- A new research study titled "Passive Entry Passive Start System Market by Product Type, Application and Geography - Global Forecast to 2022" recent study presents the most up-to-date information available on the global passive entry and passive start system market. The research covers the growth prospects of the global passive entry and passive start system market with respect to product type, application, and geography.
- As per Data Publisher News Latest Assumption The global passive entry and passive start system market is expected to grow at a CAGR of 9.7% from 2016 to 2022. The market was valued at USD 6.6 billion in 2015, and is projected to reach USD 10.8 billion by 2022. The Asia-Pacific region is estimated to be the largest market for passive entry and passive start systems during the forecast period.
- The growth of the passive entry and passive start system market can be attributed to the increasing demand for safety and security features in vehicles, as well as the stringent emission norms implemented by several governments across the globe. However, the high cost of these systems is expected to restraint the growth of this market during the forecast period.
A Passive Entry Passive Start (PEPS) system is an electronically controlled locking and starting system for vehicles that uses a radio frequency transmitter integrated into a key fob or keyless entry device. The system typically consists of a control module, one or more antennas, and a transponder in the key fob. When the vehicle's ignition switch is turned on, the control module sends a signal to the antennae, which activate the transponder in the key fob. The transponder then sends a coded signal back to the control module, which unlocks the doors and starts the engine.
The global PEPS market is expected to grow from USD 5.78 Billion in 2018 to USD 10.36 Billion by 2023, at a CAGR of 11.8% during the forecast period. The major drivers for this market are increasing demand for luxury cars and rising awareness about vehicle safety among consumers.
The Asia-Pacific region is expected to be the largest market for PEPS during the forecast period owing to the increasing demand from countries such as China and India. The European market is also expected to grow at a significant rate due to strict emission norms and regulations in this region.
Types of Passive Entry Passive Start Systems
There are two types of Passive Entry Passive Start Systems (PEPS), Keyless and Card-based.
Keyless PEPS uses a key fob that communicates with the vehicle to unlock the doors and start the engine. Card-based PEPS uses a card, similar to a credit card, that is inserted into a slot on the dash to unlock the doors and start the engine.
Both types of PEPS have their advantages and disadvantages. Keyless PEPS is more convenient because you don't have to fumble around with a key or card. However, it is also more expensive and can be lost or stolen more easily.
Card-based PEPS is less expensive and can't be lost or stolen as easily as a key, but it isn't as convenient because you have to insert the card into the dash every time you want to unlock the doors or start the engine.
Which type of PEPS is right for you depends on your needs and budget.
Application for Passive Entry and Passive Start Systems
Passive entry and passive start systems are electronic devices that allow a driver to unlock and start a car without having to physically touch the car. These systems use radio frequency identification (RFID) technology to communicate with the car's electronic control unit (ECU). The ECU then unlocks the doors and starts the engine.
Passive entry and passive start systems are becoming increasingly popular in new cars, as they offer a number of advantages over traditional keyless entry and ignition systems. For one, they're more convenient - the driver doesn't have to fumble around for keys or remember a code; they can simply get in and go. Additionally, these systems are more secure, as they're much harder to hack than traditional keyless entry systems.
There are two main types of passive entry and passive start system on the market today: standalone units and integrated units. Standalone units are aftermarket products that can be retrofitted to most cars; however, they require drilling into the door panel to install an antenna. Integrated units, on the other hand, are OEM products that come pre-installed in new cars.
The global passive entry and passive start system market is expected to grow from USD 2.31 Billion in 2016 to USD 4.78 Billion by 2025, at a CAGR of 9.3% during the forecast period from 2016 to 2025. The Asia-Pacific region is expected to lead the global
Regional Analysis - Passive Entry and Passive Start Systems Market Size, Growth Rate and Forecast 2022
According to the Reports Tree report, the passive entry and passive start system market is expected to grow from USD 9.47 Billion in 2017 to USD 16.13 Billion by 2022, at a CAGR of 10.2%.
Passive entry and passive start systems are vehicle security and convenience features that allow the driver to unlock and start the vehicle without having to insert a key or press any button. These systems use wireless technologies such as radio frequency (RF), near-field communication (NFC), and infrared (IR) to communicate with the vehicle.
The Asia-Pacific region is expected to be the largest market for passive entry and passive start systems during the forecast period. The growth of this market can be attributed to the increasing demand for luxury vehicles in countries such as China, Japan, and India. In addition, government initiatives such as China’s New Energy Vehicle Initiative are expected to drive the growth of the passive entry and passive start system market in this region.
The major players in the global passive entry and passive start system market are Robert Bosch GmbH (Germany), Continental AG (Germany), Delphi Automotive PLC (UK), Denso Corporation (Japan), Lear Corporation (US), HELLA KGaA Hueck & Co. (Germany), Valeo S.A. (France), Omron Corporation (Japan), ON Semiconductor Corporation (US), STMicroelectronics N.V. (Switzerland),