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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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Research Methodology (1/2)<br />

<strong>System</strong>atic Research Approach<br />

<strong>Market</strong> profiling<br />

Formulating discussion guide<br />

Developing list of respondents<br />

Data collection<br />

Data validation<br />

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5<br />

3<br />

1<br />

2<br />

In-depth secondary research is used to<br />

ascertain overall market size, top<br />

industry players, top products, industry<br />

associations, etc.<br />

PMR formulates a detailed discussion<br />

guide to conduct expert and industry<br />

interviews<br />

PMR develops a list of industry players<br />

(manufacturers), distributors, retailers<br />

and industry experts<br />

PMR conducts interviews with industry<br />

experts, industry players, distributors<br />

and retailers<br />

Data is validated by triangulation<br />

method, wherein secondary, primary<br />

and PMR analysis contribute to the final<br />

data<br />

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Data Filter<br />

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Identifying key opinion leaders<br />

Questionnaire design<br />

In-depth interviews<br />

Coverage across value chain<br />

<strong>Market</strong> participants<br />

Key strengths<br />

Product portfolio<br />

Mapping as per value chain<br />

Key focus segments<br />

A<br />

Primary<br />

Research<br />

C<br />

Company<br />

Analysis<br />

Research &<br />

Intelligence<br />

SOLUTION<br />

Actionable<br />

Insights<br />

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Desk<br />

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Business<br />

Solution<br />

Key industry experts<br />

Channel study<br />

Developments<br />

<strong>Market</strong> dynamics<br />

Products<br />

Conclusions<br />

Data analysis<br />

6<br />

Data is scrutinized using MS-Excel to<br />

obtain qualitative and quantitative<br />

insights about the industry<br />

Primary Research #<br />

Secondary Research #<br />

Paid Publications#<br />

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Company websites<br />

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Factiva<br />

GBI<br />

Genios<br />

Meltwater<br />

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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 />

Vendor insights<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 />

©2015 Future <strong>Market</strong> Insights, All Rights Reserved<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 />

©2015 Future <strong>Market</strong> Insights, All Rights Reserved<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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