Global Vehicle Anti-Theft System Market: Overview
From the simple lock and key to the sophisticated biometric identification systems – the vehicle anti-theft systems have come a long way over the course of years. The underpinning technologies and the devices, meant to thwart unauthorized access to vehicles, have undergone a sea change. The uptake of vehicle anti-theft systems is guided by different factors such as ease of use, financial costs, and threshold for theft. While some basic devices disable the vehicle, others enable advanced protection such as tracking of the stolen vehicle, detection of interior intrusion, battery backed sounders, and inclination sensing devices, among others.
With an aim to study the global market for vehicle anti-theft systems, the Transparency Market Research report segments it by product, by technology, and by vehicle type. In terms of technology, for example, the market can be divided into global positioning system (GPS), real-time location system (RTLS), and global system for mobile communication (GSM). By product, the market can be classified into steering lock, immobilizer, biometric capture device, and alarm. Among them, the immobilizer segment dominates due to mandatory installation of immobilizers that has significantly brought down the number of thefts in different countries. Going forward, the segment would likely retain its leading position due to government mandates.
Depending upon the type of vehicle, the market can again be segmented into passenger car, off-highway vehicle, and commercial vehicle. Besides furnishing a granular analysis of each segment, the TMR report also provides insights into the current competitive dynamics in the market by factoring in the growth drivers and restraints and the leading players and their strategies. It calculates the current market size and leverages it along with historical data to make forecasts about the market’s future prospects.
Global Vehicle Anti-Theft System Market: Drivers and Trends
The massive increase in the number of vehicles of different kinds, alarming instances of vehicle thefts, and the rising awareness about vehicle anti-theft devices are at the forefront of driving demand in the global vehicle anti-theft system market. Staving off vehicle thefts, particularly in common parking lots, has necessitated the use of more advanced anti-theft systems with superior technology to augment passenger safety and convenience. Vehicle immobilizers, for instance, notify vehicle owners on their registered phone numbers in case of a forced entry. The notification also includes image of the person driving the vehicle and the location of the vehicle. All these features have led to the soaring popularity of immobilizers.
The use of cutting-edge technologies such as continuous-wave and pulse-echo algorithms, microprocessors with digital signal processing, inclination and ultrasonic sensors, closed tool chain for configuration and simulation, and rechargeable batteries, in such innovative products has greatly boosted the market. The increasing demand for multifactor authentication and rising use of biometric technology are key factors driving the growth of the vehicle anti-theft system market across all regions. Besides, government regulations pertaining to vehicle safety in different countries are also driving growth. One factor preventing uptake of the anti-theft systems is their expensiveness.
Global Vehicle Anti-Theft System Market: Geographical Outlook
Regionally, the global market for anti-theft systems can be segmented into Asia-Pacific, North America, South America, Europe, and the Middle East and Africa. Among them, Asia-Pacific region leads the market in terms of value. This is because of the year-on-year growth in sales in the automotive industry and burgeoning production of automobiles in the region brought about by the rapidly rising urban population. Going forward too, Asia Pacific will maintain its dominant market share.
Asia Pacific is followed by North America and then Europe vis-à-vis market share. The market in North America is being propelled by the presence of original equipment manufacturers (OEM), namely Ford Motor Company, General Motors, and Fiat-Chrysler Automotive in the region. This coupled with a substantial customer base and high purchasing power of end-users has upped demand for vehicles, which in turn has boosted the market for anti-theft vehicle systems.
Key Players Mentioned in the Report
To present an in-depth assessment of the competition prevailing in the global market for anti-theft systems, the report profiles companies such as Robert Bosch GmbH, Continental AG, Tokai Rika, Ltd., Lear Corporation, Johnson Electric, Delphi Automotive LLP, Mitsubishi Electric Corporation, and VOXX International Corp.
Major geographies analyzed under this research report are:
- 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)
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report:
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
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
- 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.