Keyless Entry System Market is expected to grow at a CAGR of 11.7% during the forecast period and market is expected to reach US$ 5.88 Bn. by 2029. Keyless entry is also sometimes called passive entry as it allows drivers to enter their vehicle without using a key fob or traditional metal key. While keyless entry systems operate a little differently from one another, most systems will automatically unlock the driver-side door when someone puts their hand on the door handle and has the key and or key fob on their person or in their bag or purse. True keyless entry is extremely convenient and can save drivers from having to dig for their keys when their hands are full or they are in a hurry.To know about the Research Methodology :- Request Free Sample Report
Keyless Entry System Market Dynamics:
Growing adoption of networking solutions to Drive Keyless Entry System The growth in the automobile industry is witnessing exponential growth, as many FDI and key players are investing more in the automobile industry. For instance, in 2020, India was the fifth-largest auto market, with ~3.49 million units combined sold in the passenger and commercial vehicles categories. It was the seventh-largest manufacturer of commercial vehicles in 2019. In the middle-class population, there is a rise in per capita income which results in strong market growth. the remote areas, it is seen that the demand is high for remote entry systems such as in hospitality, governments, and residential areas besides, increasing adoption of driverless, and autonomous cars are supporting the market growth. In developed countries like France, Germany, Japan, US it is seen that there is rising consumer’s awareness towards advanced technologies in-vehicle security system. emerging economies such as India, and China there is high demand for autonomous, semi-autonomous, connected, and integration of smartphones as result, the key players are more targeting this regions. the developed countries, the government stringent regulations for necessary safety equipment’s in the vehicles and rising inclination towards clean and green energy sources as well as increasing sales of the vehicles are driving the market growth. Furthermore, government legislation protecting patient privacy in the healthcare business, as well as an increase in the use of Bluetooth enabled keyless entry systems in the residential sector, present lucrative growth potential for the market. However, the price volatility of semiconductor and other electronic component raw materials may hinder the market growth over the forecast period. The report has profiled key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analysis and report has come up with recommendations for a future hot spot in the North America. Major country’s policies about manufacturing and their impact on Keyless Entry System demand are covered in the report.Keyless Entry System Market Segment Analysis
The Biometrics segment is expected grow at a CAGR of xx% during the forecast period. Based on the Type, in 2022, the Biometrics segment has a market share of xx%, and it is expected to reach USD xx Mn by 2029. The adoption of biometric access systems in government sectors, corporate and public security systems, consumer electronics, and point-of-sale (POS) applications as well as in defense sectors is rising which in turn has increasing the demand for keyless entry systems. Geographical tension between neighboring countries has resulted in many countries like India, Pakistan, China, the US, Israel among others are investing more in their defense sectors, for instance, the US, China, and India has invested $178.6 billion, $140.5 billion, and $65.86 billion. The fingerprint is the second largest segment which is expected to grow at a CAGR of xx% by 2029. The electronic & IT industry is showing a growth in the northward direction, thanks to the rising government's policies and FDI investments. For instance, in countries like India and China, it is seen that there is a rapid increase in the number of electronic devices consumers as well as it is one of the fastest-growing industries in the Asia Pacific, and it is expected that this number will increase by xx.46% during the forecast period.Regional Insights:
Asia Pacific to witness high market growth rate and is expected to grow at a CAGR of xx% by 2029. The Asia Pacific market for Keyless Entry System is expected to rise at a faster pace than the rest of the world by 2029. The market growth in countries like India, China, Indonesia, Malaysia, and Japan is because of rising per capita income in these countries and increase sales of cars. The Government of India encourages foreign investment in the automobile sector and has allowed 100% foreign direct investment (FDI) under the automatic route. With the growth in the automobile industry especially in countries like India and China thanks to the government favorable policies for the automobile industry for instance, in January 2021, fiat chrysler automobiles (FCA) announced an investment of us$ 250 million to expand its local product line-up in India. As a result, manufacturers of keyless entry systems are more focusing on these regions. In October 2021, Kinetic Green, an electric vehicles manufacturer, announced a plan to set up a manufacturing facility for electric golf carts besides a battery swapping unit in Andhra Pradesh. The two projects involving setting up a manufacturing facility for electric golf carts and a battery swapping unit will entail an investment of Rs. 1,750 crore (US$ 236.27 million). The objective of the report is to present a comprehensive analysis of the global Keyless Entry System market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Keyless Entry System market dynamics, structure by analyzing the market segments and project the global Keyless Entry System market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Keyless Entry System market make the report investor’s guide.Keyless Entry System Market Scope:Inquire before buying
Keyless Entry System Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 2.71 Bn. Forecast Period 2023 to 2029 CAGR: 11.7% Market Size in 2029: US $ 5.88 Bn. Segments Covered: by Type Biometrics Fingerprint Facial Recognition Iris Recognition Signature Recognition by Application Card-Based Magnetic Stripe Cards Proximity Cards Smart Cards Keypad Entry Access Systems Remote Access Bluetooth Smartphones/Laptops Others by End users Commercial Industrial Residential by Region North America Europe Middle East & Africa Asia Pacific South America Keyless Entry System Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) North America (United States, Canada and Mexico) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Key Players
1. ASSA ABLOY AB 2. Mitsubishi Electric 3. 3M cogent 4. Delphi Continental AG 5. Denso 6. Alpha electric 7. Hyundai mobis 8. ELLA GmbH & Co 9. Robert Bosch GmbH 10. Valeo 11. ASSA ABLOY AB 12. Safran Group 13. Gemalto NV 14. NEC Corporation 15. Suprema, Inc. 16. Aware, Inc. 17. Daon, INc. 18. Vivint Smart Home Inc. 19. Anviz Global Frequently Asked Questions: 1. Which region has the largest share in Keyless Entry System Market? Ans: Asia Pacific region holds the highest share in 2022. 2. What is the growth rate of Keyless Entry System Market? Ans: The Keyless Entry System Market is growing at a CAGR of 11.7% during forecasting period 2022-2029. 3. What is scope of the Keyless Entry System market report? Ans: Keyless Entry System Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. What is the study period of this market? Ans: The Keyless Entry System Market is studied from 2023 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Keyless Entry System Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Keyless Entry System Market 3.4. Geographical Snapshot of the Keyless Entry System Market, By Manufacturer share 4. Global Keyless Entry System Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Keyless Entry System Market 5. Supply Side and Demand Side Indicators 6. Global Keyless Entry System Market Analysis and Forecast, 2022-2029 6.1. Global Keyless Entry System Market Size & Y-o-Y Growth Analysis. 7. Global Keyless Entry System Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 7.1.1. Biometrics 7.1.2. Fingerprint 7.1.3. Facial Recognition 7.1.4. Iris Recognition 7.1.5. Signature Recognition 7.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.2.1. Card-Based 7.2.2. Magnetic Stripe Cards 7.2.3. Proximity Cards 7.2.4. Smart Cards 7.2.5. Keypad Entry Access Systems 7.2.6. Remote Access 7.2.7. Bluetooth 7.2.8. Smartphones/Laptops 7.2.9. Others 7.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 7.3.1. Commercial 7.3.2. Industrial 7.3.3. Residential 8. Global Keyless Entry System Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Keyless Entry System Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 9.1.1. Biometrics 9.1.2. Fingerprint 9.1.3. Facial Recognition 9.1.4. Iris Recognition 9.1.5. Signature Recognition 9.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 9.2.1. Card-Based 9.2.2. Magnetic Stripe Cards 9.2.3. Proximity Cards 9.2.4. Smart Cards 9.2.5. Keypad Entry Access Systems 9.2.6. Remote Access 9.2.7. Bluetooth 9.2.8. Smartphones/Laptops 9.2.9. Others 9.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 9.3.1. Commercial 9.3.2. Industrial 9.3.3. Residential 10. North America Keyless Entry System Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Keyless Entry System Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 11.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 12. Canada Keyless Entry System Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 12.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 13. Mexico Keyless Entry System Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 13.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 14. Europe Keyless Entry System Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 14.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 15. Europe Keyless Entry System Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Keyless Entry System Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 16.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 17. France Keyless Entry System Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 17.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 18. Germany Keyless Entry System Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 18.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 19. Italy Keyless Entry System Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 19.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 20. Spain Keyless Entry System Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 21. Sweden Keyless Entry System Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 21.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 22. CIS Countries Keyless Entry System Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 22.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 23. Rest of Europe Keyless Entry System Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 23.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 24. Asia Pacific Keyless Entry System Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 24.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 25. Asia Pacific Keyless Entry System Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Keyless Entry System Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 26.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 27. India Keyless Entry System Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 27.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 28. Japan Keyless Entry System Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 28.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 29. South Korea Keyless Entry System Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 29.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 30. Australia Keyless Entry System Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 30.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 31. ASEAN Keyless Entry System Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 31.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 32. Rest of Asia Pacific Keyless Entry System Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 32.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 33. Middle East Africa Keyless Entry System Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 33.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 34. Middle East Africa Keyless Entry System Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Keyless Entry System Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 35.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 36. GCC Countries Keyless Entry System Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 36.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 37. Egypt Keyless Entry System Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 37.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 38. Nigeria Keyless Entry System Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 38.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 39. Rest of ME&A Keyless Entry System Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 40. South America Keyless Entry System Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 40.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 41. South America Keyless Entry System Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Keyless Entry System Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 42.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 43. Argentina Keyless Entry System Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 44. Rest of South America Keyless Entry System Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Type, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 44.3. Market Size (Value) Estimates & Forecast By End users, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Keyless Entry System Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Atmel 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Mitsubishi Electric 45.3.3. 3M cogent 45.3.4. Delphi Continental AG 45.3.5. Denso 45.3.6. Alpha electric 45.3.7. Hyundai mobis 45.3.8. ELLA GmbH & Co 45.3.9. Robert Bosch GmbH 45.3.10. Valeo 45.3.11. ASSA ABLOY AB 45.3.12. Safran Group 45.3.13. Gemalto NV 45.3.14. NEC Corporation 45.3.15. Suprema, Inc. 45.3.16. Aware, Inc. 45.3.17. Daon, INc. 45.3.18. Vivint Smart Home Inc. 45.3.19. Anviz Global 45.3.20. Other key players 46. Primary Key Insights