Car Security Systems Market worth $11.5 Billion by 2019, According to a New Study on ASDReports

Thursday 9 October 2014, Amsterdam

The report, now available on ASDReports, “Car Security Systems Market by Type (Alarm, Immobilizer, Remote Keyless Entry (RKE) & Central Locking System) & Region (Asia-Oceania, Europe, North America & ROW) - Industry Trends & Forecast to 2019”, classifies and defines the passenger car security systems market in terms of volume and value. The report highlights the potential growth opportunities for passenger car security systems market in the coming years and also covers the review of-market drivers, restraints, opportunities, challenges, vehicle theft statistics in key countries, competitive landscape, and other key aspects related to passenger car security systems market.


Asia-Oceania: Growing Market for Security Systems

The Asia-Oceania region comprises of emerging nations, such as China, Japan, South Korea,and India. The growing number of vehicle thefts and increasing vehicle sales volume has been driving the market for passenger car security systems in this region. Tier-one suppliers, such as Robert Bosch GmbH (Germany), Continental AG (Germany), and Delphi Automotive PLC (U.K.) are some of the dominant players that havea strong presence in this region. Also, incountries,such asAustralia and Malaysia, the adoption of immobilizer is mandatory in all the new cars sold. This is another key factor driving the market for security systems.


North American Market to Grow at a Stable Rate

North America comprises of U.S., Canada, and Mexico. The U.S. is estimated to be the largest market in terms of volume for passenger car security systems in this region. In Canada,the installation of immobilizer in all new cars sold is mandatoryowing to the vehicle security legislations. This has been driving the growth of vehicle security systems market in the country. In North American region, suppliers, such as TRW Automotive Holdings Corp. (U.S.), Robert Bosch GmbH (Germany), and Continental AG (Germany) have their manufacturing facilities.

The report covers the passenger car security systems market in terms of volume and value. The market size between 2012 and 2019 with regards to volume is provided in terms of thousand units (‘000 Units), whereas the value of the market is provided in terms of USD million ($Million) between 2012 and 2019. The passenger car security systems market is broadly segmented by type (alarm, immobilizer, remote keyless entry (RKE), and central locking system) and geography (Asia-Oceania, Europe, North America, and ROW), focusing on key countries in each region.

The report classifies and defines the passenger car security systems market in terms of volume and value and provides qualitative and quantitative insights on passenger car security systems. It also gives a comprehensive review of market drivers, restraints, opportunities, challenges, and other related aspects of the passenger car security systems market. The key players in this market have also been identified and profiled.