Automotive Passive Start and Entry (PASE) System Market to be dominated by North America through 2027
Improvement in
transportation infrastructure and rise in vehicle sales in developing economies
is expected to drive the demand of global automotive passive start and entry
(PASE) system market in the forecast period, 2023-2027.
According to TechSci Research
report, “Automotive
Passive Start and Entry (PASE) System Market - Global Industry Size, Share,
Trends, Opportunity, and Forecast, 2017-2027”, the global automotive passive start
and entry (PASE) system market is anticipated to grow at a steady rate in the
forecast period, 2023-2027. The automotive passive start and entry (PASE)
system is a type of electronic key that permits the driver and passenger of the
vehicle to gain physical access to the automobile and eliminates the need for a
mechanical key by automatically enabling the locking and unlocking process. The
system uses sensors that are present on all the door handles, which identify
the signal and open the automobile's door. Integration of passive start and
entry (PASE) system into fashion wearables which can also be used as an
additional car key, is witnessing huge demand among consumers. Focus of the market players on providing
additional security of automobiles to enable remote controlling of cars and
improved consumer experience is expected to fuel the market growth in the
forecast period.
However, high repair and
maintenance costs and the risk of cyberattacks may restrain the global
automotive passive start and entry (PASE) system market growth in the forecast
period.
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The global automotive passive
start and entry (PASE) system market is segmented by frequency, vehicle type,
demand category, competitional landscape, and regional distribution.
Based on the
vehicle type, the global automotive passive start and entry (PASE) system
market is divided into passenger cars and commercial vehicles. The passenger
car segment is projected to hold the largest market share in the next five
years. High sales of passenger cars due to increasing demand for private
vehicle ownership and the rise in the expenditure capacity of consumers are
influencing the market demand. Integration of advanced features in automobiles
and the high demand for automobile security systems bolsters the demand for
automotive passive start and entry (PASE) systems.
Based on the
demand category, the global automotive passive start and entry (PASE) system
market is bifurcated into OEM and replacement. The OEM segment is maintaining
its dominance and is expected to maintain it throughout the forecast period,
2023-2027. The automotive passive start and entry (PASE) system work on the
pre-defined programming to provide advanced automobile security that the OEM
designs. To cater to the changing demand of consumers and the use of innovative
technology in automobiles to improve the security of automobiles is boosting
the market demand. Key market players are making high-end investments and focusing
on product development, expansions, acquisition, and collaborations to
strengthen their market presence.
Based on the
regional analysis, Asia-pacific is the most promising regional market and is
expected to witness substantial growth opportunities for the market growth.
China boasts of one of the biggest automotive markets in the world. Market
players are launching new models with a passive start and entry system, and the
sales of automobiles equipped with this feature are expected to multiply. Japan
is using advanced technologies in the manufacturing process and providing
attractive features to fuel the sales of automobiles.
Major market
players operating in global automotive passive start and entry (PASE) system
market are:
- Continental AG
- Valeo Group
- Siemens Automotive Systems Corp.
- Strattec Security Corporation
- Texas Instruments Inc.
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“Market
players use lightweight and eco-friendly materials to manufacture the inside of
chips and buttons for making keys used in passive start and entry systems. They
are making efforts to develop compact and attractive keys. The advancements in
the door latch systems and the integration of passive start and entry systems
are expected to offer cost-effective solutions to automobile manufacturers and
amplify the car user convenience by supporting the easy/exit of the car. The
use of the latest technologies expensive vehicle models such as SUV and sports
car, growing sales of automobiles, and the rise in applications in commercial
vehicles is expected to propel the global automotive passive start and entry
(PASE) system market growth till 2027” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Automotive Passive Start and Entry (PASE) System
Market - Global Industry Size, Share, Trends, Opportunity, and Forecast,
2017-2027, Segmented By Frequency [Low (125 kHz or 134 kHz),
High (Sub-1 GHz)], By Vehicle Type (Passenger Car, Commercial Vehicle), By
Demand Category (OEM and Aftermarket), and By Region”,
has evaluated the future growth potential of global automotive passive start
and entry (PASE) system and provides statistics & information on market
size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in global automotive
passive start and entry (PASE) system market.
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