Market Research Report
Global Car Security System Market Size study, by Type (Alarm, Immobilizer, Remote Keyless Entry, Passive Keyless Entry, Central Locking System) and Regional Forecasts 2021-2027
|Global Car Security System Market Size study, by Type (Alarm, Immobilizer, Remote Keyless Entry, Passive Keyless Entry, Central Locking System) and Regional Forecasts 2021-2027|
Published: August 26, 2021
Bizwit Research & Consulting LLP
Delivery time: 2-3 business days
Global Car Security System Market is valued approximately USD XX billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.5% over the forecast period 2021-2027.
Car security system are designed to alert individuals if any unauthorized person tries to tamper with a vehicle and serves as a theft-deterrent system.
Increasing competition among automakers and increasing number of advanced security technologies as well as extensive use of telematics for enjoying the comfort and ease of car monitoring techniques are factors driving the growth of market in forthcoming period.
In 2020, Australian Government Department modernized the automotive industry by allocating fund from Industry Science and Resources. These initiatives and funding helped the equipment manufacturers to develop new car security devices for electric and hybrid vehicles. On 23rd November 2020, BANVIE came up with a car security alarm system which is available with the arm/lock mode. The procedure is to press the lock button once, which will automatically lock the central door system rolling up the power window, within 30 seconds.
Manufacturers are providing advanced car security systems only in their premium variants of cars and high cost of premium security features is hampering the growth of market. However, increased demand for application-based technologies and biometric technology as well as growing establishment of car manufacturing plants is booming the opportunities for the market in forthcoming period.
The regional analysis of Global Car Security System Market is considered for the key regions such Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific market is dominating the market across the globe. The automotive industry is set to grow at a rapid rate in developing countries such as India and China. One of the main driving factors is technological advancements in the region. Additionally, the European vehicle security system market is estimated to witness substantial growth as it is the major hub for several OEMS with 292 vehicle assembly and production plants in 26 countries.
Major market player included in this report are:
Delphi Automotive PLC
Hella KGaA Hueck & Co.
Tokai Rika Co., Ltd.
Mitsubishi Electric Corporation
Robert Bosch GmbH
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the Industrial within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Remote Keyless Entry
Passive Keyless Entry
Central Locking System
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Car Security System Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
List of figures