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The global vehicle anti-theft system market is expected to exhibit a CAGR of 7% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
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.
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 at the global, regional and country level from 2022-2027. Our report has categorized the market based on vehicle type, product type and technology.
Breakup by Vehicle Type:
Breakup by Product Type:
Breakup by Technology:
Breakup by Region:
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.
|Base Year of the Analysis||2021|
|Segment Coverage||Vehicle Type, Product Type, Technology, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Brazil, Mexico|
|Companies Covered||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|
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