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Driven by the demand of high security vehicles, Automotive Immobilizer Market zooms at CAGR of 4.4%

This report, from Stratview Research, studies the global immobilizer market in the automotive industry over the period 2010 to 2021.
Published 07 June 2019
Market & Growth Prognosis: Analyzing the market over a period of 2010-15 Stratview Research goes to the crux of the issues shaping the market and estimates the most probable future growth rate for the Automotive Immobilizer Market during the period 2016-21.
 
Stratview Research triangulates the market to grow at a healthy CAGR of 4.4% over the next five years.
 
The Diverse Stand Points

The true picture of the market shall not emerge till the time the market is analyzed from various point of views. Each vantage point gives better understanding of the market. The market of Automotive Immobilizer has been viewing from various perspectives such as:
 
Dissection By (Segments)
  1. Vehicle Type (Passenger Cars, Light Duty Vehicles, Medium- & Heavy-Duty Vehicle)
  2. End Market Type (OEM, Aftermarket)
  3. By Region (North America, Europe, Asia-Pacific and Rest of the World)
 
Each view helps us answer a prominent question, and we bring out the best market intelligence which is of interest to each and every player in the market, no matter where he lies in the value chain.
 
The answers to the prominent questions which are evinced out of above slicing of the market are:
  • Which are the best performing segments of the market?
  • Which is the most dominant region?
  • Which material is the most promising?
  • Who are the movers and shakers of the market?
  • What are the regional growth hotspots?
  • What are the segmental growth forecasts?
 
To get the feel of how our best in class, cutting-edge market research report feels, request a sample
 
 
The Factors Driving the market

An engine immobilizer is an anti-theft system that comprises an electronic security device fitted to the vehicle. It prevents the engine from running unless the correct key is present. Automotive key fob is either a digital coded key or a smart key embedded with a RFID transponder which sends signals to the immobilizer control unit. The engine immobilizer is an electronic chip embedded into the ECU of the vehicle, which is activated by a key fob. If the code in the key and the immobilizer matches, the ECU activates the fuel and ignition system of the vehicle.
 
Rising vehicle theft has always been a concern to the government of the many countries. Countries have started implementing vehicle theft prevention regulations with the purpose to curb the vehicle theft. Some major automobile producing countries, such as Germany and US have implemented the regulations that mandate immobilizers for all new vehicles sold. This has led to the growth of the immobilizers in the automotive industry and currently, almost 100% of the new vehicles have immobilizers either as a standard or an optional feature.
 
The global immobilizer market in the automotive industry promises a good growth opportunity and is expected to witness 4.4% CAGR during the forecast period of 2016 to 2021. Increasing automotive production, stringent vehicle theft prevention regulations, growing keyless entry systems market, and demand of high security vehicles are the major drivers of the global automotive immobilizer market.
 
The rise of Passenger Cars

Passenger car segment is expected to remain the largest immobilizers market during the forecast period. High demand of better comfort, security vehicles and increasing car production will continue to drive the demand of the immobilizers in the passenger car segment.
 
Driven by demand, Asia-Pacific has the hegemony over the market

Asia-Pacific region will remain the growth engine of the global automotive immobilizers market in the next five years, driven by emerging economies, such as China and India. China is the world’s largest automotive market with strong growth potential in the next five years. Increasing disposable income and demand of high security featured vehicles have spurred the demand for efficient security systems in this region. All the major immobilizer manufacturers are targeting the Asia-Pacific region and increasing manufacturing capacity to tap the growth potential.
 
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The Report Highlights:

The Research Report offers a detailed look into market, its robust growth perspective, the factors influencing the industry, the competition intensity and a peek into the future.
The following are the key features of the report:
  • Strategic segmentation
  • Market analysis: Growth drivers and constraints, Porter’s five forces
  • analysis, SWOT analysis
  • Detailed Competitive Rivalry landscaping
  • Market trend and forecast analysis
  • Future Growth Boulevards
 
Click Here for Other Reports from Stratview Research in the Automotive Industry: 
https://www.stratviewresearch.com/market-reports/Automotive-Transportation.html
 

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