Vehicle Anti-Theft System Market By Product (Alarm, Biometric capture device, Passive keyless entry, Central locking system, Immobilizer, Steering lock), By Technology (Global Positioning System, Remote Frequency Identification Device, Real-time Location Systems, Automotive Biometric Technologies, Others), By Sales channel (OEM, Aftermarket), By Vehicle type (Passenger cars, Commercial vehicles): Global Opportunity Analysis and Industry Forecast, 2021-2031
Vehicle anti-theft systems refer to the system built or installed into a vehicle to reduce vehicle theft cases. One of the most important components in automotive engineering is the vehicle safety system. In the automotive industry, various types of security systems are used to ensure vehicle safety such as alarm systems, immobilizers, voice, and facial recognition systems, and kill switches are used to assure the safety of vehicles. The vehicles are integrated with advanced safety technologies such as Global Positioning System, Remote Frequency Identification Device, Real-time Location Systems, and Automotive Biometric Technologies that prevent vehicle theft. This boosts the demand for vehicle anti-theft systems globally. The adoption of smart technology for vehicle safety and improved convenience, product development to cater to changing demand patterns, and a rise in the number of vehicle thefts and vandalism incidents are anticipated to drive the growth of the global vehicle anti-theft system market during the forecast period. However, the challenges associated with vehicle anti-theft systems such as the high cost of the anti-theft systems and the decrease in production and sale of automobiles are anticipated to restrain the market growth during the forecast years.
The vehicle anti-theft system market is segmented into product, technology, sales channel, vehicle type, and region. On the basis of product, the market is segmented into alarm, biometric capture device, passive keyless entry, central locking system, immobilizer, and steering lock. On the basis of technology, the market is segmented into Global Positioning System (GPS), Remote Frequency Identification Device, Real-time Location Systems (RTLS), Automotive Biometric Technologies, and others. On the basis of sales channel, the market is bifurcated into OEMs and aftermarkets. On the basis of vehicle type, the market is bifurcated into passenger cars and commercial vehicles. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
On the basis of product type, the alarm system was the highest revenue contributor to the market due to consisting of a receiver that allows the owner to control the alarm from the vehicle key. In addition, several national insurance authorities have enacted strict regulations for insuring vehicles with a vehicle alarm system which entitles vehicle owners to valid compensation in the event of theft or robbery.
Some major companies operating in the market include Continental AG, Robert Bosch GmbH, Hella GmbH & Co. KGaA, Tokai Rika MFG Co. Ltd., Valeo S.A., Denso Corporation, Stoneridge Inc., Aptiv PLC., Huf Hulsbeck & Furst GmbH & Co. KG, Marquardt Group.
KEY BENEFITS FOR STAKEHOLDERS
This study presents the analytical depiction of the global vehicle anti-theft system market analysis along with the current trends and future estimations to depict imminent investment pockets.
The overall vehicle anti-theft system market opportunity is determined by understanding profitable trends to gain a stronger foothold.
The report presents information related to the key drivers, restraints, and opportunities of the global vehicle anti-theft system market with a detailed impact analysis.
The current vehicle anti-theft system market is quantitatively analyzed from 2021 to 2031 to benchmark financial competency.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Key Market Segments
By Product
Alarm
Biometric capture device
Passive keyless entry
Central locking system
Immobilizer
Steering lock
By Technology
Real-time Location Systems
Automotive Biometric Technologies
Others
Global Positioning System
Remote Frequency Identification Device
By Sales channel
OEM
Aftermarket
By Vehicle type
Passenger cars
Commercial vehicles
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Denso Corporation
Huf Hulsbeck & Furst GmbH & Co. KG
Continental AG
Robert Bosch GmbH
Valeo S.A
Aptiv
Tokai Rika Electric Mfg. Co., Ltd.
HELLA GmbH & Co. KGaA
Stoneridge, Inc.
Marquardt Group
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