Growing At A CAGR Of Over 7%, Vehicle Security System Market Is Projected To Reach USD 10.82 Billion By 2024
Global Vehicle Security System Market is projected to reach USD 10.82 Billion by 2024, growing at a CAGR of over 7%. The growth of this market is fuelled by latest technological advancements, increasing vehicle production, increasing demand for immobilizers and remote keyless entry and growing awareness regarding vehicle safety. Based on technology, the market has been segmented into Positioning System, Real-Time Location System, System for Mobile Communication and Face Detection System. In 2018, in terms of value, the face detection system and global positioning system segments accounted for the largest market shares. In 2018, Asia-Pacific region dominated the vehicle security system market in terms of value with China being a key contributor to the growth of the vehicle security system market in the region. Years considered for this report: Historical Year : 2014 - 2017 Base Year : 2018 Estimated : 2019 Forecast : 2020 - 2024 Click here to download the brochure Objective of the ...