Keyless Ignition System Market

Global Keyless Ignition System Market Size (2024 to 2029)

The global keyless ignition systems market size is expected to reach USD 2.97 billion in 2024 and reach USD 4.78 billion by 2029, growing at a CAGR of over 10% during the forecast period 2024 to 2029

A keyless vehicle access control system is a fully automated system that contains an electronic appearance feature, which secures access to the vehicle electronically and replaces the conventional mechanical key. It allows physical access to the vehicle to the user and allows the locking and unlocking operation without using the conventional mechanical key for safety and great convenience for the driver. The keyless entry system unlocks the vehicle using Bluetooth unlocking systems, RFID locks, electronic locks, and biometric scanning, which ensure access to the vehicle.

The growing demand for connected cars and smartphone integration will encourage marketers to bring advanced and integrated electronic systems to market. Additionally, increased regulatory policies focused on vehicle safety and increased sales of luxury cars are also driving a market boom.

MARKET DRIVERS

The growing demand for keyless entry and exit systems is driving the growth of the automotive keyless ignition systems market. The rising emphasis on increasing the functionality of these systems by integrating them with other vehicle components is supposed to initiate the launch of new product portfolios to the market. Despite multiple disapprovals and failures since its inception, keyless ignition is gradually entering the market and is now available on various conventional vehicles equipped with turbocharged gasoline direct injection engines. Although adoption levels remain lower due to cases of carbon monoxide poisoning, keyless ignition is expected to gain traction in the automotive market with the growing preference for convenience in car models. Additionally, the keyless ignition has been successfully released amid past reminders of ignition problems. Recent death incidents and a lack of universal standards for keyless ignition are likely to affect adoption levels. However, according to NHTSA, by following basic safety guidelines and the dealer's manual, vehicles equipped with automotive keyless ignition systems are likely to be successful on the roads for years to come.

MARKET RESTRAINTS

The reliability of automotive ignition systems is always in doubt due to past incidents of faulty automotive ignition systems and related recalls by giants of the automotive industry. On the list of auto-ignition system recalls, General Motors, Nissan, Chrysler, and Toyota, among others, are highly regarded for the reliability of their auto parts. Thousands of passengers, as well as commercial vehicles, have been recalled due to ignition switch problems. Although innovations are at the center of the automotive ignition systems market, recalls related to automotive ignition systems continue to call into question the reliability of long-term innovations in the global keyless ignition systems market.

REPORT COVERAGE

REGIONAL ANALYSIS

The North American automotive keyless ignition systems market had the largest share of the global market due to the preference for luxury vehicles and the increasing adoption of these systems for vehicle safety in the area. Asia-Pacific is expected to record the highest growth rate due to increased demand for automotive security systems in countries such as China, India, and Japan. China is one of the largest automotive markets in the world. In 2018, vehicle production and sales volumes were lower than expected at the beginning of the year due to political and microeconomic factors. However, sales of new energy vehicles continued to increase rapidly while exports also grew rapidly. The demand for keyless access systems in the Chinese market, as well as the Indian market, is increasing rapidly as several Chinese and Indian companies launch vehicles with keyless entry functions, which will lead to the growth of the automotive market of keyless in China and India.

KEY PLAYERS IN THE GLOBAL KEYLESS IGNITION SYSTEM MARKET

TRW Automotive Holdings Corporation (US), Atmel Corporation (US), Calsonic Kansei Corporation (Japan), Continental Automotive GmbH (Germany), Delphi Automotive (Ireland), Denso Corporation (Japan), HELLA KGAA Hueck & Co. (Germany), ARCO Lock & Security ENTERN LLC (US), Hyundai Mobis (South Korea), Robert Bosch GmbH (Germany). These are the market players that dominate the global keyless ignition system market.

RECENT HAPPENINGS IN THE KEYLESS IGNITION SYSTEM MARKET

• Atmel® Corporation (NASDAQ: ATML), a leader in microcontroller and touch technology solutions, launched its next-generation 4-channel PKE (Passive Keyless Entry) coil controllers with an integrated immobilizer base station. Upgradable to 8 channels of low frequency (LF), the new Atmel ATA5291 is the world's most integrated passive input coil driver, enabling automakers to offer the latest cutting-edge technology in a variety of PKE applications.

• Atmel® Corporation (NASDAQ: ATML), a leader in microcontrollers and touch screen solutions, today announced the availability of a new secure ultra-low-power micromodule transponder based on an Atmel AVR® microcontroller (MCU).
• TRW Automotive Holdings Corp. (NYSE: TRW), the world leader in automotive security systems, announced the launch of its first integrated remote keyless control (RKE) and direct tire pressure monitoring (TPMS) system with a major Japanese automaker. The system offers RKE and TPM functions with fewer parts.

DETAILED SEGMENTATION OF THE GLOBAL KEYLESS IGNITION SYSTEM MARKET INCLUDED IN THIS REPORT

This research report on the keyless ignition system market is segmented and sub-segmented into the following categories.

By Vehicle Type

• Passenger cars
• Light commercial vehicle
• Heavy commercial vehicle

By Sales Channel

• OEM
• Aftermarket

By Product Type

• Passive keyless entry system
• Remote keyless entry system

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa