Automotive Keyless Entry System Market Analysis

Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles)

The global automotive keyless entry system market is segmented and analyzed for demand and supply by vehicle type segment into passenger cars, light commercial vehicles, and heavy commercial vehicles. Amongst these segments, the passenger cars segment is anticipated to garner the largest revenue by the end of 2037, backed by the growing number of cars along with the surge in the sale of passenger cars worldwide. Automotive keyless entry systems can be installed separately on these cars with some sort of additional assistance. For instance, the global unit sales of passenger cars are expected to reach around 70,000,000 vehicles in 2026. Hence, the escalation in production and sales volume of these cars is associated with the higher demand for automotive keyless entry systems.

Sales Channel {Original Equipment Manufacturer (OEM), Aftermarket}

The global automotive keyless entry system market is also segmented and analyzed for demand and supply by sales channel into original equipment manufacturer (OEM) and aftermarket. Out of these sub-segments, original equipment manufacturer (OEM) is estimated to witness significant growth globally over the forecast period. The growth of the segment is ascribed to the need for the credibility of automotive keyless entry systems since original equipment manufacturers are more authentic than aftermarket sellers. Purchasing automotive keyless entry systems from original equipment manufacturers also prevents the possibility of pre-installed bugs that can compromise the safety of the car. 

Our in-depth analysis of the global market includes the following segments: