Press release
The Market of Automotive Immobilizer to witness 4.4% CAGR by 2021
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
• Strategic segmentation
• Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Detailed Competitive Rivalry landscaping
• Market trend and forecast analysis
• Future Growth Boulevards
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An overview- growth of 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: The growth engine
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.
A highly/moderately/fragment consolidated Market
The top players are Continental AG, Robert Bosch, Hella Group, Delphi, Valeo, TRW Automotive, Alps Electric and Mitsubishi Electric Corporation.
Regional Hegemony of Asia-Pacific
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.
Comprehensive Market Coverage
Click Here for Other Reports from Stratview Research in the Automotive Industry: https://www.stratviewresearch.com/market-reports/Automotive-Transportation.html
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