PREMO Group Introduces Breakthrough Two-Wheeler Access & Security Solutions

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Bangalore, India – October 4, 2024 – PREMO Group, under the leadership of Corporate CTO Vijayakumar Muthusamy , is excited to announce its latest advancements in Two-Wheeler Access and Security Solutions. These new technologies include:

• Immobilizer Systems with advanced 1D transponder coil and air coil readers, ensuring secure communication up to 5cm.
• Passive Keyless Entry (PKE) and Remote Keyless Entry (RKE) Solutions:

Electronic Control Unit (ECU): PREMO Group’s components, featuring multiple antennas designs for ECU integration and enhanced ranges up to 2.5m, with a variety of open-type and enclosed options.

Key Fob: PREMO Group specializes in the design and production of antennas for key fob systems, specifically RF (Radio Frequency) antennas and LF (Low-Frequency) antennas.

• Tyre Pressure Monitoring Systems (TPMS) using highly compact, high-performance coils as small as 4mm.
• Near Field Communication (NFC) Technology with single and multi-axis coils for seamless communication between key fobs and reader systems.

This comprehensive portfolio reinforces PREMO’s dedication to pioneering mobility solutions, ensuring safety, convenience, and technological excellence in the growing two-wheeler sector.

The Booming Two-Wheeler Market in Asia

Asia is home to the largest two-wheeler market globally, with countries like India, China, Indonesia, and Vietnam leading the charge. The two-wheeler industry in Asia is projected to grow at a CAGR of 7.4% between 2021 and 2027, driven by urbanization, population growth, and the need for affordable and efficient mobility solutions.

1. India

• Market Size: India is the largest two-wheeler market globally, with over 21 million units sold annually (2023).
• Growth Drivers: High population density, rising urbanization, and demand for affordable transportation. Over 80% of households in India own a two-wheeler. The market is also seeing rapid growth in electric two-wheelers, with government initiatives to promote EV adoption. By 2025, India’s two-wheeler market is expected to surpass 50 million units.

2. China

• Market Size: China is a leading two-wheeler market, particularly in electric models, driven by stringent emission norms. By 2027, the two-wheeler market is expected to continue growing due to increasing EV adoption.
• Growth Drivers: Government policies supporting electric vehicles, strong infrastructure for manufacturing, and a massive population requiring cost-effective mobility solutions.

3. Indonesia

• Market Size: Indonesia is the third-largest market globally, with over 112 million registered two-wheelers (2021). The market sees annual sales of over 6 million units.
• Growth Drivers: High population density, rapid urbanization, and the need for affordable personal transportation in congested cities. Two-wheelers are crucial for mobility in both urban and rural areas.

4. Vietnam

• Market Size: Vietnam has over 65 million two-wheelers in circulation, with an annual sales volume of around 3.3 million units (2021).
• Growth Drivers: Rising middle-class incomes, urbanization, and the affordability of two-wheelers make them the preferred mode of transportation. Vietnam is also seeing increasing demand for electric scooters.

The rapid adoption of electric two-wheelers is also gaining momentum in response to government initiatives promoting eco-friendly transportation. The two-wheeler market in India alone is expected to surpass 50 million units by 2025, with electric vehicles (EVs) playing a crucial role in this transformation.

Relevance to the Magnetics Industry

As two-wheeler demand skyrockets, the magnetics industry is poised for substantial growth. Advanced magnetic components are essential for many of the electronic systems that ensure safety and performance in modern two-wheelers, including TPMS, immobilizers, and NFC-enabled access solutions. PREMO’s advanced magnetic components, such as coils and antennas, play a critical role in ensuring the reliability, efficiency, and compactness of these systems. The rise of electric two-wheelers also brings new opportunities for magnetic components in battery management systems, motor control, and charging solutions.

The ongoing evolution of two-wheeler security and convenience features—powered by PREMO’s cutting-edge magnetic technology—underscores the significance of magnetics in shaping the future of urban mobility in Asia and beyond.

For more information, please visit our website: https://www.grupopremo.com/en/

About PREMO Group??

PREMO Group is a leading developer and manufacturer of advanced electromagnetic components, offering a wide range of products and solutions for the automotive, industrial, renewable energy, and medical sectors. With a commitment to innovation and excellence, PREMO Group is dedicated to delivering superior quality and performance to customers worldwide.

https://www.grupopremo.com/en/

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Press Contact:

Jonas Maier

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PREMO S.L.

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