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Vehicle Anti-Theft System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

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An anti-theft system is a technology or a device employed to deter or prevent the unauthorized access of valuable items. Anti-theft systems have evolved from the invention of lock and key to the introduction of biometric identification systems. The choice of an anti-theft system depends on various factors such as financial costs, ease of use, and threshold for theft. Security of vehicles, especially in common parking places has become a matter of concern in recent times. Vehicle theft has skyrocketed to monumental proportions in recent years, and many injuries can be attributed to accidents involving stolen vehicles. One of the reasons for the increasing theft rate is the ease to tamper the existing vehicles locks. Anti-theft devices add to the security of vehicles and may also lower vehicle insurance rates. Products under the anti-theft devices category have a wide range of features and purposes. Some basic devices disable the vehicle, while others provide advanced protection like stolen vehicle tracking, interior intrusion detection, battery backed sounders, inclination sensing devices, etc. Modern vehicle anti-theft devices use advanced technologies such as microprocessors with digital signal processing, continuous-wave and pulse-echo algorithms, inclination and ultrasonic sensors, rechargeable batteries, and closed tool chain for configuration and simulation.

The increasing sale of vehicles, rising awareness regarding vehicle anti-theft devices, increase in the number of vehicle thefts, and mandatory government regulations related to vehicle safety are the major factors driving the growth of the vehicle anti-theft systems market. Technological advancements in vehicle anti-theft devices are driven by the need for features increasing the safety and convenience of vehicle passengers. These advancements have resulted in advanced systems such as vehicle immobilizers, which send messages on the registered phone numbers of vehicle owners in cases of forced entry. The messages also include additional information such as image of the person driving the vehicle and the location of the vehicle. Facial recognition systems are gaining increasing popularity amongst vehicle anti-theft systems. However, the high costs associated with vehicle anti-theft systems pose challenges in the growth of this market.

The vehicle anti-theft systems market is segmented by technology, by product, by type of vehicle, and by geography. By technology, the market can be further segmented into real-time location system (RTLS), global positioning system (GPS), and global system for mobile communication (GSM). By product, the market can be further categorized into immobilizer, steering lock, biometric capture device, and alarm. By type of vehicle, the market can be divided into off-highway vehicle, passenger car, and commercial vehicle. Geographically, the market can be divided into North America, South America, Asia-Pacific, Middle East and Africa, and Europe. Asia-Pacific region is anticipated to be a potential market for vehicle anti-theft systems in the coming years. The demand in this region is triggered by the rapid growth of the automotive industry and growing population in urban areas.

The key players operating in the vehicle anti-theft systems market include Continental AG, Lear Corporation, Robert Bosch GmbH, Tokai Rika, Ltd., Johnson Electric, Delphi Automotive LLP, ZF TRW, Mitsubishi Electric Corporation, VOXX International Corp, and U-Shin, Ltd.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market     
     

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.


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