Global Passenger Car Security Systems Market 2015-2019
About Passenger Car Security Systems
With an increase in the production and sales of vehicles worldwide, instances of car theft or hijacking are on the rise. Passenger car security products such as immobilizers, alarms, central locking systems, and RKE protect cars from theft or hijacking. These passenger car security products immediately alert the owner and the SOCs in cases of theft.
Technologies such as RFID, RTLS, and GPS are used to track down stolen cars. For instance, General Motors' subsidiary, OnStar, provides car navigation systems, subscription-based communications, roadside assistance, and stolen vehicle assistance.
Technavio's analysts forecast the global passenger car security systems market to grow at a CAGR of 4.01% over the period 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the global passenger car security systems market for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the sales of security products for passenger cars, which is dependent on car production and car sales.
The market is segmented on the basis of the following:
Technavio Announces the Publication of its Research Report – Global Passenger Car Security Systems Market 2015-2019
Technavio recognizes the following companies as the key players in the global passenger car security systems market: Alps Electric, Bosch, Continental, Delphi Automotive, Mitsubishi Electric and TRW Automotive
Other Prominent Vendors in the market are: Hella Kgaa Hueck, LearTokai Rika and Valeo
Commenting on the report, an analyst from Technavio’s team said: The global passenger car security systems market is highly fragmented with the presence of numerous small vendors that operate in niche markets. As niche market players have new technologies in their portfolio, the most favored way for large vendors to enter the market is through the partnerships of these niche players. Further, with increased competition, vendors might choose partnerships for consolidating their strengths. For instance, Dynamco has partnered with Dynatron Passenger car security for vehicle alarms. It also provides GPS, which is a vehicle tracking system.
According to the report, in the current competitive environment, OEMs need to be in sync with the latest technological trends. With the increasing number of car thefts, there is growing awareness about passenger car security systems among end-users. Vendors are also increasing their reach through advertisements, trade fairs, seminars and webinars, and other promotional events. This is helping end-users in choosing suitable passenger car security systems. Also, the ready availability of advanced and user-friendly security systems is encouraging end-users to invest in passenger car security systems.
Further, the report states that passenger car security systems are not infallible and this degree of unreliability may hamper market growth.
Alps Electric, Bosch, Continental, Delphi Automotive, Mitsubishi Electric, TRW Automotive, Hella Kgaa Hueck, LearTokai Rika, Valeo