Europe 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 Europe Automotive Keyless Entry System Market would witness market growth of 10.7% CAGR during the forecast period (2022-2028).
The technological improvements in the transportation industry and better communication infrastructure, together with increased awareness of new technologically superior features, will fuel market growth. This technology development prospects are being boosted by the rising popularity of smartphones and other smart devices. Although unlocking a vehicle with a smartphone is becoming more common, most drivers are ready to accept keyless technology due to the gaining of information and, more significant benefits of the automotive keyless entry system. To deploy keyless car access control systems, automotive manufacturers must install various sensors such as sensing devices and a distinct control unit as fixed elements in the vehicles.
The remote control transmitter (encoder) has a counter that is advanced by a push-button on each activation. The manufacturer assigns a unique serial number to each remote control transmitter, which is kept in non-volatile memory in the equipment. This is the device address, which is sent out with each unit activation. The address, as well as control data defined by the pushed button, is sent in transparent text, not encrypted. The counter state, as well as a clone of the location and the data, are encrypted with a device-specific encryption key. The counter is enhanced after transmission. The counter is reset to zero after incrementation further than the highest counter state.
Germany is known around the world for its great automobile sector and engineering competence. Various automobile companies of this region are proactively investing in implementing advancement like automotive keyless entry system. German automobiles represent highly prized traits such as innovation, dependability, safety, and design. This is a prime reason, why manufacturers of this region is ready to bring automotive keyless entry system in each and every automobile.
The country's top-class research and development facilities, extensive industrial value chain connectivity, and highly qualified personnel offer an unrivaled automotive environment. It brought German and foreign automotive suppliers to the region and was the largest foreign direct investment in eastern Germany. For instance, Tesla picked Germany as its new home for a multitude of reasons, including access to Europe's largest economy, a talented labor force, great regional facilities, the legal and economic stability of Germany, and backing from national and regional governments. Therefore, due to increasing number of technologies to support security systems in the automobiles, the regional automotive keyless entry system market is likely to propel in the forecast period.
The Germany market dominated the Europe 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 $211.8 Million by 2028. The UK market is poised to grow at a CAGR of 9.8% during (2022 - 2028). Additionally, The France market would display a CAGR of 11.5% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
- Rest of Europe
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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