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Automotive Central Locking Market Outlook - 2030
As autonomous and electric vehicle technologies are in the expansion stage, the cost of these vehicles is higher compared to other vehicles in the market. Vehicles with a central locking system can be locked with a main button. When the car is locked with a key, the unique electronic code will be transmitted from the car key to the car, and the engine anti-theft system will be turned on. If the car receives the same password or uses the car key to manually unlock the car, the system will start. Various systems, such as alarms, remote keyless entry, passive keyless entry, etc. are related to vehicle locking. For example, if an intruder forcibly unlocks the vehicle, a central locking system with an alarm system can warn the vehicle owner by issuing an alarm. When the vehicle is locked using the central locking system, the switch in the main driving unit will move. The unit then sends a signal to the drive unit. This process unlocks or locks other doors in the vehicle together. This easy operation of central locking system enables fast locking/unlocking of vehicle and attracts global OEMs to install it in their vehicles, thereby driving its market.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2020–2030 |
Base year considered | 2020 |
Forecast period | 2021–2030 |
Forecast units | Value (USD) |
Segments covered | Product Type, End User, Type and Region |
Regions covered | North America (U.S., Canada and Mexico), Europe (Germany, U.K, France, Russia and rest of Europe), Asia-Pacific (China, Japan, India, South Korea and rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa) |
Companies covered | VALEO, DENSO Corporation, Pricol Limited, Robert Bosch GmbH, Minda Industries Ltd., Nippon Audiotronix Pvt. Ltd., Continental AG, Mitsuba, Autocop India Pvt. Ltd., and Lear Corporation. |
COVID-19 Impact analysis
Since the onset of COVID-19 in December 2019, numerous economies around the globe experienced severe economic downturn due to the unexpected lockdowns and halt in international trade. The impact of COVID-19 on the automotive central locking market was witnessed since early 2020 owing to the lockdown implemented across various countries. In addition, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap. Thus, insufficiency in raw material supply is expected to hamper the production rate of central locking, which negatively impact the market growth. The whole automotive value chain has been suffering as many countries are dependent on others for manufacturing. However, this situation is expected to improve as government has started relaxing norms around the world for resuming business activities.
Top Impacting Factors
The automotive central locking market trends are as follows:
Increasing number of advanced security technologies
In order to strengthen the central locking system, the developer introduced an innovative solution. For example, biometric sensors can be used to lock/unlock the vehicle, thereby providing more security for the vehicle. Technological development, such as the development of artificial intelligence-driven connected cars, self-driving cars, etc. The use of safety systems in such vehicles, such as a central locking system, can provide additional safety to the vehicle. Manufacturers are focusing on working with technology providers to automate the central door lock system. It is expected that this will also promote the development of the central locking system market.
The central locking system allows keyless entry into the vehicle. Central locking system uses several electrical mechanisms, including wireless devices. These mechanisms are battery operated and may not operate properly in case of a battery failure. This may hinder central locking system market growth.
Risk of hacking of central locking systems
The central locking system uses a unique code, which is transmitted from the vehicle key and used to remotely lock the vehicle. If this code is hacked using a remote transmission system, the vehicle’s security may be compromised, resulting in vehicle being stolen. For instance, November 2020 group of researchers have demonstrated how easily Tesla can be accessed with key fob. This event may restrain the adoption of central locking systems.
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