Brooklyn, NY , Aug. 02, 2016 (GLOBE NEWSWIRE) -- While buying vehicles, apart from performance, customers also look for certain safety features. Expecting vehicles to be safe from instances such as theft has become a basic requirement for buyers. This is the primary reason why manufacturers of car security systems are introducing new products in the global market. The growing number of passenger vehicles and the introduction of innovative car security systems will propel the global market, predict the authors of a report newly added by QYResearchReports.com to its repository.
The report, titled ‘Global Passenger Car Security Systems Market Professional Survey Report 2016,’ briefs readers about the key factors driving the demand for passenger car security systems. As per the findings of the research, the demand for passenger car security systems such as alarms, immobilizers, central locking systems, and remote keyless entry is expected to grow steadily across the globe. The increasing instances of vehicle theft and the consistently increasing production of luxury cars will propel the global market for car security systems, predict the analysts. Further, technically advanced car security systems are predicted to attract more car owners.
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After listing various applications and products, the report then moves on to the leading players operating in the global market. Some of the key companies listed in the report are Bosch, Continental, Delphi Automotive, Alps Electric, TRW Automotive, Lear, Hella KgaaHueck, Valeo, Tokai Rika, Mitsubishi, Fortin, Viper, Avital, Cheetah, Mitech, Compustar, Autowatch, and Crimestopper. The technological advancements in car security infrastructure and automotive design will allow leading companies to manufacture new security systems. This is expected to make the passenger car security systems market highly competitive yet lucrative.
Passenger car security systems find application as either OEM systems or aftermarket installations. Based on product type, the global passenger car security systems market is classified into immobilizers, passive keyless entry (PKE), remote keyless entry (RKE), and passive keyless go (PKG).
The report also highlights the major challenges faced by leading players in the competitive passenger car security systems market. The lack of genuine security features in passenger cars and high subscription costs are two of the most important challenges faced by organizations operating in the market. However, the introduction of car security systems such as keyless access and advanced driver assistance will benefit the market. The increasing adoption of mobile applications on smartphones for controlling security systems in passenger cars is expected to propel the global passenger car security systems market.
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To better understand the changing trends in various nations and the coverage of leading players, the analysts have divided the global market into various regional segments. North America, Europe, China, Japan, India, and Southeast Asia are the major regions covered in the report to study the market for passenger car security systems.
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Source: QY Research Reports