The vehicle security system market, in terms of value, is projected to grow at a CAGR of 7.2% from 2016 to 2021. The market is estimated to be USD 7.57 Billion in 2016, and is projected to reach 10.75 Billion by 2021. In this study, 2015 has been considered the base year, and 2016 to 2021 the forecast period, for estimating the market size of the vehicle security system market. The study segments the market on the basis of vehicle type, product type, technology, and region.
The market has been classified by product type as follows: alarm, immobilizer, remote keyless entry, passive keyless entry, and central locking system. It has been segmented by technology into global positioning system, global system for mobile communication, face detection system, and real-time location system. Enhanced safety features and the increasing production of vehicles are expected to drive the vehicle security system market in the Asia-Pacific. The region is estimated to lead the market, in terms of value, in 2016. The North American region is estimated to be the second-largest market for vehicle security systems, owing to the growing trend of installing safety features in vehicles.
The research methodology used in the report involves various secondary sources, including paid databases and directories. Experts from related industries and suppliers have been interviewed to understand the future trends of the vehicle security system market. The bottom-up approach has been used to estimate the market size, wherein country-wise vehicle production statistics have been taken into account for each vehicle type (passenger car, commercial vehicle, and off-highway vehicle).
The average number of vehicle security systems that are incorporated in each vehicle category has been identified and multiplied by vehicle production numbers to obtain the country-level vehicle security system volume to arrive at the market size. This country-wise market size, in terms of volume, for each vehicle type is then multiplied with the country-wise average OE price (AOP) of vehicle security systems required for each application. This results in the country-wise market size, in terms of value. The summation of the country-wise market provides the regional market and further summation of the regional market provides the global vehicle security system market.
The figure given below illustrates the break-up of the profile of industry experts who participated in primary discussions.
The ecosystem of the vehicle security system industry consists of manufacturers such as Robert Bosch GmbH (Germany), Continental AG (Germany), and Lear Corporation (U.S.), research institutes such as the Automotive Research Association of India (ARAI), European Automotive Research Partners Association (EARPA), and the United States Council for Automotive Research (USCAR), and regional automobile associations such as China Association of Automobile Manufacturers (CAAM), Japan Automobile Manufacturers Association (JAMA), and the European Automobile Manufacturers Association (ACEA).
- Manufacturers of vehicle security systems
- Dealers and distributors of vehicle security systems
- Industry associations
- Investment firms
- Equity research firms
- Private equity firms
Scope of the Report
- By Product Type
- Remote Keyless Entry
- Passive Keyless Entry
- Central Locking System
- By Vehicle Type
- Passenger Car
- Commercial Vehicle
- Off-Highway Vehicle
- By Technology
- Global Positioning System
- Global System for Mobile Communication
- Face Detection System
- Real-Time Location System
- By Region
- North America
MarketsandMarkets offers the following customizations for this market:
- Vehicle security aftermarket, by region
Detailed analysis and profiling of additional market players (up to 3)
- Automotive Biometric market, By vehicle type (Passenger car & commercial vehicles)