Global Automotive Immobilizer Market Report and Forecast 2024-2032

Global Automotive Immobilizer Market Outlook

The global automotive immobilizer market size is estimated to grow at a CAGR of 4.2% in the forecast period of 2024-2032. The market is being driven by the growing integration of biometric features in immobilizers and technological advancements and innovations.

Key Trends in the Market

An automotive immobilizer is an anti-theft electronic system, which prevents the engine from running unless the appropriate key is inserted. This device is widely found in modern vehicles and prevents the vehicle from being stolen.

• The rising integration of biometric features such as fingerprint verification methods to store biometric data in the immobilizer system and prevent illegal access to vehicles is one of the prominent automotive immobilizer market trends.

• Modern electric vehicles (EVs) are now equipped with remote engine immobilizers, which can be used to stop or slow down the EVs as well as track their current location with mobile apps in case of theft.

• The advent of high-end technology such as IoT and RFID in automotive immobilization systems to immobilize the vehicle with wireless communication and enhance its security also provides impetus to the automotive immobilizer market growth.

• Favourable government incentives such as increased investments by the Australian government for the installation of engine immobilizer systems amid the rising cases of vehicle thefts are also a crucial trend boosting the market expansion.

Market Analysis

Based on vehicle type, the market is divided into passenger cars, light commercial vehicles, and heavy commercial vehicles. The automotive immobilizer market segmentation, on the basis of type, includes OEM and aftermarket. The major regional markets of automotive immobilizer include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the automotive immobilizer market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Robert Bosch GmbH

• Mitsubishi Electric Corp.

• Continental AG

• HELLA GmbH & Co. KGaA

• Dynamco Inc.

• NXP Semiconductors N.V.

• ZF Friedrichshafen AG

• TOKAIRIKA, Co., Ltd.

• Asahi Denso Co., Ltd.

• Master Enterprises Inc.

• Others

Market Share by Vehicle Type

Passenger cars occupy a significant portion of the automotive immobilizer market share, owing to the growing sales of passenger cars, which fuels the demand for effective engine immobilization systems. Growing user awareness regarding vehicle safety also boosts the utilisation of immobilizers in passenger cars.

Moreover, light commercial vehicles are expected to gain robust growth in the forecast period, due to the increased adoption of enhanced safety systems such as automotive immobilizers by fleet companies.

Market Share by Region

As per the automotive immobilizer market analysis, the Asia Pacific accounts for a substantial share of the global market, due to the burgeoning presence of market players that are focused on developing advanced safety systems for vehicles. Increased production of EVs also provides ample opportunities for EV-specific engine immobilization systems in the APAC region.

Meanwhile, Europe is anticipated to witness sizeable growth, owing to the stringent government regulations, which mandate the integration of immobilizers in automotive vehicles.

Competitive Landscape

Continental AG, founded in 1871, is a global automotive parts company, with its headquarters in Hanover, Germany. The company offers a comprehensive range of products such as infotainment, intelligent transportation components, and safety systems, among others.

HELLA GmbH & Co. KGaA is a supplier of automotive components, established in 1899 and based in Lippstadt, Germany. The company contributes to sustainability by promoting carbon neutrality in its production sites as well as offering innovative and eco-friendly product solutions.

Asahi Denso Co., Ltd, incorporated in 1949 and headquartered in Aichi, Japan, is an automotive corporation. Its product range includes main switches, handlebar switches, safety-related parts, and lever holders, among others.

Other automotive immobilizer market players include Robert Bosch GmbH, Mitsubishi Electric Corp., Dynamco Inc., NXP Semiconductors N.V., ZF Friedrichshafen AG, TOKAIRIKA, Co., Ltd., and Master Enterprises Inc., among others.

Key Highlights of the Report