Pharmaceutical solvents Market to Reach US$ 4.1 Bn in Revenues by 202 Car Security System Market | Página 7

Car Security System Market Analysis
Others segment is expected to register the highest CAGR in market whereas remote
central locking system will continue to dominate in aftermarket and OEM market.
Immobilizers are mostly sold in OEM market owing to their large penetration in all
the car types.
Regional projections
The global car security system market is segmented into the seven key regions of
North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and
Middle East & Africa (MEA)). North America is the largest market for car security
systems owing to a large aftermarket and higher cost of products. APEJ will dominate
the market by 2018 and will continue to increase its share in the future. Japan’s
recent downfall in the realm of car production has affected the regional market, but
increasing vehicle fleet and increasing car exports will increase Japanese market with
a CAGR of 3% over the forecast period.
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