Dublin, July 21, 2020 (GLOBE NEWSWIRE) -- 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
- 3M Cogent
- Allegion PLC
- AMAG Technology, Inc.
- Anviz Global
- Aptiv PLC
- Atmel Corporation
- Aware, Inc.
- Bioenable Technologies Pvt., Ltd.
- BIO-key International, Inc.
- BioLink Solutions
- Continental Automotive GmbH
- Crossmatch Technologies
- DERMALOG Identification Systems GmbH
- Diamond Fortress Technologies
- Facefirst Inc.
- Fulcrum Biometrics LLC
- Futronic Technology Co. Ltd.
- Gemalto NV
- HELLA GmbH & Co. KGaA
- HID Global Corporation
- Honeywell Security
- Idex Asa
- Inception Technologies Inc.
- Iris ID Systems, Inc.
- IriTech, Inc.
- M2SYS Technology
- Mitsubishi Electric Corporation
- Motekforce Link
- NEC Corporation
- Nuance Communications, Inc.
- Precise Biometrics AB
- Qualisys AB
- Safran Group
- SecuGen Corporation
- Suprema, Inc.
- Tekno Electro Solutions Pvt. Ltd.
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Competitor Market Shares
- Keyless Entry System Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- 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
Total Companies Profiled: 47
For more information about this report visit https://www.researchandmarkets.com/r/gtr23p
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