Vehicle Anti-Theft System Market Share, Size, Growth, Opportunity and Forecast 2020-2025

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Vehicle Anti-Theft System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Market Overview:

The global vehicle anti-theft system market grew at a CAGR of around 6% during 2014-2019. A vehicle anti-theft system refers to an integrated security device that prevents any unauthorized access to the vehicle. It majorly includes alarm, steering lock, central lock, remote keyless access, immobilizer, biometric capture device, etc. An advanced anti-theft system improves vehicle security, provides real-time tracking, and prevents any illegal activity. As a result, it is widely installed in two-wheelers, passenger cars, commercial vehicles, and off-highway vehicles.

The global vehicle anti-theft system market is primarily driven by the growing number of safety regulations pertaining to the high incidences of vehicle thefts. The expanding vehicle fleet along with the increasing awareness towards the safety benefits of anti-theft devices is also augmenting the market growth. Besides this, the implementation of several government regulations regarding vehicle safety is also propelling the market growth. Additionally, various technological advancements have led to the integration of face recognition, voice detection, biometric, and radio frequency identification with vehicle anti-theft systems. Moreover, rising digitalization along with the increasing penetration of smart devices has led to the introduction of remotely monitored safety systems. The emergence of advanced anti-theft devices with Internet-of-Things (IoT), Bluetooth, and near field communication (NFC)-based features is also driving the market growth. Furthermore, the novel sensor technology is increasingly being adopted to reduce the keyless car theft rate across the world. Additionally, the growing popularity of GPS-assisted anti-theft protection systems is also anticipated to drive the demand of vehicle anti-theft systems.

In 2020, the COVID-19 pandemic outbreak negatively impacted the market for vehicle anti-theft systems. As a result of the pandemic, regions across the globe were under complete lockdowns. This resulted in temporary shutdowns of manufacturing plants and major supply chain disruptions of raw materials. The vehicle anti-theft systems market, however, is expected to recover from 2021 onwards and exhibit moderate growth during 2021-2025.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global vehicle anti-theft system market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, vehicle type, product type and technology.

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

Breakup by Region:

North America
- United States
- Canada
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being 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.) and ZF Friedrichshafen AG.

Key Questions Answered in This Report:

How has the global vehicle anti-theft system market performed so far and how will it perform in the coming years?
What has been the impact of COVID 19 on global vehicle anti-theft system market?
What are the key regional markets?
What is the breakup of the market based on the vehicle type?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the technology?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global vehicle anti-theft system market and who are the key players?
What is the degree of competition in the industry?