About the Automotive Passive Keyless Entry Systems 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.
For instance, a driver carrying the key fob in his pocket needs to touch the door handle that initiates a low-frequency signal from the vehicle to the transmitter in the fob. When the fob receives this signal, it initiates a second high-frequency signal with authentication codes to the vehicle transmitter. As the vehicle receives the second signal, the doors are locked/unlocked, and the ignition system is activated/deactivated.
Technavio’s analysts forecast the global automotive passive keyless entry system market to grow at a CAGR of 10.6% during the period 2016-2020.
Covered in this report
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 market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Passive Keyless Entry System Market 2016-2020
Technavio recognizes the following companies as the key players in the global automotive passive keyless entry system market: Continental, Hella, Valeo, and ZF TRW.
Other Prominent Vendors in the market are: Alps Electric, Atmel, Denso, Hyundai MOBIS, Marquardt, and Mitsubishi Electric.
Commenting on the report, an analyst from Technavio’s team said: “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.
Continental, Hella, Valeo, ZF TRW, Alps Electric, Atmel, Denso, Hyundai MOBIS, Marquardt, Mitsubishi Electric.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook