Market Overview:
The global vehicle security market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for advanced security systems in passenger cars and commercial vehicles. Additionally, the increasing number of thefts and vandalism incidents are also fueling the demand for vehicle security systems globally. The alarm segment is expected to hold the largest share of the global vehicle security market by type during the forecast period from 2018 to 2030. This can be attributed to its high adoption rate in passenger cars and commercial vehicles owing to its ability to provide timely warning against any unauthorized intrusion or activity.
Product Definition:
A security system for vehicles is a system that is designed to protect the vehicle and its occupants from theft or damage. Vehicle security systems can include features such as an alarm, a remote starter, or a tracking device. The purpose of having a vehicle security system is to deter criminals from targeting your vehicle and to provide you with peace of mind knowing that your vehicle and its contents are safe.
Alarm:
Alarm is a signal that indicates the occurrence of some event or the other and is used in various applications such as fire, theft, etc. The growth factor for alarm system usage can be attributed to growing incidences of vehicle thefts across the globe. According to FBI's crime statistics (yearly), around 4 million vehicles are stolen in a year which leads to huge losses for car owners.
Immobilizer:
Immobilizer is a security device used in vehicles to help prevent theft. It works on the principle of electromagnetic locking by generating an electrical signal that immobilizes the vehicle engine and prevents any movement of internal components. The signal generated by immobilizers differs from that produced by brake locks, which only affect the powertrain and does not stop human intervention; thus, it can be manually bypassed using a key or wire cutters.
Application Insights:
The passenger car segment dominated the global vehicle security market in 2017 and is expected to maintain its lead over the forecast period. The growing number of middle-class consumers across the globe has led to an increase in demand for vehicles as a status symbol, which has further driven growth. Furthermore, governments around the world are taking initiatives to ensure road safety by increasing spending on traffic management and reducing speed limits on certain roads, which will have a positive impact on industry growth.
Passenger cars accounted for more than 60% of overall revenue share in 2017 owing to their high theft rate globally compared with commercial vehicles. Moreover, rising concerns regarding personal safety while traveling have led manufacturers all over the world including Japan Motor Vehicle Safety Standards (JMSVSS) and Germany's Daimler AG to introduce innovative features such as smart key systems or remote door locking systems among other such technologies that enhance vehicle security against thefts or any other form of attacks from outside or inside a vehicle respectively.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to stringent regulations regarding vehicle security and safety, presence of major automobile manufacturers, and high disposable income of consumers in developed economies such as U.S., Canada, and Mexico.
Growth Factors:
- Increasing demand for vehicle security systems from the commercial sector
- Growing popularity of connected cars and the increasing number of vehicles with internet connectivity
- Proliferation of advanced digital technologies, such as big data, cloud computing, and artificial intelligence (AI), which are being used in vehicle security systems
- Stringent government regulations pertaining to vehicle security
- Rising concerns about safety and security among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Vehicle Security Market Research Report
By Type
Alarm, Immobilizer, Remote Keyless Entry, Passive Keyless Entry, Central Locking System
By Application
Passenger Car, Commercial Vehicle
By Companies
Continental AG (DE), Delphi Automotive (US), Denso Corporation (JP), Hella Kgaa Hueck & Co. (DE), Lear Corporation (US), Mitsubishi Electric Corporation (JP), Robert Bosch GmbH (DE), Tokai Rika Co., Ltd. (JP), Valeo SA (FR), ZF TRW Automotive Holdings Corporation (US)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Vehicle Security Market Report Segments:
The global Vehicle Security market is segmented on the basis of:
Types
Alarm, Immobilizer, Remote Keyless Entry, Passive Keyless Entry, Central Locking System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Car, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Continental AG (DE)
- Delphi Automotive (US)
- Denso Corporation (JP)
- Hella Kgaa Hueck & Co. (DE)
- Lear Corporation (US)
- Mitsubishi Electric Corporation (JP)
- Robert Bosch GmbH (DE)
- Tokai Rika Co., Ltd. (JP)
- Valeo SA (FR)
- ZF TRW Automotive Holdings Corporation (US)
Highlights of The Vehicle Security Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Alarm
- Immobilizer
- Remote Keyless Entry
- Passive Keyless Entry
- Central Locking System
- By Application:
- Passenger Car
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vehicle Security Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Vehicle security is the practice of protecting vehicles from theft or vandalism. Vehicle security can be achieved through a variety of methods, including installing locks on doors and windows, using alarm systems, and tracking vehicle location with GPS.
Some of the major companies in the vehicle security market are Continental AG (DE), Delphi Automotive (US), Denso Corporation (JP), Hella Kgaa Hueck & Co. (DE), Lear Corporation (US), Mitsubishi Electric Corporation (JP), Robert Bosch GmbH (DE), Tokai Rika Co., Ltd. (JP), Valeo SA (FR), ZF TRW Automotive Holdings Corporation (US).
The vehicle security market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vehicle Security Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Vehicle Security Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vehicle Security Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Vehicle Security Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Vehicle Security Market Size & Forecast, 2018-2028
4.5.1 Vehicle Security Market Size and Y-o-Y Growth
4.5.2 Vehicle Security Market Absolute $ Opportunity
Chapter 5 Global Vehicle Security Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Vehicle Security Market Size Forecast by Type
5.2.1 Alarm
5.2.2 Immobilizer
5.2.3 Remote Keyless Entry
5.2.4 Passive Keyless Entry
5.2.5 Central Locking System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Vehicle Security Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Vehicle Security Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vehicle Security Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Vehicle Security Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Vehicle Security Analysis and Forecast
9.1 Introduction
9.2 North America Vehicle Security Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Vehicle Security Market Size Forecast by Type
9.6.1 Alarm
9.6.2 Immobilizer
9.6.3 Remote Keyless Entry
9.6.4 Passive Keyless Entry
9.6.5 Central Locking System
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Vehicle Security Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Vehicle Security Analysis and Forecast
10.1 Introduction
10.2 Europe Vehicle Security Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Vehicle Security Market Size Forecast by Type
10.6.1 Alarm
10.6.2 Immobilizer
10.6.3 Remote Keyless Entry
10.6.4 Passive Keyless Entry
10.6.5 Central Locking System
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Vehicle Security Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Vehicle Security Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Vehicle Security Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Vehicle Security Market Size Forecast by Type
11.6.1 Alarm
11.6.2 Immobilizer
11.6.3 Remote Keyless Entry
11.6.4 Passive Keyless Entry
11.6.5 Central Locking System
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Vehicle Security Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Vehicle Security Analysis and Forecast
12.1 Introduction
12.2 Latin America Vehicle Security Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Vehicle Security Market Size Forecast by Type
12.6.1 Alarm
12.6.2 Immobilizer
12.6.3 Remote Keyless Entry
12.6.4 Passive Keyless Entry
12.6.5 Central Locking System
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Vehicle Security Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Vehicle Security Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Vehicle Security Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Vehicle Security Market Size Forecast by Type
13.6.1 Alarm
13.6.2 Immobilizer
13.6.3 Remote Keyless Entry
13.6.4 Passive Keyless Entry
13.6.5 Central Locking System
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Vehicle Security Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Vehicle Security Market: Competitive Dashboard
14.2 Global Vehicle Security Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Continental AG (DE)
14.3.2 Delphi Automotive (US)
14.3.3 Denso Corporation (JP)
14.3.4 Hella Kgaa Hueck & Co. (DE)
14.3.5 Lear Corporation (US)
14.3.6 Mitsubishi Electric Corporation (JP)
14.3.7 Robert Bosch GmbH (DE)
14.3.8 Tokai Rika Co., Ltd. (JP)
14.3.9 Valeo SA (FR)
14.3.10 ZF TRW Automotive Holdings Corporation (US)
