The global automotive keyless go market is anticipated to grow at a CAGR of 4.2% during the forecast period (2022-2028). It is a technology that allows the vehicle to be started without inserting any key into the ignition. The major factor expected to drive the market growth is the rising adoption of smart technology for vehicle safety and improved convenience, and product development to cater to changing demand patterns. In addition, the rising demand for entry and go keyless systems, and advent of connected cars, and the integration of smartphones have been encouraging vendors to launch advanced and integrated electronic systems in the market that will further drive the growth of the automotive keyless go market during the forecast period. For instance, in 2020, Renault announced the launch of a new version of Duster with keyless entry system technology which also allows starting air-conditioning before getting into the car using the remote engine start.
Additionally, by type segment, both the segments (passive keyless access (PKES) and remote keyless access (RKES) is driven by the common features provided such as it allows the driver to enter and start their car without inserting any physical key into the ignition by performing various actions, such as touching certain areas of the door handle or entering a code on an electronic fob. Whereas, by application segment, original equipment manufacturers (OEMs) is expected to hold significant share in the market during the forecast period owing to the popularity of sophisticated security measures, as well as government safety standards for automobiles along with these the companies are providing a lot of facilities in their cars such as keyless access using a smartphone or tablet app that connects to online services.
Some major players in the market include Alps Electric Co., Ltd., Calsonic Kansei Corp., and Continental AG, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in October 2020, Geotab Inc. announced the launch of a keyless access system for rental companies, car-sharing operators, and pool fleets which offers an instant solution for companies looking for a COVID-safe, and a contactless way to transfer keys between users.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Sales Channel
- By Vehicle Type
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape– Alps Electric Co., Ltd., Calsonic Kansei Corp., and Continental AG, among others.
A full report Automotive Keyless Go Market of is available at: https://orionmarketreports.com/automotive-keyless-go-market/105539/
Global Automotive Keyless Go Market Report by Segment
By Type
- Remote Keyless Entry (RKE) System
- Passive Keyless Entry (PKE) System
By Sales Channel
- Original Equipment Manufacturers (OEMs)
- Aftermarket
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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