Automotive Electronic Locking Systems Market: Growth Of Market Is Directly Proportional To Sales Of Passenger Vehicles

June 06 13:21 2017

Global Automotive Electronic Locking Systems Market Research Report 2017
Many cars have central locking system which can unlock luggage compartment or the fuel filter cap door.

According to MarketIntelReportsGlobal Automotive Electronic Locking Systems Market Research Report 2017”:

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The Automotive electronic locking systems allow the driver or front passenger to lock or unlock all the doors of an automobile or truck simultaneously by pressing a button or flipping a switch. Most of the cars today feature the car central locking system which can unlock things like the luggage compartment or fuel filter cap door. It is also common in modern cars for the locks to activate automatically when the car is put into gear or reaches a certain speed. The central locking system for car confirms successful locking and unlocking either by light or horn signal. An option is also offered to switch between these two variants. Both provide the same functionality. The other cars have a proximity system which is triggered if a key like transducer is within a certain distance of the vehicle.

Scope & Regional Forecast of the Automotive Electronic Locking Systems Market

The Automotive Electronic Locking Systems Market growth is directly proportional to the sales of the passenger vehicles as the car lock system has application in the passenger cars segment. The car lock remote used by OEMs in their passenger seats are of two types, namely powered automatic locking system and manual locking system. The demand of the customers to have technologically advanced equipment is pushing the OEMs to fit the passenger cars with the powered automatic locking systems.

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The Automotive Electronic Locking Systems Market in the LCV segment will show a steady growth. About 98% of the LCVs in America are equipped with car lock remote. 63% of the LCVs in Asia Pacific are equipped with the remote car lock. The increase in the number of construction and intercity activities which involve transportation of man and materials are driving the growth for LCVs. In India, the growing intercity construction and increase in housing construction will drive the market for the LCV segment.

The Automotive Electronic Locking Systems Market in the M&HCV segment is likely to see a rise by 2021. The demand for technological advances in M&HCVs in the US has made the heavy truck manufacturers to fit their trucks with the vehicle locking system.

The car central locking remote is common in today’s vehicles. Most of them combine a key with an infrared or wireless remote control. This means that they can be triggered remotely without a contact between a key and vehicle. The increase in the manufacturing of the remote lock car depends on the sale of the passenger vehicles.

Segmentations & Key Players Involved in the Automotive Electronic Locking Systems Market

The Automotive Electronic Locking Systems Market can be broken down into various segments as follows:

  • Type- Ordinary, Alarm system, and other.
  • Application- Passenger car, Commercial Vehicle
  • Region- North America, Europe, China, Japan, Southeast Asia, and India.

Some of the key players involved in the Automotive Electronic Locking Systems Market are as follows:

  • Brose
  • Mitsuba
  • Steelmate
  • Valeo
  • Denso

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