Global Automotive Security System Market Size, Share & Trends Analysis Report, By Type (Active Safety System and Passive Safety System), By Application (Passenger Cars and Commercial Vehicles), Forecast (2022-2028)

The global automotive security system market is anticipated to grow at a CAGR of 4.5% during the forecast period (2022-2028). The automotive security system is aimed at monitoring the vehicle for attempted theft or vandalism. When the system detects a trigger from a particular zone or sensor, it activates a loud siren. The market growth is majorly attributable to growing cases of vehicle theft without using keys. For instance, in July 2019, German General Automobile Club (ADAC) conducted a series of tests on 237 vehicles with keyless entry and found that about 230 of them were worryingly easy to break into using cheap electronic equipment called relay boxes. This demands the integration of multiple standalone systems by the manufacturers that offer more robust and modern car security modules in both low-end and high-end cars. Such factors are projected to spur the growth of the global automotive security system market.
The market growth is also attributable to the regulation of stringent vehicle security norms by the governments all over the globe coupled with the advancement in passive and active safety or security technologies. Consistent advancements in technology in the last few decades have also surged the global automotive security system market. Further, as per the Europol, in July 2020, the European Union’s law enforcement body, the Polish National Police found that car thieves had been stealing Mercedes-Benz equipped with the KEYLESS-GO system mostly in Germany, moving them to Poland, and dismantling them to sell for parts. This, in turn, is accelerating the demand for automotive security systems.

Market Coverage
The market number available for – 2021-2028
Base year- 2021
Forecast period- 2022-2028

Segment Covered- 
By Type
By Application

Regions covered-
North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape:

Denso Corp., Robert Bosch GmbH, and Continental AG, among others.

Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How are players addressing challenges to sustain growth?
Where is the investment opportunity?

Global Automotive Security System Market Report by Segment
By Type
Active Safety System
Passive Safety System

By Application
Passenger Cars
Commercial Vehicles