The global automotive remote keyless entry system market produced more than 77 million units in 2016 and is expected to surpass 102 million units by 2021, says Technavio.
Technavio has announced its latest market research report on the global automotive remote keyless entry system market, under its automotive electronics portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like Continental, Delphi, Hella, Mitsubishi Electric, and ZF TRW.
According to Siddharth Jaiswal, a lead analyst for automotive electronics research at Technavio, “The use of smartphones and smartwatches to unlock or lock vehicle doors is primarily driven by the use of broadband and connectivity. These systems have a higher possibility of being hacked, and hence the regulatory bodies across the globe have taken initiatives to improve and standardize safety systems in these vehicles.”
These regulations have initiated quality checks by different companies across the value chain of the manufacturing process. The departments that require mandatory quality checks include manufacturing, hardware and software components, development tools, product assembly, and testing. The government regulations have been initiated to standardize and impose quality requirements across the value chain to improve vehicle security.
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Introduction of 3D gesture in key fob
The latest development in the market includes 3D gesture key fob, which prevents the unlocking of the vehicle during an event of a key theft. This system is a 3-axis MEMS Accelerometer that senses the gravitational force and 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. This innovation will help in the evolution of the automotive market and fuel the demand for these products during the forecast period.
Integration of RKE system with ignition system leading to add-on functionality
The value-added functionality of embedding engine ignition system with keyless entry by eliminating the mechanical key for starting the vehicle will help in the growth of the market. The evolution of electronics is helping in the transformation of the modern ignition system. This new system consists of a push button, which drastically enhances convenience factor to the consumer.
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This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Automotive Remote Keyless Entry System Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Automotive Ventilated Seats Market 2017-2021
- Global Automotive Haptic Technology Market 2017-2021
- Global Automotive Biometric Vehicle Access System Market 2016-2020
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