The analysts forecast the global passenger car security systems market to grow at a CAGR of 4.01% over the period 2014-2019.

Deerfield Beach, FL -- (SBWire) -- 07/24/2015 --Global Passenger Car Security Systems Market 2015-2019

With an increase in the production and sales of vehicles worldwide, instances of car theft or hijacking are on the rise. Passenger car security products such as immobilizers, alarms, central locking systems, and RKE protect cars from theft or hijacking. These passenger car security products Immediately alert the owner and the SOCs in cases of theft.

The analysts forecast the global passenger car security systems market to grow at a CAGR of 4.01% over the period 2014-2019.

Technologies such as RFID, RTLS, and GPS are used to track down stolen cars. For instance, General Motors' subsidiary, OnStar, provides car navigation systems, subscription-based communications, roadside assistance, and stolen vehicle assistance.

With the increasing number of car thefts, there is growing awareness about passenger car security systems among end-users. Vendors are also increasing their reach through advertisements, trade fairs, seminars and webinars, and other promotional events. This is helping end-users in choosing suitable passenger car security systems.

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"Several mobile app vendors are introducing vehicle tracking systems, which can be easily installed in the mobile devices,".

"These apps help drivers connect their smartphones wirelessly through the Internet to the vehicle for functions such as tracking vehicle location, lock/unlock a car, remotely start a car, and press the panic button in case of emergency."

Covered in this Report
The report covers the present scenario and the growth prospects of the global passenger car security systems market for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the sales of security products for passenger cars, which is dependent on car production and car sales.

The market is segmented on the basis of the following:

Products: Immobilizers, vehicle alarms, central locking systems, and RKE
Geography: Americas, EMEA, and APAC

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The report also presents the vendor landscape and a corresponding detailed analysis of the top six vendors in the market. In addition, the major drivers that influence market growth are discussed in the report. It also outlines the challenges faced by vendors and the market at large, as well as the key emerging trends.

The report, global passenger car security systems market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key Market Drivers
Growing Customer Awareness
Need for Reliable Passenger car security Systems
Need to Comply with Government Regulation
Availability of Affordable Passenger car security Solutions

Key Market Trends
Increase in Number of Partnerships
Increased Usage of Smart Mobile Apps in Passenger car security Systems
New Alliances among Service Providers
Increased Adoption in Developing Countries

Key Market Vendors
Alps Electric Co. Ltd.
Continental AG
Delphi Automotive LLP
Mitsubishi Electric Corp.
Robert Bosch GmbH
TRW Automotive Holdings Corp.

To define the market circumstances in the next 3-4 years, Our analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.