Global Vehicle Security Market size to reach US$ 16.50 billion by 2032

/EIN News/ -- Burlingame, CA, April 08, 2025 (GLOBE NEWSWIRE) -- Global Vehicle Security Market size to reach US$ 16.50 billion by 2032

In terms of value, The Global Vehicle Security Market size was valued at USD 10.83 billion in 2025, is on a trajectory of rapid expansion, with projections indicating it will soar to USD 16.50 billion by 2032, growing at a CAGR of 6.2% from 2025 to 2032, as per a recent report by Coherent Market Insights.

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Global Vehicle Security Market Key Takeaways

• Based on type, the immobilizer segment is poised to reach at a valuation of USD 3.42 billion in 2025.

• By application, passenger vehicles segment is projected to hold USD 7.295 billion in 2025.

• As per Coherent Market Insights, North America is projected to reach at a total of US$ 3.83 billion in 2025. On the hand, Asia Pacific is poised to hold a valuation of USD 2.90 billion in 2035.

Growing Theft and Security Concerns Fuels Market Growth

The global vehicle security market is experiencing promising growth owing to growing concerns about vehicle theft and rising demand for advanced safety features. Moreover, rising adoption of advanced driver-assistance system that offers high protection against unauthorized access and theft. Adoption of advanced technologies such as biometric access system, GPS tracking, and remote immobilization will fuel demand further. In addition, rising vehicle automation and development of connected car technologies will drive demand. Growing rate of high value vehicles on road and rise of organized vehicle theft will lead to increased demand for security system.

High Investment Cost Limiting Market Growth

Despite of all the challenges, the global vehicle security market faces various challenges that limits market expansion. The major restraint is high cost associated with advanced security technologies that acts as a barrier for various vehicle owners in emerging economies. The high cost associated with the investment of installation of advanced security system including GPS tracking, biometrics access controls, and encrypted key fobs. Moreover, complexity of integrating new security systems with existing vehicle infrastructure will create challenges for end-user and manufacturers.

Vehicle Security Market Report Coverage

Report Coverage	Details
Market Revenue in 2025	$10.83 billion
Estimated Value by 2032	$16.50 billion
Growth Rate	Poised to grow at a CAGR of 6.2%
Historical Data	2020 To 2024
Forecast Period	2025 To 2032
Forecast Units	Value (USD Million/Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Type, By Application
Geographies Covered	North America, Europe, Asia Pacific, and Rest of World
Growth Drivers	• Increasing vehicle theft rates • Advancements in automotive electronics
Restraints & Challenges	• High costs of advanced security systems • Potential technical failures leading to vehicle lockouts

Opportunities for Growth

The global vehicle security market also offers a lot of opportunities fuel by growth of electric vehicles and autonomous vehicles. These requires enhanced security solutions due to their high-tech features and increased connectivity. Growing adoption of EVs and AVs as on rise, the demand for reliable and secure systems to protect vehicles from cyber threat, unauthorized hacking, and hacking will also rise. Moreover, rising demand for fleet management services along with the need to protect fleets of vehicles from vandalism and theft.

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Emerging Vehicle Security Market Trends

The major trends is rise in biometric security system including fingerprint and facial recognition, these system provides highly personalized and secure access to vehicles.

Another trend is growing usage of connected vehicles security system, in this car owners can monitor and control vehicle security features remotely with the help of their smartphones.

Shift towards integrating multi-layered security system that offers the combination of physical and digital protection. This ensures that the vehicles are safeguarded against wide range of potential threats.

Analyst’s View

“The global vehicle security market is witnessing a significant transformation, owing to technological advancement and increasing concerns over vehicle theft and cyber security. As the automotive landscape evolves with the electric, connected, autonomous vehicles, the demand for advanced and multi-faceted security system continues to grow”, says lead CMI analyst Gautam Mahajan.

Competitor Insights

Key companies in the global Vehicle Security Market include:

• Continental AG
• Delphi Automotive
• Denso Corporation
• Hells Kgaa Hueck & Co.
• Lear Corporation
• Mitsubishi Electric Corporation
• Robert Bosch GmbH
• Tokai Rika Co. Ltd.
• Valeo SA
• ZF TRW Automotive Holdings Corporation
• Gentex Corporation
• Visteon Corporation
• Johnson Electric Holdings Limited
• Aptiv PLC
• NXP Semiconductors
  

Key Developments

In February 2025, Autel North America introduced company’s tablet that is certified to access Mercedes-Benz vehicle Security Gateway.

In January 2025, U.S. President Joe Biden announced measures amid to protect the United States from national security risks linked to the exploitation.

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Market Segmentation

Type Insights (Revenue, USD Bn, 2020 - 2032)

• Immobilizers
• Alarm Systems
• Remote Keyless Entry
• Passive Keyless Entry
• Central Locking Systems
  

Application Insights (Revenue, USD Bn, 2020 - 2032)

• Passenger Vehicles
• Commercial Vehicles

Regional Insights (Revenue, USD Bn, 2020 - 2032)

• North America
  • U.S.
  • Canada
• Latin America
  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America
• Europe
  • Germany
  • U.K.
  • Spain
  • France
  • Italy
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
• Middle East
  • GCC Countries
  • Israel
  • Rest of Middle East
• Africa
  • South Africa
  • North Africa
  • Central Africa

Related Reports:

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The Global Electric Vehicle Market is expected to be valued at USD 427.02 billion in 2025 and reach USD 713.07 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.6% from 2025 to 2032.

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