Vehicle Security Systems Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025

Report ID: GMI1907




Summary Methodology

Vehicle Security Systems Market size will witness a substantial growth in near future. Diverse variety of the product is used in automobiles for safety, security and alerts. Device are used to prevent unauthorized appropriation of goods considered valuable. It is fitted in different parts of automobile to protect automobile components and is widely used to ensure safety of passengers and vehicles from theft activities.  
 

Commercial and passenger car industry will grow at over 10% and 9% respectively in next five years. Growing population worldwide is rising demand for vehicle security systems market. The system is used as an essential part of car to provide protection from unforeseen incidents. Passenger and commercial car segments are fastest growing sector in the economy. 2016 was a record breaking year for global car sales. Increasing spending on cars has fueled vehicle security system market.
 

Rising car thefts globally has boosted device demand at a higher pace. Frequent incidents have increased consumer awareness about various safety devices. It is installed by car manufacturers during production to alert drivers of certain unanticipated incident. Bulging theft incidence globally is surging vehicle security systems market.
 

Large number of new entrants in the industry are intensifying competition, that makes vehicle security systems market highly competitive in nature. Companies are manufacturing diverse variety of products for various automobiles parts. Upsurge in car purchase and consumer needs for these security devices is increasing demand of the product at faster pace.
 

Challenges in vehicle security systems market are its high cost and probability of false alarm. Technology used in creating devices are new in the industry thus, it incurs high initial cost for installation. It can ring false alarm due to rain or any other physical contact that can cause surrounding disturbances. These factors are creating hurdles in device growth and its usage.
 

Vehicle security systems market is segmented as per product into remote keyless entry, alarm, immobilizers, passive keyless entry and central locking. It is further divided on the basis of its technology such as global system for mobile communication, face detection, real time location, and positioning device. Passenger, commercial and off highway automobile use the device at wide level.
 

Belgium and Spain account for highest number of car theft cases globally. In 2012, Belgium reported 100,000 car robberies that is highest among all the other countries. Growing theft in the country drives demand for Europe vehicle security systems market. North America, led by the U.S. is largest luxury car manufacturer. The product is optional in low budget vehicles but is mandatory in all luxury cars. It provides ease in detecting theft, provides protection, adds value and prestige in automobile. Rising technological advancement and elevating luxury cars demand is expected to drive vehicle security system market.
 

Asia Pacific, especially India and China are major contributors in vehicle security systems market. The region is largest automobile producer in the world. Additionally, increasing population, rise in disposable income are factors boosting demand for the product. China automobile sales will grow over 4.5% in 2017 as taxation is curtailed down on hatch back cars engine. The country hosts nearly all recognized brands car manufacturers that includes Audi and Venucia. The product is featured by these car manufacturers making it most desirable feature in an automobile.
 

Key contributors in vehicle security systems market are Tokai Rika, Valeo, Bosch, Continental, Delphi Automotive, Lear Corporation. Valeo acquired gestigon in 2017, the move was taken to gain technological leadership in automated driving. This would provide Valeo in developing driving assistance operations, particularly in high growth technologies consisting of interior camera and image processing. By combining skills in a larger team, they will sharpen their edge and reinforce their leadership in autonomous and connected cars.
 


What Information does this report contain?

Historical data coverage: 2014 to 2018; Growth Projections: 2019 to 2025.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.


Customize this Report

Pre Book Now

Single User: $5,150 Access to only 1 person; cannot be shared; cannot be printed
Multi User: $7,150 Access for 2 to 5 users only within same department of one company
Enterprise User: $9,150 Access to a company wide audience; includes subsidiary companies or other companies within a group of companies

Need a Discount? Get in touch with us for special pricing

Request Discount

Our Market Research Reports Include:

  • Market snapshot
  • Market Segmentation
  • Value Chain Analysis
  • Growth Dynamics
  • Potential Market Opportunities
  • Regulatory Overview
  • Technology Evolution
  • Innovation & Sustainability

Connect with our sales team

Why Global Market Insights, Inc.?

Reliability & accuracy

  • GMI is unparalleled when to comes to the quality of research and information provided to clients. Our unique methodology is designed to ensure a minimum of 90% accuracy to give our clients excellent value on their investment.

Quality & trust


  • BBB Rating - Click to Verify

Customer service

  • Over 200 experts are available across various time-zones, ready to serve clients for their research needs. Our industry experts help clients to design reports customized to their needs.

Security & compliance

We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X