Vehicle Security System Market Trends and Forecast

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Vehicle Security System Market Trends and Forecast
Bharat Book Bureau provides the report, on “Vehicle Security System Market Trends and
Forecast”. The report provided for the international market including development history,
competitive landscape analysis, and major regions’ development status.
https://www.bharatbook.com/automotive-market-research-reports-522168/vehicle-security-
system-type-technology-region-industry-trends-forecast.html
June 17th, 2016 Mumbai, India: Bharatbook.com announces a report on “Vehicle Security
System Market Trends and Forecast”. The report provided for the international market including
development history, competitive landscape analysis, and major regions’ development status.
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. The growth of this market is fuelled by the rising vehicle production
and increasing installation of safety features in vehicles.
Rising vehicle production and increasing installation of safety features will drive the vehicle
security system market in Asia-Pacific region
Asia-Pacific is estimated to be the largest market for vehicle security systems. The Asia-Pacific
vehicle security system market, in terms of value, is projected to grow at the highest CAGR from
2016 to 2021. This can be mainly attributed to the rising vehicle production and the increasing
installation of safety features in passenger cars, commercial vehicles, and off-highway vehicles.
The immobilizer segment is estimated to account for the largest market share in 2016. However,
the remote keyless entry segment is projected to grow at the highest CAGR during the forecast
period.
Growing demand for and awareness regarding safety technologies to drive the vehicle
security system market
Factors such as the increase in vehicle sales, growing awareness regarding vehicle security
systems among consumers, government regulations mandating safety features, and increase in
vehicle thefts are driving the demand for vehicle security systems. Countries such as Brazil,
Russia, Australia, Canada, Germany, the U.K., and France have introduced vehicle security
regulations mandating the installation of immobilizers in every vehicle to be sold. Additionally,
several insurance companies charge lower premiums and prioritize vehicles that are equipped
with standard security systems such as alarms and immobilizers.
The study contains insights from various industry experts, ranging from component suppliers to
Tier 1 companies and OEMs. The break-up of the primaries is as follows:
• By Company Type - Tier 1 - 42 %, Tier 2 - 26%, Others - 32%
• By Designation - C level - 40%, D level - 29%, Others - 31%
• By Region - North America - 38%, Europe - 22%, Asia-Pacific - 30%, RoW - 10%
Major Players Profiled in the report are :
• Robert Bosch GmbH
• Continental AG
• Lear Corporation
Valeo SA
• Denso Corporation
Reasons to Buy the Report:
The report provides insights about the following points:
• Market Penetration: Comprehensive information about vehicle security systems offered by the
top 10 players in the vehicle security system market
• Product Development/Innovation: Detailed insights into upcoming technologies, R&D
activities, and new product launches in the vehicle security system market
• Market Development: Comprehensive information about types of vehicle security systems. The
report analyzes markets for various vehicle security systems across regions
• Market Diversification: Exhaustive information about new products, untapped regional
markets, recent developments, and investments in the vehicle security system market
Competitive Assessment: In-depth assessment of the market shares, strategies, products, and
manufacturing capabilities of leading players in the vehicle security system market
For more information kindly visit: https://www.bharatbook.com/automotive-market-research-
reports-522168/vehicle-security-system-type-technology-region-industry-trends-forecast.html
Related Reports: https://www.bharatbook.com/industry-mfg-market-research-
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Vehicle Security System Market, Manufacturing Industry Analysis, Manufacturing Market
Research Reports, Manufacturing Sectors, Market Reports, Automotive Market Research
Reports, Automotive Industry Analysis, Automotive Sector, Market Reports on Automobile
Industry.
About Author Bio: I am working with a market research company which provides market
research reports, company profiles, custom research, industry analysis, country reports, business
reports, online databases etc. Through our industry analysis you can identify opportunities,
analyse the requirements of the customers and study the competition sector wise.
Through our industry analysis you can identify opportunities,