Car Security System Market Analysis
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Segmentation highlights
The global car security system is segmented on the basis of sales channel( OEM and Aftermarket), product type( immobilizer system, remote central locking system, alarm system and other systems) and car type( Economic cars, Mid-range cars and Premium cars).
On the basis of sales channel, the OEM market segment is expected to dominate globally, but market share of OEM and aftermarket sub-segment is changing from one country to the other. In regions where less cars are produced such as Middle East and Africa, aftermarket segment is a major market and is anticipated to continue to dominate the market in terms of value and volume over the forecast period. There is a strong demand in OEM segment in the regions such as North America, Western Europe and APEJ owing to increasing production of cars and establishment of new production plants. North America has the largest aftermarket share which is expected to decrease over the forecast period.
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