Keyless Vehicle Access Control Systems: A Global Strategic Business Report
San Jose, California (Vocus/PRWEB) April 07, 2011
The automobile industry has been one of the worst hit industries by the recession, as the demand for cars witnessed hurting declines, exacerbating the already existing woes of excess production capacities. With vehicle sales nose-diving resulting in plant shutdowns, shockwaves that ripped through the automobile industry was faithfully transmitted to the auto parts and accessories sector. The trickle down impact of the depressing business climate in the automotive industry on the Keyless Vehicle Access Control systems market is reflected in notable declines in growth rates during 2008 and 2009.
Factors that have brought down the automotive industry, such as restricted access to credit, rising levels of unemployment, decline in purchasing power, reduction in household wealth, falling consumer confidence, and postponement of new car purchases, among others have also played instrumental roles in dragging down growth in the keyless vehicle access control systems segment of the auto industry. The fact that keyless vehicle access control systems, particularly passive keyless vehicle access control systems are a more predominant feature of high-end luxury cars than the mid-range segment, has made the market all the more vulnerable to the economic recession.
However, with the recession having played out its part in full proportions and the automotive industry emerging from the previous lows, the worst is now over for the keyless vehicle access control systems, as evident from the quick recovery in volume sales during 2010. Resurgence in growth fundamentals such as recovery in GDP growth, employment rates, incomes levels and discretionary incomes, and rise in consumer confidence, have helped drive increased demand for new cars, including high-end expensive cars in the recent years. Stimulus packages offered as a succor to the automotive industry have additionally resulted in increased vehicle production and scheduled development and roll out of new vehicle models, including alternative vehicles. All of these factors translate into increased business opportunities for keyless vehicle access control systems in the OEM segment. With companies waking up to the fact that undeterred focus on long-term plans is critical in warding off the impact of the economic slowdown, creative designs and technology specifications will continue to come to the market. Future gains in the automotive industry will be driven by innovation and performance in terms of fuel efficiency, reliability, lower emissions, and those packed with advanced technology features, such as keyless vehicle access control systems. With efforts to integrate keyless passive vehicle access control systems into mid-range cars high on the priority list of many a manufacturer, optimism prevails over future growth opportunities in the market.
As stated by the new market research report on Keyless Vehicle Access Control Systems, Europe continues to remain the largest regional market for Keyless Vehicle Access Control Systems. Growth in the European market will be primarily driven by regulatory riders such as the European Commission Vehicle Directive 74/61/EEC, which mandates use of equipment/systems that protect vehicles against theft, thus forcing OEM auto manufacturers in the region to incorporate keyless entry, in all new vehicles produced. Remote Keyless Vehicle Access Control systems market continues to remain the largest product segment in the global keyless vehicle access control systems market. Passive Keyless Vehicle Access Control systems market represents the fastest growing product segment, growing at a CAGR of more than 21.89% over the analysis period. Although currently still a niche technology used largely in high-end automobile models, passive keyless entry (PKE) is nevertheless poised for a period of strong growth, as the technology steadily makes its way towards the mainstream market.
Major players in the marketplace include Alps Automotive Inc., Atmel® Corporation, Calsonic Kansei Corporation, Continental Automotive GmbH, Delphi Automotive LLP, Denso Corporation, Lear Corporation, Marquardt Switches Inc., Mitsubishi Electric Group, Omron Automotive Electronics Co. Ltd., Panasonic Corporation of North America, Tokai Rika Co Ltd., TRW Automotive Holdings Corp., Valeo S.A., among others.
The research report titled “Keyless Vehicle Access Control Systems: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, and key strategic industry activities. Market estimates and projections are presented for major geographic markets including North America, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe) and Rest of World. Product segments analyzed include - Remote Keyless Vehicle Access Control systems and Passive Keyless Vehicle Access Control systems.
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