Over the years, the number of car thefts has increased worldwide. For example, in 2019, more than 100,000 cars were stolen in the UK. Therefore, to prevent such car thefts, governments around the world are introducing car theft prevention rules. This forces keepers to install devices with pre-installed security systems and various other advanced sensors for the safety and convenience of users. For example, Porsche AG and Tesla Inc. have installed their own anti-theft systems in all their models. All of these factors are expected to present great opportunities for market sellers during the expected period.
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Passenger Car Security Systems Market: Segmentation Analysis
Separation by product
The immobilizer section you will see profit growth in the forecast period. The use of security devices as standard equipment in today’s vehicles will be crucial in driving the demand for passenger car security systems. In addition, the growing demand for sedans, coupes, hatchbacks, crossovers, and SUVs will contribute to the growth of the segment over the expected period.
Separation by Geography
APAC emerged as the largest market for passenger car security systems in 2020 with 85% market share. The rise in car sales and the presence of established car manufacturers are driving the market growth in the sector. During the forecast period, the adoption of electric vehicles is expected to present significant opportunities for dealers operating in the market.
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Leading vendors covered in passenger car security systems market
The report provides information on productivity, sustainability and prospects for a number of key companies, including:
- Alps Alpine Co. Earr.
- Continental AG
- Corp. DENSO Corp.
- HELLA GmbH & Co. KGaA
- Lear Corp.
- Mitsubishi Electric Corp.
- Robert Bosch GmbH
- Tokai Rika Co. Earr.
- Valeo SA
- ZF Friedrichshafen AG
Passenger Car Security Systems Market Report: Reasons to Buy
- Market segment assessments for the regional and country segments
- Strategic proposals for the new entrants
- Covers market data for 2020, 2021, to 2025
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic proposals in key industry segments based on market estimates
- Competitive landscape mapping the main common trends
- Company profile with detailed strategies, finances and recent developments
- Supply chain trends map the latest technological advances
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