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
Research Methodology: Vehicle Anti-Theft System Market - Global Market Assessment, 2021 - 2028
Vantage Market Research follows a veracious methodology to arrive at market-related projections. The research methodology is based on the 3 phases namely: Secondary Research, Primary Research, and Data Triangulation. We conduct more than 100 primary interviews for each market either through mail or telephone call. Vantage Market Research employs the most infallible research methodology that ensures clients are receiving:
- Consistent, vigorous, and actionable data analysis that would help to make key business decisions
- Statistically improved and reliable insights through a veracious and well-audited research methodology.
- Independent study ensures a tangible representation of the market
Secondary Research
Primary Research:
The next stage involves the primary research conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements:
- First-hand information global market size, regional and segmental trends, competitive landscape
- Validate and authorization of secondary research outcomes and findings
- Further data collection and expertise development & market understandings
Data Triangulation and Market Size Estimations
After the determination of the overall market size through secondary and primary research, the market is divided into various segments and sub-segments. Moreover, top-down and bottom-up approaches were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market. The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of Vehicle Anti-Theft System market.
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.
