Market Overview:
The global smart entry system market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for luxury cars and high-end cars, which are equipped with smart entry systems. Additionally, the increasing adoption of capacitive sensor technology and infrared sensor technology is also contributing to the growth of this market. However, factors such as high installation costs and lack of standardization may restrain the growth of this market in some regions.
Product Definition:
A Smart Entry System is a security system that uses an electronic keypad or card reader to allow entry into a building. The importance of Smart Entry Systems is that they provide security for buildings and residents.
Infrared sensor technology:
Infrared sensor technology is used in smart entry systems for automobiles. The growth factor in this market is the need for automobile manufacturers to comply with government regulations such as the Federal Motor Vehicle Safety Standards (FMVSS) that require automotive door locks and windows to have safety sensors. These safety sensors are also known as infrared motion detectors or passive infrared detector (PIR).
Capacitive sensor technology:
Capacitive sensors are touch-based, which work on the principle of change in capacitance when a person or an object is nearby. They are used in many applications such as mobile phones, tablets and laptops for sensing screen taps and movements. The technology has been around for more than two decades but was commercialized only recently due to its high sensitivity and reliability requirements.
Application Insights:
The market is segmented based on the application into high-end cars, luxury cars and others. The other segment includes economy class of vehicles, entry-level/affordable cars and sports/performance cars. The entry-level/affordable car category is expected to witness significant growth over the forecast period owing to increasing penetration of low cost automobiles in various economies worldwide.
The smart entry system finds its major applications in luxury and high end vehicles as it provides a combination of security & convenience for vehicle owners at an affordable price point. Furthermore, growing demand for electric vehicles is expected to drive this technology further as they too require some form of key fob or transponder for opening doors or starting the engine respectively. However, stringent government regulations regarding eVTOLs are anticipated to hinder industry growth over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well, owing to growing concerns regarding security and safety of vehicles and passengers. Europe accounted for a significant share of revenue in 2017 due to high demand for smart entry systems from premium cars manufacturers such as BMW, Mercedes Benz, Audi etc. In addition, rising adoption of driverless shuttles is also anticipated to drive regional growth over the forecast period.
Asia Pacific is projected to be one of the fastest-growing regions during the same period owing to increasing government initiatives pertaining vehicle security systems installation in developing countries such as India and China.
Growth Factors:
- Increasing demand for smart entry systems in the commercial sector as it offers enhanced security and convenience.
- Growing popularity of automated access control systems that offer ease of use and improved security.
- Proliferation of Internet-of-Things (IoT) devices and increasing demand for connected homes/buildings, which is expected to drive the market for smart entry systems.
- Rising concerns over safety and security among consumers, which is expected to boost the adoption of smart entry systems in residential applications.
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Entry System Market Research Report
By Type
Infrared sensor technology, Capacitive sensor technology, Automotive remote transmitter technology
By Application
High-end cars, Luxury cars
By Companies
Toyota Motor Corporation, Tokai Rika Co., Ltd, Mitsubishi Electric Corporation, Atmel Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
141
Number of Tables & Figures
99
Customization Available
Yes, the report can be customized as per your need.
Global Smart Entry System Market Report Segments:
The global Smart Entry System market is segmented on the basis of:
Types
Infrared sensor technology, Capacitive sensor technology, Automotive remote transmitter technology
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
High-end cars, Luxury cars
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Toyota Motor Corporation
- Tokai Rika Co., Ltd
- Mitsubishi Electric Corporation
- Atmel Corporation
Highlights of The Smart Entry System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Infrared sensor technology
- Capacitive sensor technology
- Automotive remote transmitter technology
- By Application:
- High-end cars
- Luxury cars
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Entry System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Smart Entry System is a security feature that allows authorized individuals to access specific areas or facilities in a building without having to pass through the main entrance.
Some of the major companies in the smart entry system market are Toyota Motor Corporation, Tokai Rika Co., Ltd, Mitsubishi Electric Corporation, Atmel Corporation.
The smart entry system market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Entry System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart Entry System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Entry System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart Entry System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart Entry System Market Size & Forecast, 2020-2028
4.5.1 Smart Entry System Market Size and Y-o-Y Growth
4.5.2 Smart Entry System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Infrared sensor technology
5.2.2 Capacitive sensor technology
5.2.3 Automotive remote transmitter technology
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 High-end cars
6.2.2 Luxury cars
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Entry System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart Entry System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Infrared sensor technology
9.6.2 Capacitive sensor technology
9.6.3 Automotive remote transmitter technology
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 High-end cars
9.10.2 Luxury cars
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Infrared sensor technology
10.6.2 Capacitive sensor technology
10.6.3 Automotive remote transmitter technology
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 High-end cars
10.10.2 Luxury cars
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Infrared sensor technology
11.6.2 Capacitive sensor technology
11.6.3 Automotive remote transmitter technology
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 High-end cars
11.10.2 Luxury cars
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Infrared sensor technology
12.6.2 Capacitive sensor technology
12.6.3 Automotive remote transmitter technology
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 High-end cars
12.10.2 Luxury cars
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Infrared sensor technology
13.6.2 Capacitive sensor technology
13.6.3 Automotive remote transmitter technology
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 High-end cars
13.10.2 Luxury cars
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart Entry System Market: Competitive Dashboard
14.2 Global Smart Entry System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Toyota Motor Corporation
14.3.2 Tokai Rika Co., Ltd
14.3.3 Mitsubishi Electric Corporation
14.3.4 Atmel Corporation
