PUBLISHER: The Business Research Company | PRODUCT CODE: 1657059
PUBLISHER: The Business Research Company | PRODUCT CODE: 1657059
Vehicle security systems are devices designed to protect vehicles by utilizing sensors or alarms to monitor against theft and unauthorized actions. These systems often incorporate factory alarm system controls, door lock controls, and computerized data networks to enhance the security of vehicles.
The main types of products in the vehicle security system market include immobilizers, alarm systems, tracking systems, central locking systems, remote keyless entries, and others. Immobilizers play a crucial role in securing vehicles by preventing theft through mechanisms that reduce the risk of hotwiring and unauthorized access. Various technologies, such as the global positioning system (GPS), global system for mobile communication (GSM), face detection systems, and real-time location systems, are implemented in different vehicle types, including passenger cars, commercial vehicles, and others.
The vehicle security system market research report is one of a series of new reports from The Business Research Company that provides vehicle security system market statistics, including vehicle security system industry global market size, regional shares, competitors with a vehicle security system market share, detailed vehicle security system market segments, market trends and opportunities, and any further data you may need to thrive in the vehicle security system industry. This vehicle security system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The vehicle security system market size has grown strongly in recent years. It will grow from $9.88 billion in 2024 to $10.64 billion in 2025 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to rising vehicleTheft rates, consumer awareness on vehicle security, integration of immobilizers, insurance industry requirements, advances in keyless entry systems.
The vehicle security system market size is expected to see strong growth in the next few years. It will grow to $14.57 billion in 2029 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to growing connected car technologies, increase in vehicle digitization, adoption of biometric vehicle access, regulatory standards for vehicle security, rise in cybersecurity concerns for connected vehicles. Major trends in the forecast period include development of advanced vehicle encryption systems, integration of artificial intelligence in security algorithms, expansion of remote vehicle monitoring, application of blockchain for secure vehicle data, evolution of multi-layered authentication in vehicle access systems.
The rise in cyberattacks is expected to significantly boost the growth of the vehicle security system market in the future. A cyberattack is a deliberate attempt by individuals or organizations to compromise the information systems of others. As automotive innovation advances, cybersecurity has become a pressing concern. Vehicle security systems protect electronic systems, communication networks, software, and data collected by the latest intelligent cars from potential threats. If a vehicle's computer systems are not adequately secured, hackers can steal sensitive data or even gain control of the vehicle. For instance, in July 2024, data published by the National Automobile Dealers Association (NADA), a US-based non-profit organization, revealed that cybersecurity threats in the automotive sector have intensified, with data breaches increasing by 72% between 2021 and 2023. Ransomware attacks surged by 68% in 2023, with 40% of affected companies paying ransoms exceeding $1 million, resulting in over six days of downtime. Consequently, the rise in cyberattacks is driving the growth of the vehicle security system market.
An increase in vehicle ownership is anticipated to drive the growth of the vehicle security system market in the future. Vehicle ownership refers to the legal possession and control of a motorized vehicle, including cars, trucks, motorcycles, and other self-propelled vehicles. Vehicle security systems are essential for vehicle owners, providing peace of mind and protection. These systems help safeguard vehicles against theft, break-ins, and vandalism, thereby minimizing the risk of asset loss. They are vital for maintaining vehicle safety and security, enhancing the overall ownership experience. For instance, in May 2024, statistics released by the Department for Transport, a UK-based ministerial department, indicated that by the end of December 2023, the UK had 41.2 million licensed vehicles, reflecting a 1% increase from December 2022. This figure includes 1,015,000 licensed zero-emission vehicles, representing a 47% rise, of which 931,000 were zero-emission cars, marking a 48% increase. Therefore, the growing vehicle ownership is propelling the vehicle security system market.
Technological advancements represent a prominent trend in the vehicle security system market, with major companies focusing on developing innovative solutions. An example of this trend is Ford's collaboration with ADT Security Services in January 2022 to establish a $100 million joint venture called Canopy. This venture aims to prevent vehicle theft through the use of sensors and artificial intelligence (AI). Canopy provides an aftermarket security product that utilizes AI to identify and report credible threats, triggering alarms in response to signs of metal cutting, breaking glass, or suspicious sounds or motion near a vehicle. The primary objective is to prevent vehicle theft proactively.
Major companies in the vehicle security systems market are launching innovative products to maintain competitiveness, such as Volvo Cars' Front Short-Range Assist, designed to enhance the safety of cyclists and pedestrians. Introduced in May 2023, this safety system uses radar and camera technology to detect potential collisions with cyclists or pedestrians in front of the truck, issuing warnings to the driver when necessary. The system also features a door opening warning system, alerting the driver if there is an approaching pedestrian, cyclist, or car from behind when the door is opened. Other features include Intelligent Speed Assist and Tire Pressure Monitoring System.
In December 2022, Aptiv Plc, an Ireland-based technology and mobility architecture firm, acquired Wind River from TPG for $3.5 billion. This acquisition aims to enhance Aptiv's software development for intelligent edge systems by integrating Wind River's technology, which is utilized in over two billion devices, into Aptiv's Smart Vehicle Architecture. This integration is expected to facilitate comprehensive vehicle lifecycle management and positively impact Aptiv's earnings per share in 2023. Wind River Software, a US-based company, specializes in providing software for intelligent systems, including embedded systems, cloud software, and real-time operating systems.
Major companies operating in the vehicle security system market include Continental AG, Delphi Technologies, Denso Corporation, Hella Kgaa Hueck & Co, Lear Corporation, Mitsubishi Electric Corporation, Robert Bosch GmbH, Tokairika Co. Ltd., Valeo SA, TRW Automotive India Private Limited, ZF Friedrichshafen AG, Aptiv plc, Omron Corporation, Clifford, Viper Security Systems, Stoneridge Inc., Marquardt GmbH, I Car Systems, NXP Semiconductors Inc., Panasonic Corporation, Autoliv Inc., Johnson Controls Inc., Magna International Inc., Mobileye NV, WABCO Vehicle Control Systems, Gentex Corporation, Nippon Seiki Co. Ltd., Visteon Corporation, Harman International Industries Inc., TomTom International BV
Asia-Pacific was the largest region in the vehicle security system market in 2024. The regions covered in the vehicle security system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the vehicle security system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The vehicle security system market consists of sales of passive security systems, active security systems, alarms and immobilizing devices. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Vehicle Security System Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on vehicle security system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for vehicle security system ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The vehicle security system market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.