Global Passenger Car Security Systems Outlook Report - Market Size, Share Analysis and Forecast (2024-2032)

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.

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Key Trends and Developments

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.

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Market Segmentation

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.

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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...

Mitsubishi Electric Corporation (TYO: 6503)

was founded in 1921 and is headquartered in Japan. It is a multinational electronics and electrical equipment ...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

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.