Car Security System Market
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<strong>Car</strong> <strong>Security</strong> <strong>System</strong> <strong>Market</strong>: Global Industry Analysis<br />
and Opportunity Assessment, 2016 – 2026<br />
December 2016<br />
Report Id : REP-GB-617<br />
Status : Nov-16<br />
Category : Automotive & Transportation<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved
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<strong>Car</strong> <strong>Security</strong> <strong>System</strong> <strong>Market</strong><br />
<strong>Car</strong> <strong>Security</strong> <strong>System</strong> <strong>Market</strong> Revenue Expected to Increase at a CAGR of 6.0% over 2016–2026<br />
Future <strong>Market</strong> Insights delivers key insights on the global car security system market in a new<br />
publication titled “<strong>Car</strong> <strong>Security</strong> <strong>System</strong> <strong>Market</strong>: Global Industry Analysis and Opportunity<br />
Assessment, 2016 – 2026”. Global sales of car security systems is estimated to be valued at US$<br />
6,787.3 Mn by the end of 2016, witnessing a Y-o-Y growth of 4.8% over 2015. North America is<br />
estimated to account for a value share of 30.0% in the global car security system market by 2016<br />
end but Asia Pacific excluding Japan (APEJ) is anticipated to gain a higher growth rate throughout<br />
the forecast period. In this report, Future <strong>Market</strong> Insights analyses the factors and trends impacting<br />
the growth and performance of the global car security system market.<br />
Increasing sales of new vehicles, along with rising awareness among car owners and a robust<br />
aftermarket growth are bolstering the global car security system market. Automobile<br />
manufacturers are increasing the deployment of security systems in new vehicles to stand out in<br />
competition. Furthermore, increasing adoption of telematics across the globe is enabling easy car<br />
monitoring techniques and comfort to car owners with enhancement in car security. However high<br />
cost of product and high installation charges are limiting OEM and aftermarket opportunities.<br />
Automakers provide more options in their premium car variants which in turn is decreasing the<br />
adoption by new vehicle owners. Whereas establishment of new car production plants in countries<br />
such as Mexico, Turkey, India and China are increasing car security system market opportunities in<br />
these regions.<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved 4
<strong>Car</strong> <strong>Security</strong> <strong>System</strong> <strong>Market</strong><br />
Segmentation highlights<br />
The global car security system is segmented on the basis of sales channel (OEM and Aftermarket),<br />
product type (immobilizer system, remote central locking system, alarm system and other systems) and<br />
car type (Economic cars, Mid-range cars and Premium cars).<br />
On the basis of sales channel, the OEM market segment is expected to dominate globally, but market<br />
share of OEM and aftermarket sub-segment is changing from one country to the other. In regions<br />
where less cars are produced such as Middle East and Africa, aftermarket segment is a major market<br />
and is anticipated to continue to dominate the market in terms of value and volume over the forecast<br />
period. There is a strong demand in OEM segment in the regions such as North America, Western<br />
Europe and APEJ owing to increasing production of cars and establishment of new production plants.<br />
North America has the largest aftermarket share which is expected to decrease over the forecast<br />
period.<br />
On the basis of car type, (Economic cars include mini and small cars- A & B segment cars as defined by<br />
EEC regulation and SUVs, MPVs & light trucks costing less than US$ 15000, midrange cars include C & D<br />
segment cars and SUVs, MPVs & light trucks costing between US$ 15,000- 30,000, and Premium<br />
segment cars include E & F segment cars and SUVs, MPVs & Light trucks costing more than US$<br />
30,000). Midrange cars are anticipated to dominate throughout the forecast period. Whereas<br />
economic cars segment are expected to exhibit the highest CAGR over the forecast period. <strong>Car</strong> security<br />
systems used in economic cars are of low value and adds less value to the market. And premium cars<br />
are loaded with many security system which increases the security systems value installed per car.<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved 5
<strong>Car</strong> <strong>Security</strong> <strong>System</strong> <strong>Market</strong><br />
On the basis of product type, the global car security system market is segmented into immobilizer<br />
system, remote central locking system, alarm system and other systems which include vehicle trackers,<br />
perimeter sensors, ultrasonic sensors and glass break sensors. Others segment is expected to register the<br />
highest CAGR in market whereas remote central locking system will continue to dominate in aftermarket<br />
and OEM market. Immobilizers are mostly sold in OEM market owing to their large penetration in all the<br />
car types.<br />
Regional projections<br />
The global car security system market is segmented into the seven key regions of North America, Latin<br />
America, Western Europe, Eastern Europe, APEJ, Japan, and Middle East & Africa (MEA)). North America<br />
is the largest market for car security systems owing to a large aftermarket and higher cost of products.<br />
APEJ will dominate the market by 2018 and will continue to increase its share in the future. Japan’s<br />
recent downfall in the realm of car production has affected the regional market, but increasing vehicle<br />
fleet and increasing car exports will increase Japanese market with a CAGR of 3% over the forecast<br />
period.<br />
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Key players in the global car security system market include Valeo S.A., Continental A.G., Delphi<br />
Automotive PLC, Hella KGaA Hueck & Co., Tokai Rika Co., Ltd., Mitsubishi Electric Corporation, Denso<br />
Corporation, Robert Bosch GmbH, Lear Corporation, Omron Corporation.<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved 6
Table of Content<br />
1. Executive Summary<br />
2. <strong>Market</strong> Overview<br />
2.1. <strong>Market</strong> Definition<br />
2.2. <strong>Market</strong> Taxonomy<br />
3. <strong>Car</strong> <strong>Security</strong> <strong>System</strong> <strong>Market</strong> Analysis<br />
3.1. <strong>Market</strong> Volume Analysis<br />
3.1.1. Replacement Rate and Lifecycle Analysis<br />
3.2. Pricing Analysis<br />
3.2.1. Pricing Assumptions<br />
3.2.2. Price Projections Per Region<br />
3.3. <strong>Market</strong> Size and Forecast<br />
3.3.1. <strong>Market</strong> Size and Y-o-Y Growth<br />
3.3.2. Absolute $ Opportunity<br />
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Table of Content<br />
3.4. <strong>Market</strong> Overview<br />
3.4.1. Value Chain<br />
3.4.2. Profitability Margins<br />
3.4.3. List of Active Participants<br />
3.4.3.1. Component Suppliers<br />
3.4.3.2. Integrators<br />
3.4.3.3. Manufacturers<br />
3.4.3.4. Distributors / Retailers<br />
3.4.3.5. MRO Service Providers<br />
3.5. Product - Cost Teardown Analysis<br />
4. <strong>Market</strong> Dynamics<br />
4.1. Macro-economic Factors<br />
4.2. Drivers<br />
4.2.1. Supply Side<br />
4.2.2. Demand Side<br />
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Table of Content<br />
4.3. Restraints<br />
4.4. Opportunity<br />
4.5. Forecast Factors – Relevance and Impact<br />
5. Global <strong>Car</strong> <strong>Security</strong> <strong>System</strong> <strong>Market</strong> Analysis and Forecast, By <strong>Car</strong> Type<br />
5.1. Introduction<br />
5.1.1. Basis Point Share (BPS) Analysis By <strong>Car</strong> Type<br />
5.1.2. Y-o-Y Growth Projections By <strong>Car</strong> Type<br />
5.2. <strong>Market</strong> Size Forecast By <strong>Car</strong> Type<br />
5.2.1. Economic <strong>Car</strong>s<br />
5.2.2. Mid-Range <strong>Car</strong>s<br />
5.2.3. Premium <strong>Car</strong>s<br />
5.3. <strong>Market</strong> Attractiveness Analysis By <strong>Car</strong> Type<br />
6. Global <strong>Car</strong> <strong>Security</strong> <strong>System</strong> <strong>Market</strong> Analysis and Forecast, By Component Type<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved<br />
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Table of Content<br />
6.1. Introduction<br />
6.1.1. Basis Point Share (BPS) Analysis By Component Type<br />
6.1.2. Y-o-Y Growth Projections By Component Type<br />
6.2. <strong>Market</strong> Size Forecast By Component Type<br />
6.2.1. Alarm and Central Locking <strong>System</strong><br />
6.2.2. Immobilizer <strong>System</strong><br />
6.2.3. GPS Tracker <strong>System</strong><br />
6.2.4. Passive and Keyless Entry<br />
6.2.5. Others<br />
6.3. <strong>Market</strong> Attractiveness Analysis By Component Type<br />
7. Global <strong>Car</strong> <strong>Security</strong> <strong>System</strong> <strong>Market</strong> Analysis and Forecast, By Sales Channel Type<br />
7.1. Introduction<br />
7.1.1. Basis Point Share (BPS) Analysis By Sales Channel Type<br />
7.1.2. Y-o-Y Growth Projections By Sales Channel Type<br />
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Table of Content<br />
7.2. <strong>Market</strong> Size Forecast By Sales Channel Type<br />
7.2.1. OEM<br />
7.2.2. Aftermarket<br />
7.3. <strong>Market</strong> Attractiveness Analysis By Sales Channel Type<br />
8. Global <strong>Car</strong> <strong>Security</strong> <strong>System</strong> <strong>Market</strong> Analysis and Forecast, By Region<br />
8.1. Introduction<br />
8.1.1. Basis Point Share (BPS) Analysis By Region<br />
8.1.2. Y-o-Y Growth Projections By Region<br />
8.2. <strong>Market</strong> Size Forecast By Region<br />
8.2.1. North America<br />
8.2.2. Latin America<br />
8.2.3. Eastern Europe<br />
8.2.4. Western Europe<br />
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