Car Anti-Theft Devices Market
Car Anti-Theft Devices Market Global Industry Assessment & Forecast
#
Pages:
170
2021
Nov - 2021
VMR-2021-0769
Segments Covered
By
Product Types Steering Lock, Alarm, Biometric Capture Device
-
By
Application Passenger Car, Commercial Vehicle, Off-Highway Vehicles
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
11.24 Billion |
 Revenue 2028:
|
18.06 Billion |
 Revenue CAGR
(2021 - 2028): |
6.11% |
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
Research Methodology: Car Anti-Theft Devices Market - Global Market Assessment, 2021 - 2028
The global Car Anti-Theft Devicesmarket research study is based on a comprehensive research methodology that is used to arrive at the market estimations and forecasts. This methodology aid analysts and to learn and understanding market facts and insights from the innermost levels of the market. The whole research process involves 3 major activities: Secondary Research, Primary Research, and Data Triangulation. Secondary resources are utilized to gain insights on the market and later primary research is conducted to revalidate the information and conclusion derived from the secondary research. Out of the total primary respondents, 24% were from North America, 29% were from Europe, 31% were from the Asia Pacific, and the rest of the respondents were from Latin America and MEA.
Secondary Research
Primary Research:
The information gained/procured from the secondary data sources is validated through extensive primary interviews with industry experts across the Car Anti-Theft Devices supply chain. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:
- Car Anti-Theft Devices market size at regional and country level
- Understanding market developments, future growth prospects, and upcoming challenges
- Overview of the Car Anti-Theft Devices supply chain and overall ecosystem
Data Triangulation and Market Size Estimations
The information procured from the secondary and primary resources is undergone through data triangulation methods to attain more accurate results on quantitative and qualitative analysis for specific market research studies. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end-use industry, and estimate future trends within the market. After arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the Car Anti-Theft Devices market.
FAQ
Frequently Asked Question
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.
