The Global Market for Keyless Vehicle Access Control Systems is Projected to Reach 64.9 Million Units by 2020

Desire for Convenience & Foolproof Security Drives the Keyless Vehicle Access Control Systems Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Keyless Vehicle Access Control Systems market. The global market for Keyless Vehicle Access Control Systems is projected to reach 64.9 million units by 2020, driven by the growing importance of safety, security, convenience and comfort features and functions in an automobile.   

Growing demand for smart convenience features is providing the foundation for growth in the keyless vehicle access control systems market. Consumers are increasingly demanding features that make the car more easier to operate and pleasurable to own. The most prized innovation in comfort and security is the keyless vehicle access control system. Defined as an electronic system that permits access to the car without the conventional mechanical key, the keyless vehicle access control system is today a de facto standard in most cars. Push-button key fob, also called Remote Keyless Entry (RKE), is a standard fixture in almost every car. The system is currently deployed in all cars ranging from the low-end compact economy cars to mid-to-high-end cars. Market for these systems is extremely competitive, commoditized and saturated. Shrinking profit margins as a result of intense competition and pricing pressures characterizes the RKE market worldwide. The market in North America is particularly mature with over 80% of all new vehicles sold coming pre-installed with the most basic keyless access control system.

While stable automobile production is fuelling growth in the OEM market, rising passenger car density and aging vehicles are spurring opportunities in the aftermarket. With a large number of factory keyless entry (FKE) systems being user programmable, the resulting ease in installation of aftermarket systems is an advantage for the replacement market. User programmable FKE require only a working key to access the programming mode. In comparison, FKE systems which are not user programmable require specialized computer “tools” to access the automobile’s programming interface, effectively locking the customer to the OEM dealers and their service departments. Additionally, remote keyless entry systems in the aftermarket typically have higher frequency ranges and longer antennas, as manufacturing of these devices are not guided by regulatory bodies.

Future growth in the market will be driven by technology advancements that combine convenience with foolproof security. Although a challenge to keyless vehicle access control systems, the rising incidents of hacking is encouraging auto OEMs to confront hacking threats by investing in the development of advanced, complex and difficult to hack keyless technologies. Anti-hacking R&D will be focused on passive keyless entry (PKE) systems. Although currently still a niche technology, PKE is nevertheless poised for a period of strong growth, as the technology steadily makes its way towards the mainstream market. While a number of car brands offer pre-installed PKE systems, higher cost of PKE over RKE remains a major hindrance to widespread adoption.

As stated by the new market research report on Keyless Vehicle Access Control Systems, Europe represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 7.7 % over the analysis period, led by factors such as growing GDP per capita, rising employment levels, improving standard of living, development of road infrastructure, rise in automobile thefts and stringent motor vehicle theft prevention regulations.  

Major players covered in the report include Alps Electric Co., Ltd, Atmel Corporation, Calsonic Kansei Corporation, Continental Automotive GmbH, Delphi Automotive PLC, Antaya Technologies Corporation, Denso Corporation, EyeLock Corporation, HELLA KGaA Hueck & Co., Lear Corporation, Marquardt Switches, Inc., Mitsubishi Electric Group, Omron Automotive Electronics Co. Ltd., Panasonic Corporation of North America, Tokai Rika Co, Ltd., Valeo S.A., and ZF TRW among others.

The research report titled “Keyless Vehicle Access Control Systems: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, product innovations and strategic industry activities of major companies worldwide. The report provides market estimates and projections for sales of Keyless Vehicle Access Control Systems in Thousand Units for all major geographic markets- US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, South Korea, and Rest of Asia-Pacific), Latin America, and Rest of World. The global market for Keyless Vehicle Access Control Systems is also analyzed by the segments Remote Keyless and Passive Keyless Systems.

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