Global Automotive Keyless Entry System Market Set For 13.3% Growth, Reaching $3.02 Billion By 2029

The Business Research Company's Automotive Keyless Entry System Global Market Report 2025 – Market Size, Trends, And Global Forecast 2025-2034

LONDON, GREATER LONDON, UNITED KINGDOM, June 2, 2025 /EINPresswire.com/ -- This comprehensive study reveals that the automotive keyless entry system market has seen rapid growth in recent years, escalating from $1.66 billion in 2024 to an impressive $1.83 billion in 2025. This represents a compound annual growth rate CAGR of 10.3%. The significant growth during the historical period can be attributed to factors such as consumer demand, robust growth in the automotive industry, strict regulatory standards, increasing vehicle production, and a rising awareness of vehicle security.

What is the projected market size and expansion rate of the automotive keyless entry system industry?

The report shows a predicted swift acceleration in growth over the coming years. The automotive keyless entry system market size is anticipated to surge to $3.02 billion by 2029, implying a CAGR of 13.3%. The notable growth predicted for the forecast period can be attributed to the rise of smart connectivity, burgeoning emerging markets, the advent of electric and autonomous vehicles, soaring consumer expectations, and an overall global increase in vehicle ownership. Major trends identified for the forecast period include integration with connected car technologies, continual technological innovations, the integration of biometric systems, advanced encryption techniques, and more.

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Which factors will contribute to the growth of the automotive keyless entry system market in the future?

The research discloses that the increasing number of high-end vehicles is expected to fuel the growth of the automotive keyless entry system market in the years to come. High-end vehicles, also often classified as luxury vehicles, are marked by their superior quality, advanced features, and a focus on furnishing an exceptional driving experience. Automotive keyless entry systems in these high-quality vehicles offer a seamless and sophisticated user experience, granting secure and convenient access whilst contributing to the overall luxury and technological advancements of the vehicle.

Who are the key players in the automotive keyless entry system market?

The report lists prominent companies currently operating in the automotive keyless entry system market, these include giants like Robert Bosch GmbH, Panasonic Corporation, Denso Corporation, ZF Friedrichshafen AG, Continental AG, Hyundai Mobis Co. Ltd., Mitsubishi Electric Corporation, and Valeo SA, among numerous others.

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How is the automotive keyless entry system innovating?

The study notes that major players in the automotive keyless entry system market are accelerating their focus on introducing phone-as-key systems, a novel technology allowing the use of a mobile phone as a virtual key. Users can lock, unlock, and even start a vehicle using their smartphone, hence gaining a crucial competitive edge in the market.

How is the automotive keyless entry system market categorized?

Insights into market segmentation are also provided in the report:

1 By Product: It includes both Passive Keyless Entry Systems and Remote Keyless Entry Systems
2 By Vehicle Type: Segmented into Passenger Cars, LCV, and HCV
3 By End-Users: It includes the aftermarket and Original Equipment Manufacturers OEMs

What are the major automotive keyless entry system regions?

North America emerged as the largest region in the automotive keyless entry system market in 2024. The report further studies regions like Asia-Pacific, Western Europe, Eastern Europe, South America, the Middle East, and Africa for a global outlook on the market.

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