The global automotive immobilizer market to grow at a CAGR of 3.77% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global automotive immobilizer market for 2016-2020. To calculate the market size, the report considers a top down approach, wherein the overall automobile production units are considered, which includes passenger cars, LCVs, and HCVs. The report also includes a discussion of the key vendors operating in this market.
Adoption of biometrics-based vehicle security systems will be a key trend for market growth. Biometrics include methods to execute measurements based on human biology. Such technologies work to identify physical parameters, such as voice, finger or palm print, iris structure, and typing rhythm among others.
According to the report, one of the key drivers for market growth will be regulations driving standardization of vehicle security systems. Since several regulatory bodies across the globe have taken initiatives to improve and standardise safety even in entry level vehicles, immobilizers are gradually attaining an adoption rate of 100%. Present day keyless entry systems communicate with vehicles through microwave or radio frequency.
Further, the report states that vehicle entry systems have evolved from using mechanical components to advance electronic components. These components use electromagnetic communication to lock and unlock doors. But they have been exposed to cybercrimes. The market witnesses challenges arising from concerns over electronic vulnerability of the system.
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Mitsubishi Electric
Other prominent vendors
- Alps Electric
- Mastergard Enterprises
- Strattec security
- Tokai Rika
- ZF TRW Automotive
For more information about this report visit http://www.researchandmarkets.com/research/fq4dbs/global_automotive
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