Vehicle
Security Market Global Research Report 2017 Analysis & Forecast to 2023
The
growth of automotive industry leads to the increase in demand for automotive
vehicle security market. The vehicle security market has been segmented based
on technology, channel type and vehicle type. On the basis of technology the
market segments include Immobilizer System, Remote Central Locking System,
Alarm System and Others. Remote Central Locking System segment is dominating
the vehicle security market as it helps in automatically locking all the
vehicle’s doors as well as due to its convenience nature. On the basis of
Channel type, it includes OEM and Aftermarket. OEM market is the major market
for the growth of the vehicle security market. On the basis of vehicle type,
the market is segmented as Passenger vehicle and Commercial vehicle. Passenger
vehicles accounted for the largest market share, owing to the factors such as
rising demand of passenger cars among a large pool of population, acts as a
major factor for the growth of this segment. Increasing number of vehicles,
progress of developing semi-autonomous & autonomous vehicles, and
increasing demand for safety & comfort features from consumers, are likely
to result in increased usage of vehicle security in automotive industry.
According
to the Market Research Future analysis, Vehicle
Security market is expected to
reach a market size of USD 10.45 Billion by the end of the forecast
period at CAGR of 6.8%.
The report for Global Vehicle
Security Market of Market Research Future comprises of
extensive primary research along with the detailed analysis of qualitative as
well as quantitative aspects by various industry experts, key opinion leaders
to gain the deeper insight of the market and industry performance. The report
gives the clear picture of current market scenario which includes historical
and projected market size in terms of value and volume, technological
advancement, macro economical and governing factors in the market. The report
provides details information and strategies of the top key players in the
industry. The report also gives a broad study of the different market segments
and regions.
Analysts state
that Valeo S.A.(France), Continental A.G.(
Germany) Delphi Automotive PLC (U.K.), Hella KGaA Hueck & Co.(Germany) ,
Tokai Rika Co., Ltd. (Japan), Denso Corporation (Japan), Robert Bosch GmbH
(Germany), Lear Corporation (U.S.), Omron Corporation (Japan) are some
of the major companies operating in this business market.
...Continued
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