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Passenger Car Security Systems Market

Global Passenger Car Security Systems Market Size, Growth: By Type: Immobilizer, Central Lock System, Alarm System, RKE, Others; By Application: OEM, Aftermarket; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032

Global Passenger Car Security Systems Market Outlook

The global passenger car security systems market size is projected to grow at a CAGR of 3.0% between 2024 and 2032, to grow significantly by 2032.

 

Key Takeaways

  • As of March 2023, the automotive industry produced a total of 2,59,31,867 vehicles including passenger vehicles, commercial vehicles, three wheelers, and two wheelers.
  • In 2023, total passenger vehicle sales increased from 30,69,523 to 38,90,114 units.
  • Between Apr 2022 and Mar 2023, exports of passenger vehicles increased from 5,77,875 to 6,62,891 units.

 

Passenger car security systems are designed to protect vehicles from theft and provide an added level of safety for both the vehicle and its occupants. Some common types of car security systems include car alarms, immobilisers, vehicle cameras, and anti-collision systems. Car alarms are widely used as they are active security devices that monitor the state of a vehicle and inform the owner when an alarm is triggered. They can be controlled with the vehicle's original remote or with an optional remote control. Some advanced car alarms can send information directly to a pager or mobile phone. Vehicle cameras also provide security both inside and outside the vehicle and can be used for personal, professional, or fleet monitoring purposes.

 

The passenger car security systems market growth has steadily increased over time, where car manufacturers are now adding safety features to ensure safety and security of passengers. When choosing a car security system, it is essential to consider specific needs and the features that are most important to the user.

 

Global Passenger Car Security Systems Market

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Key Trends and Developments

Advancements in camera technology, rising number of road accidents, and stringent government regulations are increasing the market expansion

 

July 2021

ZF developed the ZF ProAI supercomputer, which is a high-performance computer suitable for any vehicle type and for all levels of autonomous driving. The system incorporates cutting-edge security features to counter cyber threats.

 

March 2021

Hella established a Technical Centre in Oradea, with a focus on developing new products for electric vehicles, and a research and development centre to concentrate on innovative camera technologies.

 

February 2021

Bosch and Microsoft have collaborated to develop a software-defined vehicle platform, aiming to seamlessly connect cars to the cloud and accelerate the development and deployment of vehicle software.

 

In January 2021

Alps Alpine, a leading manufacturer of electronic components collaborated with Qualcomm Technologies Inc. to create an advanced in-vehicle camera positioning system. This system aims to enhance vehicle security.

 

Advancements in camera technology

With the upgradation of technologies like AI and machine learning, the passenger car security systems market is expected to grow. AI-powered collision avoidance systems play a pivotal role in averting accidents by continuously observing and monitoring the environment and analysing sensor data.

 

Rising number of road accidents

Around 1.35 million people are dying in car accidents every year , which is increasing the passenger car security systems market demand. Features like roll-over protection, seat belt indicator, door lock state identification, driver alertness system, and anti-collision systems are thus being added to cars to ensure the safety of passengers.

 

Stringent government regulations

To ensure the safety and security of citizens, government and policymakers are implementing strict policies and regulations. In 2022, United Nations Economic Cooperation of Europe adopted two new regulations to improve the safety of vulnerable road users. This would increase the driver’s ability to identify pedestrians before the vehicle starts or while it is at a lower speed.

 

Increasing number of car thefts

1,001,967 vehicles were stolen in 2022, according to a National Insurance Crime Bureau (NICB) analysis of data, which means 1.9 vehicles are stolen every minute. Moreover, awareness about security systems has increased, creating a significant demand for security devices such as central locking systems and immobilisers.

 

The global market for passenger car security systems is projected to experience substantial growth due to the integration of biometric systems in mass mid-segment cars, in addition to luxury and high-end vehicles. The adoption of biometric technology in automobiles, such as the integration of facial recognition and finger movement systems can be projected as one of the passenger car security systems market trends.

 

Furthermore, the rising demand for other safety features along with the increasing focus on advanced technologies in the automotive industry, are contributing to the passenger car security systems market development . Anti-collision systems are safety systems designed to prevent or mitigate the impact of collisions between vehicles and are becoming increasingly important for passenger safety. Owlcam's advanced car camera security system provides complete protection and is designed to deter theft. These developments reflect a significant shift towards the use of security systems in enhancing the security and functionality of passenger cars.

 

Global Passenger Car Security Systems Market

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Market Segmentation

Global Passenger Car Security Systems Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

  • Immobilizer
  • Central Lock System
  • Alarm System
  • RKE
  • Others

 

Market Breakup by Application

  • OEM
  • Aftermarket

 

Market Breakup by Region

  • North America 
  • Europe 
  • Asia Pacific 
  • Latin America 
  • Middle East and Africa

 

OEMs are expected to hold significant market share because they offer advanced car security systems

OEMs (Original Equipment Manufacturers) are expected to lead the passenger car security systems market share, as the demand for OEM is higher in the long run. OEMs are engaged in producing parts and equipment that other manufacturers are marketing, and they are investing in research and development to offer advanced security systems.

 

The aftermarket segment is also projected to experience significant growth, driven by factors such as the increasing number of older vehicles on the road, digitalisation, and the demand for luxury cars. The segment is anticipated to grow due to the wear and tear of security systems and the relatively low cost of replacement compared to OEM.

 

Immobilizers systems are preferred for car security due to rising cases of car thefts

Advancements in automotive electronics and remote operating features have increased the importance of security system installations including car alarms, immobilizers, central locking, and keyless access systems.

 

According to the global passenger car security systems market analysis, the immobilizer security systems are expected to witness significant growth during the forecast period. This system uses a specialised digitally coded key containing a transponder chip that stores the electronic security code. Car immobilisers are integrated into the engine control unit (ECU) to prevent the engine from running and starting the vehicle without an authorised key. A mismatch between the key code and the immobilizer prevents the vehicle from starting the fuel system and activating the ignition system, thereby boosting market expansion.

 

On the other hand, central lock systems provide convenience and enhanced security by locking all four doors of the car simultaneously with the help of a remote, offering time efficiency and aiding in locating the car in large parking lots. Thus, the integration of immobiliser systems with other security features and the introduction of keyless entry systems are contributing to this growth.

 

Global Passenger Car Security Systems Market

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Competitive Landscape

The market players are integrating advanced security features to stay ahead in the competition with global companies.

 

Tokairika Co. Ltd was founded in 1948 and is headquartered in Japan. The company deals in major car related products including automotive switches, locks and keys, seatbelts, shift levers, electronic parts, steering wheels, connectors, mirrors, and others.

 

Robert Bosch GmbH was founded in 1886 and is headquartered in German. The company is an international supplier of technology and services. Its operations are divided into four sectors including industrial technology, mobility, energy and building technology, and consumer goods.

 

Mitsubishi Electric Corporation (TYO: 6503) was founded in 1921 and is headquartered in Japan. It is a multinational electronics and electrical equipment manufacturing company. The company deals in numerous products including home products, public systems, automotive equipment, and others. It deals in vehicle safety products such as driver monitoring systems, high-definition locator, LED control unit and others.

 

Other key players in the global passenger car security systems market analysis include Continental AG, Valeo SA, and Hella GmbH & Co. KGaA, among others.

 

Europe is one of the prominent regions in the market due to the mandatory regulations regarding vehicle safety

The implementation of legislation mandating these security measures across Europe is expected to increase the demand for car security systems even further. In 2022, European Union mandate some car safety features including advanced emergency braking, drowsiness and attention detection, alcohol interlock installation facilitation, and emergency stop signal, among others. The measures adopted would help save over 25,000 lives and prevent at least 140,000 serious injuries by 2038. These regulations are aimed at reducing auto thefts, ensuring vehicle safety, and promoting the integration of advanced security features in vehicles.

 

However, due to an increasing population and robust automotive industry present in India and China, the market is expected to grow significantly in the Asia Pacific region. In addition, the adoption of biometric technology is expected to boost market growth in this region.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Application
  • Region
Breakup by Type
  • Immobilizer
  • Central Lock System
  • Alarm System
  • RKE
  • Others
Breakup by Application
  • OEM
  • Aftermarket
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Continental AG (ETR: CON)
  • Tokairika Co. Ltd
  • Valeo SA (EPA: FR)
  • Robert Bosch GmbH
  • Mitsubishi Electric Corporation (TYO: 6503)
  • Hella GmbH & Co. KGaA (ETR: HLE)
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface  
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Passenger Car Security Systems Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Passenger Car Security Systems Historical Market (2018-2023) 
    8.3    Global Passenger Car Security Systems Market Forecast (2024-2032)
    8.4    Global Passenger Car Security Systems Market by Type
        8.4.1    Immobilizer
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Central Lock System
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Alarm System
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    RKE
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Others
    8.5    Global Passenger Car Security Systems Market by Application
        8.5.1    OEM
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Aftermarket
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Passenger Car Security Systems Market by Region       
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032) 
9    North America Passenger Car Security Systems Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Passenger Car Security Systems Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Passenger Car Security Systems Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.2    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Passenger Car Security Systems Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Passenger Car Security Systems Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Continental AG (ETR: CON)
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Tokairika Co. Ltd
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Valeo SA (EPA: FR)
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Robert Bosch GmbH
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Mitsubishi Electric Corporation (TYO: 6503)
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Hella GmbH & Co. KGaA (ETR: HLE)
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Passenger Car Security Systems Market: Key Industry Highlights, 2018 and 2032
2.    Global Passenger Car Security Systems Historical Market: Breakup by Type (USD Million), 2018-2023
3.    Global Passenger Car Security Systems Market Forecast: Breakup by Type (USD Million), 2024-2032
4.    Global Passenger Car Security Systems Historical Market: Breakup by Application (USD Million), 2018-2023
5.    Global Passenger Car Security Systems Market Forecast: Breakup by Application (USD Million), 2024-2032
6.    Global Passenger Car Security Systems Historical Market: Breakup by Region (USD Million), 2018-2023
7.    Global Passenger Car Security Systems Market Forecast: Breakup by Region (USD Million), 2024-2032
8.    North America Passenger Car Security Systems Historical Market: Breakup by Country (USD Million), 2018-2023
9.    North America Passenger Car Security Systems Market Forecast: Breakup by Country (USD Million), 2024-2032
10.    Europe Passenger Car Security Systems Historical Market: Breakup by Country (USD Million), 2018-2023
11.    Europe Passenger Car Security Systems Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Asia Pacific Passenger Car Security Systems Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Asia Pacific Passenger Car Security Systems Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Latin America Passenger Car Security Systems Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Latin America Passenger Car Security Systems Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Middle East and Africa Passenger Car Security Systems Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Middle East and Africa Passenger Car Security Systems Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Global Passenger Car Security Systems Market Structure

Key Questions Answered in the Report

The market is estimated to grow at a CAGR of 3.0% between 2024 and 2032.

The market is being driven by various factors such as increased use of car security systems across the globe and car manufacturers adding new features to ensure safety and security.

The key trends aiding the market expansion are- the upgradation of technologies like artificial intelligence and machine learning, to prevent accidents and theft, and stringent government regulations.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The various types of passenger car security systems are immobilisers, central lock system, alarm system, RKE and others.

The major applications in the passenger car security market are OEM and aftermarket.

The major players in the global passenger car security market system are Continental AG (ETR: CON), Tokairika Co. Ltd, Valeo SA (EPA: FR), Robert Bosch GmbH, Mitsubishi Electric Corporation (TYO: 6503), Hella GmbH & Co. KGaA (ETR: HLE), among others.

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