Global Automotive Security System Market 2018-2022

Overview of the global automotive security system market

Automotive OEMs are continually focusing on the development of safe, secure, convenient, and user-friendly technologies such as the biometric technology due to the rising hacking issues in the automotive industry. The integration of biometric technology in the automotive security systems enhances the security system of vehicles. For instance, biometric technologies like face detection system prevents unauthorized access to the vehicle. Technavio’s market research analysts have identified that the growing popularity of biometric technology will be one of the primary growth drivers for the global automotive security system market till 2022. Technavio’s market research analysts have predicted that the automotive security system market will register a revenue of more than USD 15 billion by 2022.

The introduction of remotely controlled system such as the keyless entry system is gaining significant popularity in the developed regions. The preference for the remote-start car system is increasing because it enables consumers to turn on the heat before entering the car and start the car remotely. This system offers prominent features like start-stop, lock or unlock the door, light on or off, climate control, and many others. The growing popularity of remote-start car system is identified as one of the key trends that will stimulate growth in the automotive security system market in the forthcoming years.  

Companies covered

The automotive security system market appears to be concentrated. This industry research report offers information about the competitive environment among companies in this marketspace and offers an analysis of key companies and their products. Additionally, our analysts also offer information about key areas the players currently focus on and strategies they follow to sustain the competition.

This research report provides an analysis of various companies in the vehicle security system market including

• Bosch   
• Continental       
• Delphi*
• HELLA   
• Valeo   
• ZF          

Segmentation by product and analysis of the automotive security system market

• Keyless entry system
• Immobilizer
• Alarm
• Central locking system

A large number of manufacturers in the automotive sector are introducing vehicles with keyless entry system as it improves the convenience of customers. This will have a positive impact on the vehicle security system market in the forthcoming years.

Segmentation by geography and analysis of the automotive security system market

• Americas
• APAC
• EMEA

In terms of geography, APAC contributed the majority of share toward the automotive security system market. The vehicle security system market is expected to witness growth in the APAC region for the next four years due to the growing adoption of automotive security system or vehicle security system.

Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global automotive security system market?
• What are the key market trends impacting the growth of the global automotive security system market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive security system market?
• What are the market opportunities and threats faced by the vendors in the global automotive security system market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global automotive security system market?

Technavio also offers customization on reports based on specific client requirement.