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Passenger Car Security Systems Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

  • Published: Apr 2022
  • Pages: 120
  • SKU: IRTNTR70284
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Based on Technavio's market sizing methodology, the passenger car security systems market size is predicted to decline 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:

  • Product - Immobilizer, central lock system, alarm system, and RKE and others
  • Geography - APAC, North America, Europe, South America, and Middle East and Africa

What will the Passenger Car Security Systems Market Size be During the Forecast Period?

Passenger Car Security Systems Market Size

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Passenger Car Security Systems Market: Key Drivers, Trends, and Challenges

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

  • One of the key drivers fueling the passenger car security systems market growth is the increase in car thefts.
  • According to Driver and Vehicle Licensing Agency (DVLA) data, the number of vehicles stolen in the UK rose by 3% in 2021. Moreover, the awareness about security systems has increased, creating a significant demand for security devices such as central locking systems and immobilizers.
  • An anti-theft system can prevent unauthorized access to cars. Such anti-theft alarm systems or devices are fitted into the car by OEM to prevent access to an unauthorized person.
  • Biometrics are used in automotive anti-theft systems that offer vehicle security and restrict the unauthorized use of vehicles. Thus, technological advances, along with an increase in the use of biometrics in automobiles, are driving the adoption of automotive anti-theft systems. 

Key Passenger Car Security Systems Market Trend

  • One of the key passenger car security systems market trends contributing to the market growth is the growth of biometric technology. 
  • Biometrics aims at accurately identifying physical parameters, such as voice, finger or palm print, and others, and predicting the correct match.
  • For instance, in early 2022, LG Electronics developed a new system that allows car owners to start their vehicle's ignition by just using facial expressions and finger movements that are recognized by the inbuilt camera inside the car. 
  • Biometrics has now been adopted in mass mid-segment cars as well. In terms of the adoption of biometric technology in automobiles, the smartphone industry has prepared and made the consumer familiar with the usage of the biometric system leading to easy adoption of these systems in the automotive industry. Such easy adoption will propel the passenger car security systems market growth during the forecast period.

Key Passenger Car Security Systems Market Challenge

  • One of the factors impeding the passenger car security systems market growth is the slowdown in automobile manufacturing.
  • The wide availability of shared mobility service providers, improvement in internet connectivity, and an increase in the adoption of smartphones are paving the way for the mass adoption of shared mobility solutions.
  • Some of the factors such as ease of accessing shared mobility solutions, an increase in fuel prices, and a rise in the price of vehicles are driving consumers to prefer vehicle usership over ownership.
  • The automotive production and demand witnessed a slow growth in 2020, owing to an increase in the number of COVID-19 cases and the restrictions put in place to control the spread of the pandemic. This, in turn, will challenge the passenger car security systems market growth during the forecast period.

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.

Parent Market Analysis

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.

Who are the Major Passenger Car Security Systems Market Vendors?

The report analyzes the market's competitive landscape and 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
  • ZF Friedrichshafen AG

 

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.

Product Insights and News

  • Alps Alpine Co. Ltd. - Through the logistics segment, the company provides logistics services. 
  • Alps Alpine Co. Ltd. - The company offers under units and OEM products keyless entry systems which contributes enhanced vehicle driving performance, comfort and safety. 

To make the most of the opportunities and recover from 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.

Passenger Car Security Systems Market Value Chain Analysis

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.

Which are the Key Regions for Passenger Car Security Systems Market?

Passenger Car Security Systems Market Market segmentation by region

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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.

What are the Revenue-generating Product Segments in the Passenger Car Security Systems Market?

Passenger Car Security Systems Market Segmentation

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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 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, Market condition analysis for forecast period

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What are the Key Data Covered in this Passenger Car Security Systems Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive passenger car security systems market growth during the next five years
  • Precise estimation of the passenger car security systems market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the passenger car security systems industry across APAC, North America, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of passenger car security systems market vendors

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1. Executive Summary                           

                1.1 Market overview

                                Exhibit 01:  Executive Summary – Chart on Market Overview

                                Exhibit 02:  Executive Summary – Data Table on Market Overview

                                Exhibit 03:  Executive Summary – Chart on Global Market Characteristics

                                Exhibit 04:  Executive Summary – Chart on Market by Geography

                                Exhibit 05:  Executive Summary – Chart on Market Segmentation by Product

                                Exhibit 06:  Executive Summary – Chart on Incremental Growth

                                Exhibit 07:  Executive Summary – Data Table on Incremental Growth

                                Exhibit 08:  Executive Summary – Chart on Vendor Market Positioning

2. Market Landscape                             

                2.1 Market ecosystem             

                                Exhibit 09:  Parent market

                                Exhibit 10:  Market Characteristics

3. Market Sizing                       

                3.1 Market definition

                                Exhibit 11:  Offerings of vendors included in the market definition

                3.2     Market segment analysis             

                                Exhibit 12: Market segments

                3.3 Market size 2021 

                3.4 Market outlook: Forecast for 2021-2026    

                                Exhibit 13:  Chart on Global - Market size and forecast 2021-2026 ($ million)

                                Exhibit 14:  Data Table on Global - Market size and forecast 2021-2026 ($ million)

                                Exhibit 15:  Chart on Global Market: Year-over-year growth 2021-2026 (%)

                                Exhibit 16:  Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4. Five Forces Analysis                          

                4.1 Five Forces Summary        

                                Exhibit 17:  Five forces analysis - Comparison between2021 and 2026

                4.2 Bargaining power of buyers           

                                Exhibit 18:  Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

                4.3 Bargaining power of suppliers       

                                Exhibit 19:  Bargaining power of suppliers – Impact of key factors in 2021 and 2026

                4.4 Threat of new entrants    

                                Exhibit 20:  Threat of new entrants – Impact of key factors in 2021 and 2026

                4.5 Threat of substitutes         

                                Exhibit 21:  Threat of substitutes – Impact of key factors in 2021 and 2026

                4.6 Threat of rivalry   

                                Exhibit 22:  Threat of rivalry – Impact of key factors in 2021 and 2026

                4.7 Market condition

                                Exhibit 23:  Chart on Market condition - Five forces 2021 and 2026

5. Market Segmentation by Product

                5.1 Market segments

                                Exhibit 24:  Chart on Product - Market share 2021-2026 (%)

                                Exhibit 25:  Data Table on Product - Market share 2021-2026 (%)

                5.2 Comparison by Product    

                                Exhibit 26:  Chart on Comparison by Product

                                Exhibit 27:  Data Table on Comparison by Product

                5.3 Immobilizer - Market size and forecast 2021-2026 

                                Exhibit 28:  Chart on Immobilizer - Market size and forecast 2021-2026 ($ million)

                                Exhibit 29:  Data Table on Immobilizer - Market size and forecast 2021-2026 ($ million)

                                Exhibit 30:  Chart on Immobilizer - Year-over-year growth 2021-2026 (%)

                                Exhibit 31:  Data Table on Immobilizer - Year-over-year growth 2021-2026 (%)

                5.4 Central lock system - Market size and forecast 2021-2026  

                                Exhibit 32:  Chart on Central lock system - Market size and forecast 2021-2026 ($ million)

                                Exhibit 33:  Data Table on Central lock system - Market size and forecast 2021-2026 ($ million)

                                Exhibit 34:  Chart on Central lock system - Year-over-year growth 2021-2026 (%)

                                Exhibit 35:  Data Table on Central lock system - Year-over-year growth 2021-2026 (%)

                5.5 Alarm system - Market size and forecast 2021-2026              

                                Exhibit 36:  Chart on Alarm system - Market size and forecast 2021-2026 ($ million)

                                Exhibit 37:  Data Table on Alarm system - Market size and forecast 2021-2026 ($ million)

                                Exhibit 38:  Chart on Alarm system - Year-over-year growth 2021-2026 (%)

                                Exhibit 39:  Data Table on Alarm system - Year-over-year growth 2021-2026 (%)

                5.6 RKE and others - Market size and forecast 2021-2026          

                                Exhibit 40:  Chart on RKE and others - Market size and forecast 2021-2026 ($ million)

                                Exhibit 41:  Data Table on RKE and others - Market size and forecast 2021-2026 ($ million)

                                Exhibit 42:  Chart on RKE and others - Year-over-year growth 2021-2026 (%)

                                Exhibit 43:  Data Table on RKE and others - Year-over-year growth 2021-2026 (%)

                5.7 Market opportunity by Product    

                                Exhibit 44:  Market opportunity by Product ($ million)

6. Customer landscape                         

                                Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                6.1 Customer landscape overview      

                                Exhibit 45:  Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7.    Geographic Landscape                 

                7.1     Geographic segmentation           

                                Exhibit 46:  Chart on Market share by geography 2021-2026 (%)

                                Exhibit 47:  Data Table on Market share by geography 2021-2026 (%)

                7.2 Geographic comparison   

                                Exhibit 48:  Chart on Geographic comparison

                                Exhibit 49:  Data Table on Geographic comparison

                7.3 APAC - Market size and forecast 2021-2026              

                                Exhibit 50:  Chart on APAC - Market size and forecast 2021-2026 ($ million)

                                Exhibit 51:  Data Table on APAC- Market size and forecast 2021-2026 ($ million)

                                Exhibit 52:  Chart on APAC- Year-over-year growth 2021-2026 (%)

                                Exhibit 53:  Data Table on APAC- Year-over-year growth 2021-2026 (%)

                7.4 North America - Market size and forecast 2021-2026           

                                Exhibit 54:  Chart on North America - Market size and forecast 2021-2026 ($ million)

                                Exhibit 55:  Data Table on North America - Market size and forecast 2021-2026 ($ million)

                                Exhibit 56:  Chart on North America - Year-over-year growth 2021-2026 (%)

                                Exhibit 57:  Data Table on North America - Year-over-year growth 2021-2026 (%)

                7.5 Europe - Market size and forecast 2021-2026          

                                Exhibit 58:  Chart on Europe- Market size and forecast 2021-2026 ($ million)

                                Exhibit 59:  Data Table on Europe- Market size and forecast 2021-2026 ($ million)

                                Exhibit 60:  Chart on Europe- Year-over-year growth 2021-2026 (%)

                                Exhibit 61:  Data Table on Europe- Year-over-year growth 2021-2026 (%)

                7.6 South America - Market size and forecast 2021-2026           

                                Exhibit 62:  Chart on South America - Market size and forecast 2021-2026 ($ million)

                                Exhibit 63:  Data Table on South America  - Market size and forecast 2021-2026 ($ million)

                                Exhibit 64:  Chart on South America  - Year-over-year growth 2021-2026 (%)

                                Exhibit 65:  Data Table on South America - Year-over-year growth 2021-2026 (%)

                7.7 Middle East and Africa - Market size and forecast 2021-2026            

                                Exhibit 66:  Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)

                                Exhibit 67:  Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)

                                Exhibit 68:  Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)

                                Exhibit 69:  Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

                7.8 China - Market size and forecast 2021-2026             

                                Exhibit 70:  Chart on China - Market size and forecast 2021-2026 ($ million)

                                Exhibit 71:  Data Table on China - Market size and forecast 2021-2026 ($ million)

                                Exhibit 72:  Chart on China - Year-over-year growth 2021-2026 (%)

                                Exhibit 73:  Data Table on China - Year-over-year growth 2021-2026 (%)

                7.9 US - Market size and forecast 2021-2026   

                                Exhibit 74:  Chart on US - Market size and forecast 2021-2026 ($ million)

                                Exhibit 75:  Data Table on US - Market size and forecast 2021-2026 ($ million)

                                Exhibit 76:  Chart on US - Year-over-year growth 2021-2026 (%)

                                Exhibit 77:  Data Table on US - Year-over-year growth 2021-2026 (%)

                7.10 Japan - Market size and forecast 2021-2026           

                                Exhibit 78:  Chart on Japan - Market size and forecast 2021-2026 ($ million)

                                Exhibit 79:  Data Table on Japan - Market size and forecast 2021-2026 ($ million)

                                Exhibit 80:  Chart on Japan - Year-over-year growth 2021-2026 (%)

                                Exhibit 81:  Data Table on Japan - Year-over-year growth 2021-2026 (%)

                7.11 India - Market size and forecast 2021-2026            

                                Exhibit 82:  Chart on India - Market size and forecast 2021-2026 ($ million)

                                Exhibit 83:  Data Table on India - Market size and forecast 2021-2026 ($ million)

                                Exhibit 84:  Chart on India - Year-over-year growth 2021-2026 (%)

                                Exhibit 85:  Data Table on India - Year-over-year growth 2021-2026 (%)

                7.12 Germany- Market size and forecast 2021-2026     

                                Exhibit 86:  Chart on Germany- Market size and forecast 2021-2026 ($ million)

                                Exhibit 87:  Data Table on Germany- Market size and forecast 2021-2026 ($ million)

                                Exhibit 88:  Chart on Germany- Year-over-year growth 2021-2026 (%)

                                Exhibit 89:  Data Table on Germany- Year-over-year growth 2021-2026 (%)

                7.13 Market opportunity by geography            

                                Exhibit 90:  Market opportunity by geography ($ million)

8. Drivers, Challenges, and Trends                   

                8.1 Market drivers     

                                8.1.1 Increase in car thefts

                                8.1.2 Emergence of connected cars

                                8.1.3 Rise in demand from emerging APAC countries

                8.2 Market challenges              

                                8.2.1 Slowdown in automobile manufacturing

                                8.2.2 High cost of premium security features

                                8.2.3 Potential failure of electronic components used in vehicle security systems

                8.3 Impact of drivers and challenges  

                                Exhibit 91:  Impact of drivers and challenges in 2021 and 2026

                8.4 Market trends      

                                8.4.1 Growth of biometric technology

                                8.4.2 Increase in use of smart mobile apps for passenger cars

                                8.4.3 Rise in risks associated with keyless cars

9. Vendor Landscape                             

                9.1 Overview

                9.2 Vendor landscape

                                Exhibit 92:  Overview on Criticality of inputs and Factors of differentiation

                9.3 Landscape disruption        

                                Exhibit 93:  Overview on factors of disruption

                9.4 Industry risks        

                                Exhibit 94:  Impact of key risks on business

10. Vendor Analysis               

                10.1 Vendors covered              

                                Exhibit 95:  Vendors covered

                10.2 Market positioning of vendors    

                                Exhibit 96:  Matrix on vendor position and classification

                10.3 Alps Alpine Co. Ltd.          

                                Exhibit 97:  Alps Alpine Co. Ltd. - Overview

                                Exhibit 98:  Alps Alpine Co. Ltd. - Business segments

                                Exhibit 99:  Alps Alpine Co. Ltd. - Key news

                                Exhibit 100:  Alps Alpine Co. Ltd. - Key offerings

                                Exhibit 101:  Alps Alpine Co. Ltd. - Segment focus

                10.4 Continental AG  

                                Exhibit 102:  Continental AG - Overview

                                Exhibit 103:  Continental AG - Business segments

                                Exhibit 104:  Continental AG - Key news

                                Exhibit 105:  Continental AG - Key offerings

                                Exhibit 106:  Continental AG - Segment focus

                10.5 DENSO Corp.      

                                Exhibit 107:  DENSO Corp. - Overview

                                Exhibit 108:  DENSO Corp. - Business segments

                                Exhibit 109:  DENSO Corp. - Key news

                                Exhibit 110:  DENSO Corp. - Key offerings

                                Exhibit 111:  DENSO Corp. - Segment focus

                10.6 HELLA GmbH and Co. KG

                                Exhibit 112:  HELLA GmbH and Co. KG - Overview

                                Exhibit 113:  HELLA GmbH and Co. KG - Business segments

                                Exhibit 114:  HELLA GmbH and Co. KG - Key offerings

                                Exhibit 115:  HELLA GmbH and Co. KG - Segment focus

                10.7 Lear Corp.

                                Exhibit 116:  Lear Corp. - Overview

                                Exhibit 117:  Lear Corp. - Business segments

                                Exhibit 118:  Lear Corp. - Key news

                                Exhibit 119:  Lear Corp. - Key offerings

                                Exhibit 120:  Lear Corp. - Segment focus

                10.8 Mitsubishi Electric Corp.

                                Exhibit 121:  Mitsubishi Electric Corp. - Overview

                                Exhibit 122:  Mitsubishi Electric Corp. - Business segments

                                Exhibit 123:  Mitsubishi Electric Corp. - Key news

                                Exhibit 124:  Mitsubishi Electric Corp. - Key offerings

                                Exhibit 125:  Mitsubishi Electric Corp. - Segment focus

                10.9 Robert Bosch GmbH        

                                Exhibit 126:  Robert Bosch GmbH - Overview

                                Exhibit 127:  Robert Bosch GmbH - Business segments

                                Exhibit 128:  Robert Bosch GmbH - Key news

           &am

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Passenger Car Security Systems market growth will increase by $1144.52 million during 2022-2026.
The passenger car security systems market is expected to grow at a CAGR of 3.09% during 2022-2026.
Technavio has segmented the passenger car security systems market by product (Immobilizer, Central lock system, Alarm system, and RKE and others) and geographic (APAC, North America, Europe, South America, and Middle East and Africa).
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, ZF Friedrichshafen AG are a few of the key vendors in the passenger car security systems market.
APAC will register the highest growth rate of 63.47% among the other regions. Therefore, the passenger car security systems market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the passenger car security systems market growth are:
  • Increase in car thefts
  • Growth of biometric technology
The passenger car security systems market vendors should focus on grabbing business opportunities from the immobilizer segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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