DUBLIN--(BUSINESS WIRE)--The "Global Car Security Systems Market - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The car security systems market is expected to grow at a CAGR of 5.64% and is projected to reach a valuation of approximately USD 10 Billion during the estimated period from 2018-2023.
With the increase in the sales of the car year by year, the cases of car theft have risen around the world which is prompting the companies like Bosch, Continental, Delphi Automotive, Tokai Rika and Valeo to manufacture car security systems.
The incidence of car theft has come down drastically in recent years and this can be attributed to the rising use of these security systems. However, the incidence is still disturbingly high and theft numbers are concentrated among entry-level cars that have basic security systems.
The incidence of theft amongst luxury cars that have state-of-the-art security systems is relatively less, pointing towards the advantages of having modern security systems in the car. Passenger car security products such as immobilizers, alarms, central locking systems, and Remote Keyless Entry (RKE) protect cars from theft or hijacking. These passenger car security products immediately alert the owner in cases of theft.
Government orders/rules in vehicle security play an important role in the expansion of the market. Many emerging markets including Brazil and Malaysia have legislation that requires each car produced to have immobilizers present. However, these legislations are not there in many fast growing and big markets like India. Major markets in the coming years will have basic car safety regulations, and this will boost the car security market globally.
Key Topics Covered
2. Research Methodology
3. Executive Summary
4. Market Overview and Technological Trends
5. Market Dynamics
6. Car Security Systems Market Segmentation, by Type
7. Car Security Systems Market Segmentation, by Geography
8. Competitive Landscape
9. Company Profile
- Alps Electric
- Delphi Automotive
- Mitsubishi Electric
- Tokai Rika
12. Future Outlook of the Market
For more information about this report visit https://www.researchandmarkets.com/research/wbdc23/global_10?w=4