Global Car Security System
Market By Car Type (Economic
Cars, Mid-Range Cars, Premium Cars) By Sales Channel (OEM, Aftermarket) By Product Type (Immobilizer
System, Remote Central locking System, Alarm System, Others (keyless entry
etc.)) By Technology (Positioning
System, Real Time Location System, Face Detection Systems, GPS) and Region - Global Forecast to 2024
Car
security system is an essential tool to prevent theft and to keep the car
protected from unwanted people. Further, car security system has significantly
helped in reducing car thefts across the globe owing to their security devices
such as sound alarm, shock sensor, central locking and immobilizers. Many
advanced car security systems such as Avital 5103, Eclipse 360 degree vehicle
surveillance security system are present in markets which are making the
vehicle safer than ever before. Car security system can be easily installed in
almost all type of vehicles such as low passenger cars, heavy vehicles, light
vehicles etc.
Market Size & Forecast
The global
car security system market is anticipated to flourish at a robust compound
annual growth rate (CAGR) of 6.52% over the forecast period 2017-2024. Global
car security system stood at a valuation of around USD 6.5 Billion by the end
of year 2015 and is projected to reach at a valuation of around USD 12.2
billion by the end of 2024. Rising number of cars across the globe is expected
to propel the growth of global car security system market during the forecast period.
In terms
of region, global car security system market is segmented into five major
regions which include North America, Europe, Asia Pacific, Latin America and
Middle East & Africa region. Asia Pacific region is expected to be most
reliable and revenue generated market of car security system and is anticipated
to flourish at a modest CAGR of 9% during the forecast period. Furthermore,
rising awareness among car owners towards car safety in developing countries
such as China and India is driving the growth of global car security system
market. Apart from this, rising adoption of remote keyless entry systems is a
major trend in Asia Pacific region and is expected to escalate the demand for
car security system in this region over the forecast period.
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North America region is anticipated to witness significant growth during
the forecast period. This growth of car security system in North America region
can be attributed to presence of moneyed buyers which are expected to propel
the demand for vehicles in this region which in turn, fuel the growth of car
security system market in North America region. Moreover, regional markets of
North America & Europe regions are more matured and are anticipated to
witness a steady growth over the forecast period. Moreover, Latin America and
Middle East & Africa regions are also anticipated to witness satisfactory
growth rate over the forecast period.
Market Segmentation
Our-in
depth analysis of the global car security system market includes the following
segments:
By Car Type
·
Economic
Cars
·
Mid-Range
Cars
·
Premium
Cars
By Sales Channel
·
OEM
·
Aftermarket
By Product Type
·
Immobilizer
System
·
Remote
Central locking System
·
Alarm
System
·
Others
(keyless entry etc.)
By Technology
·
Positioning
System
·
Real Time
Location System
·
Face
Detection Systems
·
GPS
By Region
Global car
security system market is further classified on the basis of region as follows:
·
North
America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity
Analysis
·
Latin
America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth &
Opportunity Analysis
·
Europe
(U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands &
Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity
Analysis
·
Asia-Pacific
(China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market
size, Y-O-Y growth & Opportunity Analysis.
·
Middle
East and Africa (GCC, North Africa, South Africa and Rest of Middle East)
Market size, Y-O-Y growth & Opportunity Analysis
Growth Drivers & Challenges
Rising
awareness among car owners towards car safety and theft prevention is major
growth driver of global car security system market and is expected to
consolidate the car security system market in near future. Further,
technological development of car security system such as installation of shock
sensor, Avital 5103 and Eclipse 360 degree vehicle surveillance security
system are expected to foster the growth of car security system market in
near future.
Population
growth and increasing purchasing power of consumers are some of the major
factors which are expected to propel the sales of vehicles around the world.
Installation of car security system in almost every car to keep it safe from
thieves is driving the growth of global car security system market. On the
other hand, the rising demand for face detection and face positioning system is
expected to propel the growth of global car security system market. Further,
government and insurance companies in many countries such as Brazil and
Indonesia are promoting the car security systems and forcing automakers to
install these security features as a standard features in new cars.
However, the high cost of premium safety systems is
restraining the growth of global car security system market. Additionally,
recent failures of car security system to prevent thefts are major factors
which are likely to hinder the growth of car security system market.
Key Players
·
Valeo S.A.
o Company Overview
o Key Product Offerings
o Business Strategy
o SWOT Analysis
o Financials
o
·
Continental
A.G.
·
Delphi
Automotive PLC
·
Hella KGaA
Hueak & Co.
·
Tokai Rika
Co Ltd.
·
Mitsubishi
Electric Corporation
·
Denso
Corporation
·
Robert
Bosch GmBh
·
Lear
Corporation
·
Omron
Corporation
Scope
& Context
Overview
of the Parent Market
Analyst
View
Segmentation
The global
car security system market is segmented as follows:
·
By Car
Type Market Size & Y-O-Y Growth Analysis
·
By Sales
Channel Market Size & Y-O-Y Growth Analysis
·
By
Technologies Market Size & Y-O-Y Growth Analysis
·
By
Application Market Size & Y-O-Y Growth Analysis
·
By Region
Market Size & Y-O-Y Growth Analysis
Market
Dynamics
Supply
& Demand Risk
Competitive
Landscape
Porter’s
Five Force Model
Geographical
Economic Activity
Key
Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent
Trends and Developments
Industry
Growth Drivers and Challenges
Key
Information for Players to establish themselves in current dynamic environment
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Article Source:- http://www.researchnester.com/blog/global-car-security-system-market-2016-2024-research-nester/
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