Automotive Security Market Share 2021: Global Trends, Key Players, Industry Analysis Report to 2027

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. 

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

Scope of the Report

The research study analyses the global Automotive Security industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

• Market Overview and growth analysis
• Import and Export Overview
• Volume Analysis
• Current Market Trends and Future Outlook
• Market Opportunistic and Attractive Investment Segment

Geographic Coverage

• North America Market Size and/or Volume
• Latin America Market Size and/or Volume
• Europe Market Size and/or Volume
• Asia-Pacific Market Size and/or Volume
• Rest of the world Market Size and/or Volume

Key Questions Answered by Automotive Security Market Report

• What was the Automotive Security Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Automotive Security Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
• Which manufacturer/vendor/players in the Automotive Security Market was the market leader in 2020?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.