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Automotive Keyless Entry System Market Poised To Grow At A Rate Of 12.1% Amid Rising Safety Concerns – By The Business Research Company

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The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

LONDON, Aug. 11, 2023 /PRNewswire/ — As per The Business Research Company, automotive keyless entry system global market report 2023, the global automotive keyless entry system market has witnessed significant growth, expanding from $1.4 billion in 2022 to $1.57 billion in 2023, showcasing a compound annual growth rate (CAGR) of 12.1%. This trend is projected to continue as the market is expected to surge to $2.48 billion by 2027, maintaining a steady CAGR of 12.1%. The driving force behind this market expansion is the increasing emphasis on safety and security in vehicles, coupled with the proliferation of technologically advanced in-vehicle security systems.

Rising Safety Concerns Propel Automotive Keyless Entry System Market Growth

In response to the escalating concerns about safety and security, the automotive keyless entry system market has experienced notable growth. Modern vehicle owners are increasingly inclined towards safeguarding their valuable assets, thereby fueling the demand for advanced security solutions. To counter the rising threat of theft, manufacturers are integrating safety features into vehicles across all price ranges, including entry-level models. Keyless entry systems, which utilize radio frequency signals to remotely manage vehicle access and ignition, are becoming indispensable in providing both security and convenience. According to the Federal Bureau of Investigation (FBI), vehicle thefts in 2020 totaled 810,400, resulting in significant financial losses. This alarming statistic underscores the pressing need for robust security measures, driving the growth of automotive keyless entry system market.

Learn More On The Automotive Keyless Entry System Market Report –

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https://www.thebusinessresearchcompany.com/report/automotive-keyless-entry-system-global-market-report 

Technologically Advanced In-Vehicle Security Systems Transform the Landscape

As a burgeoning trend in the automotive keyless entry system market, manufacturers are focused on delivering cutting-edge in-vehicle security systems. Companies operating within this space are prioritizing the development of keyless entry systems equipped with advanced features such as engine start/off, AC control, and more. Auto manufacturers are also investing heavily in integrating keyless entry technology into new vehicle models, obviating the need for customers to purchase separate systems. Renault India, a prominent player in the automotive industry, exemplified this trend by introducing a new model of Renault Duster with an integrated keyless entry system and additional safety features. This system not only enhances security but also offers users the convenience of activating air conditioning remotely.

Automotive Keyless Entry System Market Leaders

Prominent players in the automotive keyless entry system market are Denso Corporation, HELLA GmbH & Co KGaA, ZF Friedrichshafen AG, Continental AG, and others. These industry leaders are at the forefront of innovation, contributing to the evolution of automotive security systems and shaping the market’s trajectory.

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Request A Free Sample Of The Automotive Keyless Entry System Market Report –

https://www.thebusinessresearchcompany.com/sample.aspx?id=6494&type=smp 

Diverse Segmentation and Regional Dynamics

In 2022, North America led the automotive keyless entry system market, showcasing its robust demand and technological adoption. The global market spans multiple regions, including Asia-Pacific, Western Europe, Eastern Europe, South America, the Middle East, and Africa.

The automotive keyless entry system market is intricately segmented by product (Passive Keyless Entry Systems, Remote Keyless Entry Systems), vehicle type (Passenger Cars, LCV, HCV), and end-users (Aftermarket, Original Equipment Manufacturers).

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View More Similar Market Reports:

Automotive Safety Systems Global Market Report 2023

https://www.thebusinessresearchcompany.com/report/automotive-safety-systems-global-market-report

Automotive Smart Key Global Market Report 2023

https://www.thebusinessresearchcompany.com/report/automotive-smart-key-global-market-report

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Automotive Sensors Global Market Report 2023

https://www.thebusinessresearchcompany.com/report/automotive-sensors-global-market-report

Interested to know more about The Business Research Company?

The Business Research Company has published over 6500+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

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The Global Market Model, The Business Research Company’s flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users make better strategic decisions.

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Blockchain

Blockchain Firm Squad Labs Raises $10 Million for Smart Wallet

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Squad Labs announced that its Series A funding round, led by Electric Capital with participation from RockawayX, Coinbase Ventures, L1D, Placeholder, and Mert Mumtaz, will propel the launch of its Fuse smart wallet. The company aims to establish Fuse as a premier solution for securing and compounding personal digital wealth amid the growing onchain economy.

According to the company’s news release on June 12, smart accounts and smart wallets are gaining traction across blockchains as they offer a more intuitive, secure, and programmable user experience. Fuse abstracts seed phrases and provides features like wallet recovery, 2FA capabilities, and enterprise-level security for personal custody, simplifying the choice of storing digital wealth on-chain.

In addition to securing funding, Squad Labs also announced the public testing launch of Fuse on iOS. This move is part of their strategy to expand accessibility and refine functionality ahead of a full market release.

Meanwhile, a recent report from PYMNTS Intelligence explores blockchain’s role in enhancing cross-border payments. It suggests that integrating blockchain can streamline payment processing, enable digital-to-fiat currency conversion, and introduce stablecoins for faster and cost-effective cross-border transactions. Business-friendly decentralized finance (DeFi) solutions further automate and secure transactions via smart contracts, reducing dependence on traditional payment systems and enhancing security and transparency.

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The report underscores the significance of educating businesses and end-users about the benefits of blockchain-based cross-border payments. It advocates for partnerships with FinTechs and proactive engagement with financial institutions to drive adoption and improve industry-wide support for blockchain technologies in payments.

Overall, Squad Labs’ funding round and Fuse’s development represent strategic advancements in blockchain technology aimed at enhancing digital wealth management and transforming cross-border payment landscapes.

Source: pymnts.com

The post Blockchain Firm Squad Labs Raises $10 Million for Smart Wallet appeared first on HIPTHER Alerts.

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Blockchain

TON Blockchain Surpasses Ethereum in Daily Active Users

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Ethereum’s comparative underperformance relative to TON can be attributed to several factors, notably the migration of a significant portion of its user activity to layer 2 scaling solutions. These solutions were not factored into the comparison with TON.

During a week marked by global crypto market fluctuations and cautious investor sentiment, The Open Network (TON), backed by Telegram, has seen substantial growth in user activity, surpassing Ethereum in daily active users.

Since the beginning of the month, TON and Ethereum have been closely vying for user engagement. However, leveraging Telegram’s extensive user base of 900 million, TON has consistently outpaced Ethereum for ten consecutive days starting June 1.

On June 3, TON achieved a significant milestone with 568,300 daily active addresses (DAAs), according to Artemis data. In contrast, Ethereum has not reached this level of activity since September 13, 2023.

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Delving Deeper
Ethereum’s apparent lower activity compared to TON can be attributed to various factors, including the adoption of layer 2 scaling solutions designed to enhance transaction throughput and reduce fees by processing transactions off the main Ethereum blockchain.

Consequently, the majority of Ethereum’s transactional activities have shifted to these layer 2 networks.

For instance, on June 11, the top three Ethereum layer 2 networks—Arbitrum, Base, and Optimism—collectively registered 1.3 million daily active addresses. This highlights that while Ethereum’s primary network may appear less active, substantial transactional volume is occurring on these secondary layers.

New Milestones and Market Performance
Despite the challenges of comparing directly with Ethereum, TON has demonstrated significant growth. Amidst the recent global market volatility, the network’s native token, Toncoin (TON), reached a milestone of $7.76 earlier this month, marking its highest valuation since launch.

Although Toncoin has since experienced a decline of over 12%, industry analysts remain optimistic about its future trajectory.

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A pseudonymous analyst, “Crypto King,” has forecasted a potential rise to $10 for TON in the near term, citing its robust user base, rapid infrastructure development, and Telegram’s support.

Another expert, Alex Clay, shares this positive outlook, suggesting short-term price targets of $10.5 to $11.6 for TON despite broader market downturns.

Furthermore, data from Token Terminal indicates promising long-term indicators for TON, showing a 3.6% rise in fully diluted market capitalization, a 76.3% increase in token holders, and a 26.0% growth in revenue and fees over the past 30 days.

Despite a slight decrease in trading volume by 11.6%, these metrics underline a strong underlying growth trend for TON.

Source: coinspeaker.com

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The post TON Blockchain Surpasses Ethereum in Daily Active Users appeared first on HIPTHER Alerts.

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Blockchain

Brickken is selected to participate in the European Blockchain Regulatory Sandbox

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Brickken, a startup based in Barcelona at the forefront of real-world asset tokenization, has been chosen to participate in the European Blockchain and Distributed Ledger Technologies (DLT) Regulatory Sandbox. This initiative aims to establish legal clarity for decentralized technologies like blockchain by identifying legal and regulatory hurdles to deployment. It will provide confidential guidance, legal counsel, and regulatory expertise.

Facilitated by the European Commission, this program will enable regulators to deepen their understanding of cutting-edge blockchain technologies and foster dialogue between public institutions and private entities such as Brickken.

By joining the European Regulatory Sandbox, Brickken gains the opportunity to refine and enhance its solutions within a secure environment. This will bolster its credibility with institutional clients, market operators, and bond issuers, facilitating its expansion into new markets. Brickken seeks to become a strategic partner for various participants in capital markets, enhancing operational efficiency and promoting technological synergy in digital asset management.

Edwin Mata, CEO and co-founder of Brickken, expressed excitement about this selection, emphasizing:

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“This opportunity validates our innovative approach to asset tokenization and allows us to collaborate closely with regulators and industry leaders to strengthen the blockchain ecosystem. The knowledge and experience gained in this regulatory sandbox will be invaluable for our future growth and success.”

Brickken’s inclusion in this sandbox marks a significant milestone in its mission to revolutionize the tokenization industry. Recently selected for PricewaterhouseCoopers’ Scale program for tokenization and digital assets, Brickken continues to advance blockchain adoption among institutional clients, banks, and capital markets. Additionally, the company has forged partnerships with industry leaders like Psalion and Chainlink, known for their real-world asset tokenization technology.

In collaboration with Coinbase, Brickken aims to set new standards in infrastructure and market structure for real-world asset tokenization. Leveraging Coinbase’s technology such as Wallet and Base, Brickken brings its expertise in tokenization and technology to build robust solutions.

Established in Barcelona in 2020 by Edwin Mata, Yassir Haouati, Bram Duindam, and Dario Lo Buglio, Brickken has experienced rapid growth, operating in over 14 countries and tokenizing assets exceeding 200 million euros. With a client base of over 50, the company has achieved over 100% growth compared to the previous year and is expanding into new verticals.

Brickken’s digital asset platform specializes in tokenizing financial instruments such as equity and debt, catering to entities of all sizes, asset types, and jurisdictions. Offering robust technological support, Brickken enables market entry without the need for proprietary technology development. This positions Brickken to serve diverse sectors including real estate, startups, institutions, venture capital funds, and family offices, facilitating efficient digitization and management of assets.

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Source: cointelegraph.com

The post Brickken is selected to participate in the European Blockchain Regulatory Sandbox appeared first on HIPTHER Alerts.

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