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Oct 21, 2022, 02:00 ET
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NEW YORK, Oct. 21, 2022 /PRNewswire/ — Technavio has been monitoring the automotive remote keyless entry system market, operating under the consumer discretionary industry. The report estimates the market to register an incremental growth of USD 1.13 billion, at a CAGR of 12.6% during the forecast period. The major growth will originate from North America by 32%.
Automotive Remote Keyless Entry System Market: Vendor Analysis
The market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
To know additional highlights and critical points on various market segments and their impact in coming years, Download Free Sample Report.
Automotive Remote Keyless Entry System Market: Segmentation Analysis by Vehicle Type
The report extensively covers the automotive remote keyless entry system market segmentation by
The global automotive remote keyless entry system market is anticipated to expand over the course of the projected period due to a rise in vehicle sales. As more cars become technologically advanced, rising demand for passenger vehicles will fuel the growth of the worldwide automotive remote keyless entry market during the forecast period.
Additionally, E-commerce and the growing use of commercial vehicles for transportation both have a significant impact on the expansion of the commercial vehicle industry. Infrastructure development, e-mobility acceptance in business sectors, and rising industrialization all assist the growth of the automotive industry and contribute to rising commercial vehicle demand. Buy Sample Report.
Automotive Remote Keyless Entry System Market: Regional Analysis
The demand for vehicle security systems in North America has been driven by an increase in concern over auto theft. The manufacturing of passenger cars directly affects the market for passenger cars since automotive remote keyless entry systems are a standard feature in all passenger automobiles. The need for security systems that cannot be hot-wired has increased as trucks and LCVs become more electronic-intensive.
Recent years have seen a slight decline in vehicle theft in North America due to the adoption of security systems like strong vehicle tracking systems, remote and passive keyless entry systems, and anti-theft alarm systems. To further lessen the likelihood of theft in the area, consumers and regulatory organizations have consistently urged the deployment of car security systems. Request Free Sample Report.
Automotive Remote Keyless Entry System Market: Key Highlights
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Automotive Remote Keyless Entry System Market Scope
Report Coverage
Details
Page number
120
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Accelerate at a CAGR of 12.6%
Market growth 2022-2026
$1.13 billion
Market structure
Fragmented
YoY growth (%)
12.2
Regional analysis
North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution
North America at 32%
Key consumer countries
US, Canada, China, India, Germany, and Italy
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
Alps Alpine Co. Ltd, ARCO Lock and Security ENTERN LLC, CK Holdings Co. Ltd., Continental AG, Denso Corp., HELLA GmbH and Co. KG, Hyundai Motor Group, Marquardt GmbH, Microchip Technology Inc., Mitsubishi Electric Corp., NXP Semiconductors NV, Robert Bosch Stiftung GmbH, Texas Instruments Inc., Tokai Rika Co. Ltd, Valeo SA, VOXX International Corp., and ZEPPELIN GmbH
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Vehicle Type
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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