Market Highlights: The Smart Entry System is a newer technology feature that makes it possible to lock and unlock the vehicle without using a key or a key fob which is used in high-end. The car with a digital key is coded with wireless communication technology containing a computer chip and security code which enables the user to unlock or lock as well as engine start. The key uses smart sensors connected to the antennas in the vehicle body part that detects the smart key and unlocks the door for the user. It provides comfort to the user by simply grabbing the vehicle’s front door handle or by clicking the capacitive push which will take a signal validation from the sensor attached to the vehicle of the smart key to unlock the doors. The market study is being classified, by Application (High-end cars and Luxury cars) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Smart Entry System are Continental AG (Germany), Delphi Technologies (Ireland), Hella (Germany), Mitsubishi Electric Corporation (Japan), TRW Automotive (United States), Toyota Motor Corporation (Japan), Atmel Corporation (United States), TOKAI RIKA CO., LTD. (Japan), JPM Group (India) and Honda Lock Mfg. Co., Ltd. (Japan).
Major Market Development Highlights On February 4, 2019 Technology Company Continental has announced the successful completion of the acquisition of Kathrein Automotive GmbH after antitrust authorities officially cleared the transaction. Kathrein is a move that will give Continental an important key segment to add to its wealth of expertise.
Key Questions Answered in the Report What will the Smart Entry System Market size and the growth rate be in Future? What are the key factors driving the Smart Entry System Market? What are the key market trends and macro-economic impacting the growth of the Smart Entry System Market? What are the challenges to market growth? Who are the key vendors in the Smart Entry System Market? What are the market opportunities and threats faced by the vendors in the Smart Entry System Market? Trending factors influencing the market shares of the Vendors. What are the key outcomes of the five forces analysis of the Smart Entry System Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Smart Entry System market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Smart Entry System market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Smart Entry System, Suppliers of Smart Entry System, Wholesalers, Distributors and Retailers of Smart Entry System, Automobile Industry and Governmental Bodies. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.