Lewes, DE -- (SBWIRE) -- 06/10/2015 -- Report forecast the global passenger car security systems market to grow at a CAGR of 4.01% over the period 2014-2019.

With an increase in the production and sales of vehicles worldwide, instances of car theft or hijacking are on the rise. Passenger car security products such as immobilizers, alarms, central locking systems, and RKE protect cars from theft or hijacking. These passenger car security products immediately alert the owner and the SOCs in cases of theft.

Technologies such as RFID, RTLS, and GPS are used to track down stolen cars. For instance, General Motors' subsidiary, OnStar, provides car navigation systems, subscription-based communications, roadside assistance, and stolen vehicle assistance.

The report covers the present scenario and the growth prospects of the global passenger car security systems market for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the sales of security products for passenger cars, which is dependent on car production and car sales.

The market is segmented on the basis of the following:

- Products: Immobilizers, vehicle alarms, central locking systems, and RKE
- Geography: Americas, EMEA, and APAC

The report also presents the vendor landscape and a corresponding detailed analysis of the top six vendors in the market. In addition, the major drivers that influence market growth are discussed in the report. It also outlines the challenges faced by vendors and the market at large, as well as the key emerging trends.

According to the report, in the current competitive environment, OEMs need to be in sync with the latest technological trends. With the increasing number of car thefts, there is growing awareness about passenger car security systems among end-users. Vendors are also increasing their reach through advertisements, trade fairs, seminars and webinars, and other promotional events. This is helping end-users in choosing suitable passenger car security systems. Also, the ready availability of advanced and user-friendly security systems is encouraging end-users to invest in passenger car security systems.

Global passenger car security systems market 2015-2019, 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 in the coming years. The report includes a discussion of the key vendors operating in this market.

Key Regions

- Americas
- APAC
- EMEA

Key players in the global passenger car security systems market: Alps Electric, Bosch, Continental, Delphi Automotive, Mitsubishi Electric and TRW Automotive

Other Prominent Vendors in the market are: Hella Kgaa Hueck, LearTokai Rika and Valeo

Market Driver

- Growing Customer Awareness on Vehicle Security
- For a full, detailed list, view our report

Market Challenge

- Failure of Vehicle Security Systems
- For a full, detailed list, view our report

Market Trend

- Increase in M&A
- For a full, detailed list, view our report

Key Questions Answered in this Report

- What will the market size be in 2019 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 95 pages, "Global Passenger Car Security Systems Market 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Automotive Industry: Shift in Production, Thailand: Detroit of Asia, Product Life Cycle Analysis, Technologies Used for Vehicle Tracking, Biometrics: Market Opportunity, Market Segmentation by Product, Geographical Segmentation, Market Attractiveness, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://www.marketresearchreports.com/technavio/global-passenger-car-security-systems-market-2015-2019

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