Automotive theft has been a persistent issue in the automotive industry across the world. Stealing a vehicle has no longer remained a tough task owing to the increasing advancements in the electronic systems which are used to control the vehicle operation and the newer methods of stealing a vehicle that have been developed by thieves in recent years. Automotive OEMs (original equipment manufacturers) are focusing on developing anti-theft systems with a view to prevent vehicle thefts. Advanced and sophisticated biometric system is an example of the anti-theft systems that have been utilized to avoid vehicle thefts in recent years.

Increasing number of cases of vehicle theft have been witnessed in recent years, in spite of vehicles being equipped with certain inbuilt security and safety features. Anti-theft systems in a car may not work properly if the battery of the car is dead, or if the immobilizer chip in the key of the car is damaged, or if the door locks are damaged. This is prompting the development of new and even better anti-theft systems for vehicles, which can counterfeit the increasing efforts of car thieves to steal cars. This is expected to drive the automotive anti-theft system market during the forecast period. Increasing developments involving the usage of advanced technologies such as global positioning system (GPS) and global system for mobile communication (GSM) in developing more efficient anti-theft systems for vehicles is anticipated to further boost the automotive anti-theft system market in the near future.

Semi-autonomous vehicles that are equipped with ADAS (advanced driver assistance systems) are already running on roads across the world. Moreover, increasing efforts are being taken for the development and introduction of autonomous vehicles on the road. Autonomous vehicles are expected to be running on roads in the next few years. Semi-autonomous and autonomous vehicles pose a threat of being hacked since both semi-autonomous as well as autonomous vehicles depend on highly advanced electronic systems and software for their operation. These advanced software systems are susceptible to hacking. Hacking can completely assign the control of the vehicle to the hacker, which in turn is likely to place the life of the driver at risk. Furthermore, vehicle thieves are devising newer and flawless methods to steal vehicles without leaving behind a single clue to reveal the identity of the thief. Also the incorporation of anti-theft system in vehicles increases the overall price of the vehicles, which may not always be affordable to all consumers. This is expected to hamper the growth of the automotive anti-theft system market during the forecast period.

Based on the mode of operation, the automotive anti-theft system market can be segmented into disabling the vehicle and providing advanced protection. The automotive anti-theft system which is based on the principle of disabling the vehicle consists of an electrical circuit that disconnects and prevents the current from flowing to the engine when a thief attempts to steal it. Consequently, the vehicle does not start and the thief is not able to steal the vehicle. The anti-theft systems that are based on the principle of providing advanced protection includes detection of interior intrusion, battery backed sounders, inclination sensing devices, and alarm systems for warning the car owner.

Currently, the providing advanced protection segment holds a major share of the automotive anti-theft systems market. However, the disabling the vehicle segment is anticipated to expand rapidly during the forecast period. This is ascribed to the anti-theft systems based on disabling or immobilizing the vehicle being more secure and assured than the anti-theft systems based on providing advanced protection.

Based on vehicle type, the automotive anti-theft system market can be divided into passenger vehicles, commercial vehicles, and off-highway vehicles. The commercial vehicles segment can be further sub-segmented into light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), and buses & coaches. The passenger vehicles segment is anticipated to expand at a significant growth rate during the forecast period owing to the increasing production volumes of passenger vehicles in recent years.

Based on product, the automotive anti-theft system market can be divided into steering lock, alarm system, biometric capture device, immobilizer, remote keyless entry, and central locking. Currently, the biometric capture device segment and the central locking segment hold a prominent share of the automotive anti-theft system market. However, the immobilizer segment is projected to expand at a significant growth rate during the forecast period owing to the more secure nature of the immobilizer as compared to the other anti-theft devices.

Based on technology, the automotive anti-theft system market can be segmented into global positioning system (GPS), global system for communication (GSM), real-time location system (RTLS), and others. The others segment includes anti-theft systems such as face detection system, biometric technology, and global radio frequency identification. Based on technology, the GSM segment is anticipated to expand at a rapid pace during the forecast period. This is because the GSM technology can be employed to intimate the owner of the vehicle about any unauthorized entry in the vehicle. Whenever any unauthorized person enters the vehicle, an SMS (short message service) is sent to the owner of the vehicle and on receiving the SMS, the owner of the vehicle can send back the SMS with the necessary instructions to stop the vehicle immediately. The GSM segment is anticipated to be followed by the GPS segment, since the GPS system enables the owner of the vehicle to track the exact location of the vehicle.

Based on sales channel, the automotive anti-theft system market can be classified as OEM (original equipment manufacturer) and aftermarket. The OEM segment is anticipated to expand at a significant growth rate during the forecast period owing to the rising awareness among vehicle manufacturers to provide certain inbuilt anti-theft systems in vehicles due to the increasing number of cases of vehicle theft being witnessed for the last few years. However, some consumers prefer to install more advanced anti-theft systems in their vehicles after certain years of purchasing the vehicle.

Based on geographical region, the automotive anti-theft system market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to lead the global automotive anti-theft system market during the forecast period owing to the increasing vehicle production and the presence of well-established vehicle manufacturers in some countries of Asia Pacific such as China, Japan, and South Korea. Asia Pacific is expected to be followed by North America owing to the high adoption rate of technology and the increasing research and development activities for developing better and more efficient automotive anti-theft systems being carried out in the region.

Key players operating in the global automotive anti-theft systems market include Robert Bosch GmbH, Continental AG, Tokai Rika, Ltd., Lear Corporation, Johnson Electric, Delphi Automotive LLP, Mitsubishi Electric Corporation, and VOXX International Corp.

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.

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.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • 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

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

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?

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.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Automotive Anti Theft System Market

Pre Book