Remote Car Starter Global Market Report 2024

The remote car starter market size has grown strongly in recent years. It will grow from $1.83 billion in 2023 to $1.94 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth observed in the historic period can be attributed to factors such as consumer convenience, the desire for climate control, security concerns, and the popularity of aftermarket installations.

The remote car starter market size is expected to see strong growth in the next few years. It will grow to $2.4 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The anticipated growth in the forecast period can be attributed to factors such as integration with original equipment manufacturer (OEM) systems, smartphone connectivity, energy efficiency, customization options, and safety features. Major trends expected in the forecast period include the development of extended range technologies, integration with vehicle climate control systems, the adoption of voice-activated controls, enhancement of security features, and the integration of mobile app connectivity.

The growing demand for luxury and premium vehicles is anticipated to drive the expansion of the remote car starter market. Luxury and premium vehicles, known for their higher quality, advanced features, superior performance, and elevated levels of comfort, often incorporate remote car starters to offer owners added convenience. These systems enable users to remotely start the engine and precondition the cabin, ensuring a comfortable and inviting driving experience. For example, in January 2023, Rolls Royce, a UK-based luxury vehicle manufacturer, reported an increase in sales from 5,586 in 2021 to 6,021 in 2022. Additionally, the share of luxury vehicles in overall sales reached 18.2% in November 2022, up from 17.8% in October, according to Cox Automotive, a US-based automobile company. Hence, the rising demand for luxury and premium vehicles is a key driver for the remote car starter market.

The increasing adoption of smartphones is expected to further boost the remote car starter market. Smartphones, blending sophisticated computational power with mobile phone features, enhance remote car starters by enabling control through voice commands. This integration adds a layer of convenience and facilitates hands-free operation. As of February 2023, the UK witnessed a surge in mobile connections to 71.8 million, marking a 3.8% increase (around 2.6 million) compared to 2021, according to Uswitch Limited, a UK-based financial conduct authority. The projection indicates that around 95% of the expected UK population of 68.3 million by 2025 (approximately 65 million individuals) will own smartphones. Consequently, the growing adoption of smartphones is a significant factor propelling the remote car starter market's growth.

Security concerns related to remote car starters pose a significant obstacle to the growth of the market during the forecast period. Individuals considering the installation of remote starters in their vehicles often worry about potential security risks. There is a fear that remote car starters could be vulnerable to hacking, allowing unauthorized individuals to monitor, control, or even hijack vehicles. In January 2023, a team of seven security researchers discovered vulnerabilities in automobiles from 16 different manufacturers, highlighting weaknesses that could be exploited to manipulate car operations, including starting or halting the engine. These security concerns act as a deterrent, limiting the demand for remote car starters and, consequently, impacting the market's growth.

Major companies in the market are focusing on technological advancements and innovations in remote car starters. Ultra-wideband (UWB) technology, a wireless communication method that utilizes extremely wide bandwidths, is being employed in remote car starters to ensure precise and secure keyless entry and ignition systems. This helps enhance vehicle security and user convenience. For example, in January 2021, BMW introduced the BMW Digital Key Plus, a secure and convenient way to unlock and start a car using ultra-wideband (UWB) technology. The UWB technology, integrated into the iPhone's U1 chip, automatically recognizes the device's distance from the vehicle, initiating actions such as turning on the car's lights and unlocking the doors before reaching the handle.

In August 2021, Faurecia acquired Hella for approximately $5.68 billion. This strategic acquisition allows Faurecia to enhance its capabilities, meet evolving product demands, and create a more profitable business through increased operational efficiencies. Hella, a Germany-based manufacturing company, offers automotive products and systems, including remote car starters.

Major companies operating in the remote car starter market report are Mitsubishi Corporation, ZF Friedrichshafen AG, Denso Corporation, Honeywell International Inc., Faurecia SE and HELLA GmbH & Co. KGaA, Ericsson International Services B.V., Tyco International PLC, BorgWarner Inc., Alps Electric, Microchip Technology Inc., Tokai Rika Co. Ltd., Digitec Galaxus AG, Voxx International Corp., VOXX DEI LLC., Spectra Premium, Metra Electronics Corporation, MyCar, Clarion, Start-X, Firstech LLC, Fortin Electronic Systems, Climax, ProStart, Valet Pro Limited, Omega Web Link, iDatastart, WarmCarNow.

North America was the largest region in the remote car starter market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the remote car starter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the remote car starter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A remote car starter is a device that enables the initiation of a vehicle's engine from a distance, typically using a remote control or a smartphone app. This functionality allows the driver to pre-heat or pre-cool the vehicle before entering, creating a more comfortable interior environment. Particularly beneficial in areas with extreme weather conditions, a remote car starter allows the driver to adjust the temperature inside the vehicle before getting in.

The primary types of remote car starters include one-way remote starters, two-way remote starters, and one-button remote starters. A one-way remote starter allows users to start their vehicle's engine remotely using a remote control or key fob. Technologies involved in these systems include radiofrequency (RF) and smartphone app-based systems. These remote car starters are applicable to various types of vehicles, including passenger cars, light commercial vehicles, and heavy commercial vehicles. They are sold through various sales channels such as the original equipment market (OEM) and the aftermarket, catering to end-users such as individual consumers, fleet owners, and commercial vehicle operators.

The remote car starter market research report is one of a series of new reports that provides remote car starter market statistics, including remote car starter industry global market size, regional shares, competitors with a remote car starter market share, detailed remote car starter market segments, market trends, and opportunities, and any further data you may need to thrive in the remote car starter industry. This remote car starter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The remote car starter market consists of sales of remote starter systems such as key fobs, control modules, wirings, and accessories. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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