Global RKES Market Environment and Trends: Market Growing at a CAGR of 1.25% from 2024 to 2029

Global RKES Market Overview

According to Global Market Monitor, the global RKE market will reach $4498.15 million in 2024 with a CAGR of 1.25% from 2024 to 2029.RKE, Remote Keyless Entry, is the active remote-control car key technology currently used. It consists of a key transmission module and an in-vehicle receiving module. The owner presses the button on the key, and the key end sends a signal. The signal contains the corresponding command information. The antenna receives the electric wave signal, and after the body control module BCM is authenticated, the actuator realizes the opening/closing operation.

Consumer Preference Change

The RKE system allows the user to use the transmitter on the key fob to lock or unlock the car door. The transmitter transmits data to the car and the user presses the button switch on the key fob to trigger the system to work. The technology RKE uses to turn on the brakes of the car also has an anti-theft function.With the advent of the automobile era, automotive wireless access technology has been more widely used. RKE/PKE technology not only improves the security of theft but also brings great convenience to people's car use.

Environmental Change

With the continuous development of the economy and the shift in consumer attitudes, people are paying more attention to car safety issues. As the automotive industry continues to expand, the government has introduced a range of policies and market entry barriers for the industry. There are many differences in vehicle safety equipment regulations in different regions. With the development of the market, policy control will be more stringent.

Increasing vehicle sales and increasing safety and security concerns, especially in emerging economies are the major factors driving the market growth. Keyless access control systems can be used for advanced applications that have security systems such as the opening tailgate, front and rear seat Settings, tire pressure monitoring systems, car alarms, light control, and storage of multimedia files. In addition, stringent vehicle safety regulations such as the Canadian Motor Vehicle Safety Standard, the Bharat New Vehicle Assessment Program (BNCAP), and the Federal Motor Vehicle Safety Standard (FMVSS) are in place. In turn, this is expected to boost the adoption of automotive keyless vehicle entry systems, thereby driving the market growth over the forecast period.

Substitutes Threat

Due to the continuous development of the automotive industry in recent years. As one of the products, the Passenger Vehicle Remote Keyless Entry System (RKES) can be used to replace many products. For example, Passive Entry Passive Start (PEPS) and Passive Key Entry (PKE), it is likely to have lower-priced and better-performing products in the future. There are certain threats in the Passenger Vehicle Remote Keyless Entry System (RKES) market.

OEM	Volkswagen
	BMW
	Toyota
	Hyundai
	Honda
Aftermarket	Federal-Mogul Corporation
	Delphi Automotive PLC
	Robert Bosch GmbH
	Denso Corporation
	Magneti Marelli S.p.A.

Table:Key Downstream Customer

For more industry information, please refer to our latest released "Global Passenger Vehicle Remote Keyless Entry System (RKES) Market Professional Research Report 2014-2026, Segmented by Players, Types, End-Users in Major 40 Countries or Regions".