Automotive Keyless Entry Systems Market to Thrive in North America www.marketresearchfuture.com
Market Highlights: recently published an exhaustive study on the global automotive keyless entry systems market. 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. They facilitate access to a vehicle within a certain range without a key. Their functioning is based on the transfer of radio frequency signal exchange which provides advanced safety features. Vehicle theft activities have been a long-standing problem and have reached an almost epidemic stage. Car theft is followed by huge economic loss, insurance, and deductibles, and potential waiting periods for insurance settlements. Thus, there has been an increased affinity and consumer acceptance towards automotive advanced safety systems such as automotive keyless entry systems. Report Sample: https://www.marketresearchfuture.com/sample_request/7756
Segmentation: The 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. Browse Complete Report Details: https://www.marketresearchfuture.com/reports/automotive-keyless-entry-systems-market-7756
Regional Analysis: By 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. High sales of luxury cars and increased adoption rate of vehicle security system across the region is favoring the growth of the market. The APAC automotive keyless entry systems market is anticipated to register the highest CAGR over the forecast period. The region is a major producer as well as co0nsumer of new vehicles. The presence of various automotive OEMs who are increasingly incorporating keyless entry systems in vehicles have generated high demand within the market. The region is marked with the presence of automotive service and solution providers such as Denso Corporation, Calsonic Kansei Corporation, and Hyundai Mobis who contribute to the market growth significantly. Moreover, heightened demand for automotive safety systems in fast-developing countries such as China, Japan, and India are supporting market growth. In Europe, the concentration of various automotive OEMs in the region along with large scale automotive manufacturing generates demand within the automotive keyless entry systems market.
Industry Updates May 2019 - Lincoln, Ford's luxury car division, is set to launch its midsize 2020 Aviator and compact 2020 Corsair variants in 2019 which come with a unique feature. The variants would be launched with a standard fob, however, customers can choose to use its app-based 'Phone as a Key' feature by paying extra. It is powered by Bluetooth Low Energy (BLE) connection.
Competitive Landscape Denso Corporation (Japan), Continental Automotive GmbH (Germany), Hyundai Mobis (South Korea), Atmel Corporation (US), HELLA KGAA Hueck & Co. (Germany), Robert Bosch GmbH (Germany), ARCO Lock & Security ENTERN LLC (US), Delphi Automotive (Ireland), Calsonic Kansei Corporation (Japan), and TRW Automotive Holdings Corporation (US) are the notable players in the automotive keyless entry systems market.
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