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    Automotive Vehicle Security Systems Market | Covid-19 Impact Analysis

    Automotive Vehicle Security Systems Market | Covid-19 Impact Analysis

    Automotive Vehicle Security Systems Market | Covid-19 Impact Analysis
    Report code - SRTI120 Delivery - 2 Weeks
    Automotive Vehicle Security Systems Market Size, Share, Trend, Forecast, & Competitive See more...
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    Impact of COVID-19 on Automotive Vehicle Security Systems Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Automotive Vehicle Security Systems Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Automotive Vehicle Security Systems Market Insights

    The usage of the vehicle security system in the global automotive industry has gradually increased over the period of time. Demand for high security due to increasing car theft instances across the globe is creating the need for efficient vehicle security systems. Today, almost all the major automakers are offering vehicle security systems for their vehicles either as a standard or an optional feature. The vehicle security system not only provides security but also enhances the passenger’s convenience level.

    The global automotive security systems market offers a good growth opportunity and is expected to witness >6% CAGR during the forecast period. Some of the major drivers of global automotive vehicle security systems market are-

    • Increasing automotive production
    • Stringent vehicle theft prevention regulations
    • Focus on high comfort and convenience
    • Customers’ demand of high security vehicles

    Automotive-Vehicle-Security-Systems-Market-Dominant-Segments

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    Automotive Vehicle Security Systems Market Share Analysis

    Automotive Vehicle Security Systems Market Share by Product Type

    Immobilizers occupied major share in the global vehicle security systems market in 2019. An engine immobilizer is a very simple circuit and is currently incorporated in 100% of the vehicles either as a standard and as optional feature. 

    Remote keyless entry (RKE) system has been experiencing robust growth since the last decade and will continue to be the most dominating keyless entry system type in the next five years. However, demand of more secure and convenient systems has resulted in the development of the passive keyless entry system (PKE). PKE system is expected to witness the fastest growth in the next five years.

    Automotive Vehicle Security Systems Market Share by Vehicle Type

    Passenger car segment is expected to remain the largest segment in the vehicle security systems market during the forecast period. High demand of comfort and security, and increasing car production will drive the demand of the vehicle security systems in the passenger car segment.

    Regional Insights

    Asia-Pacific is expected to be the growth engine of the global automotive vehicle security systems market in the next five years, driven by emerging economies, such as China and India. China is the world’s largest automotive market with good growth potential in the next five years. Increasing disposable income and demand of high security featured vehicles has spurred the growth of efficient security system in this region. All the major security system manufacturers are targeting the Asia-Pacific region and increasing manufacturing capacity to tap the growth potential.

    Automotive-Vehicle-Security-Systems-Market-By-Region

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    Key Players

    The supply chain of this market comprises raw material suppliers, vehicle security system manufacturers, distributors, and Automotive OEMs. The key automotive OEMs are-

    • Toyota
    • Daimler
    • GM
    • Ford
    • Hyundai
    • Chrysler

    The global automotive vehicle security systems market is a consolidated market and is dominated by a few large players. The key vehicle security system manufacturers for the global automotive industry are-

    • Continental AG
    • Robert Bosch
    • Hella Group
    • Delphi
    • Lear Corporation
    • Valeo
    • TRW Automotive
    • Alps Electric
    • Mitsubishi Electric Corporation

    New product development, capacity expansion and regional expansion are the key strategies adopted by the key players to gain competitive edge in the market.

     

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2014-2025

    Forecast

    >6% CAGR during 2020-2025

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

    The market is segmented in the following ways:

    Automotive Vehicle Security Systems Market Size, Share & Forecast by Vehicle Type:

    • Passenger Car
    • Light Duty Vehicles
    • Medium & Heavy-Duty Vehicles

     Automotive Vehicle Security Systems Market Size, Share & Forecast by Product Type:

    • Alarm
    • Immobilizers
    • Remote Keyless Entry (RKE)
    • Passive Keyless Entry (PKE)
    • Central Locking System

     Automotive Vehicle Security Systems Market Size, Share & Forecast by Technology Type:

    • Position System
    • Mobile Communication System
    • Face Detection System
    • Real Time Location System

    Automotive Vehicle Security Systems Market Size, Share & Forecast by End-Use Type:

    • OEM
    • Aftermarket

    Automotive Vehicle Security Systems Market Size, Share & Forecast by Region:

    • North America
    • Europe
    • Asia – Pacific
    • Rest of the World

    Automotive-Vehicle-Security-Systems-Market-Segmentation

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    Report Features

    This report, from Stratview Research, studies the global vehicle security systems market in the automotive industry over the period 2014 to 2025. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3)
    • SWOT analysis of key players (up to 3)

    Regional Segmentation

    • Current market segmentation of any one of the regions by product type

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your enquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of the Vehicle Security Systems Market in the foreseeable years?

    Driven by a number of factors like Increasing automotive production, the vehicle security systems market is projected to grow at >6% CAGR in the foreseeable future.

    Which country/region is expected to be the growth engine of Vehicle Security Systems Market?

    Asia-Pacific is expected to be the growth engine of the global automotive vehicle security systems market in the next five years, driven by emerging economies, such as China and India.

    Who are the key players in the Vehicle Security Systems Market?

    Continental AG, Robert Bosch, Hella Group, Delphi, Lear Corporation, Valeo, TRW Automotive, Alps Electric and Mitsubishi Electric Corporation. are among the key players in the Vehicle Security Systems Market.

    Which vehicle type is expected to remain the largest segment in the Automotive Vehicle Security System Market?

    Passenger car segment is expected to remain the largest segment in the vehicle security systems market during the forecast period.

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