
Vehicle Security Systems Market
Vehicle Security Systems Market Global Industry Assessment & Forecast
Segments Covered
By Product Type Alarm, Keyless Entry, Immobilizer, Central Locking, Other Types
By Vehicle Type Commercial Vehicles, Passenger Vehicles, Off-highway Vehicles
Snapshot
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2021 - 2028 |
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2016 - 2020 |
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9.28 Billion |
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14.72 Billion |
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8.10% |
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North America |
Customization Offered
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market Dynamics
Region Level Market Share
Import Export Analysis
Production Analysis
Others Request Customization Speak To Analyst
Sr. No. | Offering | Report Coverage |
1. | Market Size | In terms of Revenue (USD Million) |
2. | Historic Data | 2015 to 2019 |
3. | Forecast Data | 2021 to 2028 |
4. | Market Drivers, Restraints, Opportunities, & Regional Market Trends | Yes |
5. | Market Attractiveness Analysis | Yes |
6. | Segment Analysis | Maximum Segments |
7. | Regional Coverage | 5 Regions |
8. | Country Coverage | Top 22 Countries |
9. | Competitive Landscape and Company Market Share Analysis | Yes. Exhaustive information will be provided in two separate chapters of Competitive Landscape and Company Profiles. |
10. | Porter’s Five Forces Analysis | Yes. |
11. | Value Chain Analysis | Yes |
12. | PEST Analysis | Yes |
13. | Regulatory Landscape | Yes |
14. | Technology Landscape | Yes |
15. | COVID-19 Impact Analysis | Yes. Exhaustive information for Key Strategies Undertaken by Companies, Impact Assessment of the COVID-19 Pandemic by Region, along with Short-term and Long-term dynamics. |
16. | Top startups to watch out for | Yes |
17. | Top 3 Trends to Watch | Yes |
18. | Top 3 Strategies Followed by Major Players | Yes |
19. | Top 3 Predictions by Vantage Market Research | Yes |
20. | Discussion Guide | Yes |
21. | Key Primary Respondents - VERBATIM | Yes |
22. | Transcripts from the Primary Respondents | Additional Cost USD 1,000 |
23. | Others/Miscellaneous |
FAQ
Frequently Asked Question
What is the global demand for Vehicle Security Systems in terms of revenue?
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The global Vehicle Security Systems valued at 9.28 Billion in 2020 and is expected to reach 14.72 Billion in 2028 growing at a CAGR of 8.10%%.
Which are the prominent players in the market?
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The prominent players in the market are Tokai Rika Co. Ltd., Robert Bosch GmbH, ZF TRW Automotive Holdings Corporation, Mitsubishi Electric Corporation, Hella Kgaa Hueck & Co., Denso Corporation, Lear Corporation, Continental AG, Valeo SA, Delphi Automotive..
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 8.10%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
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The driving factors of the Vehicle Security Systems include
- The increasing technological innovation in the automotive security industry is anticipated to augment the growth of the vehicle security systems market during the forecast period. The current technological developments like tracking systems, passive immobilizers, and personal alarm pagers, provides high-tech alternatives that makes the vehicles harder to steal and easier to track. Additionally, car and alarm manufacturers are constantly trying to improve their security systems against theft. Great achievements have been made recently by incorporating the alarm system as an integral part of the vehicle electronics.
- The implementation of government regulations for installing security systems is expected fuel the growth of the vehicle security systems market during the forecast period. For instance, it is compulsory to fit government approved immobilizers before licensing or transferring a vehicle in the territory according to Government of Western Australia, Department of Transport. Moreover, installing vehicle security system decreases the probability of car theft to a higher percentage. Additionally, some insurance companies refuse to provide insurance to vehicles that does not have a security systems installed in them.
Which region accounted for the largest share in the market?
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North America was the leading regional segment of the Vehicle Security Systems in 2020.