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Car Security System Market Share

Report ID: GMI7982
Published Date: Jan 2024
Report Format: PDF

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Car Security System Market Share

Tokai Rika,Co, Ltd., ALPHA Corporation and Mitsubishi Electric Corporation hold a significant market share of over 17% in the car security system industry. Companies in the car security system market employ various strategic initiatives to fortify their positions. One crucial strategy is continuous innovation, with firms investing in the development of advanced technologies such as biometric authentication, GPS tracking, and connected car security. Establishing partnerships and collaborations with other industry players and technology providers is another common approach, fostering a comprehensive ecosystem for integrated security solutions.

Many companies focus on expanding their geographical presence, tapping into emerging markets with rising vehicle ownership. Additionally, a strong emphasis on compliance with evolving government regulations and industry standards ensures that companies maintain credibility and trust. Offering a diverse range of security solutions tailored to different consumer needs further enhances their competitive edge in this dynamic market.

Car Security System Market Companies

Major companies operating in the car security system industry are:

ALPHA Corporation
Aptiv plc
Atech Automotive (Wuhu) Co., Ltd.
Avital
Continental AG
Denso Corporation
Directed Inc.
Huf Hülsbeck & Fürst GmbH & Co. KG
I Car Srl
Marquardt GmbH
Mitsubishi Electric Corporation
Robert Bosch GmbH
Stoneridge Inc.
Tokai Rika,Co, Ltd.
Valeo S.A.
Viper Security
ZF Friedrichshafen AG

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of car security system reached USD 10.4 billion in 2023 and is set to witness 6% CAGR from 2024 to 2032, due to the rise in vehicle theft incidents and the growing demand for advanced security systems worldwide.

The passenger car segment held over 67% of the market share in 2023, owing to the surge in vehicle thefts and the emergence of sophisticated theft techniques making customers prioritize safety.

Asia Pacific accounted for 32% of the market share in 2023, attributed to rising incidents of vehicle theft and the higher awareness of advanced security technologies in the region.

Avital, Continental AG, Denso Corporation, Directed Inc., Huf Hülsbeck & Fürst GmbH & Co. KG, I Car Srl, Marquardt GmbH, Mitsubishi Electric Corporation, Robert Bosch GmbH, and Stoneridge Inc. are some of the major car security system companies worldwide.