Vehicle Security System Market by Type, Technology, Region - 2021 | MarketsandMarkets
[190 Pages Report] Vehicle Security System Market report categorizes the global market by Type, Technology, Vehicle Type (Passenger Car, Commercial Vehicles and Off-Highway Vehicles) and by Region (EU, NA & RoW)
(EMAILWIRE.COM, February 14, 2019 ) According to the new market research report "Vehicle Security System Market by Type, Technology, Vehicle Type (Passenger Car, Commercial Vehicles and Off-Highway Vehicles), and by Region (Asia-Pacific, Europe, North America and Rest of the World) - Industry Trends and Forecast to 2021", published by MarketsandMarkets™, 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. The growth of this market is fuelled by the rising vehicle production and increasing installation of safety features in vehicles.
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Browse and in-depth TOC on “Vehicle Security System Market"
96 - Tables
62 - Figures
190 - Pages
“Rising vehicle production and increasing installation of safety features will drive the vehicle security system market in Asia-Pacific region”
Asia-Pacific is estimated to be the largest market for vehicle security systems. The Asia-Pacific vehicle security system market, in terms of value, is projected to grow at the highest CAGR from 2016 to 2021. This can be mainly attributed to rising vehicle production and the increasing installation of safety features in passenger cars, commercial vehicles, and off-highway vehicles. The immobilizer segment is estimated to account for the largest market share in 2016. However, the remote keyless entry segment is projected to grow at the highest CAGR during the forecast period.
Major Players Profiled in the report are :
• Robert Bosch GmbH
• Continental AG
• Lear Corporation
• Valeo SA
• Denso Corporation
“Growing demand for and awareness regarding safety technologies to drive the vehicle security system market”
Factors such as the increase in vehicle sales, growing awareness regarding vehicle security systems among consumers, government regulations mandating safety features, and an increase in vehicle thefts are driving the demand for vehicle security systems. Countries such as Brazil, Russia, Australia, Canada, Germany, the U.K., and France have introduced vehicle security regulations mandating the installation of immobilizers in every vehicle to be sold. Additionally, several insurance companies charge lower premiums and prioritize vehicles that are equipped with standard security systems such as alarms and immobilizers.
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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com
Get Free 10% customization @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=184165229
Browse and in-depth TOC on “Vehicle Security System Market"
96 - Tables
62 - Figures
190 - Pages
“Rising vehicle production and increasing installation of safety features will drive the vehicle security system market in Asia-Pacific region”
Asia-Pacific is estimated to be the largest market for vehicle security systems. The Asia-Pacific vehicle security system market, in terms of value, is projected to grow at the highest CAGR from 2016 to 2021. This can be mainly attributed to rising vehicle production and the increasing installation of safety features in passenger cars, commercial vehicles, and off-highway vehicles. The immobilizer segment is estimated to account for the largest market share in 2016. However, the remote keyless entry segment is projected to grow at the highest CAGR during the forecast period.
Major Players Profiled in the report are :
• Robert Bosch GmbH
• Continental AG
• Lear Corporation
• Valeo SA
• Denso Corporation
“Growing demand for and awareness regarding safety technologies to drive the vehicle security system market”
Factors such as the increase in vehicle sales, growing awareness regarding vehicle security systems among consumers, government regulations mandating safety features, and an increase in vehicle thefts are driving the demand for vehicle security systems. Countries such as Brazil, Russia, Australia, Canada, Germany, the U.K., and France have introduced vehicle security regulations mandating the installation of immobilizers in every vehicle to be sold. Additionally, several insurance companies charge lower premiums and prioritize vehicles that are equipped with standard security systems such as alarms and immobilizers.
Request for Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=184165229
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com
Contact Information:
MarketsandMarkets™
Mr. Shelly Singh
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Shelly Singh
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results