, and if a few players dominate it.

 

A measured approach is adopted through Pestel analysis to quantify factors including government policies, economic structure, and political situations that will affect the development of this sector. Economic variables aid in studying financial performance drivers that impact the Automotive keyless entry system Market. The report also considers environmental and legal factors that may affect the progress in this industry.

 

Automotive Keyless Entry System Market Scope:

Automotive Keyless Entry System Market
Market Size in 2023	USD 1.64 Bn.
Market Size in 2030	USD 1.64 Bn.
CAGR (2024-2030)	10%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Product RKE (Remote Keyless entry) PKE (Passive Keyless entry)
	By End-User OEM After Market
	By Vehicle Type Passenger vehicle Light Commercial vehicles Heavy commercial vehicles
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Major Competitors

The automotive Keyless Entry system demands innovation and progress in a continuously changing landscape with new government policies and development. Thus, significant players often opt for strategies to invest in research and more recent technologies to be market-ready. Details profiles about the competitors, including revenue, market size, analysis, and technological advancements, are covered in this report.

 

• Alps Electric (Japan)
• Aptiv PLC (Ireland)
• Atmel Corporation (USA)
• Continental AG (Germany)
• Denso Corporation (Japan)
• Hella KGAA Hueck & Co (Germany)
• Hyundai Mobis (South Korea) 
• Microchip Technology (USA)
• Mitsubishi Electric Corporation (Japan)
• NXP Semiconductors (Netherlands)
• Robert Bosch GmBH (Germany)
• Valeo (France)
• ZF Friedrichshafen AG (Germany)