Automotive Vehicle Security Systems Market Size to Grow at a CAGR of 6.5% by 2021

Automotive Vehicle Security System Market is expected to grow at a CAGR of 6.5% during 2016-21, according to a newly added report by Stratview Research. 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.

The report offers detailed insights in relevant market segments, their growth rates, latest market trends, forecasts, and other important details. The market has been segmented in five ways and the report has more than 150 figures and tables providing the most comprehensive information about the market segments and their growth prospects for the forecast period of 2016-2021.

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As per the report, among different vehicle types, 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.
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.

View the Table of Contents here https://www.stratviewresearch.com/toc/158/automotive-vehicle-security-systems-market.html

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.

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The report further mentions about the key manufacturing players Continental AG, Robert Bosch, Hella Group, Delphi, Lear Corporation, Valeo, TRW Automotive, Alps Electric and Mitsubishi Electric Corporation. who are emerging fast and their roles in the growing market. It also portraits the important mergers, acquisitions, and other current happenings in the Vehicle Security System Market that can be helpful for the interested clients in analysing the market and taking right decisions accordingly.

Salient Features of the Report
The report on vehicle security system market is a well-researched work after analysing of various data from different reliable sources. The report included some of the salient features such as:
• Market structure,
• Market environment analysis,
• Market trend and forecast analysis,
• Market segment trend and forecast,
• Competitive landscape and dynamics,
• Attractive market segments and associated growth opportunities,
• Emerging trends,
• Strategic growth opportunities for the existing and new players,
• Key success factors

About Stratview Research:
Stratview Research is a global research company offering custom research and marker research reports for interested client in different sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Healthcare & Life Sciences, and Oil & Gas. All the reports generated are based on proper data collected from reliable sources and are scrutinized carefully before releasing so that the interested clients and companies can make the most out of it.

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

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About Stratview Research
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This release was published on openPR.