According to IMARC Group's latest research report, titled “Keyless Vehicle Access Control Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, offers a comprehensive analysis of the industry, which comprises insights on the keyless vehicle access control systems market growth. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global keyless vehicle access control systems market is expected to exhibit a CAGR of 6.2% during 2022-2027.
Keyless Vehicle Access Control Systems Market Outlook:
Keyless vehicle access control systems represent fully automated systems that are equipped with an electronically operated locking feature to secure access to a vehicle. They comprise transmitting and receiving circuits that use radio frequency (RF) modules with quartz crystal vibrators to lock and unlock the doors and start the engine automatically. Keyless vehicle access control systems also utilize sensors and separate control units on the door handle to control automobiles. They also provide remote locking functions and added protection to the vehicles. Consequently, keyless vehicle access control systems are gaining extensive traction over conventional mechanical keys across the globe.
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Keyless Vehicle Access Control Systems Market Growth:
The escalating demand for premium and luxury vehicles, on account of the inflating disposable income levels of individuals, is primarily augmenting the keyless vehicle access control systems market. Furthermore, the expanding automotive sector is positively influencing the global market. Apart from this, the increasing utilization of innovative features, including long-range communication, vehicle temperature information, car security, etc., and the rising advancements in door latch systems are acting as significant growth-inducing factors. Moreover, these features aid in performing numerous functions, such as light control, car alarms, tire pressure monitoring systems, tailgate opening, front and rear seat settings, storing multimedia files, etc., which is also bolstering the market growth. Besides this, the development of advanced product variants by key market players for enhanced convenience and automobile security and continuous improvements in transportation and communication infrastructures are expected to fuel the keyless vehicle access control systems market in the coming years.
Key Market Segmentation:
Competitive Landscape with Key Players:
- Alps Electric Co. Ltd.
- Continental AG
- Denso Corporation
- Lear Corporation
- Marquardt GmbH
- Mitsubishi Electric Corporation
- Robert Bosch GmbH
- Tokai Rika Co Ltd.
- ZF Friedrichshafen AG.
Breakup by System Type:
- Passive Keyless Entry System
- Remote Keyless Entry System
Breakup by Vehicle Type:
- Passenger Vehicle
- Commercial Vehicle
Breakup by End User:
Breakup by Region:
- North America (United States, Canada)
- Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape