Global Automotive Immobilizer Market - OEMs Contribute the Highest Share | Technavio

Technavio has published a new market research report on the global automotive immobilizer market 2017-2021 under their automotive library. (Graphic: Business Wire)

LONDON--()--The global automotive immobilizer market is expected to grow at a CAGR of more than 4% from 2017-2021, according to a new market research report by Technavio.

Global automotive immobilizer market segmentation by vehicle type and key stakeholder

Technavio’s report on the global automotive immobilizer market analyses the business dimensions and presents a comprehensive breakdown in terms of market segmentation by vehicle type, which includes passenger cars and commercial vehicles. As projected in 2016, 80% of the market share originated from passenger cars.

Based on key stakeholder, the global automotive immobilizer market has been segmented into OEMs and aftermarket. As of 2016, 95% of the market share came from the OEM segment.

“The high penetration rate of standard fitment immobilizers by the automotive OEMs in the vehicles is one of the main drivers of the automotive immobilizer market. With immobilizers becoming standard equipment of the vehicle, especially passenger cars, the OEM segment is expected to contribute significantly to the global automotive immobilizer market by 2021,” says Keerthi Balu, a lead analyst at Technavio for automotive components research.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

Global automotive immobilizer market: competitive vendor landscape

The automotive immobilizer market is a relatively mature market as the system forms a standard part of the fitment in most of the modern vehicles. There are numerous vendors operating in the market, wherein they supply the complete system of components to the automotive OEMs. These tier-1 suppliers are well-organized and reputed in the automotive industry for their diversified offerings. This makes the market largely concentrated with the few top players accounting for a significant share. Most of the top players are concentrated in the North American and European countries, such as Germany, France, and the US, followed by some players in Asian economies.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Other topics covered in the report:

Market drivers:

  • Increasing vehicle thefts
  • Cheaper insurance for vehicles equipped with anti-theft technologies

Market challenges:

  • High replacement costs of electronic immobilizers and smart keys
  • Easy cloning of ICs

Market trends:

  • Development of advanced intelligent key with touch controls
  • Adoption of biometric-based vehicle security systems

Get a sample copy of the global automotive immobilizer market report free of cost

Access Technavio’s continuously growing automotive components research library and find expert analysis on hundreds of markets.

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

Global automotive immobilizer market is expected to grow at a CAGR of over 4% from 2017-2021, according to the market research report by Technavio.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com