Global Vehicle Anti-Theft System Market, By Product Type (Alarm, Immobilizer, Steering Lock, Passive Keyless Entry, Central Locking System, Biometric Capture Device), Technology (Global Positioning System, Global System for Mobile Communication, Face Detection System, Real-Time Location System, Automotive Biometric Technology, Remote Frequency Identification Device), System (Active Anti-Theft System, Passive Anti-Theft System), Application (Prototyping and Tooling, Manufacturing Complex Components Research, Development and Innovation, Others), Vehicle Type (Passenger Car, Commercial Vehicle, Off-Highway Vehicle), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Vehicle Anti-Theft System Market Analysis and Insights : Global Vehicle Anti-Theft System Market
The vehicle anti-theft system market size is valued at USD 19.05 billion by 2028 and is expected to grow at a compound annual growth rate of 7.86% over the forecast period of 2021 to 2028. Data Bridge Market Research report on vehicle anti-theft system market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Vehicle anti-theft systems are generally installed on vehicles, so as to avoid unauthorized approach, ensure safety and security and also to prevent incidences of theft.
The vehicle anti-theft system market has a huge potential and is expected grow over the forecast period of 2021 to 2028, owing to the rapid technological advancements in the anti-theft industry. In addition, the increase in the safety regulations because of the high incidence of vehicle theft and the multi-factor authentication for vehicle safety are also largely influencing the growth of the vehicle anti-theft system market. Also the growth in research and development activities to develop vehicle anti-theft system technologies which combine luxury with safety is another driver anticipated to flourish the vehicle anti-theft system market growth. Additionally, the high instances of theft especially in parking lots and rise in number of vehicles of different kinds and increase in the awareness about vehicle anti-theft devices are also expected to boost the growth of the vehicle anti-theft system market in the above mentioned forecast period.
However, the market of vehicle anti-theft system though has certain limitations which are expected to obstruct the potential growth of the market such as the high cost of premium safety and anti-theft features and failure of electronic components used in vehicle anti-theft systems, whereas the rise in cyber security risk can challenge the growth of the vehicle anti-theft system market in the above mentioned forecast period.
In addition, the rapid increase in the bluetooth and NFC-based technologies and rapid rise of biometric technology are projected to offer various growth opportunities for the vehicle anti-theft system market in the forecast period of 2021 to 2028.
This vehicle anti-theft system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the vehicle anti-theft system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Vehicle Anti-Theft System Market Scope and Market Size
The vehicle anti-theft system market is segmented on the basis of product type, technology, system, application and vehicle type. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- The vehicle anti-theft system market is segmented on the basis of product type into alarm, immobilizer, steering lock, passive keyless entry, central locking system and biometric capture device.
- Based on technology, the vehicle anti-theft system market is segmented into global positioning system, global system for mobile communication, face detection system, real-time location system, automotive biometric technology and remote frequency identification device.
- On the basis of system, the vehicle anti-theft system market is segmented into active anti-theft system and passive anti-theft system.
- Based on application, the vehicle anti-theft system market is segmented into prototyping and tooling, manufacturing complex components research, development and innovation and others.
- Based on vehicle type, the vehicle anti-theft system market is segmented into passenger car, commercial vehicle and off-highway vehicle.
Vehicle Anti-Theft System Market Country Level Analysis
The vehicle anti-theft system market is analyzed and market size, volume information is provided by country, product type, technology, system, application and vehicle type as referenced above.
The countries covered in the vehicle anti-theft system market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
Asia-Pacific leads the vehicle anti-theft system market because of the rise in vehicle production and the increase in installation of safety features in passenger cars and commercial vehicles. North America is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to strong presence of original equipment manufacturers (OEM).
The country section of the vehicle anti-theft system market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Vehicle Anti-Theft System Market Share Analysis
The vehicle anti-theft system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to vehicle anti-theft system market.
The major players covered in the vehicle anti-theft system market report are TOKAIRIKA, CO, LTD., Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, DENSO CORPORATION, U-Shin Ltd., Lear, Mitsubishi Electric Corporation, Tesla, BorgWarner Inc., VOXX International Corp., OMRON Corporation, HELLA GmbH & Co. KGaA, Valeo, BMW Canada, Daimler AG, Audi AG, Honda Motor Co., Ltd., Toyota Motor Corporation and Volvo Car Corporation, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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