Market Challenges of Automotive Keyless Entry System Market 1 | Page 3

Automotive Keyless Entry Market Size and Forecast
The Worldwide Automotive Keyless Entry System Market has been segmented on
the basis of product type which include Remote key-less Entry and Passive Keyless Entry. Over the years, Remote keyless entry system has gained rapid adoption
among the consumers due to the convenience and added security from vehicle
theft making it the most predominant vehicle entry system globally. This system
was initially introduced in luxury vehicle segment and latter was adopted in mass
mid-segment vehicles during late 1990’s. In 2015, Remote key-less Entry was the
largest segment and accounted for around 70 million units. The Remote key-less
Entry segment is expected to grow at a CAGR of around 5% between 2015 and
2021