Growing demand for passenger cars predicted to boost global automotive electronics market

Technavio research analysts are forecasting positive growth for many segments of the global automotive electronic market over the next four years as several related markets, including automotive biometric vehicle access systems, automotive remote diagnostics, and diesel common rail injection systems, will likely witness an increase in revenues.

Technavio market research analysts predict the global automotive biometric vehicle access systems to grow at an impressive CAGR of more than 19% during the estimated period. The presence of numerous vulnerabilities in the existing keyless entry system is a critical factor driving the growth of this market over the forecast period.

Car access technology has evolved from the use of manual keys to electronic keyless entry systems, due to a spurt in incidences of stolen or misplaced mechanical keys by drivers. With the advent of the electronic keyless entry systems, the situation has however changed drastically because vehicle access is now linked to electromagnetic frequency and communication wavelengths.

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