The vehicle security systems market is highly fragmented with a large number of multinational vendors and small regional players. Intense competition, advances in technology, and frequent changes in end-user preferences pose significant risks for vendors. Large organizations acquire small vendors for their technological capabilities and to increase their product portfolio.
Market competition is expected to intensify with an increase in product/service extensions, technological innovations, and M&A. Vendors with high technical and financial resources can develop advanced products, giving them a definite advantage in the market, and recover their R&D and commercialization costs. To remain competitive in the market, vendors need to keep abreast of emerging technologies that could affect their product lines.
Technavio analysts have identified the top 10 companies in the vehicle security systems market that are expected to help fuel market growth at a CAGR of 4.01 percent from 2014-2019:
Alps Electric
Alps Electric is a Japan-based company that manufactures and sells electronic components and audio equipment. The company operates in three segments: electronic components, audio, and logistics segment. The electronic component segment manufactures electronic components. The audio segment develops and manufactures automotive audio equipment and information communication equipment. The logistics segment integrates various logistics services such as delivery, storage, and forwarding services.
Continental
Continental is based in Germany and is an automotive industry supplier. The company’s chassis and safety segment develops and produces systems for the automotive industry. The powertrain segment integrates system solutions for the powertrain in vehicles across all categories. The interior segment offers solutions for information management. The tires segment offers tires for passenger cars, trucks, buses, construction vehicles, industrial vehicles, bicycles and motorcycles, while the ContiTech segment develops products from rubber and plastic, which are customized for a number of industries.
Delphi Automotive
Delphi Automotive is a vehicle components manufacturer. It also provides electrical and electronic, safety, powertrain, and thermal technology solutions to the global automotive and commercial vehicle markets. The company operates through four segments: electrical/electronic architecture, electronics and safety, powertrain systems, and thermal systems. The electrical/electronic architecture segment provides a complete design of a vehicle’s electrical architecture. Its electronics and safety segment provides critical components, systems, and advanced software for passenger safety, security, comfort, and infotainment. The powertrain systems segment provides integration of systems for full end-to-end gasoline management systems. The thermal systems segment provides powertrain cooling and HVAC systems, such as compressors, systems and controls, and heat exchangers for the vehicle markets.
Mitsubishi Electric
Mitsubishi Electric is develops, manufactures, and distributes a range of electrical and electronic equipment. The heavy electric machinery system segment offers turbine generators, power electronics equipment, electric motors, transformers, and switchgears. The industrial mechatronic segment offers programmable controllers, indicators, inverters, servo, and motors. The information communication system segment offers satellite and wireless communication equipment, surveillance camera systems, wired communication equipment, and others. The electronic device segment offers power modules and LCD devices. The household appliances segment offers LCD TVs, refrigerators, fans, and microwave ovens.
Bosch
Bosch is a global supplier of technology and services, and has a number of subsidiaries. It operates in four segments: automotive technology, industrial technology, consumer goods, and energy and building technology. The automotive technology segment offers gasoline systems, starter motors and generators, electrical drives, car multimedia, steering systems, automotive aftermarket products, and automotive electronics. The industrial technology segment provides control technology for power, actuator systems, and control for applications used in industrial automation, and commercial vehicles, as well as in renewable energy. The energy and building technology segment manufactures heating products, water heaters, floor-standing and wall-hung heating boilers, heat pumps, solar heating systems, cogeneration plants, and industrial boilers; security systems comprising video surveillance, intrusion detection, and fire detection systems, as well as access control, public address and evacuation systems, and professional audio and conference systems.
TRW Automotive
TRW Automotive is a global supplier of automotive systems and components to global automotive OEMs and related aftermarkets. The company operates in several segments: chassis systems, electronics, occupant safety systems, and automotive components. It designs and manufactures active and passive safety-related products.
Hella
HELLA supplies a range of innovative driver assistance systems to enhance driver comfort, convenience and safety. Our highest-selling product is the HELLA lane change assistant, which is based on 24-GHz radar sensors. It constantly monitors the area behind the car when passing or changing lanes, and warns the driver about vehicles approaching from the rear or in the next lane over. Another device that also uses 24-GHz radar sensors is our distance alarm unit, which alerts the driver when the car has less than the optimum following distance, but does not automatically intervene in the drive train. HELLA has also launched a triple-function camera that recognizes lane markings and traffic signs as well as supporting the adaptive/glare-free high beam function. The lane departure warning assistant moves the vehicle back to the center of the lane as soon as the driver gets too close to the lane markings.
Lear
Lear Corporation (NYSE: LEA) is one of the world’s leading suppliers of automotive seating and electrical distribution systems. Lear serves every major automaker in the world, and Lear content can be found on more than 300 vehicle nameplates. Lear’s world-class products are designed, engineered and manufactured by a diverse team of approximately 132,000 employees located in 34 countries. Lear currently ranks #177 on the Fortune 500. Lear’s headquarters are in Southfield, Michigan.
Tokai Rika
Tokai Rika Co., Ltd. is driven to innovate “Human Interface” technologies, which help cars communicate better with people. Our goal is for the car to feel like an extension of human sensations and impulses, enhancing the rapport between car and driver. These “Human Interface” technologies enable us to produce automobile control systems and components that accurately relay human commands, as well as security devices that prevent unauthorized entry and safety systems that protect human lives. We are proud to have taken part in building a rich car culture, and we continue to supply innovative systems with state-of-the-art technologies in the 21st century. Giving concrete shape to moving experiences – that is Tokai Rika’s mission.
Valeo
Valeo is an automotive supplier, partner to all automakers worldwide. As a technology company, Valeo proposes innovative products and systems that contribute to the reduction of CO2 emissions and to the development of intuitive driving.
In 2014, the Group generated sales of €12.7 billion and invested over 10% of its original equipment sales in research and development. Valeo has 133 production sites, 16 research centers, 34 development centers and 15 distribution platforms, and employs 78,500 people in 29 countries worldwide. Valeo is listed on the Paris Stock Exchange and is a member of the CAC 40 index.
