Global Automotive Security System Market, By Type (Alarm, Immobilizer, Remote Key-Less Entry, Passiv

Published Date: | Report Code : AT1910752

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Increasing demand from OEMs and aftermarket industries for various applications is expected to drive the market growth of the automotive security system market during the forecast period. 

Automotive security systems protect vehicles from theft. Vehicles these days are equipped with different kinds of security systems, either as a standard or as an option.

Segment Analysis:

Some of the automotive security systems include alarms, remote keyless entry, passive keyless entry, and GPS trackers. 

Due to the increasing theft of vehicles in some regions, manufacturers are installing vehicles with reliable security features. As it comes to the convenience list of a vehicle, a buyer is more attracted to the vehicle that possesses reliable security features. All these factors have contributed to the growth of the automotive security system market.

The automotive security system market is expected to be dominated by North America and Europe, as vehicles in these regions come with factory fitted security systems. Among all the security systems, car immobilizer has witnessed significant growth in demand, as it is a simple and effective security system. Moreover, remote keyless entry and passive key-less entry types are becoming a trend among buyers. However, these features are available only in top-end models. However, despite this, aftermarket security system solutions can be installed in basic models too.         

Key Factors Impacting Market Growth:

  • Growing vehicle theft
  • Remote keyless entry and passive key-less entry types are becoming a trend and give manufacturers ample opportunities to grow in this market

Regional Analysis: 

By region, North America, Western Europe, and Asia Pacific are estimated to dominate the automotive security system market in terms of market demand. North America and Western Europe have been traditional markets for the automotive sector with many global manufacturers headquartered in this region. The automotive sector in these regions has been dynamic in terms of technological developments and product modifications. The demand for lightweight materials, cleaner emissions, and green fuels have been some of the key influencing factors in this region. Also, the market has witnessed steady recovery from recent slowdowns in the past decades. Some of these factors are expected to impact the dynamics of the automotive security system market in North America and Western Europe during the forecast period. The US, Germany, France, Italy, UK, and Spain have been some of the major economies for the automotive security system market in the region. 

Asia Pacific is estimated to be the fastest-growing region for the automotive security system market during the forecast period. This region has been one of the lucrative markets for the automotive sector in the past few decades with strategic investments by global companies in the region. China, Japan, India, and South Korea have been some of the major countries for the automotive security system market in the Asia Pacific region. The Middle East promises a strong market potential with the growth of the automotive sector in the region. Countries including UAE, Saudi Arabia, Qatar, and Iran have been diversifying the industrial sector to boost the economy in the past few decades. Other regions including Eastern Europe, South America, and Africa are estimated to emerging markets with growing demand during the forecast period.

Companies Covered: 

Bosch GmbH, TRW Automotive, Lear Corporation, and Hella…

Market Segmentation:

By Type:

  • Alarm
  • Immobilizer
  • Remote key-less Entry
  • Passive key-less Entry
  • Central Locking System
  • Others

By End-Use Industry:

  • OEMs
  • Aftermarket

By Vehicle Type

  • Passenger Car
  • Heavy-Duty Vehicle
  • Light-Duty Vehicle

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By End-Use Industry
    • By Vehicle Type
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By End-Use Industry
    • By Vehicle Type
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By End-Use Industry
    • By Vehicle Type
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By End-Use Industry
    • By Vehicle Type
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By End-Use Industry
    • By Vehicle Type
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By End-Use Industry
    • By Vehicle Type

Reasons To Buy This Report:

  • Market size estimation of the automotive security system market on a regional and global basis
  • Unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all possible segments helping every stakeholder in the market

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