Pharmaceutical solvents Market to Reach US$ 4.1 Bn in Revenues by 202 Car Security System Market | Page 4

Car Security System Market Analysis
Global Car Security System Market Revenue Expected to Increase at a CAGR of
6.0% over 2016–2026
Future Market Insights delivers key insights on the global car security system market in a
new publication titled “Car Security System Market: Global Industry Analysis and
Opportunity Assessment, 2016 – 2026”. Global sales of car security systems is estimated
to be valued at US$ 6,787.3 Mn by the end of 2016, witnessing a Y-o-Y growth of 4.8%
over 2015. North America is estimated to account for a value share of 30.0% in the global
car security system market by 2016 end but Asia Pacific excluding Japan (APEJ) is
anticipated to gain a higher growth rate throughout the forecast period. In this report,
Future Market Insights analyses the factors and trends impacting the growth and
performance of the global car security system market.
Increasing sales of new vehicles, along with rising awareness among car owners and a
robust aftermarket growth are bolstering the global car security system market.
Automobile manufacturers are increasing the deployment of security systems in new
vehicles to stand out in competition. Furthermore, increasing adoption of telematics
across the globe is enabling easy car monitoring techniques and comfort to car owners
with enhancement in car security. However high cost of product and high installation
charges are limiting OEM and aftermarket opportunities.
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