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(Transportation-News.com, March 05, 2019 )
As per the latest market intelligence report published by Stratview Research, the Automotive Keyless Entry Systems Market is progressively growing at an excellent CAGR of 6.8% in the forecasted period.
The research studies Automotive Keyless Entry Systems Market in the trend period of 2010 to 2015 and forecasted period of 2016 to 2021 under four segments by Vehicle type (Passenger Car, Light Duty Vehicle, and Medium & Heavy Duty Vehicle), by System Type (Remote and Passive), by End Market (OEMs and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016-2021
The study finds –
Asia-Pacific region is expected to be the growth engine of the global keyless entry systems market in the next five years, driven by emerging economies, such as China and India.
Passenger car segment is expected to remain the largest market for keyless entry systems, driven by High demand for better comfort and security vehicles and increasing car production.
Passive keyless entry system (PKE) is likely to witness the fastest growth during the forecast period as it offers higher convenience and better security to the vehicle than traditional remote keyless entry system.
Click here to read the detailed description: https://www.stratviewresearch.com/159/automotive-keyless-entry-systems-market.html
Go through the TOC: https://www.stratviewresearch.com/toc/159/automotive-keyless-entry-systems-market.html
Keyless Entry Systems Market in the Automotive Industry: Highlights
The automotive industry has been leveraging the potential of the electric and electronic components in most of the application areas to enhance passenger comfort and to increase safety and security features in the vehicles. One such example is the keyless entry system that was introduced about 20 years back. The keyless entry system uses integrated circuit that transfers the electromagnetic signals to lock or unlock the vehicle door. This system provides high convenience and enhances the security of the vehicle.
The global keyless entry systems market in the automotive industry offers a good growth opportunity and is expected to witness 6.8% CAGR during the forecast period of 2016 to 2021. Increasing automotive production, stringent vehicle theft prevention regulations, focus on high comfort and convenience, and demand for high security vehicles are the major drivers of the global keyless entry systems market.
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Stratview Research
Ritesh Gandecha
+1-313-307-4176
sales@stratviewresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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