Automotive Security System Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

In automobiles, a wide range of products are used for protection, security, and alerts. Tools are used to avoid the unauthorized appropriation of valuable items. It is mounted in various parts of automobiles to secure automotive components and is commonly used to ensure passenger and vehicle protection from theft. Almost all of the major automakers now sell automotive security systems as a standard or optional feature for their vehicles. The automotive security system not only ensures passenger safety, but also adds to their comfort. Globally, rising car thefts have increased system demand at a faster rate. Public awareness of various safety technologies has increased as a result of repeated accidents. It is mounted by vehicle manufacturers during the manufacturing process to alert drivers of unusual incidents. The global theft rate is rising, which is driving the demand for automotive security systems.

MARKET DYNAMICS

Increasing automotive development, stringent vehicle theft prevention regulations, a focus on high comfort and convenience, and customers demand for high security vehicles are the major drivers of the global automotive security system market. The demand for automotive security systems faces obstacles such as high prices and the risk of false alarms. Since the technology used to create the devices is new to the market, the initial cost of installation is high. It could sound a false alarm as a result of rain or some other physical contact that could disrupt the environment. These factors are posing challenges to system adoption and use.

MARKET SCOPE

The "Automotive security system market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation with a special focus on the global market trend analysis. The report aims to provide an overview of automotive security system market with detailed market segmentation by product, technology, and geography. The global automotive security system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive security system market players and offers key trends and opportunities in the automotive security system market.

MARKET SEGMENTATION

The global automotive security system market is segmented on the basis of product, and technology. On the basis of product, the market is segmented as remote keyless entry, alarm, immobilizers, passive keyless entry and central locking. On the basis of technology, the market is segmented as global system for mobile communication, face detection, real time location, and positioning device.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global automotive security system market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The automotive security system market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting automotive security system market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the automotive security system market in these regions.

Automotive Security System Market Report Analysis

Automotive Security System Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• ALPS ALPINE CO.,LTD.
• Continental AG
• DENSO CORPORATION.
• HELLA GmbH and Co.
• Lear
• Mitsubishi Electric Corporation
• Robert Bosch GmbH
• TOKAIRIKA,CO, LTD.
• Valeo

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Product

• Remote keyless entry
• Alarm
• Immobilizers
• Passive keyless entry
• Central locking

By Technology

• GSM
• Face detection
• Real time location
• Positioning device

MARKET PLAYERS

The reports cover key developments in the automotive security system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from automotive security system market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive security system market. Below mentioned is the list of few companies engaged in the automotive security system market.

The report also includes the profiles of key automotive security system market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered financial information of last 3 years, key development in past five years.

•   ALPS ALPINE CO., LTD.
  
•   Continental AG
  
•   DENSO CORPORATION.
  
•   HELLA GmbH & Co.
  
•   Lear
  
•   Mitsubishi Electric Corporation
  
•   Robert Bosch GmbH
  
•   TOKAIRIKA, CO, LTD.
  
•   Valeo
  
•   ZF Friedrichshafen AG
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Automotive Security System Market Report Scope