Car Security Systems Market - Industry Trends & Forecast to 2019

Security systems form a major part of any vehicle as they prevent it from getting stolen or hijacked. The market for these systems is anticipated to grow at a significant rate in coming years as the consumers are getting aware about the importance of these systems. The major factors driving the demand for passenger car security system market are increase in vehicle sales, customer’s inclination towards sophisticated and reliable vehicle security systems, government regulations, requirement of insurance companies, and growing vehicle thefts. Sustainable growth in the passenger car security systems market will largely depend upon upcoming legislations related to vehicle security in various countries. Some countries already have their own vehicle security regulations. For example, Brazil, Malaysia, Australia, Canada, Germany, U.K., and Finland have installation of immobilizer mandatory in each vehicle sold. Many insurance companies charge low premium and give priority to vehicles that are equipped with standard security systems, such as alarms and immobilizers. This report classifies and defines the passenger car security systems market in terms of volume and value. This report provides a comprehensive analysis and insights on the passenger car security systems (both qualitative and quantitative). The report highlights potential growth opportunities in the coming years and covers review of the market drivers, restraints, growth indicators, challenges, vehicle theft statistics, competitive landscape, and other key aspects with respect to market. The major players in the passenger car systems market have also been identified and profiled. Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications" web site. View the report: Car Security Systems Market - Industry Trends & Forecast to 2019.