openPR Logo
Press release

Automotive Vehicle Security Systems Market is expected to witness 6.5% CAGR in 2021

04-02-2019 12:51 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Stratview Research

Automotive Vehicle Security Systems Market is expected

Stratview Research has launched a new research report on Automotive Vehicle Security Systems Market. This report segments the market in five ways to provide a 360-degree holistic view.

The forecast of the market size has been segmented by –
 Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium- & Heavy-Duty Commercial Vehicle),
 Product Type (Alarm, Immobilizer, Remote keyless Entry, Passive Keyless Entry, Central Locking System),
 Technology Type (Position System, Mobile Communication System, Face Detection System, Real Time Location System),
 End Market (OEM, Aftermarket),
 Region
 North America
 Europe
 Asia-Pacific
 Rest of the World

The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Automotive Vehicle Security Systems Market.

Years considered for this report –
 base year 2016
 trend period 2010 – 2015
 forecast period 2016 - 2021

Click here to read the detailed description:

View detailed TOC here:

Vehicle security system market to witness 6.5% CAGR

The usage of the vehicle security system in the global automotive industry has gradually increased over the period of time. Demand for high security due to increasing car theft instances across the globe is creating the need for efficient vehicle security systems. Today, almost all the major automakers are offering vehicle security systems for their vehicles either as a standard or an optional feature. The vehicle security system not only provides security but also enhances the passenger’s convenience level.
The global automotive security systems market offers a good growth opportunity and is expected to witness 6.5% CAGR during the forecast period of 2016 to 2021. Increasing automotive production, stringent vehicle theft prevention regulations, focus on high comfort and convenience, and customers’ demand of high security vehicles are the major drivers of the global automotive vehicle security systems market.

Passive keyless entry system is expected to witness the fastest growth

Immobilizers occupied major share in the global vehicle security systems market in 2015. An engine immobilizer is a very simple circuit and is currently incorporated in 100% of the vehicles either as a standard and as optional feature.
Remote keyless entry (RKE) system has been experiencing robust growth since the last decade and will continue to be the most dominating keyless entry system type in the next five years. However, demand of more secure and convenient systems has resulted in the development of the passive keyless entry system (PKE). PKE system is expected to witness the fastest growth in the next five years.

Passenger cars to be the largest segment

Passenger car segment is expected to remain the largest segment in the vehicle security systems market during the forecast period. High demand of comfort and security, and increasing car production will drive the demand of the vehicle security systems in the passenger car segment.

Request sample here-

Asia-Pacific to be the growth engine

Asia-Pacific is expected to be the growth engine of the global automotive vehicle security systems market in the next five years, driven by emerging economies, such as China and India. China is the world’s largest automotive market with good growth potential in the next five years. Increasing disposable income and demand of high security featured vehicles has spurred the growth of efficient security system in this region. All the major security system manufacturers are targeting the Asia-Pacific region and increasing manufacturing capacity to tap the growth potential.

Key Strategies

New product development, capacity expansion and regional expansion are the key strategies adopted by the key players to gain competitive edge in the market.
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.

Major automotive vehicle security system companies - Continental AG, Robert Bosch, Hella Group, Delphi, Lear Corporation, Valeo, TRW Automotive, Alps Electric and Mitsubishi Electric Corporation.

Report Features
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 Vehicle Security System 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 10 industry stakeholders across the value chain.
 Validation and triangulation of data with Stratview Research’s internal database and statistical tools.
 More than 1000 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.

Stratview Research has several high value market reports in the Automotive industry. Please refer to the following link to browse through our reports:

About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.

400 Renaissance Center, Suite 2600, Detroit, Michigan, MI 48243 United States of America

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Vehicle Security Systems Market is expected to witness 6.5% CAGR in 2021 here

News-ID: 1683323 • Views: 89

More Releases from Stratview Research

Floor Adhesives Market Size to Grow at a CAGR of 5.1% by 2023
Floor Adhesives Market is expected to grow at a CAGR of 5.1% during 2018-2023, according to a newly added report by Stratview Research. This represents an attractive growth opportunity in the entire ecosystem of the market. Growing global construction industry, increasing consumption of adhesives globally, increasing use of water-based adhesives over solvent-based adhesives to reduce VOC emissions, replacement of mechanical fastening systems with adhesives, and the ability of adhesives to
Harmonic Filter Market Size to Grow at a CAGR of 6.4% by 2023
Harmonic Filter Market is expected to grow at a CAGR of 6.4% during 2018-2023, according to a newly added report by Stratview Research. Increasing use of power electronics that basically operates through electronic switching, increasing levels of harmonic distortions of voltage and current waveforms in power systems, increasing usage of variable frequency drives (VFDs), rising demand from the data centers and IT industries, increasing number of metal arc furnaces worldwide,
Sprayed-in-Place Pipe (SIPP) Market Size to Grow at a CAGR of 4.4% by 2024
Sprayed-in-Place Pipe (SIPP) Market is expected to grow at a CAGR of 4.4% during 2019-2024, according to a newly added report by Stratview Research. The SIPP market is mainly driven by the spending of government and municipal corporations towards infrastructure rehabilitation. Most of the water main pipes, wastewater pipes, and storm pipes in the major countries, such as the USA, Germany, and Canada, have reached or almost reaching their retirement
Trenchless Pipe Rehabilitation Market Size to Grow at an impressive CAGR by 2025
The trenchless pipe rehabilitation market is projected to grow at an impressive rate over the next five years to reach an estimated value of US$ 6.4 billion in 2025., according to a newly added report by Stratview Research. The market is mainly driven by the increase in spending of government and municipal corporations of various countries towards infrastructure rehabilitation. Furthermore, increasing awareness towards trenchless (no-dig) technologies in many nations, especially

All 5 Releases

More Releases for Vehicle

Electrical Vehicle Business
India is exploring the market acceptance and industry dynamics of the electric vehicles manufacturing and servicing sector, both are at an early stage, as domestic OEMs are just started launching EV models and the acceptance is growing slowly. The government policies like rolling out new taxes and awareness about these vehicles will improve the interests significantly which will accelerate the segment’s profitability. Although India’s CO2 emission levels from electricity generation are
Reliable Vehicle Performance Testing
Grant Squirrel Ensures Safety and Robustness of Product Line CAS DataLoggers provided a major automobile manufacturer with the data logging solution for its rigorous vehicle performance testing. As part of the testing of any new vehicle, sample units were typically subject to a variety of endurance and durability tests to identify any potential weak points or failure modes and chart their performance. To gather the most detailed record of a car’s
Vehicle Tracking Market
Vehicle Tracking Market – Global Industry Analysis and Forecast (2017-2026) – By Product, Vehicle, Technology, Application and Region. Vehicle Tracking Market size is valued at US$ 8.1 Bn in 2017 and expected to grow at a CAGR of 7.5% in the forecasting period. size is valued at US$ 8.1 Bn in 2017 and expected to grow at a CAGR of 7.5% in the forecasting period. Vehicle tracking market size is estimated
Vehicle Detectors Market Vehicle detectors sense the presence of vehicles. They provide an output signal to a control unit, such as a gate or door operator, to open or close. When used as a safety device, vehicle detectors prevent a gate or door from closing on a vehicle. Global Vehicle Detectors market size will reach xx million US$ by 2025, from xx million US$ in 2017, at a CAGR of xx% during the forecast
Worldwide Technology: Vehicle-To-Vehicle (V2V) Communication Market 2018
Qyresearchreports include new market research report "Global Vehicle-To-Vehicle (V2V) Communication Market Research Report 2018" to its huge collection of research reports. A holistic and detailed overview of the global Vehicle-To-Vehicle (V2V) Communication market that includes information derived from utilizing various quantitative and qualitative analysis techniques has been compiled in this latest market report. This compilation offers its readers a great overview of the Vehicle-To-Vehicle (V2V) Communication market during a forecast period
Global Industrial Vehicle Market
Global Industrial Vehicle Market: Key Trends and Drivers Battery operated vehicles are considered as the biggest drivers for the market today. They can be easily adopted in industries since they’re relatively more economical during operation with low maintenance cost, and work more efficiently. The global industrial vehicle market is characterized by innovative, automated and eco-friendly vehicle. Evolving requirements of material-handling vehicles globally trends the industrial vehicle market growth.