Automotive Keyless Entry Systems Market Demand, Leading Global Companies and Regional Average Pricing Analysis by 2030
Market Highlights Automotive keyless entry systems include passive keyless entry (PKE) systems and remote keyless entry (RKE) systems. The RKE system functions with the transfer of radio frequency signal from a remote transmitter to a control module/receiver in the vehicle, where the signal sends an encrypted data stream directly to the car. The passive keyless entry (PKE) system provides drivers access to a vehicle without even pressing a button within a certain area from the vehicle. This system works with proximity sensors to determine the presence of drivers within a specific area. The global automotive keyless entry systems market is expected to witness ~6.8% CAGR during the forecast period. The automotive keyless entry system market is primarily driven by the rise in demand for vehicle safety and security features along with the introduction of advanced electronic vehicle entry systems. A rise in automotive production, demand for luxury vehicles, and awareness about sophist