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Global Passenger Car Security Systems Market Value to Increase by $ 678.81 Million During 2021-2025 | 85% Growth to Originate from APAC


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NEW YORK, March 8, 2021 /PRNewswire/ The global passenger car security systems market is set to grow by
USD 678.81 million during 2020-2024. Technavio segments the passenger car security systems market by
product (immobilizer, central lock system, alarm system, and RKE and others) and geography (APAC, North America, Europe, South America, and MEA). The report identifies the increase in car thefts as one of the major factors propelling the market growth.
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Passenger Car Security Systems Market by Product and Geography - Forecast and Analysis 2021-2025
Over the years, the number of car thefts has grown exponentially across the world. For instance, in 2019, more than 100,000 cars were stolen in the UK. Hence, to prevent such car theft instances, governments worldwide are introducing auto theft prevention regulations. This is compelling automakers to introduce vehicles with pre-installe ....

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