Global Vehicle Anti-theft System Marketwas valued at USD xx Mn in 2019 and is expected to reach at USD xx Mn by 2027 at a CAGR of xx% over the forecast period 2020-2027.
Global Vehicle Anti-Theft System Market
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The report covers an in-depth analysis of COVID-19 pandemic impact on Global Vehicle Anti-theft System Market by region and on the key players revenue affected till July 2020 and expected short term and long-term impact on the market.
Global Vehicle Anti-theft System Market Dynamics:
With growing instances of vehicle theft, manufacturers are increasingly embracing multi-factor authentication and technological developments, such as biometric technology. The significant rise in the number of different types of vehicles, concerning incidents of vehicle theft, and growing awareness of vehicle anti-theft systems are at the centre of driving demand in the global vehicle anti-theft system market. The vehicle anti-theft system is an important automotive protection system integrated with the Global Positioning System (GPS) to avoid theft and identify the exact location of vehicles. For instance, For example, Germany based Porsche AG has introduced GPS-assisted anti-theft protection in its models. The device instantly alerts vehicle owners by alarm through sensors or by sending a notification to their devices connected. The technology such as multi-factor authentication, biometrics, facial identification and voice recognition systems provide vehicles with extreme security. In addition, growing the number of different types of cars, raising awareness of vehicle anti-theft devices, government legislation on vehicle safety and technical advances, and providing a new way to expand the target market. 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) technologies are expected to drive the growth of the vehicle anti-theft device market.
However, the potential malfunction of electronic components used in anti-theft vehicle systems which in turn pose a restraint for the market growth over the forecast period.
Global Vehicle Anti-theft System Market is segmented by Vehicle Type, by End-Use, Technology, and Product and by Region. By Vehicle Type, passenger vehicles is anticipated to account for a major share during the forecast period in 2019 and is expected to keep its dominance over the forecast period owing to the rising consumer purchasing power, improving lifestyles and rapid growth of infrastructure. By End-Use, Original Equipment Manufacturer (OEM) held the highest market share in 2019 due to the growing recognition among vehicle manufacturers of the provision of such built-in anti-theft systems in vehicles due to the increasing number of cases of vehicle theft observed over the last few years. By Technology, Face Detection System segment held the highest market share in 2019 and is expected to keep its dominance over the forecast period due to the growing acceptance of the door-unlock function by automotive manufacturers. By Product, immobilizer segment held the largest market share due to the compulsory installation of immobilisers as a result of stringent government regulations and more secure nature of the immobilizer as compared to the other anti-theft devices.
By geography, global Vehicle Anti-theft System market is segmented into North America, APAC, Europe, MEA Africa and South Africa. Among these, APAC held the highest market share of xx% in 2019 and is expected to keep its dominance over the forecast period owing to 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, which is expected to give new opportunities for growth of the target market in this region. The service in the market in North America is forecasted to expand a significant pace on account of the due to the high rate of technology adoption and the growing research and development activities for the development of better and more effective vehicle anti-theft systems.
Report covers in-depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger acquisitions, joint ventures, collaborations, expansion, new product launches and patents to increase their regional presence and business operations.
The objective of the report is to present a comprehensive analysis of the Global Vehicle Anti-theft System Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Vehicle Anti-theft System Market dynamics, structure by analyzing the market segments and project Global Vehicle Anti-theft System Market Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Vehicle Anti-theft System Market the report investors guide.
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Scope of Global Vehicle Anti-theft System Market: Inquire before buying
Global Vehicle Anti-theft System Market, by Vehicle Type
Passenger vehicles
Commercial vehicles
Off-Highway vehicles
Global Vehicle Anti-theft System Market, by End-Use
Original Equipment Manufacturer (OEM)
Aftermarket
Global Vehicle Anti-theft System Market, by Technology
Global Positioning System
Real-Time Location System
Face Detection System
Remote Frequency Identification Device
Automotive Biometric Technology
Others
Global Vehicle Anti-theft System Market, by Product
Alarm
Biometric capture device
Passive keyless entry
Central locking system
Immobilizer
Steering lock
Global Vehicle Anti-theft System Market, by Region
North America
APAC
Europe
MEA Africa
South Africa
Global Vehicle Anti-theft System Market Major Players
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
Volvo Corporation
ZF-TRW
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