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An automotive immobilizer is an electronic anti-theft system that is fitted in the ECU of the vehicle for the security purpose. This technology prevents the engine from functioning unless the appropriate key is inserted. The automotive key fob has two types, namely a digital coded key, or a smart key which is inserted with an RFID transponder that sends signals to the immobilizer control unit. The automotive immobilizer is an electronic chip embedded into the electronic control unit of the automobile. This chip activates the fuel and ignition system only when the appropriate key code matches with the immobilizer of the vehicle. The automotive immobilizer also integrates data transmission for the passive start system, remote keyless entry system, and tire pressure monitoring system into a single receiver control unit. This technology is specifically used to reduce the theft and for security of the vehicles. Globally, the vehicle theft has always been a major concern among the people. The government is imposing regulations on the automotive manufacturing companies to install immobilizers in vehicles to prevent and curb the theft of the vehicles. Also the government of some countries have implemented rules that mandate immobilizers for all the new vehicles. The increase in the sale and production of vehicles having enhanced protection system is expected to leverage the growth of automotive immobilizer technology market during the forecast period. Moreover, the integration of data transmission into a single receiver control unit decreases the space and cost of the system, thus up surging the demand for automotive immobilizers in the market.
Globally, the rising concerns of vehicle theft is driving the growth of the automotive immobilizer market. Also, the government is imposing stringent regulations and making it mandatory for all the automotive manufacturing companies to integrate automotive immobilizer system in not only luxury cars but also in entry level and mid-sized vehicles too. The fear of malfunctioning of the immobilizer system may hinder the growth of the automotive immobilizer market.
Key Market Driver -
Rising vehicle theft is expected to drive growth of the automotive immobilizer market during the forecast period.
Key Market Restraint -
Fear of malfunctioning of the system may hinder the growth of the automotive immobilizer market during the forecast period.
Globally, the automotive immobilizer technology market is segmented by market type, by vehicle, and by geographic coverage. The market type is further segmented into original equipment manufacturers (OEM) and aftermarket. The original equipment manufacturers (OEM) holds the largest share of the global automotive immobilizers market and is expected to maintain its dominance during the forecast period. The automotive OEMs are manufacturing automobiles that are integrated with the immobilizers. Moreover, the stringent government regulations imposed on the manufacturing companies that mandate immobilizers in all types of vehicles is also fuelling the growth of the automotive immobilizer market. By vehicle type, the segment is further bifurcated into passenger cars, light commercial vehicles and heavy commercial vehicles. The passenger car segment holds the maximum share of the global automotive immobilizers market and is expected to rise in the forecast period. The increasing number of sales and production of passenger cars with integrated immobilizers is fuelling the growth of the market across the globe. Also, the rising vehicle theft concerns among the manufacturers and customers are surging the demand for immobilizers in vehicles.
Major players operating in the global automotive immobilizer technology market include Robert Bosch GmbH, Continental AG, Delphi Technologies, ZF Friedrichshafen AG, Hella GmbH & Co. KGaA, Mitsubishi Electric Corporation, and Alps Alpine Co., LTD. among others.
Geographically, the automotive immobilizer technology market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia Pacific is expected to dominate the automotive immobilizer market in the forecast period. The presence of developing economies such as India, China, and Japan which have the maximum number of sales volume of vehicles. The manufacturing companies in this region are working towards developing safety protection system in vehicles. Also, the increasing demand for high security and rising theft of vehicles is also propelling the growth of immobilizers market in this region. Europe is also showing an exponential growth in the automotive immobilizer market owing to the stringent government norms to reduce the theft of vehicles and mandate the integration of immobilizers in every vehicle is leading to the growth of the market in this region. Germany, was the first country to adopt and imply immobilizers in automobiles. Also, the OEMs are investing heavily to innovate and develop enhanced safety and security system in vehicles.
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