Global Automotive Passive Keyless Entry System Market 2016-2020 - Rise in automotive sales to increase demand for PKE systems in emerging markets - Research and Markets
Research and Markets has announced the addition of the "Global Automotive Passive Keyless Entry System Market 2016-2020" report to their offering.
The global automotive passive keyless entry system market to grow at a CAGR of 10.6% during the period 2016-2020.
Global Automotive Passive Keyless Entry System Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the present scenario and the growth prospects of the global automotive passive keyless entry system market for 2016-2020. To calculate the market size, we have considered the global sales of vehicles (passenger cars [PCs] and commercial vehicles) installed with PKE systems in addition to the aftermarket sales of PKE systems in 2015 and estimated the unit shipments until 2020. The report also includes a discussion of the key vendors operating in this market.
PKE systems are the most advanced keyless entry system currently available. These systems operate with two integrated circuits that act as radio transmitters one is placed in the key fob and the other inside the vehicle. Both these transmitters have to communicate with each other to lock/unlock vehicle doors and to activate the ignition system.
A growing trend influencing technological innovation and introduction of new features is the increased demand for entry and go systems in vehicles. The traditional ignition system requires a mechanical key to connect two electric circuits that initiate the spark in the engine block, which serves the purpose of security and engine ignition. However, with the evolution of electronics, modern ignition system has transformed into a push button, which drastically enhances the convenience factor. This system was largely used in high-end and luxury vehicles due to its high price and convenience, the adoption rate of PKE with go system in luxury cars reached 88% in 2014. However, post 2008, OEMs have been adopting push button ignition in their mid-segment vehicles.
According to the report, a growth driver will be rising vehicle sales in emerging markets and in turn, demand for PKE systems. Over the past few years, the demand for automobiles in developed countries has been volatile due to the economic slowdown. However, emerging markets have witnessed robust growth in automobile sales due to strong economic growth, ideal population demographics, and elevated purchasing power of consumers. The growth in emerging markets, with ongoing industrialization and global trade activity, especially in the BRIC countries, has been vigorous.
Further, the report states that one challenge that could restrict market growth is the vulnerability in keyless entry systems.
- ZF TRW
Other prominent vendors
- Alps Electric
- Hyundai MOBIS
- Mitsubishi Electric
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by end-market
- Global automotive PKE system segmentation by end-market 2015-2020
- Global automotive PKE system market for OEMs
- Global automotive PKE system market for aftermarket
PART 07: Geographical segmentation
PART 08: Market drivers
- Rise in automotive sales to increase demand for PKE systems in emerging markets
- Convenience offered by keyless entry to increase adoption
PART 09: Impact of drivers
PART 10: Market challenges
- Vulnerabilities in keyless entry system
- Biometric to replace keyless entry system
- Increasing cost pressure from demand side
PART 11: Impact of drivers and challenges
PART 12: Market trends
- Growing demand for entry and go
- Advancements in semiconductor and wireless technology
- Increasing adoption of automatic vehicle identification system in transit junctions
PART 13: Vendor landscape
- Competitive scenario
- Other prominent vendors
PART 14: Key vendor analysis
PART 15: Appendix
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