Automotive Vehicle Security Systems Market estimated to grow at 6.5% CAGR in the forecast period (2016-2021)

Summary:
The report on the Automotive Vehicle Security Systems Market by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2016-2021. The report also offers insights into different market segments and other factors affecting the market.

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Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Automotive Vehicle Security Systems Market is expected to inflate at impressive CAGR of 6.5% by the forecast period (2016 – 2021).

As per the report, the market is segmented by:
• By Vehicle Type: Passenger Car, Light Duty Vehicles, Medium & Heavy Vehicles
• By Product Type: Alarm, Immobilizer, Remote Keyless Entry, Passive keyless Entry, Central Locking System
• By Technology Type: Position System, Mobile Communication System, Face Detection System, Real Time Location System
• By End Market: OEM, Aftermarket
• By Region: North America, Europe, Asia-Pacific, Rest of the World

The Table of Contents can be gone through here:
https://www.stratviewresearch.com/toc/158/automotive-vehicle-security-systems-market.html

Highlights of the Report:

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.

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.

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 Players of the Market

The market is consolidated in nature with five major players Alps Electric, Continental AG, Delphi Automotive, Denso Corporation, Lear Corporation holding together the major share in the market, with Alps Electric being the key player.
Other important firms are Robert Bosch GmbH, Hella Kgaa Hueck & Co., Marquardt, Mitsubishi Electric Corporation, Tokai Rika Co., Ltd, Valeo SA, ZW TRW Automotive

Features of the Report

The Report discusses about the working of the Vehicle Security Systems, the various types, and the growth of the Vehicle Security Systems in the global market. Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

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Ritesh Gandecha
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176

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This release was published on openPR.