Car Security System Market - Growth, Trends, and Forecast (2019 - 2024)
発行: Mordor Intelligence LLP
ページ情報: 英文 70 Pages
The global car security system market is anticipated to register a CAGR of about 5.84% during the forecast period (2019 - 2024).
The global car security system market has been segmented by type and geography.
As per FBI reports, globally a car is stolen every 23 seconds on average. It takes less than a minute to steal most vehicles successfully, and car thieves are getting increasingly sophisticated with their methods, due to which vehicle manufacturer and car security system manufacturers are launching and continuously developing best car security technologies. Recent technologies like tracking systems, passive immobilizers, and personal alarm pagers all offer high-tech alternatives or add-ons to the traditional alarm that makes the car much harder to steal and easier to recover.
Another technology which is driving the car security market is RFID-Blocking Key Sleeves. In this technology, the vehicle will have RFID reader inside the car beside the driver seat, and once the driver enters the vehicle driver has to keep the RFID tag in RFID reader for clearing the security check. If the RFID tag is matched, only then the vehicle ignition will be on, an else alert signal will be sent to the car owner along with location with help of GPS and GSM. GPS for location identification and GSM for message sending and the car will make emergency sound with a buzzer, and engine ignition and fuel pump will get off with help of a relay.
Geographically the market is led by North America and followed by Asia-Pacific and Europe. The growing The North American region is expected to witness significant growth during the forecast period. This growth of car security systems in the region can be attributed to the presence of affluent buyers, and this is expected to propel the demand for vehicles in this region. As per the 2017 FBI Uniform Crime Report, auto thefts in the United States increased by 4.1%. Approximately 797,000 auto thefts were registered in the country, with car thefts accounting for the major share.
However, the numbers are still high, despite the advancements in technology. A major number of car thefts in the country can be attributed to the negligence on the part of the drivers.
The growing capacity of vehicle production in the Asia-Pacific region and the increasing number of exports of automobiles are acting as major factors behind the growth of the regional market. The aftermarket industry is also growing in the Asia Pacific region which in turn is driving the growth of the car security system market.
The market is majorly dominated by major players such as Robert Bosch, Continental AG, HELLA GmbH & Co. KGaA, Tokai Rika, and Valeo among others. The companies are majorly investing in R&D projects and launching new car security technologies. For instance, Bosch developed a digital key, a Perfectly Keyless app, which will replace the analog vehicle key with a smartphone.
Continental continues to work towards developing digital vehicle keys for automated driving and mobility solutions, such as car-sharing and fleet services. This calls for innovative vehicle access systems in automotive, as conventional vehicle keys will cease to be inadequate for the mobility concepts of the future. As a result, the company has expanded its smart access solution for convenient vehicle access via smartphone, to offer drivers a complete package of services.