Dec 19, 2017   SOURCE: PR NewsWire

Global Automotive Keyless Entry System Market Trends Report 2017-2021: Virtual Key Entry System / Immobilizer Increasing Effectiveness of Keyless Entry System / Introduction of 3D Gesture in Key Fob

DUBLIN, Dec. 19, 2017 /PRNewswire/ --

The "Global Automotive Keyless Entry System Market 2017-2021" report has been added to Research and Markets' offering.

http://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

The global automotive keyless entry system market to grow at a CAGR of 7.56% during the period 2017-2021.

The report covers the present scenario and the growth prospects of the global automotive keyless entry system market for 2017-2021. To calculate the market size, the report considers the global unit sales of vehicles (passenger cars and commercial vehicles) installed with keyless entry system as well as aftermarket sales of keyless entry systems. An automotive keyless entry system consists of two types of technologies: RKE system, whose functionality is entry into the vehicle, and PKE system, which operates as an entry-and-go functionality.

One trend in the market is virtual key entry system. Research says that almost 68% of US adults used smartphones in 2016, which was 35% in 2011 and this number is expected to grow in the future. Moreover, there were about 210 million of connected car on roads in 2016, and this number is expected to double by 2021. With the era of the Internet of things, devices are getting connected. According to experts, there will be around 50 billion connected objects by 2020.

According to the report, one driver in the market is increase of sales of automobiles in developing economies. The demand for keyless entry system is dependent on the sales of the vehicles. OEMs, such as Toyota, are planning to increase their production capacity. As a result, the firm has planned to relocate its auto production unit to Mexico by 2019 to meet the growing demand for SUVs and crossovers in the US and Canada. The new plant will also manufacture its flagship model, namely, Corolla. In 2016, General Motors launched SUVs, crossovers, and sedans in the US to capture the market. For the past few years, China has become the largest automotive market in the world. In 2016, the passenger cars market in China recorded a growth of about 4% with SUVs and crossovers contributing the most.

Further, the report states that one challenge in the market is risk associated with keyless entry systems. Keyless entry systems are a concern for vehicle security, as they use radiofrequency or microwave to be exchanged between the fob and the receiver unit in the vehicle, which is prone to hacking. Thus, although the system is convenient to use, it is riskier than the traditional key. Keyless entry systems have been perceived as secure and convenient, but the system is susceptible to various loopholes that can be misused. The system is a communication between the key fob and the vehicle, which is carried though radio frequency and can be easily hacked. At the DEF CON hacking convention held in Las Vegas in August 2015, ethical hackers discussed numerous techniques that could be used to hack into a vehicle that is equipped with either RKE or PKE systems.

Key vendors

    --  ZF Friedrichshafen
    --  Continental
    --  Delphi
    --  Valeo
    --  HELLA

Other prominent vendors

    --  Alps Electric
    --  DENSO
    --  HYUNDAI MOBIS
    --  Marquardt
    --  Mitsubishi Electric
    --  Lear Corporation
    --  OMRON Corporation

    --  Advanced Keys

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

    --  Automotive keyless an overview:
    --  Product lifecycle: Vehicle entry system
    --  Regulatory impact
    --  Automotive keyless entry system design technology
    --  Value chain

PART 05: Market landscape

    --  Market overview
    --  Market size and forecast
    --  Five forces analysis

PART 06: Market segmentation by product

    --  Global automotive keyless entry system market by product type
    --  Global automotive keyless entry systems market by RKE
    --  Global automotive keyless entry systems market by PKE

PART 07: Geographical segmentation

    --  Global automotive keyless entry system market by geography
    --  Global automotive keyless entry system market in Americas
    --  Global automotive keyless entry system market in EMEA
    --  Global automotive keyless entry system market in APAC

PART 08: Decision framework

PART 09: Drivers and challenges

    --  Market drivers
    --  Market challenges

PART 10: Market trends

    --  Virtual key entry system
    --  Immobilizer increasing effectiveness of keyless entry system
    --  Introduction of 3D gesture in key fob

PART 11: Vendor landscape

    --  Competitive scenario
    --  Other prominent vendors

PART 12: Key vendor analysis

    --  ZF Friedrichshafen
    --  Continental
    --  Delphi
    --  Valeo
    --  HELLA

PART 13: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/66jzss/global_automotive?w=5

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

View original content:http://www.prnewswire.com/news-releases/global-automotive-keyless-entry-system-market-trends-report-2017-2021--virtual-key-entry-system--immobilizer-increasing-effectiveness-of-keyless-entry-system--introduction-of-3d-gesture-in-key-fob-300573174.html

SOURCE Research and Markets