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Keyless Entry System Market

Integration with IoT Devices Creating New Opportunities for Keyless Entry System Market

Keyless Entry System Market Type (Biometrics, Facial Recognition, Iris Recognition, Signature Recognition, Fingerprint)

Keyless Entry System Market Outlook (2023 to 2033)

The Market for Keyless Entry System was valued at US$ 4,590.4 Million in 2022, and it is anticipated to have grown to US$ 14,020.7 Million by the end of 2033. The market for keyless entry system is estimated to evaluate to US$ 5,012.7 Million in 2023 and is estimate to grow at a CAGR of 10.8% from 2023 to 2033.

Keyless entry systems are electronic systems that allow a user to unlock, lock, or start a vehicle or a building without the use of a physical key. Instead of a key, keyless entry systems use a remote control, a smart card, or a biometric scan to authenticate the user and provide access.

In the case of vehicles, keyless entry systems are becoming increasingly popular as they offer convenience and security. They typically consist of a key fob that the user carries with them, which sends a signal to the vehicle when the user approaches. The vehicle then automatically unlocks, and the user can start the engine with the push of a button.

In buildings, keyless entry systems may use smart cards or biometric scans to grant access to authorized individuals. These systems can be more secure than traditional key-based systems, as it is harder to duplicate or steal a smart card or biometric data than a physical key. Keyless entry systems can also be more convenient, as users do not need to carry a key with them at all times.

The keyless entry system consists of 25% share of the global PC accessories market.

The keyless entry system market in North America held 26.2%, which is the uppermost market share in the worldwide landscape in 2022 and is projected to retain its position within the forecast period. The demand for keyless entry system in the Europe region it held around 17.3% of the market in 2022.

Keyless Entry System Market Size (2023)

US$ 5,012.7 Million

Projected Market Value (2033)

US$ 14,020.7 Million

Global Market Growth Rate (2023to 2033)

10.8%

Commercial Sector Market Share (2022)

38.5%

India Market Growth Rate (2023 to 2033)

14.3%

Card-Based Market CAGR (2022)

17.3%

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What Drivers will act for the Growth of Keyless Entry System Market?

“The Increasing Demand for Convenience and Comfort Will Boost the Keyless Entry System Market”

The increasing demand for convenience and comfort is expected to be one of the major drivers for the growth of the keyless entry system market. Keyless entry systems offer a high level of convenience and comfort to users by eliminating the need for keys. With just a push of a button or a touch, the user can unlock or lock the vehicle, which is especially useful for people who are always on the move.

Moreover, keyless entry systems also offer additional features such as remote start, which allows the user to start the engine without having to physically enter the vehicle. This feature is particularly useful during hot or cold weather, as the user can start the engine and activate the air conditioning or heating system to adjust the temperature inside the car before getting in.

Overall, the convenience and comfort provided by keyless entry systems are expected to increase their popularity and adoption, which in turn will boost the growth of the keyless entry system market.

Overall, the demand for mobility is a significant driver of the keyless entry system market, and it is expected to continue to drive growth in the coming years.

  • In December 2022, Assa abloy has completed its Procurement of Janam, a top manufacturer of portable readers and laptops in the United States of America. With this purchase, HID's event access portfolio has been expanded to consist of handheld readers for scanning tickets with NFC and barcode technology.
  • In June 2022, Omvos announced a crowdfunding initiative for its Vida-a-gogo electric scooter. The vehicle would 400W motor, will have speed up to 30 kmph and would include a keyless remote start and an anti-theft wheel locking system.
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Why is Demand for Keyless Entry System increasing across United States of America?

“The Growing Security Concerns in United States of America Will Boost the Demand for Keyless Entry System Market in United States of America”

The United States has witnessed an increase in crime rates, including theft and burglary, and homeowners and business owners are becoming increasingly concerned about the security of their properties. Keyless entry systems provide an additional layer of security as they are more difficult to pick or duplicate compared to traditional keys.

Furthermore, keyless entry systems can provide real-time access control, allowing homeowners and business owners to monitor who enters and exits their property, and when. This can help to deter potential intruders and provide peace of mind to the property owners.

In addition to this, keyless entry systems can be integrated with other security systems, such as video surveillance and alarm systems, providing a comprehensive security solution for the property.

Overall, the growing security concerns in the United States of America are likely to drive the demand for keyless entry systems, as consumers look for ways to enhance the security of their homes and businesses. Keyless entry systems provide a convenient and secure solution that can help to prevent unauthorized access and protect against potential security threats.

The United States of America had market share in keyless entry system of 19.2% in the 2022.

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What Factors Allow India to Be a Major Market for Keyless Entry System?

“The Growing Automotive Industry in India Will Led Boost the Keyless Entry System Market”

The report of national investment promotion and facilitation agency of the Indian Ministry of Commerce, India is one of the fastest-growing and fourth largest automotive markets in the world, and the demand for advanced features and technologies in vehicles is increasing rapidly. Keyless entry systems are becoming increasingly popular as they offer convenience and security to the users.

Indian consumers are becoming more tech-savvy and are looking for vehicles with advanced features such as keyless entry systems. These systems allow users to unlock, lock, and start their vehicles without the use of physical keys, making it a more convenient option. Keyless entry systems can also enhance the security of the vehicle by reducing the risk of theft, as it is more difficult to steal a car that uses a keyless entry system.

Overall, the growing automotive industry in India and the increasing demand for advanced features and technologies in vehicles are likely to drive the demand for keyless entry systems in the market. Keyless entry systems offer convenience, security, and compliance with safety regulations, making them a desirable feature for Indian consumers.

The Indian market will grow with CAGR of 14.6% over the forecasted period.

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What Factors Are Allowing Keyless Entry System to Grow in China?

“The Presence of Global Electronics Manufacturers in China Will Boost the Keyless Entry System Market”

The keyless entry system market is a rapidly growing market in China. Many global electronic companies who manufactures the different electronic parts has manufacturing bases in the china due to the availability of electronic components, low cost of labours etc.

As the demand for keyless entry systems is increasing, global electronics manufacturers are likely to Invest more in China to tap into this growing market. This could lead to increased competition and innovation, which could drive down prices and make keyless entry systems more affordable for not only for the chinese consumers but for the all consumers over the world.

Additionally, China has a large consumer market, and the demand for keyless entry systems is likely to increase as more people seek to improve their home security and convenience. The presence of global electronics manufacturers in China could help to meet this growing demand by providing high quality and affordable keyless entry systems.

Overall, the presence of global electronics manufacturers in China is likely to boost the keyless entry system market in the country by increasing competition, innovation, and affordability.

The keyless entry system market in china will grow with CAGR of 15.9% over the forecasted period.

Category-wise Insights

What Are Different Factors Allow Commercial Sector in Keyless Entry System to Dominate the Market?

“Keyless Entry Systems Can Be Integrated with Other Security Systems That Will Drive the Demand for Commercial Keyless Entry System Market”

Integrating keyless entry systems with other security systems is an important factor that drives the demand for commercial Sector keyless entry systems. By integrating keyless entry systems with other security systems, such as Keyless Entry System, alarm systems, and building automation systems, commercial users can create a comprehensive security solution for their buildings.

The keyless entry system is integrated with a CCTV system; the system can be set up to record video footage every time someone enters or exits the building. This can be helpful in identifying any suspicious activity and can help in investigations in case of any security breaches.

Integrating keyless entry systems with building automation systems can also provide added convenience and security. For example, an employee can be granted access to a specific area of the building only during certain times of the day, and the building automation system can automatically adjust the lighting and temperature of that area accordingly.

Overall, integrating keyless entry systems with other security systems provides commercial users with a more comprehensive and effective security solution, which is a key driver for the demand for commercial keyless entry systems.

The commercial Sector in the keyless entry system market had highest market share of 38.5% in 2022.

What Factors Are Influencing the Demand for Card-Based Recognition in Keyless Entry System Market?

“The Card-Based Recognition Systems Can Be Customized and Cost Effective Will Boost the Keyless Entry System Market”

The customization and cost-effectiveness of card-based recognition systems are important factors that can boost the keyless entry system market.

Customization is important because different commercial users have different security requirements. By customizing the card-based recognition system to fit the specific needs of a particular user, the system can be optimized for security, convenience, and functionality.

For example, the system can be set up to allow certain users to access only certain areas of the building, or to grant temporary access to visitors during certain times of the day. This level of customization provides benefit to commercial users and can help to drive demand for card-based recognition systems.

Cost-effectiveness is also an important factor that can boost the keyless entry system market. Compared to traditional keyed locks, card-based recognition systems can be more cost-effective in the long run as they require less maintenance and can last longer. This is especially important for commercial users who need to manage multiple access points and want to reduce the cost of maintaining and replacing traditional keyed locks.

Overall, the combination of customization and cost-effectiveness makes card-based recognition systems an attractive option for commercial users, which can drive the demand for keyless entry systems in the market.

The segment holds the uppermost CAGR of 17.8% for forecasted period.

Competitive Landscape

The keyless entry system companies choose to target companies, facilities and end-users that require the assistance of security features and infrastructure. The companies are focusing on development of the keyless entry systems technology development.

  • In April 2022, The Alps Alpine Ltd and global security technology group has joined hands to develop a wireless digital key systems and that will be fully compliant with the uniform worldwide requirement released by the Car Connectivity Consortium.
  • In December 2022, The Genesis announces the world’s first keyless access face recognition technology on its SUV GV60, this will be the first SUV in the world to include cutting-edge facial recognition technology for biometric car entry and engine start.

Recent developments related to key players providing keyless entry system market solutions have been tracked by the analysts at Persistence Market Research, which will be accessible in the full report.

Keyless Entry System Market Report Scope

Attribute

Details

Forecast Period

2023 to 2033

Historical Data Available for

2018 to 2022

Market Analysis

US$ Million for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

Key Countries Covered

  • United States
  • Canada
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia & New Zealand
  • GCC Countries
  • Turkey
  • Israel
  • Northern Africa
  • South Africa

Key Market Segments Covered

  • Type
  • End User
  • Recognition
  • Region

Key Companies Profiled

  • ASSA ABLOY AB
  • Safran Group
  • Gemalto NV
  • NEC Corporation
  • Suprema, Inc.
  • Aware, Inc.
  • Daon, INc.
  • Vivint Smart Home Inc.
  • Anviz Global
  • Others.

Pricing

Available upon Request

Key Segments of Keyless Entry System Market Industry Research

By Type:

  • Biometrics
  • Facial Recognition
  • Iris Recognition
  • Signature Recognition
  • Fingerprint

By End User:

  • Residential
  • Industrial
  • Commercial

By Recognition:

  • Card-Based
  • Magnetic Stripe Cards
  • Proximity Cards
  • Smart Cards
  • Keypad Entry Access Systems
  • Remote Access
  • Bluetooth
  • Smartphones/Laptops
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • Middle East and Africa

- Companies Covered in This Report -

  • Assa Abloy AB
  • Safran Group
  • Gemalto
  • NEC Corporation
  • Suprema, Inc.
  • Aware, Inc.
  • Daon, INc.
  • Vivint Smart Home Inc.
  • Anviz Global
  • Others

- Frequently Asked Questions -

In 2022, the market value keyless entry system were US$ 4,590.4 Mn.

The global keyless entry system market is estimated to advance at 10.8% CAGR through 2033.

The market for keyless entry system is forecasted to climb to US$ 14,020.7 Mn by 2033 end.

Demand for keyless entry system market in china is projected to rise at a CAGR of 15.9% over the forecast period.

In 2022, the North America keyless entry system market held a dominant market share of 26.2%.

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