Vehicle Security Market Research Report: Information by Technology (Ultrasonic, Radio Frequency Identification), by Component (UIP, BBS, Central Locking System, Automatic Collision Detection System, ADRS, Remote Keyless Entry System), by Vehicle Type (Passenger Vehicle, Commercial Vehicle) and Region - Global Forecast till 2017?2023
Market segmentation

Correspondingly, the expansion sought after for the new plug vehicles and the rising number of vehicle robberies just as a high spotlight on the propelled wellbeing highlights for vehicles in Europe and North America are anticipated to drive the global vehicle security market. Asia-Pacific is evaluated to be a noticeable district for the vehicle security market, inferable from the expanding appropriation of premium and extravagance vehicles and the presence of real producers in the area. The key players in the global vehicle security market are much of the time growing their quality through key coalitions and presenting new assembling plants and specialized focuses. The rising episodes of vehicle robbery, expanding reception of biometric innovation in vehicle security, and expanding selection of premium vehicles are driving the global vehicle security market. The market is projected to grow at a CAGR of 6.38% during the forecast period, 2018?2023.

Market segmentation

Based on its technology, the global vehicle security market is divided into Radio Frequency Identification, Ultrasonic, and Others. Based on its Vehicle Type, the market is sectioned into Commercial Vehicles and Passenger Cars. On the basis of its Sales Channel, the market is bifurcated into Aftermarket and Original Equipment Manufacturers (OEMs). On the basis of its component, the market is segmented into Backup Battery Siren (BBS), Remote Keyless Entry System, Ultrasonic Intruder Protection System (UIP), Central Locking System, Automatic Driver Recognition System (ADRS), Automatic Collision Detection System, and Others.

Regional analysis

Geographically, the global vehicle security market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.

Major players

Mitsubishi Electric Corporation (Japan), Continental AG (Germany), Lear Corporation (US), Tokairika, Co, Ltd (Japan), Omron Corporation (Japan), and Alps Alpine Co., Ltd (Japan), HELLA GmbH & Co. KGaA (Germany), among others are some of the major players in the global vehicle security market.