Growth of Passenger Car Security Systems Market to Be Impacted by the Growing Adoption of Biometric Passenger Car Security Systems | Technavio
LONDON--(BUSINESS WIRE)--Oct 3, 2019--
The report, Passenger Car Security Systems market 2019-2023, has been added to Technavio's catalog. It provides a comprehensive analysis of the market, including its global and regional market share as well as market segmentation based on product and geography for the forecast period 2019-2023.
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Technavio has announced its latest market research report titled global passenger car security systems market 2019-2023. (Graphic: Business Wire)
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The report on the Passenger Car Security Systems market 2019-2023 includes:
Passenger Car Security Systems market analysis and forecast 2019-2023: Features
- Competitive landscape
- Market segmentation
- Geographic Region
- Market drivers
- Market trends
- Market challenges
- Five forces analysis
- Market landscape
- Market sizing & forecast
Passenger Car Security Systems Market 2019-2023: Competitive Landscape
- Vendors covered
- Vendor classification
- Continental AG
- Hella GmbH & Co. KGaA
- Tokai Rika Co. Ltd.
- Valeo SA
- ZF Friedrichshafen AG
Passenger Car Security Systems Market Landscape 2019-2023: Product
- Immobilizer - Market size and forecast 2018-2023
- Central lock system - Market size and forecast 2018-2023
- Alarm system - Market size and forecast 2018-2023
- RKE and others - Market size and forecast 2018-2023
Passenger Car Security Systems Market Landscape 2019-2023: Geographic Landscape
- APAC - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- North America - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023 - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
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Emergence of connected cars will drive the Passenger Car Security Systems market
Advancements in IoT technology have enabled the development of connected cars. These cars can communicate with each other as well as with other non-automotive devices. However, the software in connected cars is vulnerable to malware attacks and hacking, which can result in car and data theft. To overcome this challenge, car manufacturers are integrating security systems such as access control systems, immobilizers, interactive radio-wave remote control, and remote keys into their vehicles. The increasing adoption of connected cars will be a significant factor in driving the expansion of the passenger car security systems market. Although the growth momentum of the passenger car security systems market will decelerate, it will continue to register a CAGR of over 2% during the forecast period.
Growth of biometric technology – An emerging trend in the Passenger Car Security Systems market
Market vendors are exploring the applications of biometric technology in vehicle access, ignition permission, anti-theft systems, and onboard communication program in automobiles. Although biometric systems are incorporated in luxury and high-end cars, they are going to be adopted in the mass mid-segment cars in the next five years. The rising adoption of biometric technology in vehicles has been identified as a critical passenger car security systems market trend that will have a positive impact on the growth of the market.
Other Key Topics Covered in the Report are:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
- Growing of biometric technology
- Increase in use of smart mobile apps for passenger cars
- Rise in risks associated with keyless cars
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