Vehicle Anti-Theft Market Overview
Vehicle Anti-Theft Market is
expected to reach a projected market size of US$ 18.89 billion, with a CAGR of
7.12% from 2022 to 2030
The global vehicle
anti-theft market is expected to grow at a
CAGR rate of 7.12% from 2022 to 2030. A
car anti-theft system is a device that helps secure unauthorized entrance
into a vehicle since anti-theft methods have also emerged. Anti-theft
systems improve vehicle security while also potentially lowering insurance
prices. It also comes with advanced security features, including stolen car
monitoring, digital signal processing microprocessors, ultrasonic sensors,
rechargeable batteries, and a closed toolchain for vehicle setup and
simulation. There are many major key players of the market, including
Continental AG, Tokai Rika, Ltd., Delphi Automotive LLP, Mitsubishi Electric
Corporation, VOXX International Corp., etc., who make a remarkable contribution
to the market growth with immense innovative approaches and implementing
advanced technologies in the market sphere.
Significant growth in the number of all kinds
of cars, alarming incidences of vehicle thefts, and rising knowledge about
automotive anti-theft technologies are driving the global vehicle anti-theft market. To combat automobile thefts, more
advanced anti-theft systems with greater technology have been employed to
improve passenger safety and convenience, particularly in public parking
lots.Rising R&d operations to develop automotive anti-theft system
technologies that blend luxury and safety are likely to provide new revenue
opportunities for target market makers. Porsche AG, based in Germany, has
integrated GPS-assisted anti-theft technology into their vehicles. In addition,
the company has created car tracking software that can be accessed using a
smartphone. One major market restraint can be the cost associated with the
anti-theft system is included in the car's overall price. So, it is expected to
have a low acceptance rate in the global anti-theft vehicle market, especially
in developing countries.The surge in cybersecurity hazards is posing a major
challenge in the global vehicle anti-theft market.
Vehicle Anti
-Theft Market Segmentation
The vehicle
anti-theft market is segmented on the basis of products, vehicle type,
technology. By the application segment, the global market is segmented into
steering lock, immobilizer, biometric capture device and alarm.
Vehicle Anti-Theft Market Companies Details
Further, according to the technology segment, the
market is divided into global positioning systems (GPS), global systems for
mobile communication (GSM), real-time location systems (RTLS), face detection
systems, automotive biometric technology.
Based on the vehicle type segmentation, the market is
further segmented into passenger cars commercial vehicles.
Vehicle Anti
-Theft Market Regional Analysis
According to this market report, the vehicle anti-theft market region
segment is globally segregated into North America, Europe, Asia Pacific, and
the rest of the world. The Asia-Pacific region dominates the market on the
basis of growing market value. The reason can be attributable to the region's
rapidly rising urban population, resulting in increased vehicle sales
and expanding automobile manufacturing every year. It is predicted that the
Asia Pacific will continue to dominate the market in the forecast period. The Asia
Pacific has the largest market share, followed by North America and Europe.
Original equipment manufacturers (OEMs), including Ford Motor Company, General
Motors, and Fiat-Chrysler Automotive, are driving the industry forward in
North America.
Key Players:
·
Continental AG
·
Robert Bosch GmbH
·
Tokai Rika Ltd.
·
Lear Corporation
·
Johnson Electric
·
Delphi Automotive LLP
·
ZF-TRW
·
Mitsubishi Electric
Corporation
·
VOXX International Corp.
Vehicle Anti
-Theft Industry News
·
Porsche, a major key
player inthe vehicle anti-theft market, has announced that its vintage Porsche
vehicles will soon be equipped with GPS-enabled anti-theft technology.
·
Bosch, a well-known
manufacturer of anti-theft systems for autos, has announced to launch of a new
TRACI solution for monitoring agricultural and construction machines, vehicles,
and speciality equipment.
Read more:
Automotive Digital Cockpit Market
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