Market Challenges of Automotive Keyless Entry System Market 1 | Page 4

Automotive Keyless Entry Geographic Segmentation
The Worldwide Automotive Keyless Entry System Market has been segmented on the basis of
geography. This market research report has categorized the entire market into five regions namely
North America, APAC, Europe, Latin America and Middle East & Africa. In 2015, North America
dominated the market with around 35 million units followed by Europe and Asia. Asia is expected
to grow at a CAGR of around 6% during the forecast period. With the rapid economic growth in
APAC region, the per-capita income has drastically increased over the past couple of years which
has increased the purchasing power of consumers leading to higher automobile sales. Moreover,
APAC has become a prime offshore location for automotive manufacturing.
Automotive Keyless Entry Drivers and Trends
This market research report provides market overview of the factors driving and restraining the
growth of the market. The report also outlines the key trends emerging in the market that will
contribute to the growth of the Worldwide Automotive Keyless Entry System market during the
forecast period. During the forecast period, emerging markets are expected to drive automotive
sales leading to increase in demand for keyless entry systems. The economic growth in the BRIC
nations of has fueled rapid growth rates for the auto industry in recent years. Moreover,
convenience offered by keyless entry has let to increase in its adoption. A driver is able to unlock
or lock vehicle doors with minimal effort which makes it quicker to enter and exit the vehicle.
Some of the major challenges confronting the Worldwide Automotive Keyless Entry System
market include venerability.

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