According to a new report, published by KBV research, The Global Automotive Keyless Entry System Market size is expected to reach $3.1 billion by 2028, rising at a market growth of 11.4% CAGR during the forecast period.
The Passive Keyless Entry (PKE) System segment is showcasing a CAGR of 14.9% during (2022 - 2028). It is a type of automotive security system that initiates and unlocks the vehicle door when a user with a key approaches the system's operation region around the vehicle. It also allows the driver to start the car with just a push of a button and without having to be put into the vehicle.
The OEM segment acquired maximum revenue share in the Global Automotive Keyless Entry System Market by Sales Channel in 2021, thereby, achieving a market value of $2.24 billion by 2028. When repairing damaged vehicle components, consumers may opt for OEM parts to ensure that replacement parts are entirely suitable for the vehicle and manufactured to the same high standards. OEMs are the original suppliers of a vehicle's equipment, and their items are frequently sold through branded car dealerships and ordered directly from the automaker.
The LCV segment has shown growth rate of 11.9% during (2022 - 2028). The security offered by automotive keyless entry is important to vehicles that comprise consumer goods, which are required to be delivered to various small retail stores safely and as per the quantity assured. Pickup trucks, vans, and three-wheelers qualify as light commercial vehicles, as do all commercially driven goods.
The Asia Pacific market dominated the Global Automotive Keyless Entry System Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.11 billion by 2028. The Europe market is estimated to witness a CAGR of 10.7% during (2022 - 2028). Additionally, The North America market would experience a CAGR of 11.1% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/automotive-keyless-entry-system-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Continental AG, Denso Corporation, Valeo SA, Mitsubishi Electric Corporation, Robert Bosch GmbH, NXP Semiconductors N.V., HELLA GmbH & Co. KGaA, Alps Alpine Co., Ltd., Microchip Technology, Inc., and Tokai Rika Co., Ltd.
By Product Type
By Sales Channel
By Vehicle Type
By Geography
Companies Profiled
Unique Offerings 
