Global Automotive Smart Security Device Market Overview:
Automotive smart security devices are systems or sensors integrated with the IoT and AI for providing smart security in the various types of automotive. There are several automotive smart security devices such as immobilizer, sound alarm, central locking shock sensor and others to provides smart safety to the vehicle. The smart automotive device like a sound alarm or messaging application provides vehicle information such as time, position, and alarms to the owner of the vehicle for alerting and warning. Some of the players profiled in the study are Penta Security Systems Inc. (South Korea), Robert Bosch GmbH (Germany), Lear Corporation (United States), Continental AG (Germany), Thales Group (France), Cisco Systems, Inc. (United States), Texas Instruments Incorporated (United States) and NXP Semiconductors N.V. (Netherlands).
On the basis of geography, the market of Automotive Smart Security Device has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Automotive Smart Security Device market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Connectivity, the sub-segment i.e. IoT will boost the Automotive Smart Security Device market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Growin Demand for Safety and Security in the Automotives
- Demand for the Smart Technology in Automotive in Case of Vandalism or Attempted Theft or Any Other Mishappening
- Integration of IoT ad Artificial Intelligence in Automotive Smart Security Device
- Data Privacy Related Problems with Automotive Smart Security Device
- Continuous Technology Advancements in the Automotive Smart Security Device
- Surging Demand for the Automotive Smart Security Device Among Developed Nations
- Complexity and Upgradability Related Concerns with Operation of Automotive Smart Security Device
Key Market Developments:
On 20th October 2020, NXP Extends its Secure Ultra-Wideband Portfolio with New Sensing Solutions that Enable Emerging IoT Use Cases. New IoT ICs deliver highly precise positioning capabilities and fine-ranging for IoT applications such as smart locks and IoT sensors. UWB IoT modules and development kits are available now through NXP’s partner network. Introducing TrimensionTM under the new brand name NXP offers one of the broadest UWB portfolios available with tailored sensing solutions for vehicles, smartphones, and IoT devices.
"The United Nations Economic Commission for Europe (UNECE) is working on regulations to improve automotive cybersecurity and software update management. The WP.29 regulations will require manufacturers to implement measures in four areas: Managing vehicle cyber risks, Securing vehicles by design to mitigate risks along the value chain, Detecting and responding to security incidents across vehicle fleet, Providing secure software updates, and ensuring vehicle safety is not compromised. In the European Union, the regulations on automotive cybersecurity will be mandatory for all new vehicles produced from July 2024. Japan and Korea have also agreed to implement the regulations according to their own timeline. They do not apply to North American automakers."
Automotive Smart Security Device Manufacturers, Automotive Smart Security Device International Traders, Automotive Smart Security Device Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Automotive Smart Security Device market on the basis of product [Sound Alarm, Immobilizer, Central Locking, Shock Sensor and Others] , application [Passenger Car, Commercial Vehicles and Off-Highway Vehicles], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Automotive Smart Security Device market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Automotive Smart Security Device industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Automotive Smart Security Device market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.