Automotive Keyless Entry Systems Market Size and Growth Projections

The automotive keyless entry systems market was estimated at USD 1.8 billion in 2023 and is likely to grow at a CAGR of 11.35% during 2024-2030 to reach USD 3.83 billion in 2030.

The automotive industry has been leveraging the potential of electric and electronic components in most of the application areas to enhance passenger comfort and increase safety and security features in vehicles. One such example is the keyless entry system that was introduced about 20 years back. The keyless entry system uses an integrated circuit that transfers electromagnetic signals to lock or unlock the vehicle door. This system provides high convenience and enhances the security of the vehicle.