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Vehicle Anti-theft System Market Expand At The Fastest CAGR Of 7% During The Forecast Period 2022 to 2031 : FactMR

01-24-2022 09:53 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact Mr

With alarming instances of vehicle thefts across the globe, the demand for vehicle anti-theft system has been undergoing a sea change. Fortifications in the vehicle anti-theft systems have further encouraged integration of smartphones & smartwatches, thereby influencing dynamics of the vehicle anti-theft system market. Moreover, exclusive features such as GPS-tracking and fuel-oriented updates are pushing adoption of vehicle anti-theft systems. To enlighten readers about stellar business opportunities in the industry, Fact.MR compiled a research study on vehicle anti-theft system market for the forecast period of 2017 to 2022. The report opines the global vehicle anti-theft system market to touch a valuation of US$ 9,670.5 Mn by 2022-end.

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Recent Surge in Car Theft Incidences Present Lucrative Opportunities for Vehicle Anti-Theft System Market

Although the vehicle anti-theft system industry has come a long way in terms of introducing exponential security systems, the relay theft technique opted by modern tech-savvy thieves is failing the advanced anti-theft system.According to a recent data from the Office for National Statistics (ONS), incidences of stolen vehicles increased by 56% in 2017 as compared to in 2016. Cars with keyless entry vehicle anti-theft systems are found to be more vulnerable to such threats despite their technological excellence.

As new tactics such as relay theft fail the advanced vehicle anti-theft systems, the vehicle anti-theft system industry is bound to win over consumer trust by introducing superior security solutions in the vehicle anti-theft system market.

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Additional Questions Answered

In addition to the aforementioned insights of the vehicle anti-theft system market, the report addresses other vital facets that hold significance in transforming the global market landscape of vehicle anti-theft systems during the forecast period.

How will the evolving government regulations shape the future progress of the vehicle anti-theft system market?

What will be the key business strategies of manufacturers in the vehicle anti-theft system market to address increasing incidences of car thefts?

How will OEMs in the vehicle anti-theft system market match the pace of evolving technology trends?

About the Report

Fact.MR has compiled a market research analysis of the vehicle anti-theft system market in the report titled “Vehicle Anti-theft System Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022”.

A comprehensive analysis backed by historical data and current market scenario has formed the basis of the derived forecast of the vehicle anti-theft system market during the period 2017 – 2022.

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