Press release
Vehicle Security System Market to Register an Impressive CAGR of 8.4% by 2026 | Global Key Players (Robert Bosch GmbH, Delphi Automotive, Continental AG, Mitsubishi Electric Corporation, Lear Corporation)
Market Overview:Global Vehicle Security System market is expected to grow from $8.07 billion in 2017 to reach $16.69 billion by 2026 with a CAGR of 8.4%. The factors that are driving the market are stringent vehicle theft prevention regulations, increase in production of vehicles and rising concerns on vehicle security. However, increase in cost due to premium security features is the major limiting factor for the market growth.
Vehicle Security System protects the vehicle through different security features like car alarm, anti theft and central locking system. It alerts the owner of the vehicles by sending signals and stops the unauthorized person/user from accessing or stealing the vehicle. By product, Remote keyless entry (RKE) system is expected to grow at a significant rate due to their convenient locking feature which helps the passengers to lock their vehicle from certain distance. However, demand of more secure and convenient systems has resulted in the development of the passive keyless entry system (PKE).
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Top Industry Players:
Some of the key players in the Vehicle Security System market include Robert Bosch GmbH, Delphi Automotive, Continental AG, Mitsubishi Electric Corporation, Lear Corporation, Hella Kgaa Hueck & Co., Denso Corporation, Alps Electric, ZF TRW Automotive Holdings Corporation, Valeo SA and Tokai Rika Co., Ltd.
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Market Segments:
By region, Asia Pacific is expected to capture major portion in the market due to emerging automotive industry in China for vehicle security systems. Along with this, the increase in average income in this region drive the demand for vehicle security as the customers expect high quality feature from the premium vehicles they buy.
Products Covered:
• Remote Keyless Entry
• Immobilizer
• Alarm
• Central Locking System
• Passive Keyless Entry
Technologies Covered:
• Face Detection System
• Global Positioning System
• Real-Time Location System
• Global System for Mobile Communication
Vehicle Types Covered:
• Commercial Vehicle
• Off-Highway Vehicle
• Passenger Car
End Users Covered:
• OEM (Original Equipment Manufacturer)
• Aftermarket
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