HOME Top Market Reports Vehicle Security System Market by Type, Technology, Vehicle Type (Passenger Car, Commercial Vehicles and Off-Highway Vehicles), and by Region (Asia-Pacific, Europe, North America and Rest of the World) - Industry Trends and Forecast to 2021

Vehicle Security System Market by Type, Technology, Vehicle Type (Passenger Car, Commercial Vehicles and Off-Highway Vehicles), and by Region (Asia-Pacific, Europe, North America and Rest of the World) - Industry Trends and Forecast to 2021

By: marketsandmarkets.com
Publishing Date: May 2016
Report Code: AT 2740

 

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The vehicle security system market, in terms of value, is projected to grow at a CAGR of 7.2% from 2016 to 2021. The market is estimated to be USD 7.57 Billion in 2016, and is projected to reach 10.75 Billion by 2021. In this study, 2015 has been considered the base year, and 2016 to 2021 the forecast period, for estimating the market size of the vehicle security system market. The study segments the market on the basis of vehicle type, product type, technology, and region.

The market has been classified by product type as follows: alarm, immobilizer, remote keyless entry, passive keyless entry, and central locking system. It has been segmented by technology into global positioning system, global system for mobile communication, face detection system, and real-time location system. Enhanced safety features and the increasing production of vehicles are expected to drive the vehicle security system market in the Asia-Pacific. The region is estimated to lead the market, in terms of value, in 2016. The North American region is estimated to be the second-largest market for vehicle security systems, owing to the growing trend of installing safety features in vehicles.

The research methodology used in the report involves various secondary sources, including paid databases and directories. Experts from related industries and suppliers have been interviewed to understand the future trends of the vehicle security system market. The bottom-up approach has been used to estimate the market size, wherein country-wise vehicle production statistics have been taken into account for each vehicle type (passenger car, commercial vehicle, and off-highway vehicle).

The average number of vehicle security systems that are incorporated in each vehicle category has been identified and multiplied by vehicle production numbers to obtain the country-level vehicle security system volume to arrive at the market size. This country-wise market size, in terms of volume, for each vehicle type is then multiplied with the country-wise average OE price (AOP) of vehicle security systems required for each application. This results in the country-wise market size, in terms of value. The summation of the country-wise market provides the regional market and further summation of the regional market provides the global vehicle security system market.

The figure given below illustrates the break-up of the profile of industry experts who participated in primary discussions.

Vehicle Security System Market

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of the vehicle security system industry consists of manufacturers such as Robert Bosch GmbH (Germany), Continental AG (Germany), and Lear Corporation (U.S.), research institutes such as the Automotive Research Association of India (ARAI), European Automotive Research Partners Association (EARPA), and the United States Council for Automotive Research (USCAR), and regional automobile associations such as China Association of Automobile Manufacturers (CAAM), Japan Automobile Manufacturers Association (JAMA), and the European Automobile Manufacturers Association (ACEA).

Target Audience

  • Manufacturers of vehicle security systems
  • Dealers and distributors of vehicle security systems
  • Industry associations
  • Investment firms
  • Equity research firms
  • Private equity firms

Scope of the Report

  • By Product Type
    • Alarm
    • Immobilizer
    • Remote Keyless Entry
    • Passive Keyless Entry
    • Central Locking System
  • By Vehicle Type
    • Passenger Car
    • Commercial Vehicle
    • Off-Highway Vehicle
  • By Technology
    • Global Positioning System
    • Global System for Mobile Communication
    • Face Detection System
    • Real-Time Location System
  • By Region
    • North America
    • Asia-Pacific
    • Europe
    • RoW

Available Customizations

MarketsandMarkets offers the following customizations for this market:

  1. Vehicle security aftermarket, by region

    Detailed analysis and profiling of additional market players (up to 3)

  2. Automotive Biometric market, By vehicle type (Passenger car & commercial vehicles)

Table of Contents

1 Introduction
    1.1 Objectives of the Study
    1.2 Market Scope
    1.3 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Stakeholders
    1.7 Limitations

2 Research Methodology
    2.1 Secondary Data
           2.1.1 Key Secondary Sources
           2.1.2 Key Data From Secondary Sources
    2.2 Primary Data
           2.2.1 Sampling Techniques & Data Collection Methods
           2.2.2 Primary Participants
    2.3 Factor Analysis
           2.3.1 Introduction
           2.3.2 Demand-Side Analysis
           2.3.3 Impact of Gdp on Total Vehicle Sales
           2.3.4 Urbanization vs Passenger Cars Per 1,000 People
           2.3.5 Infrastructure: Roadways
           2.3.6 Increasing Vehicle Production in Developing Countries
           2.3.7 Supply Side Analysis
           2.3.8 Technological Development
    2.4 Market Size Estimation
    2.5 Data Triangulation
    2.6 Assumptions

3 Executive Summary

4 Premium Insights
    4.1 Opportunities in the Vehicle Security System Market
    4.2 Vehicle Security System Market, By Region, 2016 & 2021
    4.3 Off-Highway Vehicle Security System Market, By Region, 2016 & 2021
    4.4 Vehicle  Security System Market, By Product Type
    4.5 Vehicle  Security System Market, By Technology
    4.6 Vehicle Security System Market - Product Life Cycle

5 Market Overview
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Vehicle Security System Market
    5.3 Market Dynamics
           5.3.1 Drivers
           5.3.2 Stringent Security Regulations
           5.3.3 Multi-Factor Authentication for Car Safety
           5.3.4 Increasing Number of Advanced Vehicle Security Technologies
           5.3.5 Restraints
           5.3.6 High Cost of Premium Security Features
           5.3.7 Potential Failure of Electronic Components Used in Vehicle Security Systems
           5.3.8 Opportunities
           5.3.9 Increased Demand for Application-Based Technologies
           5.3.10 Rise of Biometric Technology
           5.3.11 Challenges
           5.3.12 Increase in Cyber Security Risk

6 Technological Overview
    6.1 Introduction
    6.2 Key Security Systems
           6.2.1 Alarms
           6.2.2 Immobilizers
           6.2.3 Central Locking System
           6.2.4 Passive Keyless Entry
           6.2.5 Remote Keyless Entry
           6.2.6 Global Positioning System
           6.2.7 Face Detection System
           6.2.8 Radio Frequency Identification

7 Vehicle Security System Market, By Product Type
    7.1 Introduction
    7.2 Vehicle Security System Market, By Vehicle Type
           7.2.1 Passenger Car Security System Market Size, By Product Type
           7.2.2 Commercial Vehicle Security System Market Size, By Product Type
           7.2.3 Off-Highway Vehicle Security System Market Size, By Product Type

8 Vehicle Security System Market, By Technology
    8.1 Introduction
    8.2 Vehicle Security System Market, By Vehicle Type
           8.2.1 Passenger Car Security System Market Size, By Technology
           8.2.2 Commercial Vehicle Security System Market Size, By Technology
           8.2.3 Off-Highway Vehicle Security System Market Size, By Technology

9 Vehicle Security System Market, By Vehicle Type
    9.1 Introduction
    9.2 Vehicle Security System Market, By Product Type
           9.2.1 Alarm Market Size, By Vehicle Type
           9.2.2 Immobilizer Market Size, By Vehicle Type
           9.2.3 Remote Keyless Entry Market Size, By Vehicle Type
           9.2.4 Passive Keyless Entry Market Size, By Vehicle Type
           9.2.5 Central Locking System Market Size, By Vehicle Type
    9.3 Vehicle Security System Market, By Technology
           9.3.1 Global Positioning System Market Size, By Vehicle Type
           9.3.2 Global System for Mobile Communication Market Size, By Vehicle Type
           9.3.3 Face Detection System Market Size, By Vehicle Type
           9.3.4 Real-Time Location System Market Size, By Vehicle Type

10 Vehicle Security System Market, By Region
     10.1 Vehicle Security System Market, By Product Type
     10.2 Introduction
             10.2.1 North America
             10.2.2 U.S.
             10.2.3 Canada
             10.2.4 Mexico
             10.2.5 Europe
             10.2.6 Germany
             10.2.7 France
             10.2.8 U.K.
             10.2.9 Italy
             10.2.10 Asia-Pacific
             10.2.11 China
             10.2.12 Japan
             10.2.13 India
             10.2.14 Rest of the World
             10.2.15 Brazil
             10.2.16 Russia
     10.3 Off-Highway Vehicle Security System Market, By Region
     10.4 Introduction
             10.4.1 North America
             10.4.2 Europe
             10.4.3 Asia-Pacific
             10.4.4 Rest of the World
     10.5 Vehicle Security System Market, By Technology
     10.6 Introduction
             10.6.1 North America
             10.6.2 Europe
             10.6.3 Asia-Pacific
             10.6.4 Rest of the World

11 Competitive Landscape
     11.1 Overview
     11.2 Market Share Analysis: Vehicle Security System Market
     11.3 Battle for Market Share: Expansion Was the Key Strategy
     11.4 Expansion
     11.5 New Product Launch
     11.6 Agreements/Supply Contracts/Joint Ventures
     11.7 Mergers & Acquisitions

12 Company Profiles
     12.1 Introduction
     12.2 Continental AG
             12.2.1 Business Overview
             12.2.2 Products Offered
             12.2.3 Recent Developments
             12.2.4 SWOT Analysis
             12.2.5 MnM View
     12.3 Delphi Automotive
             12.3.1 Business Overview
             12.3.2 Products Offered
             12.3.3 Recent Developments
             12.3.4 SWOT Analysis
             12.3.5 MnM View
     12.4 Lear Corporation
             12.4.1 Business Overview
             12.4.2 Products Offered
             12.4.3 Recent Developments
             12.4.4 SWOT Analysis
             12.4.5 MnM View
     12.5 Robert Bosch GmbH
             12.5.1 Business Overview
             12.5.2 Products Offered
             12.5.3 Recent Developments
             12.5.4 SWOT Analysis
             12.5.5 MnM View
     12.6 Valeo SA
             12.6.1 Business Overview
             12.6.2 Products Offered
             12.6.3 Recent Developments
             12.6.4 SWOT Analysis
             12.6.5 MnM View
     12.7 Hella Kgaa Hueck & Co.
             12.7.1 Business Overview
             12.7.2 Products Offered
             12.7.3 Recent Developments
             12.7.4 MnM View
     12.8 Mitsubishi Electric Corporation
             12.8.1 Business Overview
             12.8.2 Products Offered
             12.8.3 Recent Developments
             12.8.4 MnM View
     12.9 ZF TRW Automotive Holdings Corporation
             12.9.1 Business Overview
             12.9.2 Products Offered
             12.9.3 Recent Developments
             12.9.4 MnM View
     12.10 Denso Corporation
             12.10.1 Business Overview
             12.10.2 Products Offered
             12.10.3 Recent Developments
             12.10.4 MnM View
     12.11 Tokai Rika Co., Ltd.
             12.11.1 Business Overview
             12.11.2 Products Offered
             12.11.3 Recent Developments
             12.11.4 MnM View

13 Appendix
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Introducing RT: Real Time Market Intelligence
             13.3.1 Features and Benefits of RT:
     13.4 Available Customizations
     13.5 Related Reports


List of Tables (96 Tables)

Table 1 Vehicle Security System Market Size, By Vehicle Type, 2014–2021 (‘000 Units)
Table 2 Vehicle Security System Market Size, By Vehicle Type, 2014–2021 (USD Million)
Table 3 Passenger Car Security System Market Size, By Product Type, 2014–2021 (‘000 Units)
Table 4 Passenger Car Security System Market Size, By Product Type, 2014–2021 (USD Million)
Table 5 Commercial Vehicle Security System Market Size, By Product Type, 2014–2021 (‘000 Units)
Table 6 Commercial Vehicle Security System Market Size, By Product Type, 2014–2021 (USD Million)
Table 7 Off-Highway Vehicle Security System Market Size, By Product Type, 2014–2021 (‘000 Units)
Table 8 Off-Highway Vehicle Security System Market Size, By Product Type, 2014–2021 (USD Million)
Table 9 Vehicle Security System Market Size, By Vehicle Type, 2014–2021 (‘000 Units)
Table 10 Vehicle Security System Market Size, By Vehicle Type, 2014–2021 (USD Million)
Table 11 Passenger Car Security System Market Size, By Technology, 2014–2021 (‘000 Units)
Table 12 Passenger Car Security System Market Size, By Technology, 2014–2021 (USD Million)
Table 13 Commercial Vehicle Security System Market Size, By Technology, 2014–2021 (‘000 Units)
Table 14 Commercial Vehicle Security System Market Size, By Technology, 2014–2021 (USD Million)
Table 15 Off-Highway Vehicle Security System Market Size, By Technology, 2014–2021 (‘000 Units)
Table 16 Off-Highway Vehicle Security System Market Size, By Technology, 2014–2021 (USD Million)
Table 17 Vehicle Security System Market Size, By Product Type, 2014–2021 (000’ Units)
Table 18 Vehicle Security System Market Size, By Product Type, 2014–2021 (USD Million)
Table 19 Alarm Market Size, By Vehicle Type, 2014–2021 (000’ Units)
Table 20 Alarm Market Size, By Vehicle Type, 2014–2021 (USD Million)
Table 21 Immobilizer Market Size, By Vehicle Type, 2014–2021 (000’ Units)
Table 22 Immobilizer Market Size, By Vehicle Type, 2014–2021 (USD Million)
Table 23 Remote Keyless Entry Market Size, By Vehicle Type, 2014–2021 (000’ Units)
Table 24 Remote Keyless Entry Market Size, By Vehicle Type, 2014–2021 (USD Million)
Table 25 Passive Keyless Entry Market Size, By Vehicle Type, 2014–2021 (000’ Units)
Table 26 Passive Keyless Entry Market Size, By Vehicle Type, 2014–2021 (USD Million)
Table 27 Central Locking System Market Size, By Vehicle Type, 2014–2021 (000’ Units)
Table 28 Central Locking System Market Size, By Vehicle Type, 2014–2021 (USD Million)
Table 29 Vehicle Security System Market Size, By Technology, 2014–2021 (000’ Units)
Table 30 Vehicle Security System Market Size, By Technology, 2014–2021 (USD Million)
Table 31 Global Positioning System Market Size, By Vehicle Type, 2014–2021 (000’ Units)
Table 32 Global Positioning System Market Size, By Vehicle Type, 2014–2021 (USD Million)
Table 33 Global System for Mobile Communication Market Size, By Vehicle Type, 2014–2021 (000’ Units)
Table 34 Global System for Mobile Communication Market Size, By Vehicle Type, 2014–2021 (USD Million)
Table 35 Face Detection System Market Size, By Vehicle Type, 2014–2021 (000’ Units)
Table 36 Face Detection System Market Size, By Vehicle Type, 2014–2021 (USD Million)
Table 37 Real-Time Location System Market Size, By Vehicle Type, 2014–2021 (000’units)
Table 38 Real-Time Location System Market Size, By Vehicle Type, 2014–2021 (USD Million)
Table 39 Vehicle Security System Market Size, By Region, 2014–2021 (‘000 Units)
Table 40 Vehicle Security System Market Size, By Region, 2014–2021 (USD Million)
Table 41 North America: Vehicle Security System Market Size, By Product Type, 2014–2021 (‘000 Units)
Table 42 North America: Vehicle Security System Market Size, By Product Type, 2014–2021 (USD Million)
Table 43 U.S.: Vehicle Security System Market Size, By Product Type, 2014–2021 (‘000 Units)
Table 44 U.S.: Vehicle Security System Market Size, By Product Type, 2014–2021 (USD Million)
Table 45 Canada: Vehicle Security System Market Size, By Product Type, 2014–2021 (‘000 Units)
Table 46 Canada: Vehicle Security System Market Size, By Product Type, 2014–2021 (USD Million)
Table 47 Mexico: Vehicle Security System Market Size, By Product Type, 2014–2021 (‘000 Units)
Table 48 Mexico: Vehicle Security System Market Size, By Product Type, 2014–2021 (USD Million)
Table 49 Europe: Vehicle Security System Market Size, By Product Type, 2014–2021 (‘000 Units)
Table 50 Europe: Vehicle Security System Market Size, By Product Type, 2014–2021 (USD Million)
Table 51 Germany: Vehicle Security System Market Size, By Product Type, 2014–2021 (‘000 Units)
Table 52 Germany: Vehicle Security System Market Size, By Product Type, 2014–2021 (USD Million)
Table 53 France: Vehicle Security System Market Size, By Product Type, 2014–2021 (‘000 Units)
Table 54 France: Vehicle Security System Market Size, By Product Type, 2014–2021 (USD Million)
Table 55 U.K.: Vehicle Security System Market Size, By Product Type, 2014–2021 (‘000 Units)
Table 56 U.K.: Vehicle Security System Market Size, By Product Type, 2014–2021 (USD Million)
Table 57 Italy: Vehicle Security System Market Size, By Product Type, 2014–2021 (‘000 Units)
Table 58 Italy: Vehicle Security System Market Size, By Product Type, 2014–2021 (USD Million)
Table 59 Asia-Pacific: Vehicle Security System Market Size, By Product Type, 2014–2021 (‘000 Units)
Table 60 Asia-Pacific: Vehicle Security System Market Size, By Product Type, 2014–2021 (USD Million)
Table 61 China: Vehicle Security System Market Size, By Product Type, 2014–2021 (‘000 Units)
Table 62 China: Vehicle Security System Market Size, By Product Type, 2014–2021 (USD Million)
Table 63 Japan: Vehicle Security System Market Size, By Product Type, 2014–2021 (‘000 Units)
Table 64 Japan: Vehicle Security System Market Size, By Product Type, 2014–2021 (USD Million)
Table 65 India: Vehicle Security System Market Size, By Product Type, 2014–2021 (‘000 Units)
Table 66 India : Vehicle Security System Market Size, By Product Type, 2014–2021 (USD Million)
Table 67 RoW: Vehicle Security System Market Size, By Product Type, 2014–2021 (‘000 Units)
Table 68 RoW: Vehicle Security System Market Size, By Product Type, 2014–2021 (USD Million)
Table 69 Brazil: Vehicle Security System Market Size, By Product Type, 2014–2021 (‘000 Units)
Table 70 Brazil: Vehicle Security System Market Size, By Product Type, 2014–2021 (USD Million)
Table 71 Russia: Vehicle Security System Market Size, By Product Type, 2014–2021 (‘000 Units)
Table 72 Russia: Vehicle Security System Market Size, By Product Type, 2014–2021 (USD Million)
Table 73 Off-Highway Vehicle Security System Market Size, By Region, 2014–2021 (‘000 Units)
Table 74 Off-Highway Vehicle Security System Market Size, By Region, 2014–2021 (USD Million)
Table 75 North America: Off-Highway Vehicle Security System Market Size, By Product Type, 2014–2021 (‘000 Units)
Table 76 North America: Off-Highway Vehicle Security System Market Size, By Product Type, 2014–2021 (USD Million)
Table 77 Europe: Off-Highway Vehicle Security System Market Size, By Product Type, 2014–2021 (‘000 Units)
Table 78 Europe: Off-Highway Vehicle Security System Market Size, By Product Type, 2014–2021 (USD Million)
Table 79 Asia-Pacific: Off-Highway Vehicle Security System Market Size, By Product Type, 2014–2021 (‘000 Units)
Table 80 Asia-Pacific: Off-Highway Vehicle Security System Market Size, By Product Type, 2014–2021 (USD Million)
Table 81 RoW: Off-Highway Vehicle Security System Market Size, By Product Type, 2014–2021 (‘000 Units)
Table 82 RoW: Off-Highway Vehicle Security System Market Size, By Product Type, 2014–2021 (USD Million)
Table 83 Vehicle Security System Market Size, By Region, 2014–2021 (‘000 Units)
Table 84 Vehicle Security System Market Size, By Region, 2014–2021 (USD Million)
Table 85 North America: Vehicle Security System Market Size, By Technology, 2014–2021 (‘000 Units)
Table 86 North America: Vehicle Security System Market Size, By Technology, 2014–2021 (USD Million)
Table 87 Europe: Vehicle Security System Market Size, By Technology, 2014–2021 (‘000 Units)
Table 88 Europe: Vehicle Security System Market Size, By Technology, 2014–2021 (USD Million)
Table 89 Asia-Pacific: Vehicle Security System Market Size, By Technology, 2014–2021 (‘000 Units)
Table 90 Asia-Pacific: Vehicle Security System Market Size, By Technology, 2014–2021 (USD Million)
Table 91 RoW: Vehicle Security System Market Size, By Technology, 2014–2021 (‘000 Units)
Table 92 RoW: Vehicle Security System Market Size, By Technology, 2014–2021 (USD Million)
Table 93 Expansions, 2014–2015
Table 94 New Product Launches, 2012–2014
Table 95 Agreements/Supply Contracts/Joint Ventures, 2013–2015
Table 96 Mergers & Acquisitions, 2013–2015


List of Figures (62 Figures)

Figure 1 Vehicle Security System Market: Market Segmentation
Figure 2 Vehicle Security System Market: Research Design
Figure 3 Research Methodology Model
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 5 Gross Domestic Product vs Total Vehicle Sales
Figure 6 Urbanization vs Passenger Cars Per 1,000 People
Figure 7 Vehicle Production, 2010–2014
Figure 8 Market Size Estimation Methodology: Bottom-Up Approach
Figure 9 Immobilizers to Be the Largest Contributor to the Vehicle Security System Market, By Product Type (2016 & 2021)
Figure 10 Face Detection System to Be the Largest Contributor to the Vehicle Security System Market, By Technology (2016 & 2021)
Figure 11 Vehicle Security System Market, By Product Type & Technology, 2021
Figure 12 Off-Highway Vehicle Security System Market, By Product Type & Technology (2016 & 2021)
Figure 13 Asia-Pacific to Hold the Largest Share in the Vehicle Security System Market, By Product Type, in 2021
Figure 14 Technological Advancements & the Growth of the Automotive Industry are Expected to Drive the Vehicle Security System Market
Figure 15 Asia-Pacific to Be the Largest Market for Vehicle Security Systems
Figure 16 Asia-Pacific to Hold the Largest Share in the Off-Highway Vehicle Security System Market
Figure 17 Immobilizer Segment Estimated to Occupy the Largest Share in the Vehicle Security System Market From 2016 to 2021
Figure 18 Face Detection System to Hold the Largest Share in the Vehicle Security System Market, By Technology, From 2016 to 2021
Figure 19 Product Life Cycle of Vehicle Security Systems
Figure 20 Immobilizers to Hold the Largest Share in the Vehicle Security System Market, By Product Type, in 2016
Figure 21 Vehicle Security System Market Segmentation
Figure 22 Multi-Factor Authentication for Car Safety to Drive the Vehicle Security System Market
Figure 23 Vehicle Security System Market Size, By Vehicle Type, 2016–2021
Figure 24 Passenger Car Security System Market Growth, 2016–2021
Figure 25 Commercial Vehicle Security System Market, 2016 vs 2021
Figure 26 Off-Highway Vehicle Security System Market, 2016 vs 2021
Figure 27 Vehicle Security System Market, By Vehicle Type, 2016–2021
Figure 28 Passenger Car Security System Market Growth, 2016–2021
Figure 29 Commercial Vehicle Security System Market, 2016 vs 2021
Figure 30 Off-Highway Vehicle Security System Market, 2016 vs 2021
Figure 31 Vehicle Security System Market , By Product 2016–2021
Figure 32 Passenger Cars to Constitute the Largest Market for Immobilizers
Figure 33 Passenger Cars to Hold the Largest Share in the Remote Keyless Entry Market
Figure 34 Vehicle Security System Market, By Technology
Figure 35 Global Positioning System Market, By Vehicle Type
Figure 36 Face Detection System Market Share, By Vehicle Type
Figure 37 Regional Snapshot– German Vehicle Security System Market Set to Grow at the Highest CAGR of 7.7% During the Forecast Period
Figure 38 North American Market Snapshot: Demand to Be Driven By the Increasing Rate of Vehicle Population
Figure 39 Vehicle Security System Market Split, By Country, in Major European Markets (2016 vs 2021)
Figure 40 Asia-Pacific Vehicle Security System Market Snapshot – China to Account for the Largest Market Share in 2016
Figure 41 Vehicle Security System Market Split, By Country, in Major Rest of the World Markets (2016 vs 2021)
Figure 42 Off-Highway Vehicle Security System Market Split, By Region (2016 vs 2021)
Figure 43 Vehicle Security System Market Split, By Region (2016 vs 2021)
Figure 44 Companies Adopted Expansion as A Key Growth Strategy From 2012 to 2015
Figure 45 Vehicle Security System Market Share, By Key Player Ranking, 2015
Figure 46 Market Evaluation Framework: Expansions Fuelled Market Growth From 2012 to 2015
Figure 47 Region-Wise Revenue Mix of Top Five Players
Figure 48 Company Snapshot: Continental AG
Figure 49 Continental AG: SWOT Analysis
Figure 50 Company Snapshot: Delphi Automotive
Figure 51 Delphi Automotive: SWOT Analysis
Figure 52 Company Snapshot: Lear Corporation
Figure 53 Lear Corporation: SWOT Analysis
Figure 54 Company Snapshot: Robert Bosch GmbH
Figure 55 Robert Bosch GmbH: SWOT Analysis
Figure 56 Company Snapshot: Valeo SA
Figure 57 Valeo SA: SWOT Analysis
Figure 58 Company Snapshot: Hella Kgaa Hueck & Co.
Figure 59 Company Snapshot: Mitsubishi Electric Corporation
Figure 60 Company Snapshot: ZF TRW Automotive Holdings Corporation
Figure 61 Company Snapshot: Denso Corporation
Figure 62 Company Snapshot: Tokai Rika Co. Ltd.

The vehicle security system market, in terms of value, is projected to grow at a CAGR of 7.2% from 2016 to 2021. The market is estimated to be USD 7. 57 Billion in 2016, and is projected to reach 10.75 Billion by 2021. Asia-Pacific is estimated to be the largest market for vehicle security systems, followed by North America and Europe. The growth of the vehicle security system market is fueled by increasing vehicle production, growing awareness regarding vehicle safety, and increasing installation of safety features in automobiles.

The vehicle security system market has been segmented on the basis of product, technology, and vehicle type (passenger cars, commercial vehicles, and off-highway vehicles). In terms of product type, the remote keyless entry and immobilizer markets are set to grow at the highest CAGRs from 2016 to 2021. On the basis of technology, the face detection system and global positioning system segments are expected to account for the largest market shares, in terms of value, in 2016.

The vehicle security system market has been segmented on the basis of product type into alarm, immobilizer, remote keyless entry, passive keyless entry, and central locking system. The immobilizer segment is estimated to account for the largest market share, in terms of value, in 2016. This can be mainly attributed to the increasing installation of immobilizers in vehicles.

The vehicle security system market has been segmented by technology into global positioning system, global system for mobile communication, face detection system, and real-time location system. Increasing global vehicle production and growing awareness regarding vehicle safety are the key factors driving the growth of the vehicle security system market across all regions.

The Asia-Pacific region is estimated to account for the largest market share, in terms of value, in 2016, with China being a key contributor to the growth of the vehicle security system market in the region.

Vehicle Security System Market

High cost of premium security features is a restraint for the vehicle security system market. The vehicle security system market has witnessed numerous innovations and technological advancements. Security features such as passive entry systems offer convenience to the users, but are expensive to develop. They require customized development for each model, and have a complex installation process.

Robert Bosch GmbH manufactures automotive components, power tools, security solutions, and household appliances. The company operates in four business sectors: mobility solutions, industrial technology, consumer goods, and energy & building technology. It provides driver assistance systems and components for passenger cars and commercial vehicles through its mobility solutions segment.

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