Automotive Keyless Entry Access System Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 10.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Europe |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Automotive Keyless Entry Access System Market Analysis
The Automotive keyless entry access system market was valued at USD 1.6 billion in 2021 and is anticipated to reach USD 2.68 billion by 2027, at a CAGR of more than 10% during the forecast period.
The COVID-19 pandemic had brought unprecedented disruptions to many industries, and the automobile industry was among the most disrupted ones. Vehicle production and sales decreased across the world in 2020 due to lockdowns and a halt in manufacturing activities across the world. However, by 2021 the market started picking up pace and is expected to grow significantly during the forecast period.
Over the medium term, growing demand for connected cars and the integration of smartphones are expected to encourage vendors to launch advanced and integrated electronic systems in the market creating a positive outlook for the market. Additionally, the increasing regulatory policies that focus on vehicle safety and increased sales of luxury cars are also likely to augment market growth.
Further, the implementation of vehicle security systems in developed countries (such as the United States and Western Europe) and emerging countries (such as China and India) is expected to boost the demand for these systems in the market. The implementation of telematics, keyless entry systems, digital clusters, and high-end infotainment systems is gaining immense traction in the global automotive market.
Moreover, data communication between these keyless access systems and the vehicle is generally powered by RF or Bluetooth signal, thereby increasing the risk of cyberattacks. In addition, the limited availability of service centers and the high cost of repair and maintenance are expected to restrain the market growth.
Europe and North American regions followed by the Asia-Pacific region expected to play a significant role in the market during the forecast period. The growth in revenue and share of these regions is owed to increased participation of the region's leading automotive companies, and favorable technological infrastructure coupled with rising consumer inclination towards safety and comfort features in vehicles.
Automotive Keyless Entry Access System Market Trends
Increased Penetration of Keyless Entry for Passenger Cars to Enhance Market growth
The growing demand for entry and go keyless systems is fueling the growth of the automotive keyless entry system market. The growing focus on increasing the functionality of these systems by integrating it into other vehicle components is expected to initiate the launch of new product portfolios in the market.
The evolution of automotive electronics enabled vendors to design the modern ignition system and change it into a push-button. This system is combined with an ignition system, which receives signals from the key fob to activate the ignition. Such high-end systems will transform the automotive industry over the forecast period.
Major automobile manufacturers are investing heavily in keyless entry access systems. Many automobile companies are launching new models and the new version of old models with keyless entry access system technology.
- In March 2020, Renault launched a new version of Duster with keyless entry system technology. The technology also allows starting air-conditioning before getting into the car using the remote engine start.
- South Korean automobile manufacturers Kia and Hyundai are investing in research and development of the Keyless Entry Access System. In February 2020 Kia launched Carnival with a keyless entry access system and in March 2020, Hyundai launched a new version of Creta with the keyless entry access system.
Such developments over forecast period to further increase and likely to create notable positive impact on the market.
European Region is Expected to Witness Highest Growth During Forecast Period
The automotive industry has been proactive in embracing new safety technologies, and the adoption of car security systems is set to increase demand in the market. Governments across Europe, have taken several initiatives mandating the installation of certain safety features in vehicles, especially cars. These developments are expected to propel awareness about car security systems during the forecast period. For instance,
- In March 2019, The European Parliament, Council, and Commission (the EU institutions) reached a provisional political agreement on the revised General Safety Regulation. The 15 new safety features have become mandatory from 2022, except for direct vision for trucks and buses and an enlarged head impact zone on cars and vans, which will follow later due to the necessary structural design changes.
Moreover, the presence of outdated and basic security systems in economic and low-end cars has led to rising keyless theft incidents. To prevent this, manufacturers are working towards integrating multiple standalone systems that offer more robust and modern car security modules in both low-end and high-end cars.
- In July 2019, German General Automobile Club (ADAC) conducted a series of tests on 237 vehicles with keyless entry and found that about 230 of them were worryingly easy to break into using cheap electronic equipment called relay boxes.
In addition, the growing need of adopting advanced technologies in developing car security systems is rising day by day in wake of increasing car thefts especially cyber threats through hacking.
The aforementioned factors and instances are anticipated to contribute significantly to improving Europe position in the overall market share during the forecast period.
Automotive Keyless Entry Access System Industry Overview
The Automotive Keyless Entry Access System Market is consolidated. Some of the major players are Continental Automotive GmbH, Denso Corporation, Atmel Corporation, HELLA KGAA Hueck & Co., Alps Electric Co. Ltd, and Omron Automotive Electronics Co. Ltd, among others. The key players operating in the market are focused on adopting several growth strategies like expansion, product innovations, etc. For instance,
- In June 2021, HELLA launched a digital car key with ultra-wideband technology. With HELLA Smart Car Access, end users can lock and unlock their cars completely hands-free and can also start the engine without having to pick up a classic remote key or a smartphone. From a distance of 50 meters, the mobile device is automatically detected and recognized by the vehicle.
In addition, partnerships, acquisitions, and collaborations of automakers with digital giants to develop new keyless entry technology to counter future risks anticipated to propel the market growth. For instance,
- In January 2021, Audi, BMW, Ford, and Genesis entered into an agreement with Samsung to offer technology that will let people unlock and start their vehicle without a key instead they will be unlocked using smartphones i.e., through a digital key.
Automotive Keyless Entry Access System Market Leaders
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Continental Automotive GmbH
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Denso Corporation
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Atmel Corporation
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HELLA KGAA Hueck & Co
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Alps Electric Co. Ltd
*Disclaimer: Major Players sorted in no particular order
Automotive Keyless Entry Access System Market News
- In May 2022, Alps Alpine Co., Ltd. announced the joint development of a wireless digital key system with Giesecke+Devrient GmbH, a German company that develops security solutions. This co-developed system complies with the Car Connectivity Consortium (CCC) global standard. Both companies plan to expand sales of the system with the aim of adopting it for vehicles to be launched in the market in 2025.
- In February 2022, Grupo Antolin announced that it has made a clear commitment to diversify its portfolio of products inside the car to face the changes that the vehicle is experiencing and be a participant in them. Grupo Antolin stated that it is developing systems such as vehicle remote access systems (Keyless Entry Systems), Driver Monitoring Systems, and decorative modules with built-in displays, among others.
- In December 2021, , LETIN, an electric vehicle brand in China, completed the production start-up of the all-new 4-door Mengo Pro small battery electric vehicle at its plant in Weifang, Shandong Province. In terms of configuration, the vehicle is equipped with a keyless entry/start system, a 9-inch intelligent console screen, an intelligent voice control system and a millimeter-radar Blind Spot Detection (BSD) system.
- In January 2021, United Automotive Electronic Systems Co., Ltd. (UAES) announced that its first Bluetooth digital key rolled off the production line at its plant in Liuzhou, Guangxi. The product utilizes Bluetooth Low Energy and multiple Bluetooth antennas to calculate the location of the smart phone in relation to the vehicle. which allows the user to perform keyless entry and start a vehicle with a smartphone. In addition, this digital key also supports functions such as vehicle locking and unlocking, starting the vehicle, activating the welcome light, and key sharing.
Automotive Keyless Entry Access System Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size in Value USD billion)
5.1 By Product Type
5.1.1 Passive Keyless Entry (PKE) System
5.1.2 Remote Keyless Entry (RKE) System
5.2 By End-User
5.2.1 Aftermarket
5.2.2 Original Equipment Manufacturer (OEMs)
5.3 By Vehicle Type
5.3.1 Passenger Cars
5.3.2 Commercial Vehicles
5.4 By Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Spain
5.4.2.5 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 India
5.4.3.3 Japan
5.4.3.4 South Korea
5.4.3.5 Rest of Asia-Pacific
5.4.4 Rest of the world
5.4.4.1 South America
5.4.4.2 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Alps Electric Co.Ltd
6.2.2 Atmel Corporation
6.2.3 Calsonic Kansei Corporation
6.2.4 Continental Automotive GmbH
6.2.5 Delphi Automotive
6.2.6 Denso Corporation
6.2.7 EyeLock Corporation
6.2.8 HELLA KGAA Hueck & Co.
6.2.9 Hyundai Mobis Co.Ltd
6.2.10 Marquardt Switches Inc.
6.2.11 Mitsubishi Electric Corporation
6.2.12 Omron Automotive Electronics Co. Ltd
6.2.13 Panasonic Corporation
6.2.14 TRW Automotive Holdings Corp
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Automotive Keyless Entry Access System Industry Segmentation
Automotive Keyless entry access systems allow the person to unlock and lock the doors to the vehicle without using a key. Most modern vehicles are equipped with a basic keyless entry system that includes a short-range remote transmitter. The scope of the Automotive Keyless Entry Access System Market covers segmentation by Product Type, End-user, Vehicle type, and Geography.
By Product type, the market is segmented into Passive Keyless Entry (PKE) Systems and Remote Keyless Entry (RKE) systems). By End-user, the market is segmented into OEM and Aftermarket.
By Vehicle Type, the market is segmented into Passenger Cars and Commercial Vehicles. By Geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the world. For each segment, market sizing and forecast have been done on basis of value (USD billion).
| By Product Type | |
| Passive Keyless Entry (PKE) System | |
| Remote Keyless Entry (RKE) System |
| By End-User | |
| Aftermarket | |
| Original Equipment Manufacturer (OEMs) |
| By Vehicle Type | |
| Passenger Cars | |
| Commercial Vehicles |
| By Geography | |||||||
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Automotive Keyless Entry Access System Market Research FAQs
What is the current Automotive Keyless Entry Access Systems Market size?
The Automotive Keyless Entry Access Systems Market is projected to register a CAGR of greater than 10% during the forecast period (2024-2029)
Who are the key players in Automotive Keyless Entry Access Systems Market?
Continental Automotive GmbH , Denso Corporation , Atmel Corporation , HELLA KGAA Hueck & Co and Alps Electric Co. Ltd are the major companies operating in the Automotive Keyless Entry Access Systems Market.
Which is the fastest growing region in Automotive Keyless Entry Access Systems Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Automotive Keyless Entry Access Systems Market?
In 2024, the Europe accounts for the largest market share in Automotive Keyless Entry Access Systems Market.
What years does this Automotive Keyless Entry Access Systems Market cover?
The report covers the Automotive Keyless Entry Access Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Keyless Entry Access Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Automotive Keyless Entry Access System Industry Report
Statistics for the 2024 Automotive Keyless Entry Access System market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Automotive Keyless Entry Access System analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
