Global Vehicle
Anti-Theft System Market: Overview
From the simple lock
and key to the sophisticated biometric identification systems – the
vehicle anti-theft systems have come a long way over the course of
years. The underpinning technologies and the devices, meant to thwart
unauthorized access to vehicles, have undergone a sea change. The
uptake of vehicle anti-theft systems is guided by different factors
such as ease of use, financial costs, and threshold for theft. While
some basic devices disable the vehicle, others enable advanced
protection such as tracking of the stolen vehicle, detection of
interior intrusion, battery backed sounders, and inclination sensing
devices, among others.
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With an aim to study
the global market for vehicle anti-theft systems, the Transparency
Market Research report segments it by product, by technology, and by
vehicle type. In terms of technology, for example, the market can be
divided into global positioning system (GPS), real-time location
system (RTLS), and global system for mobile communication (GSM). By
product, the market can be classified into steering lock,
immobilizer, biometric capture device, and alarm. Among them, the
immobilizer segment dominates due to mandatory installation of
immobilizers that has significantly brought down the number of thefts
in different countries. Going forward, the segment would likely
retain its leading position due to government mandates.
Depending upon the
type of vehicle, the market can again be segmented into passenger
car, off-highway vehicle, and commercial vehicle. Besides furnishing
a granular analysis of each segment, the TMR report also provides
insights into the current competitive dynamics in the market by
factoring in the growth drivers and restraints and the leading
players and their strategies. It calculates the current market size
and leverages it along with historical data to make forecasts about
the market’s future prospects.
Global Vehicle
Anti-Theft System Market: Drivers and Trends
The massive increase
in the number of vehicles of different kinds, alarming instances of
vehicle thefts, and the rising awareness about vehicle anti-theft
devices are at the forefront of driving demand in the global vehicle
anti-theft system market. Staving off vehicle thefts, particularly in
common parking lots, has necessitated the use of more advanced
anti-theft systems with superior technology to augment passenger
safety and convenience. Vehicle immobilizers, for instance, notify
vehicle owners on their registered phone numbers in case of a forced
entry. The notification also includes image of the person driving the
vehicle and the location of the vehicle. All these features have led
to the soaring popularity of immobilizers.
The use of
cutting-edge technologies such as continuous-wave and pulse-echo
algorithms, microprocessors with digital signal processing,
inclination and ultrasonic sensors, closed tool chain for
configuration and simulation, and rechargeable batteries, in such
innovative products has greatly boosted the market. The increasing
demand for multifactor authentication and rising use of biometric
technology are key factors driving the growth of the vehicle
anti-theft system market across all regions. Besides, government
regulations pertaining to vehicle safety in different countries are
also driving growth. One factor preventing uptake of the anti-theft
systems is their expensiveness.
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Global Vehicle
Anti-Theft System Market: Geographical Outlook
Regionally, the
global market for anti-theft systems can be segmented into
Asia-Pacific, North America, South America, Europe, and the Middle
East and Africa. Among them, Asia-Pacific region leads the market in
terms of value. This is because of the year-on-year growth in sales
in the automotive industry and burgeoning production of automobiles
in the region brought about by the rapidly rising urban population.
Going forward too, Asia Pacific will maintain its dominant market
share.
Asia Pacific is
followed by North America and then Europe vis-à-vis market share.
The market in North America is being propelled by the presence of
original equipment manufacturers (OEM), namely Ford Motor Company,
General Motors, and Fiat-Chrysler Automotive in the region. This
coupled with a substantial customer base and high purchasing power of
end-users has upped demand for vehicles, which in turn has boosted
the market for anti-theft vehicle systems.
Key Players
Mentioned in the Report
To present an
in-depth assessment of the competition prevailing in the global
market for anti-theft systems, the report profiles companies such as
Robert Bosch GmbH, Continental AG, Tokai Rika, Ltd., Lear
Corporation, Johnson Electric, Delphi Automotive LLP, Mitsubishi
Electric Corporation, and VOXX International Corp.
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