Automotive Immobilizer Market estimated to grow at impressive CAGR in the forecast period (2016-2021)

Summary:
The report on the Automotive Immobilizer 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 Immobilizer Market is expected to inflate at impressive CAGR 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-Duty Vehicles
• 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/160/automotive-immobilizer-market.html

Highlights of the Report:

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 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 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.

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

Features of the Report
The Report discusses about the working of the immobilizer, the various types, and the growth of the immobilizer 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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Stratview Research
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Direct: +1-313-307-4176

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This release was published on openPR.