Global Automotive Immobilizer Market 2024-2028
The automotive immobilizer market is forecasted to grow by USD 1.01 bn during 2023-2028, accelerating at a CAGR of 6.11% during the forecast period. The report on the automotive immobilizer market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the demand for high security and theft protection in vehicles, stringent government norms to reduce theft of vehicles, and cheaper insurance for vehicles equipped with anti-theft technologies.
Technavio's automotive immobilizer market is segmented as below:
By Vehicle Type
- Passenger cars
- Commercial vehicles
By Source
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the adoption of biometric-based vehicle security systems as one of the prime reasons driving the automotive immobilizer market growth during the next few years. Also, rise in R and D for better security solutions and rising consumer awareness in vehicle security will lead to sizable demand in the market.
The report on the automotive immobilizer market covers the following areas:
- Automotive immobilizer market sizing
- Automotive immobilizer market forecast
- Automotive immobilizer market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive immobilizer market vendors that include Alps Alpine Co. Ltd., BorgWarner Inc., California Immobilizer Corp, Continental AG, Dynamco, HELLA GmbH and Co. KGaA, Mastergard Enterprises Inc., NXP Semiconductors NV, PFK Electronics, Prodom Ltd., Ravelco, Robert Bosch GmbH, STRATTEC SECURITY Corp., Tokai Rika Co. Ltd., ZF Friedrichshafen AG, and Mitsubishi Electric Corp.. Also, the automotive immobilizer market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.