Blockchain Press Releases
Automotive Keyless Entry System Market Poised To Grow At A Rate Of 12.1% Amid Rising Safety Concerns – By The Business Research Company
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 –
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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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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Automotive Sensors Global Market Report 2023
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Blockchain
FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers
A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
The post FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers appeared first on HIPTHER Alerts.
Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
The post Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets appeared first on HIPTHER Alerts.
Blockchain
Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak
Johann Polecsak argues that existing blockchains face significant challenges in adopting post-quantum cryptography without causing substantial disruption to users. This assessment highlights the complex and multifaceted nature of transitioning to new cryptographic standards in blockchain networks.
Post-quantum cryptography refers to cryptographic algorithms that are resistant to attacks from quantum computers, which have the potential to break traditional cryptographic schemes. While post-quantum cryptography offers enhanced security, implementing it in existing blockchain networks poses technical, operational, and usability challenges.
Polecsak suggests that transitioning to post-quantum cryptography could require significant changes to blockchain protocols, consensus mechanisms, and user interfaces. These changes may disrupt existing workflows, require modifications to software and hardware infrastructure, and necessitate coordination among network participants.
Furthermore, Polecsak emphasizes the importance of ensuring backward compatibility and interoperability during the transition to post-quantum cryptography. This is crucial to prevent fragmentation of the blockchain ecosystem and maintain continuity for users and applications.
Polecsak’s assessment underscores the complexities and trade-offs involved in adopting post-quantum cryptography in existing blockchain networks. While the transition promises improved security against quantum threats, it requires careful planning, coordination, and investment to minimize disruption and ensure a smooth transition for users and stakeholders. As the field of post-quantum cryptography continues to evolve, blockchain projects will need to carefully evaluate their options and strategies for implementing these new cryptographic standards.
Source: news.bitcoin.com
The post Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak appeared first on HIPTHER Alerts.
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