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Automotive Vehicle Security Systems Market Report
Automotive Vehicle Security Systems Market Size, Share, Trend, Forecast, & Competitive Analysis
The global automotive security systems market offers a good growth opportunity and is expected to witness >6% CAGR during the forecast period.
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.
Some of the major drivers of the global automotive vehicle security systems market are-
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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.
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.
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.
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Research Scope |
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|---|---|
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Trend & Forecast Period |
2014-2025 |
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Forecast |
>6% CAGR during 2020-2025 |
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Regions Covered |
North America, Europe, Asia-Pacific, Rest of the World |
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Figures & Tables |
>150 |
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Customization |
Up to 10% customization available free of cost |
The market is segmented in the following ways:
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The supply chain of this market comprises raw material suppliers, vehicle security system manufacturers, distributors, and Automotive OEMs.
The key automotive OEMs are-
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-
New product development, capacity expansion and regional expansion are the key strategies adopted by the key players to gain competitive edge in the market
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.
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:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Regional Segmentation
Competitive Benchmarking
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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.
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.
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.
Passenger car segment is expected to remain the largest segment in the vehicle security systems market during the forecast period.
PKE system is expected to register the fastest growth in the automotive vehicle security system market during the next five years.
Increasing automotive production, stringent vehicle theft prevention regulations, focus on high comfort and convenience, customers’ demand of high security vehicles are the factors driving the growth of automotive vehicle security system market.
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