PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1452433
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1452433
Car Security System Market Size - By Product (Central Locking System, Car Alarm, Immobilizer, Remote Keyless Entry), By Vehicle (Passenger Car, Light Commercial Vehicle), By Sales Channel (OEM, Aftermarket), Regional Outlook & Forecast, 2024 - 2032
Global Car Security System Market is expected to grow at a rate of 6% during 2024-2032, driven by rising incidence of vehicle thefts, increasing awareness about vehicle safety, and technological advancements in security systems.
According to GoodCar, globally, there were over 1.4 billion vehicles on the road in 2022, with an annual growth rate of approximately 2.5% over the past few decades. As vehicles become more affordable and accessible, there is a corresponding increase in vehicle ownership rate. With a larger number of vehicles on the road, the risk of theft and vandalism also rises. In response, consumers are seeking out car security systems to safeguard their valuable assets. These systems provide peace of mind and protection against potential threats, driving up demand for car security solutions.
The overall car security system industry is classified based on product, vehicle, sales channel, and region.
Light commercial vehicles (LCVs) segment is poised to grow rapidly till 2032, owing to their wide usage for transportation and delivery purposes, making them susceptible to theft and vandalism. As a result, fleet owners and operators are investing in security systems to safeguard their vehicles and cargo. Car security systems tailored for LCVs often include features such as remote immobilization, tamper alerts, and real-time tracking, providing enhanced protection and peace of mind to businesses operating in the logistics and transportation sectors.
Aftermarket segment share is anticipated to grow rapidly by 2032, owing to their role in the distribution and adoption of car security systems. Aftermarket products offer consumers the flexibility to upgrade or retrofit their vehicles with advanced security solutions, independent of the original equipment manufacturer (OEM). Moreover, with the increasing demand for aftermarket security systems and the availability of easy-to-install DIY kits, further growth is expected.
Europe car security system market is expected to gain prominence by 2032, driven by high vehicle ownership rate, stringent safety regulations, and increasing consumer awareness about vehicle theft prevention. Countries like Germany, France, and the United Kingdom are witnessing growing demand for advanced security solutions, particularly in urban areas with higher crime rates. Furthermore, collaborations between automotive manufacturers and security system providers to integrate security features into new vehicle models are further propelling market growth in the region.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360 degree synopsis, 2018-2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Supplier landscape
- 3.2.1 Component suppliers
- 3.2.2 Manufacturers
- 3.2.3 Technology providers
- 3.2.4 System integrators
- 3.2.5 Distribution channel
- 3.2.6 End users
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news & initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Rise in vehicle theft incidents
- 3.8.1.2 Growing awareness among consumers about the importance of vehicle security
- 3.8.1.3 Increasing sales of luxury and high-end vehicles
- 3.8.1.4 Continuous advancements in technology
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 High initial costs
- 3.8.2.2 False alarms and nuisance
- 3.8.1 Growth drivers
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Product, 2018-2032 ($Mn)
- 5.1 Key trends
- 5.2 Central locking system
- 5.3 Car alarm
- 5.4 Immobilizer
- 5.5 Remote keyless entry
- 5.6 Others
Chapter 6 Market Estimates & Forecast, By Vehicle, 2018-2032 ($Mn)
- 6.1 Key trends
- 6.2 Passenger car
- 6.2.1 Compact
- 6.2.2 Mid-Size
- 6.2.3 Luxury
- 6.2.4 SUV
- 6.3 Light commercial vehicle
Chapter 7 Market Estimates & Forecast, By Sales Channel, 2018-2032 ($Mn)
- 7.1 Key trends
- 7.2 OEM
- 7.3 Aftermarket
Chapter 8 Market Estimates & Forecast, By Region, 2018-2032 ($Mn)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Russia
- 8.3.7 Nordics
- 8.3.8 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Southeast Asia
- 8.4.7 Rest of Asia Pacific
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
- 8.5.4 Rest of Latin America
- 8.6 MEA
- 8.6.1 South Africa
- 8.6.2 Saudi Arabia
- 8.6.3 UAE
- 8.6.4 Rest of MEA
Chapter 9 Company Profiles
- 9.1 ALPHA Corporation
- 9.2 Alps Alpine Co., Ltd.
- 9.3 Aptiv plc
- 9.4 Atech Automotive (Wuhu) Co., Ltd.
- 9.5 Avital
- 9.6 Code Alarm Vehicle Security Systems
- 9.7 Continental AG
- 9.8 Denso Corporation
- 9.9 Directed Electronics, Inc.
- 9.10 Hella GmbH & Co. KGaA
- 9.11 Huf Hülsbeck & Fürst GmbH & Co. KG
- 9.12 I Car Srl
- 9.13 Marquardt GmbH
- 9.14 Mitsubishi Electric Corporation
- 9.15 Robert Bosch GmbH
- 9.16 Stoneridge Inc.
- 9.17 Tokai Rika,Co, Ltd.
- 9.18 Valeo S.A.
- 9.19 Viper Security
- 9.20 ZF Friedrichshafen AG
