Driven by the customers’ demand of high security vehicles, Automotive Vehicle Security Systems Market zooms at a CAGR of 6.5%

Market & Growth Prognosis: Analyzing the market over a period of 2010-15 Stratview Research goes to the crux of the issues shaping the market and estimates the most probable future growth rate for the Automotive Vehicle Security Systems Market during the period 2016-21.

Stratview Research triangulates the market to grow at a healthy CAGR of 6.5% over the next five years.

The Diverse Stand Points

The true picture of the market shall not emerge till the time the market is analyzed from various point of views. Each vantage point gives better understanding of the market. The market of Automotive Vehicle Security Systems has been viewing from various perspectives such as:

Dissection By (Segments)
1. Vehicle Type (Passenger Cars, Light Duty Vehicles, Medium- & Heavy-Duty Vehicle)
2. Product Type (Alarm, Immobilizers, Remote Keyless Entry, Passive Keyless Entry, central Locking System)
3. Technology Type (Position System, Mobile Communication System, Face Detection, Real Time Location System)
4. End Market (OEM, Aftermarket)
5. By Region (North America, Europe, Asia-Pacific and Rest of the World)

Each view helps us answer a prominent question, and we bring out the best market intelligence which is of interest to each and every player in the market, no matter where he lies in the value chain.

The answers to the prominent questions which are evinced out of above slicing of the market are:
● Which are the best performing segments of the market?
● Which is the most dominant region?
● Which material is the most promising?
● Who are the movers and shakers of the market?
● What are the regional growth hotspots?
● What are the segmental growth forecasts?

To get the feel of how our best in class, cutting-edge market research report feels, request a sample:
https://www.stratviewresearch.com/Request-Sample/158/automotive-vehicle-security-systems-market.html

The Factors Driving the market

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.

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.

The rise of passive keyless entry system

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 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.

Driven by demand, Asia-Pacific has the hegemony over the market

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.

Get the Stratview Leverage, and boost your business.

The insights delivered in our report helps business take bold decisions and make smarter moves. It is the emerging trends what have to be understood well in advance for the firms to take an informant decision. We can help you by giving you the market scenario and its growth hotspots. The decision still rests with you.

The Report Highlights:

The Research Report offers a detailed look into market, its robust growth perspective, the factors influencing the industry, the competition intensity and a peek into 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

Click Here for Other Reports from Stratview Research in the Automotive Industry:
https://www.stratviewresearch.com/market-reports/Automotive-Transportation.html

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.