Press release
Vehicle Security Systems Market Trends Landscape By Key Players: Tokai Rika, Valeo, Bosch, Continental, Delphi Automotive, Lear Corporation
Global Market Insights
Vehicle Security Systems Market size will witness a substantial growth in near future. Diverse variety of the product is used in automobiles for safety, security and alerts. Device are used to prevent unauthorized appropriation of goods considered valuable. It is fitted in different parts of automobile to protect automobile components and is widely used to ensure safety of passengers and vehicles from theft activities.
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Top Key Players: -
Some of the key players in vehicle security systems market are Tokai Rika, Valeo, Bosch, Continental, Delphi Automotive, Lear Corporation. Valeo acquired gestigon in 2017, the move was taken to gain technological leadership in automated driving.
Market share calculation in this report is not done based on companies covered in it. The calculation of Vehicle Security Systems Market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
Asia Pacific, especially India and China are major contributors in vehicle security systems market. The region is largest automobile producer in the world. Additionally, increasing population, rise in disposable income are factors boosting demand for the product.
China automobile sales will grow over 4.5% in 2017 as taxation is curtailed down on hatch back cars engine. The country hosts nearly all recognized brands car manufacturers that includes Audi and Venucia. The product is featured by these car manufacturers making it most desirable feature in an automobile.
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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.
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.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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