IMARC Group, a leading market research company, has recently releases report titled “Vehicle Anti-Theft System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global vehicle anti-theft system market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the vehicle anti-theft system market?
The global vehicle anti-theft system market is expected to exhibit a growth rate (CAGR) of 6.7% during 2023-2028.
What is vehicle anti-theft system?
A vehicle anti-theft system is an integrated security device that inhibits any unauthorized access to the vehicle. It generally includes alarm, steering lock, central lock, remote keyless access, immobilizer, biometric capture device, etc. The system enhances vehicle security, prevent illegal activities, and provide real-time tracking of the automobile. As a result, the anti-theft system is widely installed in passenger cars, two-wheelers, commercial vehicles, and off-highway vehicles.
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What are the growth prospects and trends in the vehicle anti-theft systemindustry?
The increasing number of safety regulations due to the growing incidences of vehicle theft is primarily augmenting the demand for vehicle anti-theft systems. Besides this, the expanding vehicle fleet and increasing consumer awareness towards numerous benefits of anti-theft devices are also catalyzing the product demand. Moreover, the emergence of advanced anti-theft devices integrated with Internet-of-Things (IoT) and near field communication (NFC) technologies is further driving the market growth. Additionally, the wide availability of innovative product variants with numerous high-tech features, such as face recognition, voice detection, biometric, and radio frequency identification systems, is also propelling the demand for vehicle anti-theft systems. Furthermore, the growing popularity of GPS-assisted anti-theft protection systems and novel sensor technology to reduce keyless car theft rates will continue to drive the market growth in the coming years.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Vehicle Type:
- Passenger Vehicle
- Commercial Vehicle
- Others
Breakup by Product Type:
- Immobilizers
- Alarm
- Steering Lock
- Central Locking System
- Biometric Capture Device
- Remote Keyless Entry
Breakup by Technology:
- Global Positioning System (GPS)
- Global System for Mobile Communications (GSM)
- Real-Time Location System (RTLS)
- Face Detection System
- Remote Frequency Identification Device (RFID)
- Automotive Biometric Technology
Who are the key players operating in the industry?
The report covers the major market players including:
- Continental AG
- Delphi Technologies
- Denso Corporation
- HELLA GmbH Co. KGaA
- Johnson Electric Holdings Limited
- Lear Corporation
- Mitsubishi Electric Corporation
- Omron Corporation
- Robert Bosch GmBH
- TOKAIRIKA CO. LTD.
- VOXX International Corporation
- U-Shin Ltd. (Minebea Mitsumi Inc.)
- ZF Friedrichshafen AG.
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