Car Anti-Theft Devices Market

Car Anti-Theft Devices Market by Product Types (Steering Lock, Alarm, Biometric Capture Device) by Application (Passenger Car, Commercial Vehicle, Off-Highway Vehicles) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028

Frequently Asked Questions

  • What is the global demand for Car Anti-Theft Devices in terms of revenue?

    The global Car Anti-Theft Devices valued at 11.24 Billion in 2020 and is expected to reach 18.06 Billion in 2028 growing at a CAGR of 6.11%%

  • Which are the prominent players in the market?

    The prominent players in the market are U-Shin Ltd., ZF TRW Automotive Holdings Corporation, Valeo, Scorpion Group, Ikeyless, Lear Corporation, TOKAI RIKA CO. LTD., Viper, Cheetah, Robert Bosch GmbH, Johnson Electric, Compustar, Mitech, VOXX International, Delphi Automotive, Fortin, Mitsubishi Electric Corporation, Crimestopper, Hirain, Autowatch, Hella, Changhui Shouthern Dare, Continental AG..

  • At what CAGR is the market projected to grow within the forecast period?

    The market is project to grow at a CAGR of 6.11%% between 2021 and 2028.

  • What are the driving factors fueling the growth of the market.

    The driving factors of the Car Anti-Theft Devices include

    • The increasing technological innovation is anticipated to augment the growth of the car anti-theft system market during the forecast period. Luxury cars are now employed with cutting-edge technologies to stop unauthorized access to the ignition system of the vehicles. The traditional lock and key mechanism are mostly replaced with the current tech of biometric identification systems and RFID tag. The ECM reads the RFID tag attached to the key for the ignition to take place. Additionally, most cars are now integrated with IoT based system that enables location tracking and engine shutdown if reported stolen. Owing to these developments there is an increase in the demand of the car anti-theft system market which is driving the market
    • The rising vehicle sale across the globe is anticipated to augment the growth of the car anti-theft system market during the forecast period. This is owing to the rapid urbanization, increasing disposable income of the consumers, and advancement in technologies. Furthermore, the increasing adoption of personal vehicles has also increased the global sales of automobiles which in turn is expected to support the growth of the car anti-theft system market in the forecast period.

  • Which region accounted for the largest share in the market?

    Asia Pacific was the leading regional segment of the Car Anti-Theft Devices in 2020.

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