Automotive Immobilizer Market to grow at a CAGR of 4.35% during 2017-2021: Continental, Delphi, Bosch, Hella, and Mitsubishi Electric Corporation

MarketResearchNest.com adds “Global Automotive Immobilizer Market 2017-2021” new report to its research database. The report spread across 101 pages with table and figures in it.

Research analysts forecast the global automotive immobilizer market to grow at a CAGR of 4.35% during the period 2017-2021.

About Automotive Immobilizer
An automotive immobilizer is primarily an anti-theft system that prevents the vehicle to get started by a fake key or a duplicate key. Most of the modern vehicles come with an electronic key, which consists of electronic codes. When the key is inserted into the vehicle's starting system, the same transmits the electronic code to the vehicle's ECU contained within the immobilizer. If the transmitted codes sent by the transponder chip, placed inside the electronic key, matches with that of the vehicle's immobilizer system, the vehicle will start. In all other conditions, the vehicle would not start representing a condition of a false start by fake key.

Covered in this report
The report covers the present scenario and the growth prospects of the global automotive immobilizer market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

Browse full table of contents and data tables at
https://www.marketresearchnest.com/global-automotive-immobilizer-market-2017-2021.html

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio's report, Global Automotive Immobilizer Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Technavio recognizes the following companies as the key players in the global automotive immobilizer market: Continental, Delphi, Bosch, Hella, and Mitsubishi Electric Corporation.

Other Prominent Vendors in the market are: Alps Electric, AutoWatch, Dynamco, Lear Corporation, Mastergard Enterprises, NXP Semiconductors, Ravelco, STRATTEC SECURITY CORPORATION, TOKAI RIKA, Valeo, and ZF TRW Automotive.

Commenting on the report, an analyst from Research team said: “One trend in the market is development of advanced intelligent key with touch controls. Key fobs, which are a part of keyless entry systems, have been in use for more than a decade. The immobilizer is passively activated once the ignition key is turned off and the vehicle door is closed with the key fob. However, this system is still vulnerable as during the event of a key theft, the holder of the key is free to operate the car.”

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According to the report, one driver in the market is regulatory authorities driving OEM fitment of vehicle security measures. Since several regulatory bodies across the globe have taken initiatives to improve and standardize safety even in entry-level vehicles, immobilizers are gradually attaining an adoption rate of 100%. Present day keyless entry systems communicate with vehicles through microwave or radio frequency. The latest technologies that involve smartphones or smartwatches to unlock/lock vehicle doors have increased the possibility of these systems to be hacked. This is leading to higher security requirements; so, the need for standardization has become inevitable.

Further, the report states that one challenge in the market is system working issues and operating vulnerabilities. Automotive immobilizer system has played a crucial role in improving the security of vehicles since its inception. It has boosted the confidence and trust among the consumers to a certain extent; however, it has not been able to reduce the vehicle thefts. The electronic immobilizers used in modern vehicles have significant advantages and benefits when it comes to vehicle's security; however, in certain situations, owners face vehicle starting issues, which in most cases is due to some problems in the immobilizer's working.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;

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