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Vehicle security market is expected to reach USD 10.45 billion by 2023 according to new research report

Industrial Market Research

Global Vehicle Security Market, By Technology (Immobilizer System, Remote Central Locking System, Alarm System and Others), by Channel type (OEM, and Aftermarket), By Vehicle Type (Passenger Vehicle and Commercial Vehicle) and Region- Forecast 2017-2023

Market Highlights:

The global market of vehicle security is growing rapidly. Vehicle security has features to ensure safety, comfort and thus, can conveniently be used, in automotive industry.

Vehicle security systems are designed to protect cars from hijacks or thefts. Technologies such as RFID, GPS and others help detect presence and location of the vehicle.

It helps improve operational processes, safety and inventory management. Research and development by manufacturers to introduce innovative features and technology, is a trend.

The demand for automotive goods in many countries, will continue to increase and the number of function & applications, are expected to rise notably during the next few years. 

Furthermore, high deployment cost and lack of uniform standards are some of the major restraints, are hampering the market growth.

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Key Players of Vehicle Security Market:

  • Valeo S.A.
  • Continental A.G. 
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  • Delphi Automotive PLC (U.K.)
  • Hella KGaA Hueck & Co. 
  • Tokai Rika Co., Ltd. 
  • Denso Corporation 
  • Robert Bosch GmbH 
  • Lear Corporation (U.S.)
  • Omron Corporation 

Market Research Future Analysis:

Market Research Future analysis shows that the global market of vehicle security market is estimated to grow at a 6.8 % CAGR by the end of year 2023. Growing awareness about vehicle safety and the increasing installation of security systems in the car, are pushing the market towards growth.

Moreover, mobile communication, face detection system, real-time location system and charging facilities give a new way of growth to vehicle security market. Recent developments are replacing the earlier concepts, thus enhancing convenience for passengers.

Asia-Pacific is expected to be the largest region in the vehicle security market while North America & Europe are expected to witness steady growth in demand over the forecast period.

Brief TOC:

1 Executive Summary

2 Research Methodology

2.1 Scope of the Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market size Estimation

2.4 Forecast Model

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

4 Global Vehicle Security Market, By Technology

4.1 Introduction

4.2 Immobilizer System

4.3 Remote Central Locking System

4.4 Alarm System

4.5 Others

5 Global Vehicle Security Market, By Channel Type  

5.1 Introduction

5.2 OEM

5.3 Aftermarket


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