Asia Pacific Automotive Keyless Entry System Market Size, Share & Industry Trends Analysis Report By Product Type, By Sales Channel (OEM and Aftermarket), By Vehicle Type (Passenger Cars, LCV, and HCV), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Automotive Keyless Entry System Market would witness market growth of 11.8% CAGR during the forecast period (2022-2028).
The automotive keyless entry system is a new era vehicle access control system that locks and unlocks the vehicle using a remote or portable device. By transmitting the determined coded signals from a certain distance away, the automotive end-user can lock & unlock the vehicle. Automotive keyless entry systems work with pre-programmed programming for advanced vehicle security, which is usually formulated by the automaker. Since the automotive keyless entry system is one of the important components of modern automobiles for increased safety, demand for automotive keyless entry systems is strongly driven by production and sales activities all across multiple regions.
A rolling code, also known as code hopping, can help offer wireless security for keyless entry devices. A rogue device installed near the receiver in a secured property, such as a vehicle or gate captures a remote control transmission and records it while obstructing it from reaching the intended recipient. A repeat transmission attempt is also denied from the desired recipient, but stored in the rogue device, with the counter now increased. As the rogue terminal wasn't discovered before, it can now re-transmit the first message, allowing the authorized individual access to the protected item.
Keyless entry devices eliminate the inconvenience of having to locate one key. Car owners use a short-range remote transmitter to lock and unlock the vehicle with a keyless entry system. The identity chips in these keyless fobs read radio signals transmitted by the car. Automobile owners with keyless entry just place the hand on the door handle, and the car emits a short radio signal. When the fob comes within reach of the radio wave, it activates a response that unlocks the automobile. Likewise, most keyless entry cars in this region have an automatic start button that powers the car when the key is inside. In the Indian automotive market, keyless entry is becoming extremely popular.
For example, the virtual event, on the importance of automotive keyless entry systems in the region excelled a light on how safety and security technology should be given due attention in the hyper-connected and continuously expanding Indian automobile market. The path to an indigenous automobile ecosystem was recognized as involving cyber-security and functional safety, multilevel stakeholder participation, and incentivizing innovation via incentives. Therefore, due to high technological awareness among the regional population, the regional automotive keyless entry system market is expected to grow in the forecast period.
The China market dominated the Asia Pacific Automotive Keyless Entry System Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $315.9 Million by 2028. The Japan market is estimated to grow at CAGR of 11.1% during (2022 - 2028). Additionally, The India market would witness a CAGR of 12.5% during (2022 - 2028).
Based on Product Type, the market is segmented into Remote Keyless Entry (RKE) System and Passive Keyless Entry (PKE) System. Based on Sales Channel, the market is segmented into OEM and Aftermarket. Based on Vehicle Type, the market is segmented into Passenger Cars, LCV, and HCV. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Continental AG, Denso Corporation, Valeo SA, Mitsubishi Electric Corporation, Robert Bosch GmbH, NXP Semiconductors N.V., HELLA GmbH & Co. KGaA, Alps Alpine Co., Ltd., Microchip Technology, Inc., and Tokai Rika Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Product Type
- Remote Keyless Entry (RKE) System
- Passive Keyless Entry (PKE) System
By Sales Channel
By Vehicle Type
- Passenger Cars
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Continental AG
- Denso Corporation
- Valeo SA
- Mitsubishi Electric Corporation
- Robert Bosch GmbH
- NXP Semiconductors N.V.
- HELLA GmbH & Co. KGaA
- Alps Alpine Co., Ltd.
- Microchip Technology, Inc.
- Tokai Rika Co., Ltd.
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