MarketsandMarkets

Car Security Systems Market Expected to Reach $11.5 Billion by 2019

The passenger car security systems market in terms of value is projected to grow $11.5 Billion by 2019, at steady CAGR of 3.89% between 2014 and 2019.

 

Dallas, TX -- (SBWIRE) -- 11/07/2014 -- The report “Car Security Systems Market by Type (Alarm, Immobilizer, Remote Keyless Entry (RKE) & Central Locking System) & Region (Asia-Oceania, Europe, North America & ROW) - Industry Trends & Forecast to 2019”, classifies and defines the passenger car security systems market in terms of volume and value. The report highlights the potential growth opportunities for passenger car security systems market in the coming years and also covers the review of-market drivers, restraints, opportunities, challenges, vehicle theft statistics in key countries, competitive landscape, and other key aspects related to passenger car security systems market.

Browse 104 market data tables and 57 figures spread through 247 pages and in-depth TOC on “Car Security Systems Market - Industry Trends & Forecast to 2019”.

http://www.marketsandmarkets.com/Market-Reports/automotive-security-market-184165229.html

Early buyers will receive 10% customization on this report.

Asia-Oceania: Growing Market for Security Systems

The Asia-Oceania region comprises of emerging nations, such as China, Japan, South Korea,and India. The growing number of vehicle thefts and increasing vehicle sales volume has been driving the market for passenger car security systems in this region. Tier-one suppliers, such as Robert Bosch GmbH (Germany), Continental AG (Germany), and Delphi Automotive PLC (U.K.) are some of the dominant players that havea strong presence in this region. Also, incountries,such asAustralia and Malaysia, the adoption of immobilizer is mandatory in all the new cars sold. This is another key factor driving the market for security systems.

You can speak to our research expert to know more about this report
http://www.marketsandmarkets.com/speaktoanalyst.asp?id=184165229

North American Market to Grow at a Stable Rate

North America comprises of U.S., Canada, and Mexico. The U.S. is estimated to be the largest market in terms of volume for passenger car security systems in this region. In Canada,the installation of immobilizer in all new cars sold is mandatoryowing to the vehicle security legislations. This has been driving the growth of vehicle security systems market in the country. In North American region, suppliers, such as TRW Automotive Holdings Corp. (U.S.), Robert Bosch GmbH (Germany), and Continental AG (Germany) have their manufacturing facilities.

The report covers the passenger car security systems market in terms of volume and value. The market size between 2012 and 2019 with regards to volume is provided in terms of thousand units (‘000 Units), whereas the value of the market is provided in terms of USD million ($Million) between 2012 and 2019. The passenger car security systems market is broadly segmented by type (alarm, immobilizer, remote keyless entry (RKE), and central locking system) and geography (Asia-Oceania, Europe, North America, and ROW), focusing on key countries in each region.

About MarketsandMarkets
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Tel: 888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog
http://mnmblog.org/market-research/automotive-transportation
Connect with us on LinkedIn
http://www.linkedin.com/company/marketsandmarkets