Vehicle Anti-Theft System Market

The global Vehicle Anti-Theft System market was valued at USD 10.16 Billion in 2020 and is projected to reach USD 16.29 Billion by 2028, growing at a CAGR of 6.52%% from 2021 to 2028.

A vehicle anti-theft system is a device or method which prevents unauthorized access to a vehicle. The manufacturers fit this device to prevent it from being used by an unauthorized person. To enable this, they install these devices in the vehicles. The vehicle anti-theft system works with the use of various sensors that are installed inside and around the vehicle.

This report provides an analysis of the Vehicle Anti-Theft System market for the historic period of 2016–2019 and forecasts for 2021–2028 while 2020 is considered as a base year for estimations. The report covers exhaustive analysis on the global Vehicle Anti-Theft System industry, which includes market trends, drivers, restraints, opportunities, segmental analysis, regional trends, and competitive landscape among others. The report provides a detailed study on various product types and their applications in different industry verticals at the global/regional/country level. This study comprises the market size in terms of revenue for each segment at the global/regional/country level along with a detailed analysis of growth prospects, challenges, and opportunities.  Moreover, it covers an extensive competitive landscape covering key players in the industry and their comparative study on the basis of different parameters such as company overview, product portfolio, market revenue, business, and marketing strategies.

The report includes a separate section covering detailed Vehicle Anti-Theft System industry analysis based on various macro/micro factors impacting the growth of the market. This section explains various driving factors, restraints/challenges, and opportunities in detail. In addition to that, the same section provides industry analysis based on several strategic marketing tools such as Cost Structure Analysis, Porter’s Five Forces Analysis, Pricing Analysis, SWOT Analysis, PESTLE Analysis, Player Positioning Analysis, Downstream Buyers, List of distributors, and Value Chain Analysis among others.

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. 

The high prices of premium safety and anti-theft features and failure in vehicle anti-theft system due to the failure of electronic components used in them is expected to hamper the growth of the vehicle anti-theft system market in the years to come. The vehicle anti-theft system consists of electronic components like electrical wiring, batteries and other components for their proper functioning. Failure in any of these components could damage the vehicle security system and results in replacements of many other components as well even in case of minor damages.

When the Covid19 pandemic started in China last year it sends its shock waves to countries across the globe. And as the number of cases was on the rise, it enforced the governments across the world to take severe actions like border seals, lockdown, and implementing strict social distancing measures, in order to stop the impending catastrophe. These actions had a dramatic impact on the economy, as the industrialist across the globe were forced to halt their production, leading to supply chain disruptions and impairing of various industries. Thus, plummeting the global markets. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long-term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

The report delivers an acute breakdown of the market based on various segments such as Product, Technology, Type, and region. All the segments are studied considering historical and future trends across geographies. All the segments are analyzed based on trends, market size, and forecast, and the data is provided for the years 2016–2028. Several growth factors and opportunities impacting various segments have been incorporated in the report.

On the basis of Product, the market is divided into Alarm, Biometric capture device, Passive keyless entry, Central locking system, Immobilizer, Steering lock. Immobilizer held the largest share in 2020 and is projected to grow at a noteworthy CAGR within the forecast period.

Based on Technology, the market is divided into Global Positioning System (GPS), Global System for Communication (GSM), Face Detection System, Global Radio Frequency Identification, Real Time Location System (RTLS), Automotive Biometric Technology. Automotive Biometric Technology attributed to the highest market share and is expected to grow at a significant CAGR from 2021 to 2028. 

Based on the geography, the global Vehicle Anti-Theft System market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The report further segments the regional study into key country-level markets from each region. This section of the report provides a comprehensive review of the Vehicle Anti-Theft System market at the regional and country level.  The report covers all the major developments specific to Vehicle Anti-Theft System industry across geographies and explains its impact on the market. The regional analysis section also provides analysis of the impact of various factors such as economies, industry competition, technological advancements, import-export ratio, and raw material availability among others. The concentration of raw material suppliers as well as market players in one specific region impacts the global market scenario and the report covers exclusive information on the same.  Also, the report analyzes the intensity of competition in each region and its influence on the growth of the global Vehicle Anti-Theft System market. 

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

The global Vehicle Anti-Theft System market report provides an exhaustive competitive landscape to give a comprehensive synopsis of the global market. Major players in the Vehicle Anti-Theft System 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.. This section of the report will provide you extensive information on all key players based on business overview, product portfolio, marketing strategies, recent developments, financial performance, and geographical presence among others. Moreover, the report will also include extensive analysis on key strategies adopted by market players such as new product development/launch, merger & acquisitions, partnerships, collaborations & joint ventures, research & development, and regional expansion.