The global Vehicle
Security Systems Market share report
provides numbers for applications and regional segments of the industry
covering historical as well as forecast data for decision makers.
Vehicle Security Systems
Market size will witness a substantial growth in near future. Diverse variety
of the product is used in automobiles for safety, security and alerts. Device
are used to prevent unauthorized appropriation of goods considered valuable. It
is fitted in different parts of automobile to protect automobile components and
is widely used to ensure safety of passengers and vehicles from theft
activities.
Commercial and passenger
car industry will grow at over 10% and 9% respectively in next five years.
Growing population worldwide is rising demand for vehicle security systems
market. The system is used as an essential part of car to provide protection
from unforeseen incidents. Passenger and commercial car segments are fastest
growing sector in the economy. 2016 was a record breaking year for global car
sales. Increasing spending on cars has fueled vehicle security system market.
Request for an in-depth table of
contents for this report @ https://www.gminsights.com/request-toc/upcoming/1907
Rising car thefts globally has boosted device demand
at a higher pace. Frequent incidents have increased consumer awareness about
various safety devices. It is installed by car manufacturers during production
to alert drivers of certain unanticipated incident. Bulging theft incidence
globally is surging vehicle security systems market.
Large number of new entrants in the industry are
intensifying competition, that makes vehicle security systems market highly
competitive in nature. Companies are manufacturing diverse variety of products
for various automobiles parts. Upsurge in car purchase and consumer needs for
these security devices is increasing demand of the product at faster pace.
Challenges in vehicle security systems market are its
high cost and probability of false alarm. Technology used in creating devices
are new in the industry thus, it incurs high initial cost for installation. It
can ring false alarm due to rain or any other physical contact that can cause
surrounding disturbances. These factors are creating hurdles in device growth
and its usage.
Vehicle security systems market is segmented as per
product into remote keyless entry, alarm, immobilizers, passive keyless entry
and central locking. It is further divided on the basis of its technology such
as global system for mobile communication, face detection, real time location,
and positioning device. Passenger, commercial and off highway automobile use
the device at wide level.
Belgium and Spain account for highest number of car
theft cases globally. In 2012, Belgium reported 100,000 car robberies that is
highest among all the other countries. Growing theft in the country drives
demand for Europe vehicle security systems market. North America, led by the
U.S. is largest luxury car manufacturer. The product is optional in low budget
vehicles but is mandatory in all luxury cars. It provides ease in detecting
theft, provides protection, adds value and prestige in automobile. Rising
technological advancement and elevating luxury cars demand is expected to drive
vehicle security system market.
Asia Pacific, especially India and China are major contributors
in vehicle security systems market. The region is largest automobile producer
in the world. Additionally, increasing population, rise in disposable income
are factors boosting demand for the product. China automobile sales will grow
over 4.5% in 2017 as taxation is curtailed down on hatch back cars engine. The
country hosts nearly all recognized brands car manufacturers that includes Audi
and Venucia. The product is featured by these car manufacturers making it most
desirable feature in an automobile.
Key contributors in vehicle security systems market
are Tokai Rika, Valeo, Bosch, Continental, Delphi Automotive, Lear Corporation.
Valeo acquired gestigon in 2017, the move was taken to gain technological
leadership in automated driving. This would provide Valeo in developing driving
assistance operations, particularly in high growth technologies consisting of
interior camera and image processing. By combining skills in a larger team,
they will sharpen their edge and reinforce their leadership in autonomous and
connected cars.
This latest Vehicle
Security Systems Market research
report offers in-depth analysis, key industry insights, market sizing &
forecast on a granular level for key products, applications across number of
regional markets. The report also analyzes the Vehicle
Security Systems from
business strategy perspective, describing in detail growth drivers, pitfalls
&challenges for participants, accompanied by a detailed competitive
benchmarking including company market share analysis and detailed business
profiles.
Reasons to Buy This Report
•
Global Vehicle Security Systems Market size & forecast by product
& application.
•
Growth drivers, pitfalls & industry challenges.
•
Key Vehicle Security Systems Market growth opportunities & emerging
business models.
•
Competitive benchmarking with market share analysis and company
profiles.
About Global Market
Insights
Global Market Insights, Inc., headquartered in
Delaware, U.S., is a global market research and consulting service provider;
offering syndicated and custom research reports along with growth consulting
services. Our business intelligence and industry research reports offer clients
with penetrative insights and actionable market data specially designed and
presented to aid strategic decision making. These exhaustive reports are
designed via a proprietary research methodology and are available for key
industries such as chemicals, advanced materials, technology, renewable energy
and biotechnology.
Contact
Us:
Arun Hegde
Corporate Sales, USA
Global Market
Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
No comments:
Post a Comment