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(Transportation-News.com, December 14, 2018 )
Stratview Research announces the launch of a new research report on Automotive Keyless Entry Systems Market. This extensive report from Stratview Research, studies Automotive Keyless Entry Systems Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
This Automotive Keyless Entry Systems Market analysis has been segmented in four ways, keeping in mind the interest of all the stakeholders across the value chain.
• By Vehicle Type (Passenger Car, Light Duty Vehicles, Medium- and Heavy-Duty Vehicle)- Passenger car segment is expected to remain the largest market for keyless entry systems.
• By End Market (OEM, Aftermarket)
• By Product Type (Remote Keyless Entry, Passive Keyless Entry)- Remote keyless entry system will be the dominant product type.
• By Region (North America, Europe, Asia-Pacific, Rest of the World)- Asia-Pacific is expected to remain the largest automotive engine oil pan market.
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Automotive Keyless Entry Systems Market Insights
The automotive industry has been leveraging the potential of the electric and electronic components in most of the application areas to enhance passenger comfort and to increase safety and security features in the vehicles. One such example is the keyless entry system that was introduced about 20 years back. The keyless entry system uses integrated circuit that transfers the electromagnetic signals to lock or unlock the vehicle door. This system provides high convenience and enhances the security of the vehicle.
The global keyless entry systems market in the automotive industry offers a good growth opportunity and is expected to witness 6.8% CAGR during the forecast period of 2016 to 2021. Increasing automotive production, stringent vehicle theft prevention regulations, focus on high comfort and convenience, and demand for high security vehicles are the major drivers of the global keyless entry systems market.
The global automotive keyless entry systems market is a highly consolidated market. The key keyless entry system manufacturers are Continental AG, Hella Group, Delphi, Valeo, TRW Automotive, Alps Electric and Mitsubishi Electric Corporation. New product development, capacity expansion and regional expansion are the key strategies adopted by the key players to gain competitive edge in the market.
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Source: EmailWire.Com 
Source: EmailWire.com
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