Vehicle Anti-Theft System Market
Vehicle Anti-Theft System Market Global Industry Assessment & Forecast
#
Pages:
169
2021
Nov - 2021
VMR-2021-0760
Segments Covered
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
Passenger Car, Off-highway Vehicle, Commercial Vehicle
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
10.16 Billion |
 Revenue 2028:
|
16.29 Billion |
 Revenue CAGR
(2021 - 2028): |
6.52% |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
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.
Global Vehicle Anti-Theft System Market: Product Segment Analysis
-
- Alarm
- Biometric capture device
- Passive keyless entry
- Central locking system
- Immobilizer
- Steering lock
Global Vehicle Anti-Theft System Market: Technology Segment Analysis
-
- Global Positioning System (GPS)
- Global System for Communication (GSM)
- Face Detection System
- Global Radio Frequency Identification
- Real Time Location System (RTLS)
- Automotive Biometric Technology
Global Vehicle Anti-Theft System Market: Type Segment Analysis
-
- Active anti-theft System
- Passive anti-theft System
FAQ
Frequently Asked Question
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.
