Car Security System Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Car Security System Market in 2025 is assessed at USD 9.35 billion. The global Market size was over USD 8.95 billion in 2024 and is anticipated to witness a CAGR of around 5.6%, crossing USD 18.17 billion revenue by 2037. North America is expected to generate largest share by 2037, driven by increasing disposable income and demand for luxury cars with advanced security systems.
The growth of the market is primarily attributed to the increasing motor vehicle production around the globe. Additionally, the growing use of electric vehicles should soon raise demand for autonomous car security systems. According to the International Organization of Motor Vehicle Manufacturers (OICA), motor vehicle production rose globally from 583,74,162 units in 2000 to 917,86,861 vehicles in the year 2019.
Car security systems are essential tools for preventing theft and keeping the vehicle protected from unauthorized individuals. In addition, car security systems have significantly reduced car thefts worldwide due to their security features such as sound alarms, shock sensors, central locking, and immobilizers. Several advanced car security systems are available on the car security system market today that are making vehicles safer than ever. These include the Avital 5103 and Eclipse 360-degree vehicle surveillance security systems. The installation of a car security system can be accomplished in almost all types of vehicles, including low-passenger cars, heavy vehicles, and light vehicles. Moreover, increasing awareness about the benefits of security systems, technologically advanced automotive electronics, and automatic operating functions have boosted the popularity of security system installations in cars, and the rapid growth in the urban population is anticipated to drive the car security system market growth during the forecast period. According to World Bank data, 57% of the global population is designated as an urban population which is equal to nearly 4.5 million individuals. This number is expected to double shortly after 7 out of 10 people live in urban settlements.
Car Security System Sector: Growth Drivers and Challenges
Growth Drivers
- Globally Increasing Number of Car Thefts - It was observed that more than 800,400 vehicles were stolen in the year 2020 which accounted for nearly USD 7.3 billion of total vehicle thefts. Moreover, vehicle thefts increased by 11% from the previous year. Installation of a car security system in almost every car to keep it safe from thieves and crime is anticipated to drive car security system market growth. Increasing car thefts in developed countries along with government and insurance companies in many countries such as Brazil and Indonesia are promoting car security systems and forcing automakers to install these security features as a standard feature in new cars to avoid crime and car thefts.
- Rapid Growth and Expansion of the Automobile Industry- For instance, over 22,930,200 units of vehicles were produced by the automobile industry from April 2021 to March 2022, comprising passenger cars, and commercial vehicles, a significant increase from 22,600,600 vehicles in March 2021.
- Rise In Personal Disposable Income - According to the Bureau of Economic Analysis, in July 2022, personal income grew by USD 47.0 billion (0.2%), and disposable personal income rose to USD 37.6 billion (0.2%).
- Introduction Advanced Car Security Systems by Key Manufacturers- For instance, in September 2020, a renowned company announced URBAN GUARD Vehicle Protection Plus and URBAN GUARD Vehicle Protection, which provides all-around monitoring of cars. This system protects against crime and can be connected with an app.
- Huge Number of Uninsured Vehicles - It was observed that as of March 2019 more than 230 million vehicles run on the road in India among them 56% of vehicles were accounted as not insured.
Challenges
- High Cost of Premium Safety Systems - An advanced vehicle security system with such a larger number and wider spectrum of sensors, an advanced computer control scheme, a greater range of success, and options such as a camera or a virtual ignition starter, or the competence to disable the ignition starter or cut off the gas supply if a hacker is detected, is typically priced between $300 and 850 or more.
- Recent Failures of Car Security Systems to Prevent Thefts
- Higher Installation Cost
Car Security System Market: Key Insights
| Report Attribute | Details |
|---|---|
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
5.6% |
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Base Year Market Size (2024) |
USD 8.95 billion |
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Forecast Year Market Size (2037) |
USD 18.17 billion |
|
Regional Scope |
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Car Security System Segmentation
Vehicle Type (Passenger Car, Light Commercial Vehicle, Premium Cars)
Passenger car segment in car security system market is poised to capture substantial revenue share by the end of 2037, owing to the increasing sales of passenger cars along with the rapid expansion of the passenger car market. For instance, the passenger car market in India is considered for USD 32 billion in the year 2021 and is estimated to garner revenue of USD 54 billion by the end of 2027 growing at a CAGR of over 8%. Furthermore, the growing number of passenger cars being stolen per year, and higher purchasing of passenger cars with security systems are anticipated to augment segment growth.
Our in-depth analysis of the global car security system market includes the following segments:
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By Vehicle Type |
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By Sales Channel |
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By Product Type |
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By Technology |
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Vishnu Nair
Head - Global Business DevelopmentCustomize this report to your requirements — connect with our consultant for personalized insights and options.
Car Security System Industry - Regional Synopsis
North America Market Forecast
In car security system market, North America region is anticipated to account for lucrative revenue share by 2037. It was observed that in the United States, a luxury car manufacturer reported 2021 sales of more than 330,600 vehicles in 2021. Moreover, the increasing disposable income, a growing desire to buy high-maintenance security cars along with rapid manufacturing of luxury cars with innovative and technologically advanced security systems are anticipated to drive the regional car security system market growth
Companies Dominating the Car Security System Landscape
- Qualcomm Technologies, Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Mitsubishi Electric Corporation
- Continental A.G.
- Delphi Automotive LLP
- Hella KGaA Hueak & Co.
- Tokai Rika Co Ltd.
- Robert Bosch GmbH
- Denso Corporation
- Strattec Security Corporation
- Witte Automotive
Recent Developments
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Qualcomm Technologies, Inc. and Alps Alpine Co., Ltd. announced the launch of ViewPose, a new camera-based sensing and positioning device, which supports virtual vehicle positioning in all environments.
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Mitsubishi Electric Corporation announced ClariSense integrated Internet of Things (IoT) technology, to be utilized for accelerated development of IoT systems construction inside the company.
- Report ID: 392
- Published Date: May 08, 2025
- Report Format: PDF, PPT
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