Vehicle Security Systems analysis research and trends report for 2017-2024

1
Vehicle Security Systems Market Growth Outlook
with Industry Review and Forecasts from
2017-2024 Global Market Insights Inc.
2
Regional Analysis of Vehicle Security Systems
Market

• Belgium and Spain account for highest number of
  car theft cases globally. In 2012, Belgium
  reported 100,000 car robberies that is highest
  among all the other countries. Growing theft in
  the country drives demand for Europe vehicle
  security systems market. North America, led by
  the U.S. is largest luxury car manufacturer. The
  product is optional in low budget vehicles but is
  mandatory in all luxury cars. It provides ease in
  detecting theft, provides protection, adds value
  and prestige in automobile. Rising technological
  advancement and elevating luxury cars demand is
  expected to drive vehicle security system market.
• Asia Pacific, especially India and China are
  major contributors in vehicle security systems
  market. The region is largest automobile producer
  in the world. Additionally, increasing
  population, rise in disposable income are factors
  boosting demand for the product. China automobile
  sales will grow over 4.5 in 2017 as taxation is
  curtailed down on hatch back cars engine. The
  country hosts nearly all recognized brands car
  manufacturers that includes Audi and Venucia. The
  product is featured by these car manufacturers
  making it most desirable feature in an automobile.

3
Application Analysis of Vehicle Security Systems
Market

• Vehicle Security Systems Market size will witness
  a substantial growth in near future. Diverse
  variety of the product is used in automobiles for
  safety, security and alerts. Device are used to
  prevent unauthorized appropriation of goods
  considered valuable. It is fitted in different
  parts of automobile to protect automobile
  components and is widely used to ensure safety of
  passengers and vehicles from theft activities.
• Challenges in vehicle security systems market are
  its high cost and probability of false alarm.
  Technology used in creating devices are new in
  the industry thus, it incurs high initial cost
  for installation. It can ring false alarm due to
  rain or any other physical contact that can cause
  surrounding disturbances. These factors are
  creating hurdles in device growth and its usage.

4
Competitive Market Share of Vehicle Security
Systems Market

• Key contributors in vehicle security systems
  market are Tokai Rika, Valeo, Bosch, Continental,
  Delphi Automotive, Lear Corporation. Valeo
  acquired gestigon in 2017, the move was taken to
  gain technological leadership in automated
  driving. This would provide Valeo in developing
  driving assistance operations, particularly in
  high growth technologies consisting of interior
  camera and image processing. By combining skills
  in a larger team, they will sharpen their edge
  and reinforce their leadership in autonomous and
  connected cars.

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