Global Vehicle Anti-theft System Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
The Vehicle Anti-theft System Market Report has been segmented on the basis of technology, product, vehicle type, and region.
Vehicle Anti-theft System Market: Overview
“The Vehicle Anti-theft System Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Vehicle anti-theft systems are installed on vehicles, which allows to avoid unauthorized approaches, ensure safety and security, and also prevent incidences of theft.
Vehicle anti-theft systems include face detection, a global positioning system (GPS), a global system for mobile communication (GSM), a real-time location system (RTLS), biometrics, and others which are introduced in a variety of vehicle anti-theft systems 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), the number of stolen vehicles increased by 56% at the end of 2017 as compared to 2016.
Vehicle Anti-theft System Market: Dynamics
Increasing instances of theft especially in parking lots have increased the 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, give a new way for the 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 are anticipated to drive the growth of the vehicle anti-theft system market.
In addition, increasing research & development activities to develop vehicle anti-theft system technologies that 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.
Vehicle Anti-theft System Market: Segment Analysis:
Among the technology segments, the Face Detection System (FDS) segment is projected to account for a significant revenue share in the global market.
Among the product segments, the immobilizer segment is estimated to account for a 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.
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.
The presence of various leading players such as Honda Motor Company, Hyundai Motor Company, and Toyota especially in developing countries such as China and India, is expected to give new opportunities for growth of the target market.
Moreover, R&D investments to enhance the security system is further anticipated to drive the growth of the target market.
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
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- 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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