Tuesday, 17 May 2016

Global Automotive Passive Keyless Entry System Market to grow at a CAGR of 10.6% during the period 2016 - 2020; Finds New Report

Global Automotive Passive Keyless Entry System Market 2016 - 2020

Report forecast the global automotive passive keyless entry system market to grow at a CAGR of 10.6% during the period 2016-2020.

PKE systems are the most advanced keyless entry system currently available. These systems operate with two integrated circuits that act as radio transmitters — one is placed in the key fob and the other inside the vehicle. Both these transmitters have to communicate with each other to lock/unlock vehicle doors and to activate the ignition system.

For instance, a driver carrying the key fob in his pocket needs to touch the door handle that initiates a low-frequency signal from the vehicle to the transmitter in the fob. When the fob receives this signal, it initiates a second high-frequency signal with authentication codes to the vehicle transmitter. As the vehicle receives the second signal, the doors are locked/unlocked, and the ignition system is activated/deactivated.

The report covers the present scenario and the growth prospects of the global automotive passive keyless entry system market for 2016-2020. To calculate the market size, we have considered the global sales of vehicles (passenger cars [PCs] and commercial vehicles) installed with PKE systems in addition to the aftermarket sales of PKE systems in 2015 and estimated the unit shipments until 2020.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • Europe

According to the report, a growth driver will be rising vehicle sales in emerging markets and in turn, demand for PKE systems. Over the past few years, the demand for automobiles in developed countries has been volatile due to the economic slowdown. However, emerging markets have witnessed robust growth in automobile sales due to strong economic growth, ideal population demographics, and elevated purchasing power of consumers. The growth in emerging markets, with ongoing industrialization and global trade activity, especially in the BRIC countries, has been vigorous.

Further, the report states that one challenge that could restrict market growth is the vulnerability in keyless entry systems.

Global Automotive Passive Keyless Entry System Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global automotive passive keyless entry system market: Continental, Hella, Valeo, and ZF TRW.

Other Prominent Vendors in the market are: Alps Electric, Atmel, Denso, Hyundai MOBIS, Marquardt, and Mitsubishi Electric.

Market driver
  • Rise in automotive sales to increase demand for PKE systems in emerging markets
  • For a full, detailed list, view our report

Market challenge
  • Vulnerabilities in keyless entry system
  • For a full, detailed list, view our report

Market trend
  • Growing demand for entry and go
  • For a full, detailed list, view our report

Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

Spanning over 62 pages and 29 Exhibit Global Automotive Passive Keyless Entry System Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by end-market, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://mrr.cm/JYN

Related Report;

Global Bike Car Rack Market 2016-2020 - Visit at - http://mrr.cm/JYx

Find all Automotive reports at: http://www.marketresearchreports.com/automotive

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