Authored By: Sarah
21 Jun 2024

 Automotive Immobilizer Market to grow by USD 1.01 billion between 2024-2028

According to a research report “ Automotive Immobilizer Market” by Vehicle Type (Passenger cars, Commercial vehicles) Source (OEM, Aftermarket) Geography (APAC, North America, Europe, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 1.01 billion at a CAGR of  6.11% during the forecast period. The global auto theft issue necessitates robust security solutions, leading to a surging demand for automotive immobilizers. These devices hinder theft attempts, making them essential for vehicle security. Regulatory bodies in major markets, including the US, Canada, and China, mandate their inclusion in new vehicles. OEMs comply with these regulations, catering to the growing consumer preference for advanced theft protection features..

Browse market data tables, figures, and in-depth TOC on “Automotive Immobilizer Market” by Vehicle Type (Passenger cars, Commercial vehicles) Source (OEM, Aftermarket) Geography (APAC, North America, Europe, Middle East and Africa, South America) Global Forecast to 2028.

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By Vehicle Type, the Passenger cars segment is projected to dominate the market size in 2024.

In the automotive industry, Original Equipment Manufacturers (OEMs) have significantly contributed to the expansion of the automotive immobilizer market. Insurance companies, in an effort to encourage vehicle security, provide premium discounts for cars equipped with security features. In response, OEMs integrate immobilizers and other advanced security systems as standard equipment to cater to consumer demands and expectations. This trend, driven by increasing global market interconnectivity, is observed across the automotive sector.

By Source, OEM  segment is expected to hold the largest market size for the year 2024.

The automotive immobilizer market has experienced substantial expansion due to the increasing demand for advanced vehicle security solutions. This growth is driven by regulatory bodies and automobile manufacturers prioritizing effective anti-theft measures. Implanting immobilizers is essential for preventing unauthorized access and operation of passenger vehicles. Insurance companies offer incentives in the form of discounts for vehicles equipped with these security features, thereby encouraging consumers to opt for models with integrated security systems. Immobilizer technology has evolved, integrating advanced features such as transponder keys, electronic codes, and biometric authentication.

APAC is forecasted to hold the largest market size by region in 2024.

In the APAC region, the automotive immobilizer market experiences substantial expansion, fueled by the region's thriving automotive industry and technological advancements. Major contributors to this market's growth include China, Japan, India, Indonesia, South Korea, Thailand, and Australia, with their high automobile sales volumes. The increasing demand for enhanced vehicle security further propels market growth, as the penetration rate for automotive immobilizers in the region's vehicle sales continues to rise. The rapid expansion of the automotive sector in APAC serves as a significant catalyst for the market's growth trajectory.

The Automotive Immobilizer Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Alps Alpine Co. Ltd.
  • BorgWarner Inc.
  • California Immobilizer Corp
  • Continental AG
  • Dynamco
  • HELLA GmbH and Co. KGaA
  • Mastergard Enterprises Inc.
  • NXP Semiconductors NV
  • PFK Electronics
  • Prodom Ltd.
  • Ravelco
  • Robert Bosch GmbH
  • STRATTEC SECURITY Corp.
  • Tokai Rika Co. Ltd.
  • ZF Friedrichshafen AG
  • Mitsubishi Electric Corp.
.

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Research Analysis Overview

The Automotive Immobilizer Market encompasses innovative security solutions designed to prevent vehicle theft. Key components of these systems include transponder chips, smart keys, and engine immobilization technology. Market challenges include system malfunctions, component costs, and the risk of replacement. Original Equipment Manufacturers (OEMs) offer immobilizer replacement services, but installation costs can be high. Technology advancements, such as vehicle access control and key fobs, offer market opportunities. R&D investment and government regulations play a significant role in market growth. Vehicle production continues to increase, necessitating effective vehicle theft prevention measures. Insurance discounts incentivize consumers to invest in immobilizer systems, making them an essential component of modern vehicles.

Market Research Overview

The Automotive Immobilizer Market encompasses the development, integration, and maintenance of advanced security measures for vehicle access control and theft prevention. Key components include immobilizer functionality through transponder chips and key fobs, engine immobilization, and anti-theft systems. Market adoption is driven by consumer confidence in security features, innovation strategies, and government regulations. Immobilizer integration and system malfunction are significant market challenges, requiring cost-efficient technology integration and R&D investment for security enhancement and risk mitigation. Market expansion opportunities lie in the development of smart technology, keyless entry systems, and advanced security measures. Industry regulations mandate strict adherence to automotive safety and security standards, ensuring the effectiveness of immobilizer systems and their integration with other vehicle components. OEM installation and immobilizer replacement are essential services, addressing component costs and system malfunction risks. Technology advancements, such as smart keys and insurance discounts, further boost market growth. Vehicle production and vehicle theft prevention are primary market applications, with ongoing market opportunities in vehicle access control and security solutions.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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