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Based on Technavio's market sizing methodology, the passenger car security systems market size is predicted to increase by USD 1.14 billion from 2021 to 2026 at a CAGR of 3.09%.
This passenger car security systems market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. The passenger car security systems market report offers information on several market vendors, including Alps Alpine Co. Ltd., Aptiv Plc, Changhui Group, Continental AG, Crimestoppers Trust, DENSO Corp., Firstech LLC, HELLA GmbH and Co. KG, KIRAMEK inc, Lear Corp., Marquardt GmbH, Mitsubishi Electric Corp., Nostaa Group Ltd., Robert Bosch GmbH, Scorpion Automotive Ltd., Tokai Rika Co. Ltd., Valeo SA, VOXX International Corp., Xtreme Auto Glass and Window Tint, and ZF Friedrichshafen AG among others.
This report further entails passenger car security systems market segmentations, including:
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Based on our research output, there has been a negative impact on the market growth during and post-COVID-19 era. The increase in car thefts is notably driving the passenger car security systems market growth, although factors such as the slowdown in automobile manufacturing may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the passenger car security systems industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Passenger Car Security Systems Market Driver
Key Passenger Car Security Systems Market Trend
Key Passenger Car Security Systems Market Challenge
This passenger car security systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global passenger car security systems market as a part of the global auto parts and equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the passenger car security systems market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the passenger car security systems market encompasses successful business strategies deployed by the key vendors. The passenger car security systems market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The passenger car security systems market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the passenger car security systems market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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63% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for the passenger car security systems market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
An increase in car sales and the presence of well-established car manufacturers will facilitate the passenger car security systems market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The COVID-19 pandemic and its rapid spread impacted the sales of automobiles in the region and had a negative impact on the market. However, in late 2020, with the easing of lockdowns in most of the countries in APAC, automotive manufacturing activities gradually resumed in countries such as China and India in H2 2020. Hence, the passenger car security systems market in focus in the region is expected to witness moderate growth during the forecast period.
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The passenger car security systems market share growth by the immobilizer segment will be significant during the forecast period. Car immobilizers are security systems integrated into the engine control unit (ECU). This system prevents the engine from running and starting the vehicle without an authorized key. The system uses a specialized digitally coded key or smart key fob. It generally contains a transponder chip that stores the electronic security code. A mismatch between the key code in the key and the immobilizer will prevent the vehicle from starting the fuel system, and the ignition system will not be activated. Such factors of immobilizer will drive the passenger car security systems market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the passenger car security systems market size and actionable market insights on the post-COVID-19 impact on each segment.
Passenger Car Security Systems Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Decelerate at a CAGR of 3.09% |
Market growth 2022-2026 |
$1.14 billion |
Market structure |
Fragmented |
YoY growth (%) |
3.29 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 63% |
Key consumer countries |
US, China, Japan, India, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Alps Alpine Co. Ltd., Aptiv Plc, Changhui Group, Continental AG, Crimestoppers Trust, DENSO Corp., Firstech LLC, HELLA GmbH and Co. KG, KIRAMEK inc, Lear Corp., Marquardt GmbH, Mitsubishi Electric Corp., Nostaa Group Ltd., Robert Bosch GmbH, Scorpion Automotive Ltd., Tokai Rika Co. Ltd., Valeo SA, VOXX International Corp., Xtreme Auto Glass and Window Tint, and ZF Friedrichshafen AG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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