About Vehicle Alarm System
Vehicle Alarm System are used to provide some extra protection for vehicles. These systems include sensors, loud electronic alarm, keyless remote entry, trunk release, and panic alarm systems that works as anti-carjacking function. These systems are designed to respond to a variety of different security threats that can lead to vehicle theft or other vehicle crimes.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
In Vehicle Alarm System Market, it has been observed that most of the companies are upgrading or introducing innovative products. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share. Analyst at AMA Research estimates that United States and European Vendors will contribute the maximum growth to Global Vehicle Alarm System market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Pricol Ltd (India), Golden Security Technology Co., Ltd (China), Scorpion Automotive Ltd (United Kingdom), Delphi Technologies (United Kingdom), Continental AG (Germany), Lear Corporation (United States), TRW Automotive Holding Corporation (United States), Robert Bosch GmbH (United States) and Mitsubishi Electric Corporation (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Alps Electric Co., Ltd. (Japan), Hella GmbH & Co. KGaA (Germany), TOKAI RIKA CO., LTD. (Japan) and Valeo (France).
Segmentation Overview
AMA Research has segmented the market of Global Vehicle Alarm System market by Type (Active Vehicle Alarm System, Passive Vehicle Alarm System, Remote Start Vehicle Alarm System, GPS Based Vehicle Alarm System, Silent Vehicle Alarm System and Audible Vehicle Alarm System), Application (Passenger Cars and Commercial Vehicles) and Region.
On the basis of geography, the market of Vehicle Alarm System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement.
Market Growth Drivers:
Increasing Theft of Vehicles and Increasing Disposable Income of People
Restraints:
High Cost of Vehicle Alarm System and Potential Failure of Electronic Components Used in Vehicle Alarm Systems
Opportunities:
Growing Capacity Of Vehicle Production and Growing Technological Advancement in Vehicle Alarm System
In Mar 2021, Alarm.com announced a collaboration with vehicle's status and revealed many home automation capabilities. Through this collaboration, the company enhance vehicle telematics solutions with advanced features and become more competent in this industry.
Key Target Audience
Manufacturers of Vehicle Alarm System, Dealers and Distributors of Vehicle Alarm System, Raw Material Suppliers, Industry Associations, Investment Firms, Automotive Manufacturers, Equity Research Firms and Private Equity Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.