Global Stolen Vehicle Recovery System Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Stolen Vehicle Recovery System Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Vehicle recovery system (also known as vehicle tracking system) is a telematics system that allows vehicle owners to retrieve stolen vehicles earlier and with less loss than relying on the police alone. Most vehicle recovery systems combine the GPS transmitter in the car (used for vehicle tracking) and cellular technology (used to send information to or from the monitoring center).

However, there are technical limitations: GPS requires a clear line of sight from the three satellites to determine the location of the car. Therefore, if the car is hidden in the concrete parking structure or any place that blocks the line of sight, it will not work properly.

Market Overview:

The latest research study on the global Stolen Vehicle Recovery System market finds that the global Stolen Vehicle Recovery System market reached a value of USD 18844.57 million in 2022. It’s expected that the market will achieve USD 26072.49 million by 2028, exhibiting a CAGR of 5.56% during the forecast period.

COVID-19 Impact on Trade Promotion Optimization Industry

The COVID-19 outbreak has disrupted business and economic activities globally. It is expected to have a short-term impact on the Stolen Vehicle Recovery System market to a certain extent. With several countries across the globe announcing nationwide lockdowns and temporary closures of various industries, production and manufacturing have been severely affected. Stopping production not only aggravates the shortage of funds for small and medium-sized enterprises, but also reduces the solvency of enterprises, which may affect production and sales. Some enterprises have difficulties in operation and even go bankrupt. The epidemic situation has seriously affected the logistics and transportation, and the transportation of raw materials is difficult. The industrial chain of small and medium-sized enterprises is imperfect and fragile. Trade barriers have further impacted the demand-supply gap. Companies operating in the Stolen Vehicle Recovery System market have suspended non-essential visits/activities until the COVID-19 outbreak is resolved.

Pneumonia epidemic in COVID-19 has a great impact on the aftersales operation of Stolen Vehicle Recovery System industry, especially on small and medium-sized enterprises. Stopping production not only aggravates the shortage of funds for small and medium-sized enterprises, but also reduces the solvency of enterprises, which may affect production and sales. Some enterprises have difficulties in operation and even go bankrupt. The epidemic situation has seriously affected the logistics and transportation, and the transportation of raw materials is difficult. The industrial chain of small and medium-sized enterprises is imperfect and fragile.

Market Drivers


Due to the increase in vehicle thefts, the demand for stolen vehicle recovery systems has been increasing in recent years. For example, in 2017, the FBI reported that 773,139 cars were stolen in the United States, causing a total of $6 billion in damage.

To help reduce car theft (by deterring thieves) and speed up vehicle recovery, automatic theft recovery systems are becoming more and more popular.

Since original equipment manufacturers (OEMs) are committed to integrating advanced safety functions to ensure the safe distribution of goods and effective urban transportation, more OEMs tend to use Stolen Vehicle Recovery System and other advanced systems (for example, autonomous driving systems, safety Detection system) is equipped on the vehicle together. Therefore, with the development of the automotive industry, the penetration rate of Stolen Vehicle Recovery System will continue to increase.

Market Constraints and Challenges

The technology of the anti-theft system is not mature enough and component failures in the stolen vehicle recovery system may hinder the growth of the market.

some professional thieves know how to defeat the system. LAPD Detective Lou Koven, who specializes in auto theft, feels that the service isn't sufficiently law-enforcement friendly, making the police jump through a lot of hoops in order to close in successfully on a stolen vehicle.

These immature systems may allow thieves to find loopholes, which means that the success rate of vehicle recovery will be reduced.

Region Overview:

Asia-Pacific had the highest growth rate of all regions.

Company Overview:

The top three companies are 2.99%, 2.91%,1.98% with the revenue market share of Robert Bosch GmbH, Continental AG and verizon connect in 2021.

The Bosch Group is a leading global supplier of technology and services. It employs roughly 394,500 associates worldwide (as of December 31, 2020). Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology.

Continental AG

Continental AG manufactures tires, automotive parts, and industrial products. The Company produces passenger cars, trucks, commercial vehicles, bicycle tires, braking systems, shock absorbers, hoses, drive belts, conveyor belting, transmission products, and sealing systems. Continental markets its products worldwide.

Segmentation Overview:

By type, Immobilization system segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Passenger Cars segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Stolen Vehicle Recovery System market covered in Chapter 3:

GPS Trackit
Tracker Connect (Pty) Ltd.
Cartrack Holdings Limited
MiX Telematics
Spireon, Inc.
Robert Bosch GmbH
LoJack Corporation
Continental AG
SHENZHEN SEG SMARTECHS CO.,LTD.
verizon connect
Altron
GPS Insight
Ctrack

In Chapter 4 and Chapter 14.2, on the basis of types, the Stolen Vehicle Recovery System market from 2018 to 2029 is primarily split into:

Immobilization system
Alarm system
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Stolen Vehicle Recovery System market from 2018 to 2029 covers:

Passenger Cars
Commercial Vehicles

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)