Exponential demand for advanced features in connected vehicles such as telematics, keyless entry systems, digital clusters, and high-end infotainment systems will transform the automotive keyless entry system market. The adoption advanced automotive electronics solutions will create lucrative opportunities for leading vendors in the industry. The focus on automotive safety systems such as anti-theft alarms, GPS tracking devices, keyless entry system, and central-locking systems will propel the adoption of automotive keyless entry system in the global market. The automotive keyless entry system market is projected to grow at CAGR of more than 7% by 2018-2023.

The leading five vendors to occupy the largest automotive keyless entry system market share are:

1.    Aptiv

APtiv is the leading provider of on-glass products including keyless entry, tire pressure monitoring, power terminals, antenna assemblies, and other custom connector assemblies for automotive electronics. The company is focusing on optimizing the manufacturing output and capitalizing on the growth opportunities in the fast-growing automotive markets, especially in China and India. The development of electric and hybrid automobiles by Aptiv will propel the growth of the automotive keyless entry system market.

Key news: Aptiv is developing innovative products through collaboration with customers in its 14 major technical centers worldwide. The company believes in collaborative development, hence, works closely with OEMs in developing new products in the automotive keyless entry system market.

2.    Continental

Continental offers a varied range of vehicle access control components such as start/stop systems, immobilizers, remote and passive keyless entry systems, and bi-directional keys. The company is focusing on exploring means to integrate other vehicle functions such as tire pressure monitoring systems, and infotainment systems with vehicle access control components in the automotive keyless entry system market. Continental is developing technology to help the cars communicate with each other and steer its way through the traffic with the help of new generation of intelligent networked systems.

Key news: Continental recently, partnered with IBM to develop autonomous driving systems for cars. The company aims to make use of IBM’s experience in cloud-based platforms and embedded systems development along with its system expertise in automotive electronics in the automotive keyless entry system market.

3.    Hella

Hella operates majorly via three business units, among which automotive business unit is divided into automotive lighting and automotive electronics divisions. The automotive division offers keyless entry system under its body control product line. Apart from the OEM market, the company offers aftermarket services in the global automotive keyless entry system market. The company also offers work lights, front lights, headlights, taillights, beacons, and interior lights with halogen, xenon, and LED technology for the lighting system in the global automotive keyless entry system market.

Key news: In FY2016-2017, Hella generated revenue worth around $8 billion. The business activities of the Hella are divided into four segments such as automotive lighting, automotive electronics, aftermarket, and special applications.

4.    Valeo

Valeo is active in automotive electronics and one of the key products in this segment include its range of keyless entry systems which is a part of its interior electronics business division. The company offers both remote and advanced passive keyless entry systems with emphasis on connectivity and IoT. The company introduced InBlue brand which offers latest products in the automotive keyless entry system market and is expecting to be ahead of the curve in combining connectivity, IoT, and keyless entry systems into a single solution.

Key news: Valeo entered into a joint venture with Siemens in 2016 to form a new venture named Valeo Siemens eAutomotive, dedicated to high voltage powertrains. The company will focus on strong growing automotive electrification in the automotive keyless entry system market.

5.    ZF TRW Automotive

ZF TRW has a strong product portfolio in the automotive keyless entry system market for OEMs and the aftermarket. The company’s RKE system consists of a key fob, an ECU, and an in-key transmitter. The company integrated its traditional RKE system with a tire pressure monitoring function. It claims this system to have reduced the space required and reduced system weight and wiring complexity which in return has reduced the material and assembly cost, making it one of the most competitively priced in the market.

Key news: ZF TRW has a strong presence in the North American market supplying its keyless entry solutions to the major US-based OEMs such as GM, RAM Trucks, and Kenworth, among others. Its future strategy is to increase its presence in growing automotive keyless entry system market such as Asia.

Other prominent players in the market are Advanced Keys, Alps Electric, Bosch, Calsonic Kansei, Denso, Directed Electronics, Hyundai Mobis, Lear Corporation, Marquardt, Microchip Corporation (Atmel), Mitsubishi Electric, OMRON Automotive Electronics, Panasonic, Tokai Rika, and Voxx International.