Lewes, DE -- (SBWire) -- 10/10/2016 --Report forecast the global automotive immobilizer market to grow at a CAGR of 3.77% during the period 2016-2020.
The automotive immobilizer, also known as engine immobilizer, is a vehicle anti-theft system. It is embedded into the engine ECU. It allows the engine to start only with the vehicle's authorized key. The transponder chip in the vehicle key stores the digital security code or password. The code stored in the key and the one stored in the vehicle unit should match for the ECU to allow engine ignition. Once matched, the immobilizer sends a signal to the engine management system to activate the engine.
The report covers the present scenario and the growth prospects of the global automotive immobilizer market for 2016-2020. To calculate the market size, the report considers a top down approach, wherein the overall automobile production units are considered, which includes passenger cars, LCVs, and HCVs.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, one of the key drivers for market growth will be regulations driving standardization of vehicle security systems. Since several regulatory bodies across the globe have taken initiatives to improve and standardise safety even in entry level vehicles, immobilizers are gradually attaining an adoption rate of 100%. Present day keyless entry systems communicate with vehicles through microwave or radio frequency. The latest technologies that involve smartphones or smartwatches to unlock/lock vehicle doors have increased the possibility of these systems to be hacked. This is leading to higher security requirements, so the need for standardization has become inevitable. No automotive electronic component is made by a single company.
Further, the report states that vehicle entry systems have evolved from using mechanical components to advance electronic components. These components use electromagnetic communication to lock and unlock doors. But they have been exposed to cybercrimes. The market witnesses challenges arising from concerns over electronic vulnerability of the system. This is certainly an issue that is bound to attract attention from consumers and insurance providers. Although regulatory bodies have been actively taking initiatives in reducing the vulnerability of automotive security systems from hacktivists and organised crimes, experts believe that organised crime has been successful in developing counter mechanisms to penetrate automotive security systems.
Global Automotive Immobilizer Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the global automotive immobilizer market: Continental, Delphi, Bosch, Hella, and Mitsubishi Electric.
Other Prominent Vendors in the market are: Alps Electric, Autowatch, Cyclops, Lear, Mastergard Enterprises, NXP, Revelco, Strattec security, Tokai Rika, Valeo, and ZF TRW Automotive.
Market driver
- Regulations driving standardisation of vehicle security systems
- For a full, detailed list, view our report
Market challenge
- Vulnerability in keyless entry system
- For a full, detailed list, view our report
Market trend
- Adoption of biometrics-based vehicle security systems diminishing the role of immobilizers
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 85 pages and 41 Exhibits "Global Automotive Immobilizer Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by vehicle type, Geographical segmentation, Market drivers, Market challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
For more information Visit at: http://www.marketresearchreports.com/technavio/global-automotive-immobilizer-market-2016-2020
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