The Two-wheeler Keyless Entry System Market is segmented by Type (Remote keyless entry system and Passive keyless entry system), Application (Aftermarkets and OEMs), and Geography (APAC, North America, Europe, South America, and Middle East and Africa). As per the Global Forecast research report 2024-2028 published by Technavio, the market size is estimated to grow by USD 173.53 billion, at a CAGR of 8.41% during the forecast period. There are several companies that are contributing to the market as per this report. Development of biometric-based ignition systems .
The Two-wheeler Keyless Entry System (RKES) represents a significant advancement in two-wheeler security and convenience. This innovative technology, which utilizes electronic and radio frequency identification (RFID) locks, enables riders to unlock and lock their vehicles without the need for conventional mechanical keys. The integration of RKES is becoming increasingly common in the two-wheeler industry, as the sector undergoes a rapid digital transformation. Over the past decade, there has been a notable shift towards electrification and the incorporation of electronics in safety, security, and propulsion systems. This structural evolution has necessitated the focus of semiconductor and integrated circuit companies on the automotive industry to cater to its evolving requirements. Consequently, the Two-wheeler Keyless Entry System is poised to become a standard feature in upcoming two-wheeler models during the forecast period.
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The two-wheeler keyless entry system market in the Asia Pacific (APAC) region is experiencing significant growth, driven by major market enablers such as China, Japan, India, Indonesia, South Korea, Thailand, and Australia. The high-volume sales of two-wheelers in these countries, fueled by economic growth and infrastructure development, are propelling market expansion. Additionally, the increasing incidence of vehicle thefts in the region is compelling automakers to offer advanced security features, including keyless entry systems, to meet consumer demands for enhanced vehicle protection. The APAC region, home to some of the world's fastest-growing two-wheeler economies, is witnessing increasing penetration rates for keyless entry systems in newly sold vehicles.
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The Two-wheeler Keyless Entry System Market is witnessing significant growth as OEMs (Original Equipment Manufacturers) and aftermarkets embrace advanced security features to cater to the increasing demand for premium motorcycles and scooters. Immobilizer systems, which use key fobs or smart cards for remote control, are becoming standard in the luxury two-wheeler segment. With crime rates on the rise, users are prioritizing security, leading to the popularity of keyless entry systems. For instance, the Vida-a-gogo electric scooter uses a key fob for ignition and other functions, offering convenience and security. Some high-end motorcycles even offer biometric scan or smart card options for added security. These electronic systems have replaced the traditional physical key, offering a more user-friendly experience. Building a vehicle that is both secure and convenient is a priority for manufacturers, and keyless entry systems are a key component in achieving this goal.
The two-wheeler keyless entry system market is a significant segment of the global automotive parts and equipment market, which encompasses organizations involved in the manufacturing of components and accessories for various automobile types, including passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. According to Technavio, the global automotive parts and equipment market size is determined by the consolidated revenue generated by automotive components and equipment manufacturers. Key growth drivers for this market include the escalating demand for electronic components in automobiles, fueled by the increasing sales of EVs, motorcycles, and PCs over the past decade. This trend has led to a substantial increase in the demand for electronic control units (ECUs) and other electrical components. - The Two-wheeler Keyless Entry System Market is experiencing significant growth, fueled by the . Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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