About Two-wheeler Keyless Entry System
Keyless entry systems eliminate the use of mechanical keys. Thus, they offer better security and convenience to two-wheeler owners. These systems replace the key with an ignition button and conventional ignition lock with a transponder fob (with a flip-out key for backup). In addition, keyless entry systems allow the locking and unlocking of the steering lock and fuel filler flap. In some models, such as BMW and BMW GT/GTL, the storage compartments locks are controlled by the transponder. The penetration of keyless entry systems in the OEM market is low, and only few luxury two-wheelers are equipped with such systems. In addition, keyless entry systems are provided by OEMs in most of the models as an optional feature. However, OEMs will be equipping more models with this system during the forecast period, as the technology matures. Most of the demand for keyless entry systems is arising from the aftermarket segment, as the product is cheaper.
Technavio’s analysts forecast the global two-wheeler keyless entry system market to grow at a CAGR of 10.43% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global two-wheeler keyless entry system market for 2017-2021. To calculate the market size, the report considers the total sales volume of the keyless entry system used in a two-wheeler.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Two-wheeler Keyless Entry System Market 2017-2021
Technavio recognizes the following companies as the key players in the global two-wheeler keyless entry system market: ZF Friedrichshafen, Continental, Delphi, Valeo, and Hella.
Other Prominent Vendors in the market are: Alps Electric, Atmel, DENSO Corporation, Marquardt, Mitsubishi Electric, and Lear Corporation.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Introduction of 3D gesture in key fob. Key fobs, which are a part of keyless entry systems, have been in use since few years. This system is still vulnerable as during the event of a key theft, the holder of the key is free to operate the two-wheeler. This is cited to be preventable with the help of a 3D gesture key fob. According to a publication from the International Journal of Science and Research (IJSR), a 3-axis MEMS Accelerometer that senses gravitational force recognizes the air gesture once exerted upon the key fob. A cryptographic algorithm is deployed, and the key fob communicates using an encrypted code that changes every time the key fob is used. All these developments enhance the security of the system.”
According to the report, one of the major drivers for this market is Rising sales of luxury motorcycles in APAC. APAC is witnessing an increase in the number of HNWIs. The growth of HNWIs in APAC is expected to drive the sales of premium motorcycles. The markets in India and China are likely to observe an increase in the sales of premium motorcycles during the forecast period. It has also been observed that the global premium motorcycle OEMs are shifting their focus to the developing markets in APAC.
Further, the report states that one of the major factors hindering the growth of this market is Risk associated with keyless entry system. Keyless entry systems are a concern for two-wheeler 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.
ZF Friedrichshafen, Continental, Delphi, Valeo, and Hella, Alps Electric, Atmel, DENSO Corporation, Marquardt, Mitsubishi Electric, and Lear Corporation.
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