DUBLIN--(BUSINESS WIRE)--The "Global Two-wheeler Keyless Entry System Market 2017-2021" report has been added to ResearchAndMarkets.com's offering.
Global two-wheeler keyless entry system market to grow at a CAGR of 10.43% during the period 2017-2021.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is the introduction of 3D gesture in key fob. According to a publication from the International Journal of Science and Research (IJSR), a 3-axis MEMS Accelerometer that senses gravitational force recognizes the air gesture once exerted upon the key fob. A cryptographic algorithm is deployed, and the key fob communicates using an encrypted code that changes every time the key fob is used. All these developments enhance the security of the system.
According to the report, one of the major drivers for this market is rising sales of luxury motorcycles in APAC. APAC is witnessing an increase in the number of HNWIs. The growth of HNWIs in APAC is expected to drive the sales of premium motorcycles. The markets in India and China are likely to observe an increase in the sales of premium motorcycles during the forecast period. It has also been observed that the global premium motorcycle OEMs are shifting their focus to the developing markets in APAC.
Further, the report states that one of the major factors hindering the growth of this market is the risk associated with keyless entry system. Keyless entry systems are a concern for two-wheeler security, as they use radiofrequency or microwave to be exchanged between the fob and the receiver unit in the vehicle, which is prone to hacking. Thus, although the system is convenient to use, it is riskier than the traditional key.
- ZF Friedrichshafen
Other Prominent Vendors
- Alps Electric
- Denso Corporation
- Mitsubishi Electric
- Lear Corporation
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation by End User
Part 07: Regional Landscape
Part 08: Decision Framework
Part 09: Drivers and Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/nnj3sh/global?w=4