Key players operating in the global automotive anti-theft systems market include Robert Bosch GmbH, Continental AG, Tokai Rika, Ltd., Lear Corporation, Johnson Electric, Delphi Automotive LLP, Mitsubishi Electric Corporation, and VOXX International Corp.
Automotive theft has been a persistent issue in the automotive industry across the world. Stealing a vehicle has no longer remained a tough task owing to the increasing advancements in the electronic systems which are used to control the vehicle operation and the newer methods of stealing a vehicle that have been developed by thieves in recent years. Automotive OEMs (original equipment manufacturers) are focusing on developing anti-theft systems with a view to prevent vehicle thefts. Advanced and sophisticated biometric system is an example of the anti-theft systems that have been utilized to avoid vehicle thefts in recent years.
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Increasing number of cases of vehicle theft have been witnessed in recent years, in spite of vehicles being equipped with certain inbuilt security and safety features. Anti-theft systems in a car may not work properly if the battery of the car is dead, or if the immobilizer chip in the key of the car is damaged, or if the door locks are damaged. This is prompting the development of new and even better anti-theft systems for vehicles, which can counterfeit the increasing efforts of car thieves to steal cars. This is expected to drive the automotive anti-theft system market during the forecast period. Increasing developments involving the usage of advanced technologies such as global positioning system (GPS) and global system for mobile communication (GSM) in developing more efficient anti-theft systems for vehicles is anticipated to further boost the automotive anti-theft system market in the near future.
Semi-autonomous vehicles that are equipped with ADAS (advanced driver assistance systems) are already running on roads across the world. Moreover, increasing efforts are being taken for the development and introduction of autonomous vehicles on the road. Autonomous vehicles are expected to be running on roads in the next few years. Semi-autonomous and autonomous vehicles pose a threat of being hacked since both semi-autonomous as well as autonomous vehicles depend on highly advanced electronic systems and software for their operation. These advanced software systems are susceptible to hacking. Hacking can completely assign the control of the vehicle to the hacker, which in turn is likely to place the life of the driver at risk. Furthermore, vehicle thieves are devising newer and flawless methods to steal vehicles without leaving behind a single clue to reveal the identity of the thief. Also the incorporation of anti-theft system in vehicles increases the overall price of the vehicles, which may not always be affordable to all consumers. This is expected to hamper the growth of the automotive anti-theft system market during the forecast period.
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Based on the mode of operation, the automotive anti-theft system market can be segmented into disabling the vehicle and providing advanced protection. The automotive anti-theft system which is based on the principle of disabling the vehicle consists of an electrical circuit that disconnects and prevents the current from flowing to the engine when a thief attempts to steal it. Consequently, the vehicle does not start and the thief is not able to steal the vehicle. The anti-theft systems that are based on the principle of providing advanced protection includes detection of interior intrusion, battery backed sounders, inclination sensing devices, and alarm systems for warning the car owner.
Currently, the providing advanced protection segment holds a major share of the automotive anti-theft systems market. However, the disabling the vehicle segment is anticipated to expand rapidly during the forecast period. This is ascribed to the anti-theft systems based on disabling or immobilizing the vehicle being more secure and assured than the anti-theft systems based on providing advanced protection.
Based on vehicle type, the automotive anti-theft system market can be divided into passenger vehicles, commercial vehicles, and off-highway vehicles. The commercial vehicles segment can be further sub-segmented into light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), and buses & coaches. The passenger vehicles segment is anticipated to expand at a significant growth rate during the forecast period owing to the increasing production volumes of passenger vehicles in recent years.
Based on product, the automotive anti-theft system market can be divided into steering lock, alarm system, biometric capture device, immobilizer, remote keyless entry, and central locking. Currently, the biometric capture device segment and the central locking segment hold a prominent share of the automotive anti-theft system market. However, the immobilizer segment is projected to expand at a significant growth rate during the forecast period owing to the more secure nature of the immobilizer as compared to the other anti-theft devices.
Based on technology, the automotive anti-theft system market can be segmented into global positioning system (GPS), global system for communication (GSM), real-time location system (RTLS), and others. The others segment includes anti-theft systems such as face detection system, biometric technology, and global radio frequency identification. Based on technology, the GSM segment is anticipated to expand at a rapid pace during the forecast period. This is because the GSM technology can be employed to intimate the owner of the vehicle about any unauthorized entry in the vehicle. Whenever any unauthorized person enters the vehicle, an SMS (short message service) is sent to the owner of the vehicle and on receiving the SMS, the owner of the vehicle can send back the SMS with the necessary instructions to stop the vehicle immediately. The GSM segment is anticipated to be followed by the GPS segment, since the GPS system enables the owner of the vehicle to track the exact location of the vehicle.
Based on sales channel, the automotive anti-theft system market can be classified as OEM (original equipment manufacturer) and aftermarket. The OEM segment is anticipated to expand at a significant growth rate during the forecast period owing to the rising awareness among vehicle manufacturers to provide certain inbuilt anti-theft systems in vehicles due to the increasing number of cases of vehicle theft being witnessed for the last few years. However, some consumers prefer to install more advanced anti-theft systems in their vehicles after certain years of purchasing the vehicle.
Based on geographical region, the automotive anti-theft system market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to lead the global automotive anti-theft system market during the forecast period owing to the increasing vehicle production and the presence of well-established vehicle manufacturers in some countries of Asia Pacific such as China, Japan, and South Korea. Asia Pacific is expected to be followed by North America owing to the high adoption rate of technology and the increasing research and development activities for developing better and more efficient automotive anti-theft systems being carried out in the region.