Automotive
May 21, 2019

Vehicle Anti-Theft System Market

The reportVehicle Anti-Theft System Market is projected to grow at a CAGR of 6.92% from 2016 to 2021. The market is estimated to be USD 8.33 billion in 2016, and is projected to reach 11.64 billion by 2021. In this study, 2015 has been considered the base year, and 2016 to 2021 the forecast period, for estimating the market size of the vehicle anti-theft system market.

The market report analyzes and forecasts (2016 to 2021) the market size, in terms of volume (units) and value (USD million), of the vehicle anti-theft system market. The report segments the vehicle anti-theft system market and forecasts its size, by volume and value, on the basis of region (Asia-Pacific, Europe, North America, and Rest of the World (RoW)). It provides a detailed analysis of various forces acting in the market (drivers, restraints, opportunities, and challenges). It also segments the vehicle anti-theft system market and forecasts its size, by volume and value, on the basis of product type (alarms, immobilizers, steering locks, biometric capture devices, and passive keyless entry systems). Additionally, it segments the vehicle anti-theft system market and forecasts its size, by volume and value, on the basis of technology (global positioning system, global system for mobile communication, face detection system, real-time location system, remote frequency identification device, and automotive biometric technology). The report strategically profiles key players and comprehensively analyzes their market shares and core competencies. It also tracks and analyzes competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants.

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Market Dynamics

Drivers

  • Increased safety regulations due to the high incident of vehicle thefts
  • Multi-factor authentication for vehicle safety
  • Technology advancements in the anti-theft industry

Opportunities

  • Rise in Bluetooth and NFC-based technologies
  • Rise of biometric technology

Challenges

  • Increase in cyber security risk

Critical Questions which the report answers:

  • What are major industry trends of the anti-theft system market?
  • What would be the impact of increased safety regulations due to high incident of vehicle theft on vehicle anti-theft system market?
  • What are the technological developments in the vehicle anti-theft system market?
  • Which are the market leaders in vehicle anti-theft system market?

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Available Customizations

MarketsandMarkets offers the following customizations for this market report:

  1. Detailed analysis and profiling of additional regions (up to 3)
  2. Detailed analysis and profiling of additional market players (up to 3)

The vehicle anti-theft system market, in terms of value, is projected to grow at a CAGR of 6.92% from 2016 to 2021. The market is estimated to be USD 8.33 billion in 2016, and is projected to reach USD 11.64 billion by 2021. The growth of the vehicle anti-theft system market is fueled by increasingly stringent safety regulations, technological advancements, and the growing adoption of biometric technologies.

The vehicle anti-theft system market has been segmented on the basis of product, technology, vehicle type, and region. The market has been segmented on the basis of product type into alarms, steering locks, immobilizers, passive keyless entry, biometric capture devices, and central locking. The immobilizer segment is estimated to account for the largest market share, in terms of value, in 2016.

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Asia-Pacific: Largest market for vehicle anti-theft systems

Asia-Pacific is estimated to account for the largest share, in terms of value, of the vehicle anti-theft system market in 2016. The demand for anti-theft systems in this region is triggered by the growing population in urban areas. The automotive industry in Asia-Pacific has witnessed a year-on-year increase in sales. The region is also the leading producer of automobiles in the world.

The report analyzes all major players in the vehicle anti-theft system market, including Robert Bosch GmbH (Germany), Continental AG (Germany), Lear Corporation (U.S.), and ZF-TRW (U.S.).

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Source: Vehicle Anti-Theft System Market outlook