The "Keyless Entry Systems - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The publisher brings years of research experience to this 6th edition of our report. The 188-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Keyless Entry Systems Market to Reach US$114.1 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Keyless Entry Systems, estimated at US$68.4 Billion in the year 2020, is projected to reach a revised size of US$114.1 Billion by 2027, growing at a CAGR of 7.6% over the period 2020-2027.
Device-based, one of the segments analyzed in the report, is projected to grow at a 7% CAGR to reach US$77 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Biometric-based segment is readjusted to a revised 8.9% CAGR for the next 7-year period. This segment currently accounts for a 29.9% share of the global Keyless Entry Systems market.
The U.S. Accounts for Over 29.6% of Global Market Size in 2020, While China is Forecast to Grow at a 7.1% CAGR for the Period of 2020-2027
The Keyless Entry Systems market in the U.S. is estimated at US$20.2 Billion in the year 2020. The country currently accounts for a 29.56% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$20 Billion in the year 2027 trailing a CAGR of 7.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.9% and 6.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.3% CAGR while Rest of European market (as defined in the study) will reach US$20 Billion by the year 2027.
Competitors identified in this market include, among others
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3M Cogent
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Allegion PLC
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AMAG Technology, Inc.
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Animetrics
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Anviz Global
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Aptiv PLC
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Atmel Corporation
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Aware, Inc.
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Bioenable Technologies Pvt., Ltd.
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BIO-key International, Inc.
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BioLink Solutions
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Continental Automotive GmbH
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Crossmatch Technologies
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DERMALOG Identification Systems GmbH
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Diamond Fortress Technologies
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Facefirst Inc.
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Fulcrum Biometrics LLC
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Futronic Technology Co. Ltd.
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Gemalto NV
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HELLA GmbH & Co. KGaA
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HID Global Corporation
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Honeywell Security
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Idex Asa
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Inception Technologies Inc.
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Iris ID Systems, Inc.
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IriTech, Inc.
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M2SYS Technology
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Mitsubishi Electric Corporation
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Motekforce Link
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NEC Corporation
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Nuance Communications, Inc.
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Precise Biometrics AB
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Qualisys AB
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Safran Group
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SecuGen Corporation
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Suprema, Inc.
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Tekno Electro Solutions Pvt. Ltd.
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
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Global Competitor Market Shares
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Keyless Entry System Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
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Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
Total Companies Profiled: 47
For more information about this report visit https://www.researchandmarkets.com/r/f8eo7i
View source version on businesswire.com: https://www.businesswire.com/news/home/20200717005345/en/
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