Vehicle Security System Market

Vehicle Security System Market worth 10.75 Billion USD by 2021

The report "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", The global vehicle security system market by value is projected to be at USD 10.75 Billion with a CAGR of 7.2% from 2016 to 2021. The increased demand for application-based technologies and multi-factor authentication for vehicle safety are some of the key drivers fueling the growth of the global vehicle security system market.

Buy Now                  Request Sample                 Request Customization

Browse 96 market data Tables and 62 Figures spread through 190 Pages and in-depth TOC on "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"
Early buyers will receive 10% customization on reports.

Remote keyless entry: A promising market

Remote keyless entry systems are estimated to dominate the vehicle security system market, in terms of value, in 2016. Over 70% of vehicles manufactured today are equipped with a remote keyless entry system, either as a standard or an optional feature. The growth of remote keyless entry systems can also be attributed to the growing demand for advanced, application-based technologies. Several companies have developed application-based features that enable smartphone integration in the vehicle, eliminating the need for multiple devices. Vehicles are being equipped with 3D switchless technology that includes highly integrated mobile docks and charging facilities for seamless incorporation of controls and displays. The remote keyless entry segment of the vehicle security system market, in terms of value, is projected to grow at the highest CAGR during the forecast period.

Upcoming technology in the vehicle security market

There has been a rapid increase in technological advancements in the automotive security market. This can be primarily attributed to the growing demand for features that increase the convenience and safety of vehicle passengers. Recent developments in passive entry systems indicate that smartphones and smartwatches will likely be incorporated into the vehicle system. This technology can also be linked with various other features to enhance the driving experience. For instance, apart from performing locking functions, it can also indicate the amount of fuel in the vehicle, maps of areas nearby, distances, and so on. Growth of Biometric technology also holds promise for tighter anti-theft and anti-DUI enforcement measures.

Asia-Pacific: Largest market for vehicle security systems

Asia-Pacific accounted for the largest share, in terms of value, of the global vehicle security system market in 2016. OEMs are subsequently increasing production capacity and expanding technical centers to meet the demand for these vehicles. The automotive industry in Asia-Pacific has witnessed a year-on-year increase in sales. The region is the leading producer of automobiles in the world.

North America is estimated to constitute the second-largest vehicle security system market, by value, in 2016. The region is dominated by domestic OEMs such as Ford Motor Company (U.S.), General Motors (U.S.), and Fiat-Chrysler Automotive (U.S.). The large customer base and high disposable income of end-users have fueled the demand for vehicles in the country, which has resulted in increased manufacturing activities by local automotive OEMs. The European region has been segmented into Germany, France, the U.K., and Italy. Europe is estimated to account for the third-largest share in the global vehicle security system market in 2016.

The report analyzes all major players in the vehicle security system market, including Robert Bosch GmbH (Germany), Continental AG (Germany), Lear Corporation (U.S.), Delphi Automotive (U.K.), and Valeo SA (France), along with numerous local players.

It covers the vehicle security system market, in terms of volume (million units) and value (USD million). It explains the qualitative and quantitative aspects of the market on the basis of region, technology, product type, and vehicle type from 2016 to 2021. It also provides an overview of technical factors and other important aspects of the vehicle security system market.

About MarketsandMarkets

MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Email: [email protected]

Vehicle Security System Market Size,  Share & Growth Report
Report Code
AT 2740
PR Published ON
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the Vehicle Security System Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2024 MarketsandMarkets Research Private Ltd. All rights reserved Protection Status

Digital Virtual Assistant - MarketsandMarkets