Need for Better Security Propels Global Automotive Keyless Entry System Market

Automotive Industry

Market Research Hub (MRH) has added a new research report to its ever-growing online repository. The research report, titled “Global Automotive Passive Keyless Entry System Market 2016-2020,” provides an extensive evaluation of the global automotive passive keyless entry system market. The research report has been put together using primary and secondary research methodologies for the period of 2016 and 2020. According to the research report, the passive key entry systems (PKE) market will grow at a rapid pace due to technological advancements. For a holistic view of the market, researchers have studied the market from a political, economic, legal, environmental, and technological point of view.

The report indicates that passive keyless entry systems are exceptionally advanced systems in the automotive world. They work with the help of two integrated circuits that perform the function of radio transmitters. One of these circuits is placed in the key fob while the other inside the vehicle for establishing a communication channel to unlock and lock doors as well for activating and deactivating ignition.

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The primary growth driver for the global automotive passive keyless entry systems market is the manufacturing and sale of automobiles with automatic vehicle identification systems in transit junctions. Hitherto, a combination of mechanical locks and keys was used for accessing vehicles. However, as the owner of this locking and unlocking method remains unverifiable, the automotive sector has developed advanced locks that do not need keys. Furthermore, they are also equipped with technologies that enable verification of the owner. Such advancements come in the wake of increasing crimes and the constant strategizing by law-enforcing agencies to safeguard vehicle owners against thefts. Several manufacturers are working towards integrating sophisticated biometric solutions to deliver unique outputs.

Despite strong market drivers, the global automotive passive keyless entry system market faces a few challenges. The biggest hurdle in the way of its growth is the volatile nature of the economy as any kind of an economic slowdown has had a history of impacting the automotive sector in the worst possible ways. However, emerging economies, which now have an improved purchasing power and a strong presence of manufacturing units, are expected to contribute towards the expansion of this market.

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The research report profiles some of the top players operating in the global automotive passive keyless entry systems market. The companies mentioned in this research report are Continental, Valeo, ZF TRW, and Hella. The report evaluates the expansion plans, financial overview, investment outlook, research and development strategies, business and marketing strategies, and strategic mergers and acquisitions of top players for the coming few years. For a holistic outlook, the industry experts have studied the historical data pertaining to this market and compared it to the current market situation to prepare a trajectory of the global automotive passive keyless entry system market for the near future.

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