TechNavio today launched its report, Global Keyless Vehicle Access Control Systems Market 2012-2016, based on an in-depth analysis covering the North Americas, Europe, the APAC regions and the Rest of the World. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Automotive team said: ”The fast-paced growth in the emerging economies such as Asia, Eastern Europe, and Latin America offers a huge growth potential for the Global Keyless Vehicle Access Control Systems market. Despite the global economic slowdown, growth in the East Asia and Pacific region as well as in South Asia (particularly China and India) has been robust. This was mostly due to a massive fiscal stimulus package in China and India’s skillful macroeconomic management. In the coming years, growth prospects are expected in BRIC (Brazil, Russia, India, and China) nations while developed countries are expected to witness static sales or declines. With high competition and saturated markets most of the global automotive firms have shifted their focus to these regions for new growth avenues. Hence, it gives opportunity for various automotive products and solutions across emerging markets.”
According to the report, the increase in automotive production and sales is one of the major growth drivers in the market. In recent years, the Global Automotive market has witnessed a steady growth rate, a trend that is expected to continue in the coming years. Since the Global Keyless Vehicle Access Control Systems market is heavily dependent on the Global Automotive market, a steady growth in this market could boost the demand for Keyless Vehicle Access Control Systems.
Further, the report reveals that the the major challenges in this market are functional and operational issues.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-keyless-vehicle-access-control-s…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Automotive market research, please visit https://www.technavio.com/automotive
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TechNavio Announces the Publication of its Research Report – Global Keyless Vehicle Access Control Systems Market 2012-2016
