Global Vehicle Anti-theft System Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Vehicle Anti-theft System Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global vehicle anti-theft system market report has been segmented on the basis of technology, product, vehicle type, and region.
Global Vehicle Anti-theft System Market: Overview
Vehicle anti-theft systems are installed on vehicles, which allows to avoid unauthorized approach, ensure safety and security, and also prevent incidences of theft. Vehicle anti-theft systems includes face detection, global positioning system (GPS), global system for mobile communication (GSM), real-time location system (RTLS), biometric, and others which are introduced in variety of vehicle anti-theft system such as steering lock, alarm, central locking, immobilizer, passive keyless entry, and biometric capture devices.
According to data published by the Office for National Statistics (ONS), number of stolen vehicles increased by 56% at the end of 2017 as compared to in 2016.
Global Vehicle Anti-theft System Market: Dynamics
Increasing instances of theft especially in parking lots have increased demand for advanced anti-theft systems for vehicle and passenger safety. In addition, an increasing number of vehicles of different kinds, raising awareness about vehicle anti-theft devices, government regulations regarding vehicle safety and technological advancements, giving a new way for growth of the target market. Technologies such as multi-factor authentication, biometrics, face detection system, and voice recognition system are providing extreme security to vehicles. In 2018, For instance, North American International Auto Show (NAIAS) held in Detroit, Nissan Motor Co., Ltd. launched Xmotion, which uses biometric technology such as fingerprint identification to enhance the security features of the vehicle. Moreover, rising Bluetooth and near field communication (NFC) based technologies is anticipated to drive the growth of vehicle anti-theft system market.
In addition, increasing research & development activities to develop vehicle anti-theft system technologies which combine luxury with safety, is anticipated to create new opportunities in terms of revenue for manufacturers operating in the target market. For example, Germany based Porsche AG has introduced GPS-assisted anti-theft protection in its models. Moreover, the company has launched a vehicle tracking app controlled through a smartphone.
Global Vehicle Anti-theft System Market: Segment Analysis:
Among the technology segments, the Face Detection System (FDS) segment is projected to account for significant revenue share in the global market.
Among the product segments, the immobilizer segment is estimated to account for major revenue share and is expected to maintain its dominance over the forecast period
Among the vehicle type segments, the passenger car segment is anticipated to register a significant growth rate over the forecast period.
Global Vehicle Anti-theft System Market: Regional Analysis
The market in the Asia Pacific is expected to account for the highest market share in the target market in terms of revenue. Presence of various leading players such as Honda Motor Company, Hyundai Motor Company, and Toyota especially in developing countries such as China and India, which is expected to give new opportunities for growth of the target market. Moreover, R&D investments to enhance security system is further anticipated to drive growth of the target market.
Global Vehicle Anti-theft System Market Segmentation
Segmentation by Technology:
- Global Positioning System
- Global System for Mobile Communication
- Real-Time Location System
- Face Detection System
- Remote Frequency Identification Device
- Automotive Biometric Technology
Segmentation by Vehicle Type:
- Passenger car
- Commercial vehicles
- Off-Highway vehicles
Segmentation by Product:
- Biometric capture device
- Passive keyless entry
- Central locking system
- Steering lock
Segmentation by Active and Passive:
- Active anti-theft System
- Passive anti-theft System
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Audi AG
- BMW AG
- Daimler AG
- Continental AG
- Ford Motor Company
- General Motors Company
- Honda Motor Co. Ltd.
- Hyundai Motor Corporation
- Lear Corporation
- Robert Bosch GmbH
- Tesla Inc.
- Toyota Motor Corporation
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