Automotive Immobilizer Market - Competitive Dynamics and Global Industry Outlook 2024
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The market for automotive immobilizers is likely to expand during the forecast period, primarily due to introduction of various regulations pertaining to vehicle safety. Different regulatory authorities worldwide are continuously focused on standardization and improvement of safety measures even in entry-level vehicles. Thus, there has been an increasing implementation of engine immobilizers in automobiles. Currently, most cars adopt electromagnetic vehicular entry systems and various regulations like electromagnetic compatibility. These protocols reduce unwanted electromagnetic emissions and avoid electromagnetic disturbances in vehicles. Moreover, with advancement of technology, keyless entry systems are being developed which use smartwatches or smartphones for locking and unlocking vehicle doors. These factors have resulted in increasing demand for advanced security systems, which in turn is likely to fuel the growth of the automotive immobilizer market. Furthermore, growing usage of 3D gesture key fob has enhanced the security system of vehicles and is expected to support the development of the immobilizer market. Once the ignition is turned off and the door has been locked, the immobilizer is turned on by the key fobs. Hence, these fobs automatically activate the immobilizer in the absence of the driver, thereby providing a sophisticated and advanced security system. However, the market for automotive immobilizers is likely to witness challenges arising from concerns regarding electrical vulnerability of the security system.
The automotive immobilizer market is divided into two segments, namely vehicle type and geography. On the basis of types of vehicles, the market is categorized into passenger cars, light commercial vehicles, and heavy commercial vehicles. On the basis of geography, the market is categorized into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Currently, North America is dominating the market, owing to increasing demand for installation of immobilizers in vehicles. The U.S. is expected to account for the largest share of the market in North America in the coming years. Asia Pacific is anticipated to expand with the largest CAGR during the forecast period, with China being the key contributor to the expansion of the market. The major reason is attributed to increasing production of vehicles with advanced safety features in this region. The automotive immobilizer market is also anticipated to grow at a stable rate in Middle East and Africa, and Latin America owing to expanding automotive infrastructure in these regions.
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Some of the major players operating in the automotive immobilizers market are Continental AG (Germany), Delphi Automotive (U.K.), Robert Bosch GmbH (Germany), Hella KGaA Hueck & Co. (Germany), Mitsubishi Electric Corporation (Japan), Alps Electric Co., Ltd. (Japan), Lear Corporation (U.S.), Mastergard Enterprises Inc. (Canada), NXP Semiconductors N.V. (Netherlands), Valeo (France), and TRW Automotive (U.S.) among others.
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