The Vehicle Anti-Theft System Market research report starts with a presentation of the market which will support readers and key players to comprehend the extent of the market and what qualities it offers, and how it will satisfies customer’s necessities. The investigation covers an immense zone of data including an outline, far reaching examination, definitions, arrangements, applications, and master assessments. This report assumes a huge job in the market development by posting creating patterns and most recent advances. Further area clarifies assembling cost structure, SWOT analysis by major topographical areas just as item types and applications.
Global Vehicle Anti-Theft System Market By Vehicle Type (PV; CV; Off-Highway Vehicle); Product (Alarm; Immobilizer; Steering Lock; Passive Keyless Entry; Central Locking System; Biometric Capture Device); Technology (GPS; GSM; Face Detection System; RTLS; Automotive Biometric Technology; Remote Frequency Identification Device); System (Active; Passive); Application (Prototyping & Tooling; Research, Development & Innovation; Manufacturing Complex Components; Others); Geography (North America; South America; Europe; Asia-Pacific; Middle East and Africa) – Industry Trends and Forecast to 2026
Global vehicle anti-theft system market is expected to rise to an estimated value of USD 16.38 billion by 2026, registering a substantial CAGR of 7.36% in the forecast period of 2019-2026. This rise in market value can be attributed to the modernization and advancements of the products and services in the industry and achieving a better mind-set of safety and protection of vehicles with the usage of these systems.
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Market Definition: Global Vehicle Anti-Theft System Market
Vehicle anti-theft systems are the application of certain technologies along with electrical components that are installed in vehicles to reduce the chances of the vehicle being stolen. They restrict the unauthorized access of vehicle. The growing advancements and modernization has resulted in developments of innovative products for anti-theft such as biometric identification, motion sensors, visual detection and others.
Global vehicle anti-theft system market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of vehicle anti-theft system market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the vehicle anti-theft system market are TOKAIRIKA,CO, LTD.; Johnson Electric Holdings Limited; Robert Bosch GmbH; Continental AG; ZF Friedrichshafen AG; U-Shin Ltd.; Lear Corporation; Mitsubishi Electric Corporation; Tesla; Delphi Technologies; VOXX International Corp.; DENSO CORPORATION; Recoveri Tag Whats Yours; OMRON Corporation; HELLA GmbH & Co. KGaA and Valeo.
Key Developments in the Market:
- In November 2018, Tesla announced the launch of “Enhanced Anti-theft” package as an aftermarket product for their Model S and Model X. This package includes a motion sensor which detects the movement of the vehicle and even detects any kind of movements in the interior of the vehicle, triggering an alarm if detected. Increased levels of thefts of Tesla vehicles have resulted in the company taking steps to reduce the chances of their vehicles being stolen.
- In October 2018, Recoveri Tag Whats Yours announced the launch of their “Microdot” technology for the Indian market. The technology involves etching small dots with the help of lasers over the entirety of vehicle that contain a specific PAN (Personal Identification Number) number which is linked with the vehicle’s VIN (Vehicle Identification Number). This helps in authorities to detect the real owner and correct information of the vehicle under an UV light. This will help in certain methods and steps provided to the authorities and consumers for helping reduce the chances of vehicles being stolen.
- Rising incidences of vehicle theft resulting in government posing regulations for the safety of vehicles; this factor is expected to drive the growth of the market
- Various benefits such as authentication of the owner of the vehicle before the vehicle can be mobilized, real-time notifications, alarm triggering associated with the adoption of these systems are factors driving the growth of the market
- Rising awareness for these systems amid significant rise in the thefts of the vehicles; this factor is expected to drive the market growth
- Large costs associated with the products in vehicle anti-theft systems is expected to restrain the growth of the market
- Certain complications and incidences of faults in electronic devices installed in vehicles is also expected to restrain the growth of the market
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Segmentation: Global Vehicle Anti-Theft System Market
By Vehicle Type
- Passenger Vehicles (PV)
- Commercial Vehicles (CV)
- Off-Highway Vehicle
- Construction Vehicles
- Steering Lock
- Passive Keyless Entry
- Central Locking System
- Biometric Capture Device
- Global Positioning System (GPS)
- Global System for Communication (GSM)
- Face Detection System
- Real-Time Location System (RTLS)
- Automotive Biometric Technology
- Remote Frequency Identification Device
- Active Anti-Theft System
- Passive Anti-Theft System
- By Application
- Prototyping & Tooling
- Research, Development & Innovation
- Manufacturing Complex Components
- North America
- South America
- Middle East & Africa
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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