Harrisburg, NC -- (SBWIRE) -- 03/09/2019 -- Global Vehicle Security System Market Size, Status and Forecast 2019-2025
Globally, the demand for hybrid vehicles has risen considerably, boosting vehicle manufacturing worldwide. Due to increase in the sales and production of vehicles, instances of hijacking and car theft have also increased. This, in turn, is fuelling the demand for vehicle security systems.
Vehicle security systems such as alarms, central locking, remote keyless entry, passive entry systems, and immobilizers are designed to protect cars from hijacking or theft. Recent technologies such as RFID, GPS, and RTLS have also come to into use for tracking down stolen cars. Regionally, Asia Pacific has been showing attractive opportunities for the market, trailed by North America and Europe. Growing awareness about vehicle safety and the increasing installation of state-of-the-art safety gadgets in vehicles have been driving the global vehicle security system market.
The Global Vehicle Security System market by value is projected to be at USD 10.75 Billion with a CAGR of 7.2% from 2016 to 2021.
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Top Leading Companies are: Continental,Delphi Automotive,Lear,Bosch,Valeo,Hella Kgaa,TRW Automotive,Tokai Rika
Rising car thefts globally has boosted device demand at a higher pace. Frequent incidents have increased consumer awareness about various safety devices. It is installed by car manufacturers during production to alert drivers of certain unanticipated incident. Bulging theft incidence globally is surging vehicle security systems market. Large number of new entrants in the industry are intensifying competition, that makes vehicle security systems market highly competitive in nature. Companies are manufacturing diverse variety of products for various automobiles parts. Upsurge in car purchase and consumer needs for these security devices is increasing demand of the product at faster pace.
Challenges in vehicle security systems market are its high cost and probability of false alarm. Technology used in creating devices are new in the industry thus, it incurs high initial cost for installation. It can ring false alarm due to rain or any other physical contact that can cause surrounding disturbances. These factors are creating hurdles in device growth and its usage.
Contents of the 15 Chapters for This Vehicle Security System Market Study:-
Chapter 1, to describe Vehicle Security System Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Vehicle Security System , with sales, revenue, and price of Vehicle Security System , in 2017 and 2019;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2017 and 2019;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Vehicle Security System, for each region, from 2013 to 2019;
Chapter 5, 6, 7, 8 and 9, to analyze the key regions, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2019;
Chapter 12, Vehicle Security System market forecast, by regions, type and application, with sales and revenue, from 2019 to 2025;
Chapter 13, 14 and 15, to describe Vehicle Security System sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
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Vehicle Security System Market, by Type:
Alarm
Immobilizer
Remote Keyless Entry
Passive Keyless Entry
Central Locking System
Vehicle Security System Market, by End User:
Passenger Car
Commercial Vehicle
Off-Highway Vehicle
Vehicle security systems market is segmented as per product into remote keyless entry, alarm, immobilizers, passive keyless entry and central locking. It is further divided on the basis of its technology such as global system for mobile communication, face detection, real time location, and positioning device. Passenger, commercial and off highway automobile use the device at wide level.
Belgium and Spain account for highest number of car theft cases globally. In 2012, Belgium reported 100,000 car robberies that is highest among all the other countries. Growing theft in the country drives demand for Europe vehicle security systems market. North America, led by the U.S. is largest luxury car manufacturer. The product is optional in low budget vehicles but is mandatory in all luxury cars. It provides ease in detecting theft, provides protection, adds value and prestige in automobile. Rising technological advancement and elevating luxury cars demand is expected to drive vehicle security system market.
Asia-Pacific accounted for the largest share, in terms of value, of the global vehicle security system market in 2016. OEMs are subsequently increasing production capacity and expanding technical centers to meet the demand for these vehicles. The automotive industry in Asia-Pacific has witnessed a year-on-year increase in sales. The region is the leading producer of automobiles in the world.
North America is estimated to constitute the second-largest vehicle security system market, by value, in 2016. The region is dominated by domestic OEMs such as Ford Motor Company (U.S.), General Motors (U.S.), and Fiat-Chrysler Automotive (U.S.). The large customer base and high disposable income of end-users have fueled the demand for vehicles in the country, which has resulted in increased manufacturing activities by local automotive OEMs. The European region has been segmented into Germany, France, the U.K., and Italy. Europe is estimated to account for the third-largest share in the global vehicle security system market in 2016.
The report will make detailed analysis mainly on the development environment, Market size, development trends, operation situation and future development trends of Vehicle Security System Market on the basis of current situation of the industry in 2019 so as to make full comprehension and judgment on the competitive situation of Vehicle Security System Market Carrier and assist manufacturers and investment organization to better grasp the development course of Vehicle Security System Market.
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Important attributes of the report:
The 360-degree Vehicle Security System overview based on a global and regional level.
Market share, value, volume, and production capacity is analyzed on global, regional and country level.
A complete and useful guide for new market aspirants.
Forecast information will drive strategic, innovative and profitable business plans.
SWOT analysis of players will pave the way for growth opportunities, risk analysis, investment feasibility and recommendations.
Lastly, the research methodology and data sources are offered in this report.
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