Automotive Parental Control System Market Analysis & Forecast with 2020

Automotive Parental Control System: Introduction

Rising demand for safety among consumers is propelling the global automotive parental control system market. The parental control system in a vehicle is a combination of several technologies installed the vehicle. Parent control can be a software-based application, or a service, offered by the parent control system service provider. Software-based systems only perform limited operations, such as Car-Mode or Driving-Mode, while a service provider can offer additional services including Car-Mode/ Driving-Mode.

Key Drivers of Automotive Parental Control System Market

Stringent regulations pertaining to vehicle safety are expected to propel the global automotive parental control system market. According to WHO, globally, 93% of the world's fatalities on the roads occur in low- and middle-income countries and among these accidents, the probability of fatality increases by almost 3 times if a teenager is in charge of driving. Under the guidance of parent control systems (PCS), teenagers who had PCS installed in their vehicles have been found to be more vigilant about safer driving than their non-PCS counterparts. Therefore, it is mandatory to install the parent control system if a teenager is learning to drive for the safety of vehicle passengers and pedestrians. This, in turn, is propelling the global automotive parental control system market.
According to Governors Highway Association of the U.S., over-speeding was found to be a defining factor in 33% of fatal teenager-involved car crashes. However, this was observed to decline significantly with the increase in installments of PCS. In addition to control over driving boundaries and exclusions, parent control systems help reduce numerous instances of speeding, which in turn, reduces the probability of vehicle crashes.
Advancements in vehicle safety technologies are expected to drive the global automotive parental control system market. For instance, Hyundai Motors has developed fingerprint technology to unlock and start the vehicle engine. A vehicle owner can setup a fingerprint for unlocking and engine start and prevent a minor from accidently turning on the vehicle engine. Additionally, other vehicle owners can install similar biometric systems to establish parent controls.

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North America and Europe combined to account for major share of global automotive parental control system market

In terms of region, the global automotive parental control system market can be segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America and Europe, cumulatively, are expected to account for a major share of the global automotive parental control system market.
High disposable income of the population and openness toward new technologies in these regions are propelling the automotive parental control system market. Rise in awareness about advantages of parental controls among consumers in countries across North America and Europe is further propelling the global automotive parental control system market in these regions.

Key Players Operating in Automotive Parental Control System Market

The global inland waterways vessels market is highly concentrated due to the presence of top manufacturers. A few key players operating in the global inland waterways vessels market are:

Atoll Ordenadores
Audiovox
Davis Instruments
Eissmann Group Automotive
Ford Motor Corporation
Gannet Guard Systems
GM
Infiniti
Mopar Connect
Orscheln
Panorama Automotive Industries Pvt. Ltd
Sakae Riken Kogyo Co
SILATECH S.r.l.
Volkswagen

Global Automotive Parental Control System Market: Research Scope

Global Automotive Parental Control System Market, by Vehicles

Passenger Vehicles

Mini Vehicles
Hatchback
Sedan
Luxury Vehicles

Commercial Vehicles

Light Commercial Vehicles
Heavy Commercial Vehicles

Global Automotive Parental Control System Market, by Operation

Manual
Automatic

Global Automotive Parental Control System Market, by Deployment

Software
Hardware

Global Automotive Parental Control System Market, by Region

North America

U.S.
Canada

Europe

Germany
France
U.K.
Italy
Spain
Rest of Europe

Asia Pacific

China
Japan
India
ASEAN
Rest of Asia Pacific

Latin America

Brazil
Mexico
Rest of Latin America

Middle East & Africa

GCC
South Africa
Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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Customer Experience Maps
Insights and Tools based on data-driven research
Actionable Results to meet all the business priorities
Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

North America
Asia Pacific
Europe
Latin America
The Middle East and Africa

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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?