Vehicle Security System Market Is Projected To Reach USD 10.82 Billion By 2024, At A CAGR Of Over 7% | TechSci Research

According to TechSci Research, Global Vehicle Security System Market is projected to reach USD 10.82 Billion by 2024, growing at a CAGR of over 7%. The growth of this market is fuelled by latest technological advancements, increasing vehicle production, increasing demand for immobilizers and remote keyless entry and growing awareness regarding vehicle safety. Based on technology, the market has been segmented into Positioning System, Real-Time Location System, System for Mobile Communication and Face Detection System. In 2018, in terms of value, the face detection system and global positioning system segments accounted for the largest market shares. In 2018, Asia-Pacific region dominated the vehicle security system market in terms of value with China being a key contributor to the growth of the vehicle security system market in the region.

Years considered for this report:

• Historical Year : 2014 – 2017
• Base Year : 2018
• Estimated : 2019
• Forecast : 2020 – 2024

Objective of the Study:

• To analyse and forecast the market size of Vehicle Security System Market, in terms of value and volume.
• To classify and forecast Global Vehicle Security System Market based on vehicle type, product type, technology and regional distribution.
• To identify drivers and challenges for Global Vehicle Security System Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Vehicle Security System Market.
• To conduct the pricing analysis for Vehicle Security System Market.
• To identify and analyse the profile of leading players involved in the manufacturing of Global Vehicle Security System Market.

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Some of the leading players in the Global Vehicle Security System Market are Robert Bosch GmbH, Mitsubishi Electric Corporation, Valeo SA, Continental AG, Delphi Automotive, Lear Corporation, ZF TRW Automotive Holdings Corporation, Denso Corporation, Tokai Rika Co., Ltd., Hella Kgaa Hueck & Co., etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturers across the globe.

TechSci Research calculated the market size of Global Vehicle Security System Market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

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Key Target Audience:

• Manufacturers of vehicle security systems
• Automotive OEMs
• Traders, Distributors, and Suppliers
• Industry associations and experts
• Research organizations and consulting companies.
• Research Institutes
• Industry associations
• Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Global Vehicle Security System Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Market, By Vehicle Type:
  • Passenger Car
  • Commercial Vehicle
  • OTR
• Market, By Product Type:
  • Alarm, Remote Keyless Entry
  • Immobilizer
  • Central Locking System
  • Passive Keyless Entry
• Market, By Technology:
  • Positioning System
  • Real-Time Location System
  • System for Mobile Communication
  • Face Detection System
• Market, by Region:
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Singapore
    • Malaysia
  • Europe & CIS
    • France
    • Germany
    • United Kingdom
    • Italy
    • Spain
  • North America
    • United States
    • Mexico
    • Canada
  • South America
    • Brazil
    • Argentina
    • Colombia
  • Middle East and Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Qatar

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Vehicle Security System Market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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