Automotive Immobilizer Market to witness 4.4% CAGR in 2021
This report is segmented in three ways to provide a 360-degree holistic view. The segments are –
• By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium- and Heavy-Duty Commercial Vehicle)
• By End Market (OEM, Aftermarket)
• By Region
o Europe (Country Analysis: France, Germany, the UK, Spain, Russia, and Rest of Europe)
o Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
o Rest of the World (Country Analysis: Brazil, Argentina, and Others)
Stratview Research has presented the study of Automotive Immobilizer Market over the trend period of 2010 to 2015 and forecast period of 2016 to 2021. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
key immobilizer manufacturers for the global automotive industry are Continental AG, Robert Bosch, Hella Group, Delphi, Valeo, TRW Automotive, Alps Electric and Mitsubishi Electric Corporation.
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Growth of the immobilizers in the automotive industry
An engine immobilizer is an anti-theft system that comprises an electronic security device fitted to the vehicle. It prevents the engine from running unless the correct key is present. Automotive key fob is either a digital coded key or a smart key embedded with a RFID transponder which sends signals to the immobilizer control unit. The engine immobilizer is an electronic chip embedded into the ECU of the vehicle, which is activated by a key fob. If the code in the key and the immobilizer matches, the ECU activates the fuel and ignition system of the vehicle.
Rising vehicle theft has always been a concern to the government of the many countries. Countries have started implementing vehicle theft prevention regulations with the purpose to curb the vehicle theft. Some major automobile producing countries, such as Germany and US have implemented the regulations that mandate immobilizers for all new vehicles sold. This has led to the growth of the immobilizers in the automotive industry and currently, almost 100% of the new vehicles have immobilizers either as a standard or an optional feature.
The global immobilizer market in the automotive industry promises a good growth opportunity and is expected to witness 4.4% CAGR during the forecast period of 2016 to 2021. Increasing automotive production, stringent vehicle theft prevention regulations, growing keyless entry systems market, and demand of high security vehicles are the major drivers of the global automotive immobilizer market.
Passenger car to remain dominant type
Passenger car segment is expected to remain the largest immobilizers market during the forecast period. High demand of better comfort, security vehicles and increasing car production will continue to drive the demand of the immobilizers in the passenger car segment.
Asia-Pacific region will remain the growth engine
Asia-Pacific region will remain the growth engine of the global automotive immobilizers market in the next five years, driven by emerging economies, such as China and India. China is the world’s largest automotive market with strong growth potential in the next five years. Increasing disposable income and demand of high security featured vehicles have spurred the demand for efficient security systems in this region. All the major immobilizer manufacturers are targeting the Asia-Pacific region and increasing manufacturing capacity to tap the growth potential.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors
• Research Methodology
This report studies the Automotive Immobilizer Market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -
• Extensive secondary research,
• Rigorous primary interviews with more than 15 industry stakeholders across the value chain.
• Validation and triangulation of data with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.
Click Here for Other Reports from Stratview Research in the Automotive & Transportation Industry: https://www.stratviewresearch.com/market/report/Automotive-Transportation.html
About Stratview Research
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