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(Transportation-News.com, March 05, 2019 )
As per the latest market intelligence report published by Stratview Research, the Automotive Vehicle Security Systems Market is progressively growing at an excellent CAGR of 6.5% in the forecasted period.
The research studies Automotive Vehicle Security Systems Market in the trend period of 2010 to 2015 and forecasted period of 2016 to 2021 under five segments by Vehicle type (Passenger Car, Light Duty Vehicle, and Medium & Heavy Duty Vehicle), by System Type (Remote and Passive), by End Market (OEMs and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2016-2021
The study finds –
Asia-Pacific is expected to be the growth engine of the global automotive vehicle security systems market in the next five years.
Remote keyless entry (RKE) system has been experiencing robust growth since the last decade and will continue to be the most dominating keyless entry system type in the next five years.
Passenger car segment to remain the largest segment in the vehicle security systems market driven by high demand of comfort and security and increasing car production.
Click here to read the detailed description: https://www.stratviewresearch.com/158/automotive-vehicle-security-systems-market.html
Go through the TOC: https://www.stratviewresearch.com/toc/158/automotive-vehicle-security-systems-market.html
Vehicle Security Systems Market in the Automotive Industry: Highlights
The usage of the vehicle security system in the global automotive industry has gradually increased over the period of time. Demand for high security due to increasing car theft instances across the globe is creating the need for efficient vehicle security systems. Today, almost all the major automakers are offering vehicle security systems for their vehicles either as a standard or an optional feature. The vehicle security system not only provides security but also enhances the passenger’s convenience level.
The global automotive security systems market offers a good growth opportunity and is expected to witness 6.5% CAGR during the forecast period of 2016 to 2021. Increasing automotive production, stringent vehicle theft prevention regulations, focus on high comfort and convenience, and customers’ demand of high security vehicles are the major drivers of the global automotive vehicle security systems market.
Immobilizers occupied major share in the global vehicle security systems market in 2015. An engine immobilizer is a very simple circuit and is currently incorporated in 100% of the vehicles either as a standard and as optional feature.
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Stratview Research
Ritesh Gandecha
+1-313-307-4176
sales@stratviewresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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