Vehicle Anti-Theft System Market

Vehicle Anti-Theft System Market by Product (Alarm, Biometric capture device, Passive keyless entry, Central locking system, Immobilizer, Steering lock) by Technology (Global Positioning System (GPS), Global System for Communication (GSM), Face Detection System, Global Radio Frequency Identification, Real Time Location System (RTLS), Automotive Biometric Technology) by Type (Active anti-theft System, Passive anti-theft System) , 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 Vehicle Anti-Theft System in terms of revenue?

    The global Vehicle Anti-Theft System valued at 10.16 Billion in 2020 and is expected to reach 16.29 Billion in 2028 growing at a CAGR of 6.52%%

  • Which are the prominent players in the market?

    The prominent players in the market are Delphi Automotive, VOXX International, TOKAI RIKA CO. LTD., Continental AG, ZF TRW Automotive Holdings Corporation, Robert Bosch GmbH, Johnson Electric, Lear Corporation, Mitsubishi Electric Corporation, U-Shin Ltd..

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

    The market is project to grow at a CAGR of 6.52%% between 2021 and 2028.

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

    The driving factors of the Vehicle Anti-Theft System include

    • The increasing technological innovation is anticipated to augment the growth of the vehicle 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 and RFID tags. The ECM reads the RFID tag attached to the key for the ignition to take place. Additionally, most vehicles are 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 vehicle anti-theft system market are factors driving the market.
    • The rising vehicle sale across the globe is anticipated to augment the growth of the vehicle 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 vehicle 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 Vehicle Anti-Theft System in 2020.

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