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Immobilizers to Be the Largest Contributor to the Vehicle Security System Market

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.

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Immobilizers to Be the Largest Contributor to the Vehicle Security System Market

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  1. 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 www.MarketsandMarkets.com

  2. 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. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=184165229

  3. 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. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=184165229

  4. The 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. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=184165229

  5. 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. Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=184165229

  6. Market Ecosystem: 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). Buy Now: https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=184165229

  7. Browse >> 96market data tables 62figures 196 pagesand in-depth TOC "Automotive Wheel Market by Rim Size (13-15,16-18,19-21,>21 inch), Material (Steel, Alloy, Carbon Fiber), Off-highway (Construction & Mining, Agriculture Tractors) Vehicle Type, Vehicle Class, End-Use, and Region - Global Forecast to 2025“ Early buyers will receive 10% customization on this report. This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

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