The report Car Security Systems Market - Industry Trends & Forecast to 2019, classifies and defines the passenger car security systems market in terms of volume and value. The report highlights the potential growth opportunities for passenger car security systems market in the coming years and also covers the review of-market drivers, restraints, opportunities, challenges, vehicle theft statistics in key countries, competitive landscape, and other key aspects related to passenger car security systems market.

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The passenger car security systems market in terms of value is projected to grow $11.5 Billion by 2019, at steady CAGR of 3.89% between 2014 and 2019.

Security systems form a major part of any vehicle as they prevent it from getting stolen or hijacked. The market for these systems is anticipated to grow at a significant rate in coming years as the consumers are getting aware about the importance of these systems. The major factors driving the demand for passenger car security system market are increase in vehicle sales, customer’s inclination towards sophisticated and reliable vehicle security systems, government regulations, requirement of insurance companies, and growing vehicle thefts. Sustainable growth in the passenger car security systems market will largely depend upon upcoming legislations related to vehicle security in various countries. Some countries already have their own vehicle security regulations. For example, Brazil, Malaysia, Australia, Canada, Germany, U.K., and Finland have installation of immobilizer mandatory in each vehicle sold. Many insurance companies charge low premium and give priority to vehicles that are equipped with standard security systems, such as alarms and immobilizers.

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This report classifies and defines the passenger car security systems market in terms of volume and value. This report provides a comprehensive analysis and insights on the passenger car security systems (both qualitative and quantitative). The report highlights potential growth opportunities in the coming years and covers review of the market drivers, restraints, growth indicators, challenges, vehicle theft statistics, competitive landscape, and other key aspects with respect to market. The major players in the passenger car systems market have also been identified and profiled.

Scope of the Report:

The report covers the passenger car security systems market in terms of volume and value. Market size in terms of volume is provided from 2012 to 2019 in thousand units (‘000 units), whereas the value is provided in USD Million ($Million). The market is broadly classified by region (Asia-Pacific, Europe, North America, and RoW), focusing on key countries in each region and by type (alarm, immobilizer, RKE, and central locking system).

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