North America 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 North America Automotive Keyless Entry System Market would witness market growth of 11.1% CAGR during the forecast period (2022-2028).
A unique method must be undertaken in order to include a remote control transmitter in the system and the training mode should be activated on the receiver end. The receiver saves the obtained address in a gadget table after getting it from the new device. The receiver comes with a built-in shared code key that works with other gadgets from the same vendor. Such individual can calculate the private encryption code of the remote control device utilizing this key and the transmitter's address, and store it in the new transmitter's entry in the data table. It's important aspect that the private encryption code isn't communicated through the internet.
Regional manufacturers have spent the last few years analyzing and creating alternate or supplementary methods for improving the security of a vehicle. The aim is to provide car owners and drivers with digital keys that allow them to lock/unlock the vehicles and turn on the engine using a smartphone or other mobile device. From there, digital keys offer up a slew of automotive use instances that will greatly simplify vehicle access and sharing. Private automobile owners can electronically exchange car keys with family members or friends for a set period of time without having to meet in person.
Customers can digitally transfer car keys with rental car owners, eliminating the requirement to pick up keys at a rental desk. Digital keys allow car owners to control the usage of automobiles from a smart device in a fairly seamless manner. The digital key aims to provide a standardized environment for smartphone-to-vehicle connectivity solutions around the region. The Digital Key Certification resulted from the collaboration of all of these organizations, giving a standardized method to ensure interoperability and execution security. All mobile device OEMs and car manufacturers should be able to use the Digital Key as a result of this. Therefore, due to extensive research and development are done by the regional manufacturing companies, the regional automotive keyless entry system market is expected to grow in the forecast period.
The US market dominated the North America 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 $634.8 Million by 2028, growing at a CAGR of 10.3 % during the forecast period. The Canada market is expected to witness a CAGR of 13.6% during (2022 - 2028). Additionally, The Mexico market is expected to witness a CAGR of 12.6% 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 U.S., Mexico, Canada, and Rest of North America.
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 North America
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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