Persistence Market Research Reports Keyless Entry System Market

Keyless Entry System Market Is Projected To Reach
At A CAGR Of 6.1% During The Forecast Period
2018 to 2026
Owing to the advantages and efficiency associated with RFID-based products, the next few years are expected
to witness increasing investments in the RFID industry, which will reportedly sustain in the long run. In addition
to RFID-based systems, high demand for remotely accessible i.e. keyless entry systems is also being observed
from several end users. The presence of limited vendors in the market is likely to offer high opportunity for
growth providing easy entry to new players foraying in the global keyless entry system market.
Growing demand for enhanced security access systems is being witnessed across healthcare and financial
organizations, owing to the critical need for privacy and limited accessibility. This demand is further expected
to increase in near future, which will reportedly create high-growth opportunities in the market for keyless entry
systems through 2026. In order to provide an efficient layer of security, end users have started adopting and
installing keyless entry systems (especially remote access keyless entry systems, RFID proximity card reader
entry systems, and keypad access systems), which, as a result, is expected to support the growth of the keyless
entry system market during the forecast period. Moreover, a few recent surveys reaffirm declined theft rates in
those areas that have been equipped with keyless entry systems.