Car Security System Market
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<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 />
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