Vehicle Security System Market: Key Highlights
Vehicle Security System Market: Key Market Dynamics
Vehicle Security System Market: Regional Overview
The growth in the Asia-Pacific region is attributed to the high production and sales of automobiles and the demand for advanced security featured vehicles. This region has witnessed high penetration of vehicle security systems due to the adoption of premium and smart vehicles, owing to the rising per capita income in countries such as Japan, South Korea, and China which are expected to boost the market growth.
In Europe, the increasing vehicle production, and customers’ preference towards premium and luxury cars are expected to propel the demand for vehicle security system. Furthermore, the European Union has decided mandatory usage of driver assistance systems in every vehicle from 2022 to increase road safety and to contribute towards the Vision Zero project which will boost the market growth.
Vehicle Security System Market: Key Players Overview
Lear Corporation is a US-based company that manufactures automotive electrical and seating systems. In April 2019, the company completed the acquisition of Xevo, which is a leading automotive software supplier that develops solutions for cars, cloud, and mobile devices. This acquisition will enhance Lear’s capability in getting advancement in connectivity, services, software, and data analytics.
Robert Bosch GmbH is a German-based company. The company offers industrial products, auto spare parts, mobility, control and drive technology, business process outsourcing, and others. In December 2018, the company has launched perfectly keyless system by turning the smartphone into a car key which prevents car theft using digital technologies such as signal jamming, signal relaying, and key programming, etc.
About Forencis Research
Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of market research reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets.
Our robust research methodology is designed to constantly map the high growth markets in various industries. This facilitates enhanced decision-making capabilities to our clients. Our robust research methodology is designed to constantly map the high growth markets in various industries. This facilitates enhanced decision-making capabilities to our clients. We strive to help our clients to foray into uncharted space to attain increased revenue growth for the present as well as the future.
Phone: +1 (720) 306 9020