Vehicle Anti-Theft Market Technologies, Rising Trends, Global Size, Top Companies, Opportunity and Business Outlook 2022 – 2030

The Vehicle Anti-Theft market trends is growing pervasively, witnessing an exponential growth backed by the increasing investments, competitive activities, global developments, opportunity, and business trends during forecast period 2022 to 2030.

Vehicle Anti-Theft Market Overview

Vehicle Anti-Theft Market share is expected to reach a projected market size of US$ 18.89 billion, with a CAGR of 7.12% from 2020 to 2027. An anti-theft system is used in the vehicles to prevent an unauthorized access to the vehicles. Anti-theft systems have evolved from the invention of lock and key to the introduction of biometric technology.  The technology driven automotive industry is based on the biometric and other software based system in order to prevent the vehicle from theft. Anti-theft devices adds security to vehicles and may also lower vehicle insurance rates. It also provides advanced protection like stolen vehicle tracking, microprocessors with digital signal processing, ultrasonic sensors, rechargeable batteries, and closed tool chain for configuration and simulation.

Vehicle Anti-Theft market demonstrates a high growth potential which is likely to attract many entrants to the market resultantly, intensifying the competition further. Manufacturers strive to develop innovative materials, and best practices. Incorporating acquisition, collaboration, partnership, and expansion the well-established players gain the competitive advantage to maintain their market position. Also, they make substantial investments in manufacturing & expansion program. Expansions help in reducing logistic cost and increase production capacities and potential to fetch larger turnovers.

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Globally Major key Players accelerates the Vehicle Anti-Theft Market are, Continental AG, Robert Bosch GmbH, Tokai Rika, Ltd., Lear Corporation, Johnson Electric, Delphi Automotive LLP, ZF-TRW, Mitsubishi Electric Corporation, and VOXX International Corp.

Most important Segments of Vehicle Anti-Theft market covered in this report are,

There are various trends evolved in the anti-theft vehicle system which are implemented using Global Positioning System (GPS) and Global System for Mobile Communication (GSM). This system are smart enough to locate the vehicle if it has stolen. There are various developments taken place in the anti-theft system which includes operation of ARM 7 microcontroller, GSM and GPS module simultaneously with an accelerometer and temperature sensor, hybrid GPS-GSM localization of vehicles Tracking System, security system based on RFID, GPS and GSM, and among others. All the above models are effective in terms of vehicle security is concerned.

There are various anti-theft devices used in order to keep the car safe which includes steering wheel lock, Tire lock, baby monitoring, kill switch, electronic tracking system, and among others. The different factors that are responsible for the growth of the vehicle anti-theft market are sophisticated security system, alert message to mobile phone and rising awareness about vehicle anti-theft devices. Other factors such as safety and convenience of end user and also provide advance systems such as car security camera, steering lock are expected to drive the market in future. Additionally, high demand from customers and high purchasing power has upped demand for vehicles and boosted the market for anti-theft vehicle systems. However, the rising production cost makes these features unaffordable for consumers and hamper the market of vehicle anti-theft system.

According to The National Conference of State Legislatures, more than 93 % of the vehicle theft has been observed in the metropolitan areas where motor vehicle theft remains a pervasive problem. There have been various government initiative taken in order to provide the vehicle safety to the people. There are various Auto theft prevention authorities developed to address the issue of theft. In approximately 11 states, the legislatures have created auto theft prevention authorities to overcome auto theft. The growing development of auto theft prevention authority is expected to increase the demand for anti-theft system in the vehicle in order prevent for stealing.

Vehicle Anti-Theft Industry Influence of the global market report:

• Comprehensive assessment of all opportunities and risks in the Vehicle Anti-Theft Market.
• Vehicle Anti-Theft Market recent innovations and major events.
• A detailed study of business strategies for the growth of the Vehicle Anti-Theft Market market-leading players.
• Conclusive study about the growth plot of Vehicle Anti-Theft Market for forthcoming years.
• In-depth understanding of Vehicle Anti-Theft Market, market-particular drivers, constraints, and major micro markets.
• Favorable impression inside vital technological and market latest trends striking the Vehicle Anti-Theft Market.

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The global Vehicle Anti-Theft market during the period has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key experts such as CEOs VPs, directors, and executives. Finally, the global market breakdown and data triangulation procedures have been employed to complete the overall market engineering processes and functions and hence, arrive at the exact statistics for all segments and subsegments.

Regional Analysis

Asia Pacific is expected to dominate the vehicle anti-theft market in the near future followed by North America. Factors such as increasing installation of safety features and rising vehicle production and the presence of manufacturers such as Ford Motor Company, General Motors, and Fiat in the region are driving the market of vehicle anti-theft. The increase in the production of the vehicle will result in the increase demand for anti-theft system in the vehicle. The emerging countries such as India, China, and among others are the manufacturing hub for the automotive industry which have resulted in the increase production of passenger and commercial vehicles. The increase production of vehicle will result in the growth of anti-theft system in the vehicle. In North America, there has been significant investment made by the OEM manufacturers in order to manufacture vehicles. The increase investment for the development of vehicles will result in the growing use of vehicle anti-theft in the vehicle system. This will result in the growth of the market during the forecast period.

The global vehicle anti-theft market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Product: Comprises Immobilizer, Steering lock, Central locking, Alarm.

Segmentation by Technology: Comprises GPS, GSM, RTLS, Face Detection System, And Automotive Biometric Technology.

Segmentation by Vehicle Type: Comprises Passenger car, Commercial vehicle

Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.

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