Global Passenger Car Security Systems Market 2022-2026

Global Passenger Car Security Systems Market 2022-2026

Technavio has been monitoring the passenger car security systems market and it is poised to grow by $ 1.14 bn during 2022-2026, decelerating at a CAGR of 3.09% during the forecast period. Our report on the passenger car security systems 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 global market scenario, latest trends and drivers, and the overall market environment. The market is driven by increase in car thefts, emergence of connected cars, and rise in demand from emerging APAC countries.

The passenger car security systems market analysis includes the product segment and geographic landscape.

Technavio's passenger car security systems market is segmented as below:

By Product

• Immobilizer
• Central lock system
• Alarm system
• RKE and others

By Geographical Landscape

• APAC
• North America
• Europe
• South America
• Middle East and Africa

This study identifies the growth of biometric technology as one of the prime reasons driving the passenger car security systems market growth during the next few years. Also, increase in use of smart mobile apps for passenger cars and rise in risks associated with keyless cars will lead to sizable demand in the market.

Technavio 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. Our report on passenger car security systems market covers the following areas:

• Passenger car security systems market sizing
• Passenger car security systems market forecast
• Passenger car security systems market industry analysis

Technavio's 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 passenger car security systems market vendors that include Alps Alpine Co. Ltd., Aptiv Plc, Changhui Group, Continental AG, Crimestoppers Trust, DENSO Corp., Firstech LLC, HELLA GmbH and Co. KG, KIRAMEK inc, Lear Corp., Marquardt GmbH, Mitsubishi Electric Corp., Nostaa Group Ltd., Robert Bosch GmbH, Scorpion Automotive Ltd., Tokai Rika Co. Ltd., Valeo SA, VOXX International Corp., Xtreme Auto Glass and Window Tint, and ZF Friedrichshafen AG. Also, the passenger car security systems 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.

Technavio 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. Technavio's 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.

Companies Mentioned

Alps Alpine Co. Ltd., Aptiv Plc, Changhui Group, Continental AG, Crimestoppers Trust, DENSO Corp., Firstech LLC, HELLA GmbH and Co. KG, KIRAMEK inc, Lear Corp., Marquardt GmbH, Mitsubishi Electric Corp., Nostaa Group Ltd., Robert Bosch GmbH, Scorpion Automotive Ltd., Tokai Rika Co. Ltd., Valeo SA, VOXX International Corp., Xtreme Auto Glass and Window Tint, ZF Friedrichshafen AG