Automotive Security Market is projected to grow at a significant CAGR during the forecast period from 2021 to 2027. The major factor contributing to the growth of the market include increasing incidences of vehicle theft. Significant incidences of vehicle theft have been reported across the globe. In addition, a significant rise in the demand for autonomous vehicles is further expected to drive the market growth during the forecast period. The automotive security system gives an alarm when someone tries to break into the vehicle. The primarily adopted security systems include immobilizers, keyless entry systems, and alarm systems. Currently, a large number of vehicles have a remote keyless entry system that alerts the vehicle against the lock, unlock, and theft.
North America is estimated to hold a significant share in the market, owing to the rising number of vehicle thefts coupled with the increasing awareness regarding the anti-theft vehicle system in the region. Asia-Pacific is estimated to witness substantial growth during the forecast period owing to the increasing automobile production coupled with the growing disposable income in the region. Some of the major players in the market include Robert Bosch GmbH, Delphi Automotive PLC, Continental AG, Denso Corp., and Mitsubishi Electric Corp. Mergers and acquisitions, partnerships and collaborations, and product launches are some of the strategies adopted by the market players to expand market share and gain a competitive advantage over their competitors.
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A full report of Global Automotive Security Market is available at: https://www.orionmarketreports.com/automotive-security-market/41457/
The following Segmentation are covered in this report:
By Vehicle Type
- Passenger Car
- Commercial Vehicle
By Security Type
- Application
- Wireless
- Endpoint
By Application
- ADAS & safety
- Body control & comfort
- Infotainment
- Telematics
- Powertrain systems
- Communication systems
By Region
North America:
- US
- Canada
Europe:
- France
- Italy
- Germany
- UK
- Rest of Europe
Asia Pacific:
- India
- China
- Japan
- Australia
- Rest of APAC
The report covers the following objectives:
- Proliferation and maturation of trade in the global Automotive Security Market.
- The market share of the global Automotive Security Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Automotive Security Market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Automotive Security Market.
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
