North America Keyless Vehicle Access Control System Market to Surge at 10.8% CAGR Through 2032

The North America keyless vehicle access control system market, valued at US$ 515.9 million in 2021, is poised for significant growth as the region shifts toward enhanced vehicle security and user convenience. By 2032, the market is projected to reach a valuation of US$ 1,575.7 million, reflecting a robust compound annual growth rate (CAGR) of 10.8% from 2022 to 2032. Keyless vehicle access control systems, which allow entry and engine start without the use of traditional keys, are increasingly in demand across North America’s automotive sector, driven by advancements in technology and growing consumer preference for enhanced security and ease of use.

Key Takeaways from Market Study

  • The North America keyless vehicle access control system market was valued at US$ 563.4 million in 2022.
  • The market is anticipated to grow at a CAGR of 10.8% between 2022 and 2032, reaching US$ 1,575.7 million by 2032.
  • Top five vendors in the market account for approximately 35% of the total market share, underscoring a moderately consolidated competitive landscape.
  • Rising demand for vehicle security, convenience, and integration of IoT in automotive solutions are primary growth drivers.

Drivers and Opportunities

The North America keyless vehicle access control system market is fueled by rising consumer demand for advanced, secure vehicle access solutions. Increased cases of vehicle thefts and advancements in biometric and RFID technology are encouraging automakers to adopt keyless systems, thereby accelerating market expansion. Furthermore, the growing penetration of electric vehicles (EVs) and hybrid vehicles is expected to bolster the demand for these systems, as EV manufacturers emphasize high-tech, seamless entry solutions to enhance customer experience. Additionally, regulatory standards emphasizing vehicle safety and security will continue to drive opportunities in this market.

Component Insights

The keyless vehicle access control system market in North America comprises several components, including remote keyless entry (RKE) systems, passive keyless entry (PKE) systems, and biometric entry systems. RKE systems currently hold a significant share due to their affordability and widespread adoption in standard models. However, PKE and biometric entry systems are gaining traction as consumers seek more secure and high-end solutions. Increased investments in biometric technologies are expected to further drive growth in these segments.

Application Insights

Keyless vehicle access control systems find applications across a range of vehicle types, including passenger vehicles, commercial vehicles, and luxury vehicles. Passenger vehicles remain the largest application segment, driven by the high volume of personal car ownership in North America and the growing trend of integrating keyless systems in mid-range models. Luxury vehicles also contribute substantially to the market, as premium brands continue to adopt the latest security technologies to enhance customer experiences.

Deployment Insights

The market deployment of keyless vehicle access control systems can be categorized into factory-installed and aftermarket installations. Factory-installed systems dominate the market as automakers are increasingly integrating these systems into new models. However, aftermarket installations are witnessing steady growth, especially for owners seeking to upgrade older vehicles with advanced access control features.

Key Companies & Market Share Insights

The North America keyless vehicle access control system market is moderately consolidated, with the top five players holding around 35% of the market share. Leading companies in the market include Continental AG, Denso Corporation, Valeo SA, Robert Bosch GmbH, and Mitsubishi Electric Corporation. These players focus on developing advanced, secure access solutions, often integrating biometric and mobile access technologies to maintain competitive advantage.

Recent Developments

  1. In 2022, Continental AG announced advancements in its Ultra-Wideband (UWB) technology, designed to enhance vehicle security by enabling precise location tracking for keyless entry.
  2. Denso Corporation unveiled a new digital key solution, allowing drivers to access and start vehicles via smartphone, in partnership with several automotive OEMs in North America.
  3. Valeo SA launched its keyless biometric solution, which uses facial recognition for added security, targeting luxury vehicle brands and high-end consumers.

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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