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Automotive Immobilizer Market Size, Share & Forecast (2016-2021) | Covid-19 Impact Analysis
Automotive Immobilizer Market is Segmented by Vehicle type (Passenger Car, Light Duty Vehicle, and Medium & Heavy-Duty Vehicle), by End Market (OEMs and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 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.
An engine immobilizer is an anti-theft system that comprises an electronic security device fitted to the vehicle. It prevents the engine from running unless the correct key is present. Automotive key fob is either a digital coded key or a smart key embedded with a RFID transponder which sends signals to the immobilizer control unit. The engine immobilizer is an electronic chip embedded into the ECU of the vehicle, which is activated by a key fob. If the code in the key and the immobilizer matches, the ECU activates the fuel and ignition system of the vehicle.
Rising vehicle theft has always been a concern to the government of the many countries. Countries have started implementing vehicle theft prevention regulations with the purpose to curb the vehicle theft. Some major automobile producing countries, such as Germany and US have implemented the regulations that mandate immobilizers for all new vehicles sold. This has led to the growth of the immobilizers in the automotive industry and currently, almost 100% of the new vehicles have immobilizers either as a standard or an optional feature.
The global immobilizer market in the automotive industry promises a good growth opportunity and is expected to witness 4.4% CAGR during the forecast period of 2016 to 2021. Increasing automotive production, stringent vehicle theft prevention regulations, growing keyless entry systems market, and demand of high security vehicles are the major drivers of the global automotive immobilizer market.
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Passenger car segment is expected to remain the largest immobilizers market during the forecast period. High demand of better comfort, security vehicles and increasing car production will continue to drive the demand of the immobilizers in the passenger car segment.
Asia-Pacific region will remain the growth engine of the global automotive immobilizers market in the next five years, driven by emerging economies, such as China and India. China is the world’s largest automotive market with strong growth potential in the next five years. Increasing disposable income and demand of high security featured vehicles have spurred the demand for efficient security systems in this region. All the major immobilizer manufacturers are targeting the Asia-Pacific region and increasing manufacturing capacity to tap the growth potential.
The supply chain of this market comprises raw material suppliers, immobilizer system manufacturers, keyless entry system manufacturers, distributors, and Automotive OEMs. The key automotive OEMs are Toyota, Daimler, GM, Ford, Hyundai, and Chrysler.
The global automotive immobilizer market is a consolidated market. The key immobilizer manufacturers for the global automotive industry are Continental AG, Robert Bosch, Hella Group, Delphi, Valeo, TRW Automotive, Alps Electric and 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.
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Trend & Forecast Period
4.4% CAGR during 2016-2021
North America, Europe, Asia-Pacific, Rest of the World
Figures & Tables
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The market is segmented in the following ways:
Automotive Immobilizer Market Size, Share & Forecast by Vehicle Type:
Automotive Immobilizer Market Size, Share & Forecast by End Market:
Automotive Immobilizer Market Size, Share & Forecast by Region:
This report, from Stratview Research, studies the global immobilizer market in the automotive industry over the period 2010 to 2021. 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.
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Driven by a number of factors like Increasing automotive production, the automotive immobilizer market is projected to grow at 4.4% CAGR during 2016-21.
Asia-Pacific region is expected to be the the growth engine of the global automotive immobilizers market in the next five years, driven by emerging economies, such as China and India.
Passenger car is expected to remain the most dominant vehicle type in the market during the forecast period of 2016-21.
Continental AG, Robert Bosch, Hella Group, Delphi, Valeo, TRW Automotive, Alps Electric and Mitsubishi Electric Corporation. are among the key players in the automotive immobilizer market.
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