Automotive Keyless Entry System Market Share

APAC Market Statistics

Asia Pacific industry is anticipated to hold largest revenue share of 45% by 2037. The growth of the market can be attributed majorly to the presence of a strong mobility network in the region, the growing number of vehicles, as well as the rising demand for advanced technologies amongst vehicle owners. For instance, it was found that more than 2.5 million passenger vehicles in China were sold with driving-assist functions in the first half of 2022. Furthermore, China was stated to be the largest country to produce automobile units which were evaluated to be around 30% of the global vehicle production at the annual rate. Hence, such a higher production is projected to boost the demand for automotive keyless entry system market in the region. The main factor for the largest share of China in the automotive industry is ascribed to the working skills and the number of innovations taking place in the country. Furthermore, the sales volume of automobiles is also very high in the Asia Pacific backed by the growing inclination of population toward the luxurious cars and escalated requirements for passenger vehicles. For instance, in 2021, nearly 34 million units of passenger cars were sold out across Asia pacific.