Market Share of Car Security Systems Industry
The market is majorly dominated by several key players, such as Robert Bosch GmbH, Continental AG, Hella GmbH & Co. KGaA, Tokairika Co. Ltd, and Alps Alpine Co. Ltd, among others. The companies are majorly investing in R&D projects and launching new car security technologies.
For instance, in March 2022, Tata Motors launched Altroz DCA (dual-clutch transmission) in India. The vehicle has an auto park lock smart safety feature that automatically engages the vehicle to avoid unwanted movement.
In June 2021, Hella GmbH introduced a digital car key, a smart car access system, which is based on ultra-wideband (UWB) technology. The digital, smartphone-based car key enables completely hands-free vehicle access.
In March 2021, Dodge introduced a new owner-customized 'double verification' security system for its charger and challenger muscle cars. The new security system provides four-digit secondary encryption and helps prevent auto theft. It also limits the vehicle's engine speed to idle (675 rpm).
In February 2021, Bosch Mobility Solutions and Microsoft partnered to create a 'software-defined vehicle' that comes with increased digitalization, connectivity, automation, and improved cybersecurity.
In January 2021, Alps Alpine jointly developed an automobile positioning system with Qualcomm Technologies Inc. to develop an enhanced in-vehicle camera sensing feature for increased security around the vehicle.
Car Security System Market Leaders
HELLA GmbH & Co. KGaA
Robert Bosch GmbH
ZF Friedrichshafen AG
BorgWarner Inc.
Continental AG
*Disclaimer: Major Players sorted in no particular order
