Technavio, a tech-focused market research firm, has published a new report on the global keyless entry systems market, which is expected to grow at a CAGR of more than 9% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global keyless entry systems market into the following key regions: the Americas, APAC, and EMEA.
Source: Technavio
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Keyless entry systems market in the Americas: The market for keyless entry systems in the Americas is driven fundamentally by the presence of many global financial institutions and large companies in the region. The US and Brazil are the key revenue contributing countries owing to rapid technological advances across various industries. Technavio’s research analysts estimate the keyless entry systems market in the Americas to account for a revenue of more than USD 23 billion by 2021.
According to Sunil Kumar Singh, a lead analyst at Technavio, specializing in research on human machine interface, “Greater acceptance of access control systems among the government, transportation, healthcare, and BFSI sectors for access to PCs, networks, and servers of organizations and to facilities such as data centers in the region is expected to facilitate further growth of the keyless entry systems market in the Americas during the forecast period.”
Keyless entry systems market in EMEA: The growing demand for keyless access control systems in the government and BFSI sectors, owing to the increase in security concerns, is the key driving force behind the growth of the keyless entry systems market in EMEA. Furthermore, the growth in economies such as the UAE, Saudi Arabia, South Africa, and Nigeria is resulting in the large-scale construction of public infrastructure in the Middle East and Africa. The increase in the construction of public infrastructure and development of tourism during the forecast period is also expected to propel the demand for keyless entry systems in the region.
Keyless entry systems market in APAC: The BFSI and government sectors in India, China, South Korea, Japan, and Australia are the highest adopters of access control systems. According to Technavio’s industry analysts, the keyless entry systems market in APAC is expected to register growth at a CAGR of more than 16% between 2017 and 2021.
The leading vendors operating in the global keyless entry systems market are:
- Atmel
- Continental Automotive
- Delphi Automotive
- HELLA
- Mitsubishi Electric
- 3M Cogent
- Allegion
- AMAG Technology
- Gemalto
- Honeywell Security
- IriTech
- 3M Cogent
- AGNITIO
- BioEnable
- BIO-key
- Crossmatch
- HID Global
- Iris ID
- M2SYS Technology
- Motekforce Link
- NEC
- Nuance Communications
- Qualisys
- Safran
Other prominent vendors in the market include Airborne Biometrics, Animetrics, Anviz Global, Avalon Biometrics, Aware, BioLink Solutions, DERMALOG Identification Systems, Diamond Fortress, Fingerprint Cards, Fulcrum Biometrics, Futronic Technology, Idex ASA, IGSUS, Inception Technologies, Precise Biometrics, RCG Holdings, SecuGen, Suprema, and Tekno Electro Solutions.
A more detailed analysis is available in the Technavio report titled, ‘Global Keyless Entry Systems Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Mobile Augmented Reality Market 2017-2021
- Global Augmented Reality Market 2017-2021
- Global Mobile Augmented Reality and Virtual Reality Apps Market 2016-2020
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