Vehicle Security Market Research Reportβ€”Global Forecast till 2030

Vehicle Security Market Research Report: Information by Technology (Radio Frequency Identification, Ultrasonic, and Others), by Component (Central Locking System, by Remote Keyless Entry System, Ultrasonic Intruder Protection (UIP), Automatic Collision Detection System, Automatic Driver Recognition System (ADRS), Backup Battery Siren (BBS), and Others), by Vehicle Type (Passenger Car, Commercial Vehicle), by Sales Channel (OEM and After market), and by Region- Forecast till 2030

ID: MRFR/AM/2745-CR | September 2021 | Region: Global | 136 Pages         

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 15

1.1 MARKET ATTRACTIVENESS ANALYSIS 17

1.1.1 GLOBAL VEHICLE SECURITY MARKET, BY TECHNOLOGY 18

1.1.2 GLOBAL VEHICLE SECURITY MARKET, BY COMPONENT 19

1.1.3 GLOBAL VEHICLE SECURITY MARKET, BY VEHICLE TYPE 20

1.1.4 GLOBAL VEHICLE SECURITY MARKET, BY SALES CHANNEL 21

1.1.5 GLOBAL VEHICLE SECURITY MARKET, BY REGION 22

2 MARKET INTRODUCTION 23

2.1 DEFINITION 23

2.2 SCOPE OF THE STUDY 23

2.3 RESEARCH OBJECTIVE 23

2.4 MARKET STRUCTURE 24

2.5 KEY BUYING CRITERIA 24

3 RESEARCH METHODOLOGY 25

3.1 RESEARCH PROCESS 25

3.2 PRIMARY RESEARCH 26

3.3 SECONDARY RESEARCH 27

3.4 MARKET SIZE ESTIMATION 28

3.5 FORECAST MODEL 29

3.6 LIST OF ASSUMPTIONS 30

4 MARKET INSIGHTS 31

5 MARKET DYNAMICS 33

5.1 INTRODUCTION 33

5.2 DRIVERS 34

5.2.1 RISING INCIDENTS OF VEHICLE THEFT 34

5.2.2 ADOPTION OF BIOMETRIC TECHNOLOGY IN VEHICLE SECURITY 35

5.3 RESTRAINTS 36

5.3.1 POTENTIAL FAILURE OF ELECTRONIC COMPONENTS 36

5.3.2 HIGH COST OF THE VEHICLE SECURITY SYSTEM 36

5.4 OPPORTUNITIES 37

5.4.1 SCOPE FOR ADOPTION IN SEMI-AUTONOMOUS AND AUTONOMOUS VEHICLE SYSTEMS 37

5.4.2 INCREASED DEMAND FOR APPLICATION-BASED TECHNOLOGIES 37

5.5 IMPACT ANALYSIS OF COVID-19 37

5.5.1 IMPACT ON OVERALL AUTOMOTIVE INDUSTRY 37

5.5.2 IMPACT ON PRODUCTION 38

5.5.2.1 NISSAN 38

5.5.2.2 RENAULT GROUP 38

5.5.2.3 VOLVO 38

5.5.2.4 VOLKSWAGEN GROUP 38

5.5.2.5 FIAT CHRYSLER AUTOMOBILES 39

5.5.2.6 HYUNDAI-KIA 39

5.5.2.7 DAIMLER 39

5.5.3 IMPACT ON VEHICLE SECURITY INDUSTRY 39

5.5.3.1 IMPACT ON SUPPLY CHAIN 39

5.5.3.2 IMPACT ON RAW MATERIAL 39

5.5.3.3 CASH FLOW CONSTRAINTS 40

5.5.3.4 IMPACT ON MARKET DEMAND 40

5.5.3.5 IMPACT ON PRICING 40

5.5.4 IMPACT ON WORLD TRADE 40

5.5.4.1 ECONOMIC IMPACT 40

5.5.5 IMPACT ON THE VEHICLE SECURITY MARKET 41

5.5.6 IMPACT ON SUPPLY CHAIN OF VEHICLE SECURITY 41

5.5.6.1 PRODUCTION SHUTDOWN 41

5.5.6.2 CASH FLOW CONSTRAINTS 41

5.5.6.3 IMPACT ON IMPORT/EXPORT 41

6 MARKET FACTOR ANALYSIS 42

6.1 SUPPLY CHAIN ANALYSIS 42

6.1.1 DESIGN & DEVELOPMENT 43

6.1.2 RAW MATERIAL & COMPONENT SUPPLY 43

6.1.3 VEHICLE SECURITY SYSTEM PRODUCTION 43

6.1.4 END USERS 43

6.2 PORTER’S FIVE FORCES MODEL 44

6.2.1 THREAT OF NEW ENTRANTS 45

6.2.2 BARGAINING POWER OF SUPPLIERS 45

6.2.3 THREAT OF SUBSTITUTES 45

6.2.4 BARGAINING POWER OF BUYERS 45

6.2.5 INTENSITY OF RIVALRY 45

7 GLOBAL VEHICLE SECURITY MARKET, BY TECHNOLOGY 46

7.1 OVERVIEW 46

7.2 ULTRASONIC 47

7.3 RADIO FREQUENCY IDENTIFICATION 47

7.4 OTHERS 48

8 GLOBAL VEHICLE SECURITY MARKET, BY COMPONENT 49

8.1 OVERVIEW 49

8.2 ULTRASONIC INTRUDER PROTECTION SYSTEM (UIP) 51

8.3 BACKUP BATTERY SIREN (BBS) 51

8.4 CENTRAL LOCKING SYSTEM 51

8.5 AUTOMATIC COLLISION DETECTION SYSTEM 51

8.6 AUTOMATIC DRIVER RECOGNITION SYSTEM (ADRS) 52

8.7 REMOTE KEYLESS ENTRY SYSTEM 52

8.8 OTHERS 52

9 GLOBAL VEHICLE SECURITY MARKET, BY VEHICLE TYPE 53

9.1 OVERVIEW 53

9.2 PASSENGER CARS 54

9.3 COMMERCIAL VEHICLES 54

10 GLOBAL VEHICLE SECURITY MARKET, BY SALES CHANNEL 55

10.1 OVERVIEW 55

10.2 OEM 56

10.3 AFTERMARKET 56

11 GLOBAL VEHICLE SECURITY MARKET, BY REGION 57

11.1 OVERVIEW 57

11.2 NORTH AMERICA 59

11.2.1 US 61

11.2.2 CANADA 63

11.2.3 MEXICO 65

11.3 EUROPE 67

11.3.1 GERMANY 69

11.3.2 SPAIN 71

11.3.3 UK 73

11.3.4 FRANCE 75

11.3.5 REST OF EUROPE 77

11.4 ASIA-PACIFIC 79

11.4.1 CHINA 81

11.4.2 INDIA 83

11.4.3 JAPAN 85

11.4.4 REST OF ASIA-PACIFIC 87

11.5 REST OF THE WORLD 89

11.5.1 MIDDLE EAST & AFRICA 91

11.5.2 SOUTH AMERICA 93

12 COMPETITIVE LANDSCAPE 95

12.1 COMPETITIVE OVERVIEW 95

12.2 COMPETITIVE BENCHMARKING 96

12.3 MARKET SHARE ANALYSIS 97

12.4 MAJOR GROWTH STRATEGY IN THE GLOBAL VEHICLE SECURITY MARKET 97

12.5 KEY DEVELOPMENTS AND GROWTH STRATEGIES 98

12.5.1 PRODUCT DEVELOPMENT 98

12.5.2 MERGERS & ACQUISITIONS / EXPANSIONS 99

12.5.3 CONTRACTS & AGREEMENTS 100

12.5.4 PARTNERSHIPS & AGREEMENTS/COLLABORATIONS 100

13 COMPANY PROFILES 101

13.1 DENSO CORPORATION 101

13.1.1 COMPANY OVERVIEW 101

13.1.2 FINANCIAL OVERVIEW 102

13.1.3 PRODUCTS OFFERED 102

13.1.4 KEY DEVELOPMENTS 103

13.1.5 SWOT ANALYSIS 104

13.1.6 KEY STRATEGIES 104

13.2 ROBERT BOSCH GMBH 105

13.2.1 COMPANY OVERVIEW 105

13.2.2 FINANCIAL OVERVIEW 106

13.2.3 PRODUCTS OFFERED 107

13.2.4 KEY DEVELOPMENTS 107

13.2.5 SWOT ANALYSIS 108

13.2.6 KEY STRATEGIES 108

13.3 CONTINENTAL AG 109

13.3.1 COMPANY OVERVIEW 109

13.3.2 FINANCIAL OVERVIEW 110

13.3.3 PRODUCTS OFFERED 111

13.3.4 KEY DEVELOPMENTS 111

13.3.5 SWOT ANALYSIS 112

13.3.6 KEY STRATEGIES 112

13.4 HELLA GMBH & CO. KGAA 113

13.4.1 COMPANY OVERVIEW 113

13.4.2 FINANCIAL OVERVIEW 114

13.4.3 PRODUCTS OFFERED 115

13.4.4 KEY DEVELOPMENTS 115

13.4.5 SWOT ANALYSIS 116

13.4.6 KEY STRATEGIES 116

13.5 MITSUBISHI ELECTRIC CORPORATION 117

13.5.1 COMPANY OVERVIEW 117

13.5.2 FINANCIAL OVERVIEW 118

13.5.3 PRODUCTS OFFERED 118

13.5.4 KEY DEVELOPMENTS 119

13.5.5 SWOT ANALYSIS 119

13.5.6 KEY STRATEGIES 119

13.6 VALEO 120

13.6.1 COMPANY OVERVIEW 120

13.6.2 FINANCIAL OVERVIEW 120

13.6.3 PRODUCTS OFFERED 121

13.6.4 KEY DEVELOPMENTS 121

13.7 LEAR CORPORATION 122

13.7.1 COMPANY OVERVIEW 122

13.7.2 FINANCIAL OVERVIEW 123

13.7.3 PRODUCTS OFFERED 123

13.7.4 KEY DEVELOPMENTS 124

13.8 TOKAI RIKA CO., LTD 125

13.8.1 COMPANY OVERVIEW 125

13.8.2 FINANCIAL OVERVIEW 125

13.8.3 PRODUCTS OFFERED 126

13.8.4 KEY DEVELOPMENTS 126

13.9 NIDEC MOTOR CORPORATION 127

13.9.1 COMPANY OVERVIEW 127

13.9.2 FINANCIAL OVERVIEW 128

13.9.3 PRODUCTS OFFERED 128

13.9.4 KEY DEVELOPMENTS 129

13.9.5 SWOT ANALYSIS 129

13.9.6 KEY STRATEGIES 129

 

13.10 ALPS ALPINE CO., LTD 130

13.10.1 COMPANY OVERVIEW 130

13.10.2 FINANCIAL OVERVIEW 131

13.10.3 PRODUCTS OFFERED 132

13.10.4 KEY DEVELOPMENTS 132

 

LIST OF TABLES

TABLE 1 LIST OF ASSUMPTIONS& LIMITATIONS 30

TABLE 2 GLOBAL VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2018–2026 (USD MILLION) 47

TABLE 3 GLOBAL VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY COMPONENT, 2018–2026 (USD MILLION) 50

TABLE 4 GLOBAL VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY VEHICLE TYPE, 2018–2026 (USD MILLION) 54

TABLE 5 GLOBAL VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY SALES CHANNEL, 2018–2026 (USD MILLION) 56

TABLE 6 GLOBAL VEHICLE SECURITY MARKET, BY REGION, 2018–2026 (USD MILLION) 58

TABLE 7 NORTH AMERICA: VEHICLE SECURITY MARKET, BY COUNTRY, 2018–2026 (USD MILLION) 59

TABLE 8 NORTH AMERICA: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2018–2026 (USD MILLION) 59

TABLE 9 NORTH AMERICA: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY COMPONENT, 2018–2026 (USD MILLION) 60

TABLE 10 NORTH AMERICA: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY VEHICLE TYPE, 2018–2026 (USD MILLION) 60

TABLE 11 NORTH AMERICA: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY SALES CHANNEL, 2018–2026 (USD MILLION) 61

TABLE 12 US: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2018–2026 (USD MILLION) 61

TABLE 13 US: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY COMPONENT, 2018–2026 (USD MILLION) 62

TABLE 14 US: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY VEHICLE TYPE, 2018–2026 (USD MILLION) 62

TABLE 15 US: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY SALES CHANNEL, 2018–2026 (USD MILLION) 62

TABLE 16 CANADA: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2018–2026 (USD MILLION) 63

TABLE 17 CANADA: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY COMPONENT, 2018–2026 (USD MILLION) 63

TABLE 18 CANADA: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY VEHICLE TYPE, 2018–2026 (USD MILLION) 64

TABLE 19 CANADA: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY SALES CHANNEL, 2018–2026 (USD MILLION) 64

TABLE 20 MEXICO: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2018–2026 (USD MILLION) 65

TABLE 21 MEXICO: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY COMPONENT, 2018–2026 (USD MILLION) 65

TABLE 22 MEXICO: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY VEHICLE TYPE, 2018–2026 (USD MILLION) 66

TABLE 23 MEXICO: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY SALES CHANNEL, 2018–2026 (USD MILLION) 66

TABLE 24 EUROPE: VEHICLE SECURITY MARKET, BY COUNTRY, 2018–2026 (USD MILLION) 67

TABLE 25 EUROPE: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2018–2026 (USD MILLION) 67

TABLE 26 EUROPE: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY COMPONENT, 2018–2026 (USD MILLION) 68

TABLE 27 EUROPE: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY VEHICLE TYPE, 2018–2026 (USD MILLION) 68

TABLE 28 EUROPE: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY SALES CHANNEL, 2018–2026 (USD MILLION) 69

TABLE 29 GERMANY: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2018–2026 (USD MILLION) 69

TABLE 30 GERMANY: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY COMPONENT, 2018–2026 (USD MILLION) 70

TABLE 31 GERMANY: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY VEHICLE TYPE, 2018–2026 (USD MILLION) 70

TABLE 32 GERMANY: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY SALES CHANNEL, 2018–2026 (USD MILLION) 70

TABLE 33 SPAIN: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2018–2026 (USD MILLION) 71

TABLE 34 SPAIN: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY COMPONENT, 2018–2026 (USD MILLION) 72

TABLE 35 SPAIN: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY VEHICLE TYPE, 2018–2026 (USD MILLION) 72

TABLE 36 SPAIN: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY SALES CHANNEL, 2018–2026 (USD MILLION) 72

TABLE 37 UK: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2018–2026 (USD MILLION) 73

TABLE 38 UK: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY COMPONENT, 2018–2026 (USD MILLION) 73

TABLE 39 UK: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY VEHICLE TYPE, 2018–2026 (USD MILLION) 74

TABLE 40 UK: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY SALES CHANNEL, 2018–2026 (USD MILLION) 74

TABLE 41 FRANCE: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2018–2026 (USD MILLION) 75

TABLE 42 FRANCE: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY COMPONENT, 2018–2026 (USD MILLION) 75

TABLE 43 FRANCE: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY VEHICLE TYPE, 2018–2026 (USD MILLION) 76

TABLE 44 FRANCE: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY SALES CHANNEL, 2018–2026 (USD MILLION) 76

TABLE 45 REST OF EUROPE: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2018–2026 (USD MILLION) 77

TABLE 46 REST OF EUROPE: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY COMPONENT, 2018–2026 (USD MILLION) 77

TABLE 47 REST OF EUROPE: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY VEHICLE TYPE, 2018–2026 (USD MILLION) 78

TABLE 48 REST OF EUROPE: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY SALES CHANNEL, 2018–2026 (USD MILLION) 78

TABLE 49 ASIA-PACIFIC: VEHICLE SECURITY MARKET, BY COUNTRY, 2018–2026 (USD MILLION) 79

TABLE 50 ASIA-PACIFIC: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2018–2026 (USD MILLION) 79

TABLE 51 ASIA-PACIFIC: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY COMPONENT, 2018–2026 (USD MILLION) 80

TABLE 52 ASIA-PACIFIC: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY VEHICLE TYPE, 2018–2026 (USD MILLION) 80

TABLE 53 ASIA-PACIFIC: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY SALES CHANNEL, 2018–2026 (USD MILLION) 80

TABLE 54 CHINA: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2018–2026 (USD MILLION) 81

TABLE 55 CHINA: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY COMPONENT, 2018–2026 (USD MILLION) 82

TABLE 56 CHINA: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY VEHICLE TYPE, 2018–2026 (USD MILLION) 82

TABLE 57 CHINA: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY SALES CHANNEL, 2018–2026 (USD MILLION) 82

TABLE 58 INDIA: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2018–2026 (USD MILLION) 83

TABLE 59 INDIA: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY COMPONENT, 2018–2026 (USD MILLION) 83

TABLE 60 INDIA: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY VEHICLE TYPE, 2018–2026 (USD MILLION) 84

TABLE 61 INDIA: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY SALES CHANNEL, 2018–2026 (USD MILLION) 84

TABLE 62 JAPAN: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2018–2026 (USD MILLION) 85

TABLE 63 JAPAN: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY COMPONENT, 2018–2026 (USD MILLION) 85

TABLE 64 JAPAN: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY VEHICLE TYPE, 2018–2026 (USD MILLION) 86

TABLE 65 JAPAN: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY SALES CHANNEL, 2018–2026 (USD MILLION) 86

TABLE 66 REST OF ASIA-PACIFIC: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2018–2026 (USD MILLION) 87

TABLE 67 REST OF ASIA-PACIFIC: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY COMPONENT, 2018–2026 (USD MILLION) 87

TABLE 68 REST OF ASIA-PACIFIC: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY VEHICLE TYPE, 2018–2026 (USD MILLION) 88

TABLE 69 REST OF ASIA-PACIFIC: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY SALES CHANNEL, 2018–2026 (USD MILLION) 88

TABLE 70 REST OF THE WORLD: VEHICLE SECURITY MARKET, BY COUNTRY, 2018–2026 (USD MILLION) 89

TABLE 71 REST OF THE WORLD: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2018–2026 (USD MILLION) 89

TABLE 72 REST OF THE WORLD: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY COMPONENT, 2018–2026 (USD MILLION) 90

TABLE 73 REST OF THE WORLD: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY VEHICLE TYPE, 2018–2026 (USD MILLION) 90

TABLE 74 REST OF THE WORLD: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY SALES CHANNEL, 2018–2026 (USD MILLION) 90

TABLE 75 MIDDLE EAST & AFRICA: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2018–2026 (USD MILLION) 91

TABLE 76 MIDDLE EAST & AFRICA: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY COMPONENT, 2018–2026 (USD MILLION) 91

TABLE 77 MIDDLE EAST & AFRICA: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY VEHICLE TYPE, 2018–2026 (USD MILLION) 92

TABLE 78 MIDDLE EAST & AFRICA: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY SALES CHANNEL, 2018–2026 (USD MILLION) 92

TABLE 79 SOUTH AMERICA: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2018–2026 (USD MILLION) 93

TABLE 80 SOUTH AMERICA: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY COMPONENT, 2018–2026 (USD MILLION) 93

TABLE 81 SOUTH AMERICA: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY VEHICLE TYPE, 2018–2026 (USD MILLION) 94

TABLE 82 SOUTH AMERICA: VEHICLE SECURITY MARKET ESTIMATES & FORECAST, BY SALES CHANNEL, 2018–2026 (USD MILLION) 94

TABLE 83 PRODUCT DEVELOPMENT 98

TABLE 84 MERGERS & ACQUISITIONS / EXPANSIONS 99

TABLE 85 CONTRACTS & AGREEMENTS 100

TABLE 86 PARTNERSHIPS & AGREEMENTS/COLLABORATIONS 100

TABLE 87 DENSO CORPORATION: PRODUCTS OFFERED 102

TABLE 88 DENSO CORPORATION: KEY DEVELOPMENTS 103

TABLE 89 ROBERT BOSCH GMBH: PRODUCTS OFFERED 107

TABLE 90 ROBERT BOSCH GMBH: KEY DEVELOPMENTS 107

TABLE 91 CONTINENTAL AG: PRODUCTS OFFERED 111

TABLE 92 CONTINENTAL AG: KEY DEVELOPMENTS 111

TABLE 93 HELLA GMBH & CO. KGAA: PRODUCTS OFFERED 115

TABLE 94 HELLA GMBH & CO. KGAA: KEY DEVELOPMENTS 115

TABLE 95 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS OFFERED 118

TABLE 96 MITSUBISHI ELECTRIC CORPORATION: KEY DEVELOPMENTS 119

TABLE 97 VALEO: PRODUCTS OFFERED 121

TABLE 98 VALEO: KEY DEVELOPMENTS 121

TABLE 99 LEAR CORPORATION: PRODUCTS OFFERED 123

TABLE 100 LEAR CORPORATION: KEY DEVELOPMENTS 124

TABLE 101 TOKAI RIKA CO., LTD.: PRODUCTS OFFERED 126

TABLE 102 TOKAI RIKA CO., LTD.: KEY DEVELOPMENTS 126

TABLE 103 NIDEC MOTOR CORPORATION: PRODUCTS OFFERED 128

TABLE 104 NIDEC MOTOR CORPORATION: KEY DEVELOPMENTS 129

TABLE 105 ALPS ALPINE CO., LTD.: PRODUCTS OFFERED 132

TABLE 106 ALPS ALPINE CO., LTD.: KEY DEVELOPMENTS 132

 

LIST OF FIGURES

FIGURE 1 MARKET SYNOPSIS 16

FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL VEHICLE SECURITY MARKET 17

FIGURE 3 GLOBAL VEHICLE SECURITY MARKET ANALYSIS, BY TECHNOLOGY 18

FIGURE 4 GLOBAL VEHICLE SECURITY MARKET ANALYSIS, BY COMPONENT 19

FIGURE 5 GLOBAL VEHICLE SECURITY MARKET ANALYSIS, BY VEHICLE TYPE 20

FIGURE 6 GLOBAL VEHICLE SECURITY MARKET ANALYSIS, BY SALES CHANNEL 21

FIGURE 7 GLOBAL VEHICLE SECURITY MARKET ANALYSIS, BY REGION 22

FIGURE 8 GLOBAL VEHICLE SECURITY MARKET: STRUCTURE 24

FIGURE 9 KEY BUYING CRITERIA FOR GLOBAL VEHICLE SECURITY MARKET 24

FIGURE 10 RESEARCH PROCESS 25

FIGURE 11 TOP-DOWN AND BOTTOM-UP APPROACHES 28

FIGURE 12 GLOBAL VEHICLE SECURITY MARKET SIZE & MARKET SHARE, BY NORTH AMERICA (2019 VS 2026) 31

FIGURE 13 GLOBAL VEHICLE SECURITY MARKET SIZE & MARKET SHARE, BY EUROPE (2019 VS 2026) 31

FIGURE 14 GLOBAL VEHICLE SECURITY MARKET SIZE & MARKET SHARE, BY ASIA-PACIFIC (2019 VS 2026) 32

FIGURE 15 GLOBAL VEHICLE SECURITY MARKET SIZE & MARKET SHARE, BY REST OF THE WORLD (2019 VS 2026) 32

FIGURE 16 DRO ANALYSIS: GLOBAL VEHICLE SECURITY MARKET 33

FIGURE 17 VEHICLE THEFT IN TOP 10 COUNTRIES, 2015–2018 34

FIGURE 18 SUPPLY CHAIN ANALYSIS: GLOBAL VEHICLE SECURITY MARKET 42

FIGURE 19 PORTER'S FIVE FORCES ANALYSIS: GLOBAL VEHICLE SECURITY MARKET 44

FIGURE 20 GLOBAL VEHICLE SECURITY MARKET, BY TECHNOLOGY, 2019 (% SHARE) 46

FIGURE 21 GLOBAL VEHICLE SECURITY MARKET, BY TECHNOLOGY, 2018 TO 2026 (USD MILLION) 46

FIGURE 22 GLOBAL VEHICLE SECURITY MARKET, BY COMPONENT, 2019 (% SHARE) 49

FIGURE 23 GLOBAL VEHICLE SECURITY MARKET, BY COMPONENT, 2018 TO 2026 (USD MILLION) 50

FIGURE 24 GLOBAL VEHICLE SECURITY MARKET, BY VEHICLE TYPE, 2019 (% SHARE) 53

FIGURE 25 GLOBAL VEHICLE SECURITY MARKET, BY VEHICLE TYPE, 2018 TO 2026 (USD MILLION) 53

FIGURE 26 GLOBAL VEHICLE SECURITY MARKET, BY SALES CHANNEL, 2019 (% SHARE) 55

FIGURE 27 GLOBAL VEHICLE SECURITY MARKET, BY SALES CHANNEL, 2018 TO 2026 (USD MILLION) 55

FIGURE 28 GLOBAL VEHICLE SECURITY MARKET, BY REGION, 2018 TO 2026 (USD MILLION) 57

FIGURE 29 GLOBAL VEHICLE SECURITY MARKET, BY REGION, 2019 (% SHARE) 58

FIGURE 30 BENCHMARKING OF MAJOR COMPETITORS 96

FIGURE 31 MAJOR PLAYERS MARKET SHARE ANALYSIS, 2019 (%) 97

FIGURE 32 MAJOR GROWTH STRATEGY IN THE GLOBAL VEHICLE SECURITY MARKET 97

FIGURE 33 DENSO CORPORATION: FINANCIAL OVERVIEW SNAPSHOT 102

FIGURE 34 DENSO CORPORATION: SWOT ANALYSIS 104

FIGURE 35 ROBERT BOSCH GMBH: FINANCIAL OVERVIEW SNAPSHOT 106

FIGURE 36 ROBERT BOSCH GMBH: SWOT ANALYSIS 108

FIGURE 37 CONTINENTAL AG: FINANCIAL OVERVIEW SNAPSHOT 110

FIGURE 38 CONTINENTAL AG: SWOT ANALYSIS 112

FIGURE 39 HELLA GMBH & CO. KGAA: FINANCIAL OVERVIEW SNAPSHOT 114

FIGURE 40 HELLA GMBH & CO. KGAA: SWOT ANALYSIS 116

FIGURE 41 MITSUBISHI ELECTRIC CORPORATION: FINANCIAL OVERVIEW SNAPSHOT 118

FIGURE 42 MITSUBISHI ELECTRIC CORPORATION: SWOT ANALYSIS 119

FIGURE 43 VALEO: FINANCIAL OVERVIEW SNAPSHOT 120

FIGURE 44 LEAR CORPORATION: FINANCIAL OVERVIEW SNAPSHOT 123

FIGURE 45 TOKAI RIKA CO., LTD.: FINANCIAL OVERVIEW SNAPSHOT 125

FIGURE 46 NIDEC MOTOR CORPORATION: FINANCIAL OVERVIEW SNAPSHOT 128

FIGURE 47 NIDEC MOTOR CORPORATION: SWOT ANALYSIS 129

FIGURE 48 ALPS ALPINE CO., LTD.: FINANCIAL OVERVIEW SNAPSHOT 131

Vehicle Security Market

Vehicle Security Market To Reach USD 10,168 Million By 2030, Registering a 6.90% CAGR During The Forecast period.

Segmentation

By Technology Radio Frequency Identification Ultrasonic Others
By Sales Chanel Oem Aftermarket
By Vehicle Type Passenger Car Commercial Vehicle

Key Players

  • Denso Corporation (Japan)
  • Robert Bosch GmbH (Germany)
  • HELLA GmbH & Co. KGaA (Germany)
  • Valeo (France)
  • Mitsubishi Electric Corporation (Japan)
  • Continental AG (Germany)
  • Lear Corporation (US)
  • Tokairika
  • Co Ltd (Japan)
  • Omron Corporation (Japan)
  • Alps Alpine Co. Ltd (Japan)

Drivers

  • Increasing adoption of premium vehicle security
  • Luxury vehicles
  • Advanced safety features
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Vehicle Security Market Overview:


The vehicle security market in terms of value is estimated to reach USD 10,168 million by 2030, registering a 6.90% CAGR during the forecast period.


A vehicle security system is a defense system for a vehicle against external, malicious threats to secure it in all possible ways. This vehicle security system includes detection, prevention, and response to threats through the use of various technologies, such as radio frequency identification and ultrasonic.The global vehicle security market is expected to grow substantially during the forecast period owing to the adoption of biometric technology in vehicle security and the increasing number of advanced vehicle security technologies. Moreover, the scope for adoption in semi-autonomous and autonomous vehicle systems is expected to create an opportunity for the vendors operating in the global market. However, the potential failure of electronic components in the global market is expected to restrain growth during the forecast period.


COVID-19 Analysis:



  • ECONOMIC IMPACT ON AUTOMOTIVE INDUSTRY


With the continuous spread of the novel coronavirus across the world in early 2020, automakers had to take extreme measures in the form of plant closures to halt the spread of COVID-19. The situation was uncertain as many European companies suspended work and the US and Asia-Pacific automakers extended shutdown periods. In contrast, the global lockdown helped to limit the effect of COVID-19. However, it severely affected the entire value chain of the automotive industry. In the US and Canada, the government's response has been a combination of state or provincial, federal, and local measures. In other regions, governments have applied seemingly ever-more stringent actions on social interaction, travel, and workplace attendance.



  • IMPACT ON SUPPLY CHAIN


The COVID-19 pandemic has proved how vulnerable automotive supply chains are to disruption, hampering the global supply strategies. The abrupt closure of production centers in China and its domino impact, causing widespread chaos among global auto manufacturers, were felt progressively in the European countries, the US, India, and South America. Having relocated their manufacturing activities to low-cost countries, many automotive OEMs and suppliers are now trying to establish shorter or localized regional supply chains.



  • IMPACT ON RAW MATERIALS


Automotive manufacturing involves complex processes, with subcomponents required to assemble a single product sourced from several countries across the world. The raw materials required to manufacture these subcomponents can also be sourced from different countries and continents, and the finished products will again be transported all over the globe. Aluminum, glass, and steel are the main raw material used for the production of vehicle security components such as car alarms, smart keys, and steering wheel locks. Thus, the demand for these raw materials for processing is rapidly increasing. Some processing plants that previously closed are now opened. The dependence on vehicle security components makes the import and export of raw materials and finished products more complex due to disruption in the supply chain.


Market Dynamics:


Drivers:



  • RISING INCIDENTS OF VEHICLE THEFT


According to the Federal Bureau of Investigation (FBI), in 2019, about USD 6.4 billion was lost due to vehicle theft, and the average loss per vehicle theft was approximately USD 8,886. Moreover, in 2019, vehicles were being stolen at a rate of 219.9 per 100,000 people, down from 230.2 in 2018. Moreover, in 2019, 721,885 vehicles were stolen in the US. Moreover, New Zealand is considered as the top country by private car theft rate in the world. As of 2018, the private car theft rate in New Zealand was 1,172 cases per 100,000 population.Furthermore, over the last few years, vehicle thieves and unauthorized vehicle users have been making sophisticated means of stealing vehicles, such as switching vehicle identification numbers, acquiring smart keys, and using stolen identities to secure loans for expensive vehicles.To restrict the rising number of vehicle thefts, there has been an increasing demand for vehicle security systems. A vehicle security system comprises multiple subsystems, such as ultrasonic intruder protection (UIP) system, central locking system, backup battery siren (BBS), automatic collision detection system, automatic driver recognition system (ADRS), and remote keyless entry system. It offers intelligent, reliable, and effective vehicle security. Thus, the rise in incidents of vehicle theft is expected to drive the growth of the global vehicle security market during the study period.



  • ADOPTION OF BIOMETRIC TECHNOLOGY IN VEHICLE SECURITY


The vehicle manufacturing companies were initially focused on using phones to improve convenience in vehicles. However, this entailed exposing the keys to the Internet, creating new risks for driver safety and cybersecurity. Hence, automotive manufacturers are working on developing alternative technologies that facilitate vehicle use without connecting to the Internet.


A biometric system, being a potential substitute for a cell phone security system, is a method of identifying a human by their unique characteristics. There are various biometric patterns such as fingerprint, retina, palm, face, voice, and iris. There are mainly three types of biometric modules within vehicle security systems: fingerprint recognition technique, embedded mainboard with various components, and human-machine communication module.


Fingerprint biometrics is used for personal detection in terms of security and reliability. Mainly, live fingerprint readers based on optical, thermal, and ultrasound approach are used. The two commonly used fingerprint matching techniques used are minutiae-based matching and pattern matching. Minutiae matching generally relies on minutiae matching, i.e., the location and direction of each point. On the other hand, pattern matching techniques involve the similarity and comparison between two images.


Restraints:



  • POTENTIAL FAILURE OF ELECTRONIC COMPONENTS


A vehicle security system comprises several electronic components, such as microcontrollers, GSM modules, GPS modems, level shifter ICs, GSM modems, LEDs, LCD, relay drivers, proximity sensors, and motion sensors. It also comprises self-contained modules of complex interconnected electronic elements, such as capacitors, resistors, transistors, diodes, and fuses. The increasing number of components will increase the probability of system failure. Moreover, poor quality control during the manufacturing and assembly process may result in improper manufacturing of electronic components, which may cause failure. Such failures in the electronic components reduce the efficiency of the vehicle security system. Thus, the risk of potential operational failure is expected to limit the growth of the global vehicle security market during the forecast period.


Opportunities:



  • SCOPE FOR ADOPTION IN SEMI-AUTONOMOUS AND AUTONOMOUS VEHICLE SYSTEMS


The major automotive and technology providing companies, such as AB Volvo, Apple Inc., Baidu Inc., BMW AG, Daimler AG, Nvidia Corporation, Shift5, Delphi Automotive PLC, Ford Motor Company, General Motors Company, Google, and Apple Inc., are investing in the development of autonomous vehicles. For instance, in November 2020, Shift5, a cybersecurity company, was awarded a contract by the Army's Rapid Capabilities and Critical Technologies Office (RCCTO) to deliver a prototype vehicle security system for a critical ground vehicle platform. To ensure reliability and safety even in the event of a system malfunction and reduce accidents and deaths, the security of semi-autonomous and autonomous vehicles is a growing concern.


Segmentation:


The global market for vehicle security has been segmented based on component, technology, vehicle type, and sales channel.


Based on component, the global vehicle security market has been segmented into central locking systems, remote keyless entry systems, ultrasonic intruder protection systems, automatic collision detection systems, automatic driver recognition systems, backup battery sirens, and others.Ultrasonic Intruder Protection System (UIP) refers to an intrusion detection sensor mounted on vehicles for security purposes. The system detects unauthorized access into the vehicle and activates an alarm or other notice to notify the people and the surroundings. Battery backup sirens are those in which the backup battery system supplies power to the alarm installed in vehicles when there is no power on the main car battery. Central locking system refers to the locking system in the vehicle, which grants access to lock and unlock the vehicle doors access only to authorized persons. This type of locking system is the one that locks and unlocks all doors of the vehicle with only one door, usually the driver's door. The growing concerns regarding automobile and passenger safety have led to the integration of automatic collision detection systems in vehicles. It comprises sensors and several other components that monitor the vehicle's speed, the speed of the vehicle in front of it, and the gap between the vehicles. A remote keyless entry system differs from a conventional key system as it performs the locking and unlocking of vehicle doors using the remote-control mechanism. Vehicle security systems rely on smart card systems or electronic alarms to avert vehicle thefts. To counter these attempts, the automotive component manufacturers developed a biometric driver recognition system that utilizes the driver's behavior to form a multimodal recognition system.


Based on technology, the global vehicle security market has been segmented into radio frequency identification, ultrasonic, and others.Ultrasonic sensors are generally used to trigger the alarm if a change in the air pressure is detected in the cabin of the vehicle. It does so by transmitting ultrasonic sound waves around the interior of the vehicle. Radiofrequency identification is a wireless non-contact use of radiofrequency waves to transfer data. The use of radio frequency identification systems for vehicle security purposes is becoming popular owing to its cost-effectiveness. The others segment includes break-in sensors, motion & tilt sensors, and window controller systems. Break-in sensors are designed to trigger an alarm when the glass is broken. These sensors are available in two types: glass break detectors and shock sensors.


Based on vehicle type, the global vehicle security market is bifurcated into passenger cars and commercial vehicles. Passenger cars refer to road motor vehicles used to carry passengers rather than goods. According to the Organisation for Economic Co-operation and Development (OECD), passenger cars are vehicles that have the capacity of carrying not more than nine persons, including the driver. Commercial vehicles include mini-vans, trucks, coaches, buses, and other vehicles used to transport goods and passengers. The increasing demand for commercial vehicles in the processing, manufacturing, and logistics sectors and the continuous growth in the tourism and hospitality sectors propels commercial vehicles' demand.


Based on sales channel, the global vehicle security market has been segmented into Original equipment manufacturers (OEMs) and aftermarket.OEMs are engaged in the production of parts and equipment that are being marketed by some other manufacturers. The major automotive component manufacturers are investing in research & development to offer vehicle security systems and modules and upgrade new technologies. Aftermarket is associated with the manufacture, remanufacture, and installation of vehicle security system parts after the vehicle is being retailed by an OEM. Aftermarket vehicle security parts are more cost-effective than OEM parts, which increases the preference for aftermarket vehicle security parts and components.


Regional Analysis:


Based on region, the report on the Vehicle security market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World.


The growth of Asia-Pacific can be attributed to the increase in the adoption of premium and luxury vehicles. The market for vehicle security is expected to grow at the highest rate in Asia-Pacific during the study period due to an increase in demand for automobiles, primarily in China and India. The existence of major manufacturers and operating units of global players in this region, combined with the availability of sophisticated technologies, enables the market to flourish. The market is also expected to grow during the forecast period due to an increasing population, industrialization, and rapid growth of the manufacturing industry. Owing to all these factors, Asia-Pacific is expected to register a CAGR of 7.45% during the forecast period. However, this demand was hampered by the widespread global pandemic. The demand dropped by a considerable amount due to the shutdown of all major offices, resulting in a lack of demand. In the subsequent years, the demand is expected to increase as the industries have started their manufacturing activities according to national rules and regulations.


Europe comprises various countries, including the UK, Germany, France, Spain, and Italy. The European Union has introduced several norms regarding vehicle safety, which prompt the automotive OEMs to consistently integrate electronics technology such as biometric systems, ultrasonic intruder protection systems, automatic collision detection systems, automatic driver recognition systems, and others into automobiles. The region is a major hub for automobile manufacturers, who offer passenger and commercial vehicles embedded with vehicle security systems. According to the European Automobile Manufacturers' Association (ACEA), stringent government regulations and standards are expected to increase the demand for next-generation vehicles, such as electric and hybrid vehicles, leading to the need for vehicle security systems during the study period.


Competitive Landscape:


The growth of the vendors is dependent on market conditions, government support, and industrial development. Thus, the vendors should focus on expanding their presence and improving their services. Denso Corporation, Robert Bosch GmbH, Valeo, Continental AG, and Lear Corporation are some of the key players operating in the market. These companies compete in terms of availability, price, quality, and technology and consider product development as their key strategy in the market. Although the international players dominate the market, regional and foreign players with small shares also have a significant market presence. The international players may strengthen their market presence by heavily investing in product development during the forecast period.


Key Competitors:


The growth of the vendors is dependent on market conditions, government support, and industrial development. Thus, the vendors should focus on expanding their presence and improving their services. Denso Corporation, Robert Bosch GmbH, Valeo, Continental AG, and Lear Corporation are some key players operating in the global market.


Recent Developments:



  • January 2021: DENSO announced a partnership with Aeva, the US-based LiDAR and perception systems company, to develop next-generation sensing and perception systems for vehicles.

  • September 2020: Continental developed a sensor-based digital load monitoring system for commercial vehicles.

  • February 2020: Alps Alpine developed a new model of its SKSU Series compact TACT Switch for automotive applications.

  • January 2020: DENSO announced a partnership with Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, to develop next-generation cockpit systems.


Report Overview:


The global vehicle security market has been segmented based on component, technology, vehicle type, sales channel.The vehicle security market is driven by factors such as the adoption of biometric technology in vehicle security and the increasing number of advanced vehicle security technologies. Moreover, the scope for adoption in semi-autonomous and autonomous vehicle systems is expected to create an opportunity for the vendors operating in the global market. However, the potential failure of electronic components in the global market is expected to restrain growth during the forecast period.


Market Segmentation



  • By Technology (Radio Frequency Identification, Ultrasonic, Others)

  • Component (Central Locking System, Remote Keyless Entry System, Ultrasonic Intruder Protection (UIP), Automatic Collision Detection System, Automatic Driver Recognition System (ADRS), Backup Battery Siren (BBS), Others)

  • Vehicle Type(Passenger Car, Commercial Vehicle)

  • Sales Channel (OEM, Aftermarket)



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 10,168 million 2030
  CAGR   6.90% CAGR (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019Β &Β 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Technology, By Component, By Remote, By Vehicle Type
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Denso Corporation (Japan), Robert Bosch GmbH (Germany), HELLA GmbH & Co. KGaA (Germany), Valeo (France), Mitsubishi Electric Corporation (Japan), Continental AG (Germany), Lear Corporation (US), Tokairika, Co, Ltd (Japan), Omron Corporation (Japan), and Alps Alpine Co., Ltd (Japan).
  Key Market Opportunities   Advanced safety features
  Key Market Drivers

  • Increasing adoption of premium vehicle security
  • Luxury vehicles


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    Frequently Asked Questions (FAQ) :

    The global vehicle security market is expected to record a substantial market valuation of USD 10,168 million

    The global vehicle security market is projected to register a moderate 6.90% CAGR in the forecast period.

    Rising demand for new commercial vehicles and increasing vehicle theft activity are driving the growth of the market.

    the lack of consumer awareness and technical limitations are likely to hamper the growth of the vehicle security market over the review period.

    The central locking system segment is slated to expand as the fastest-growing segment.

    The commercial vehicle segment is slated to expand as the fastest-growing segment.

    A few major market players operating in the global vehicle security market are Denso Corporation (Japan), HELLA GmbH & Co. KGaA (Germany), Robert Bosch GmbH (Germany), among others.