Press release
Car Anti-Theft Devices Market is Expected to Grow at a CAGR of over 6.11% | During 2022-2028 | Vantage Market Research
According to Vantage market research the global Car Anti-Theft Devices market was valued at USD 11.24 Billion in 2020 and is projected to reach USD 18.06 Billion by 2028, growing at a CAGR of 6.11% from 2021 to 2028.
Key Findings and Insights from the report:
• The report presents the estimated CAGR of 6.11% size of the Car Anti-Theft Devices Market at the end of the forecast period.
• The Global Car Anti-Theft Devices market is predicted to reach a value of USD 18.06 Billion by 2028.
• The report includes an overview of the market, the financial performance of key players its segmentation, its geographical scope.
• The report provides a detailed evaluation of the market by highlighting information on various aspects which include restraints, drivers, opportunities, and threats.
• Insight also covers the price, production, share, and growth rate of these top manufacturers and examines the competitive scenario for a better understanding of the market synopsis.
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A car anti-theft system is a device or method that prevents unauthorized access to a vehicle. Manufacturers fit this device to prevent it from being used by an unauthorized person. To enable this they install these devices in cars. The car anti-theft system works with the use of various sensors installed in and around the car. An impact or movement inside the car activates the sensor. This, in turn, triggers the anti-theft alarm system and sounds the alarm. The alarm sounds and alerts the car owner. Even a change in vehicle position can alert the tilt sensor and activate the car's anti-theft alarm system.
Market Segmentation:
By Product Type:
• Steering Lock
• Alarm
• Biometric Capture Device
By Application:
• Passenger Car
• Commercial Vehicle
• Off-Highway Vehicles
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COVID-19 Impact Analysis of Car Anti-Theft Devices Market:
In 2020, the rapid spread of COVID-19 significantly affected global business operations, disrupting supply chains and impacting various industries. The nationwide lockdown, international border seals and strict social distancing measures have led to a sharp drop in global business activity. This had a huge impact on the global economy, as companies around the world were forced to either completely or partially shut down their operations, causing disruption in the supply-demand ratio. Moreover, 2021 saw a second wave of COVID-19 in several key markets such as the US, India and Brazil which further disrupted the market.
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The Car Anti-Theft Devices market regional level analysis:
• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
• North America (United States, Canada and Mexico)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
• South America (Brazil, Argentina, Colombia, and Rest of South America)
List of Leading Players in the Global Car Anti-Theft Devices Market:
• Continental AG
• Delphi Automotive
• Lear Corporation
• ZF TRW Automotive Holdings Corporation
• Robert Bosch GmbH
• Mitsubishi Electric Corporation
• VOXX International
• TOKAI RIKA Co. Ltd.
• Johnson Electric
• U-Shin Ltd.
• Cheetah
• Hella
• Fortin
• Viper
• Valeo
• Mitech
• Compustar
• Autowatch
• Crimestopper
• Scorpion Group
• Ikeyless
• Changhui
• Hirain
• Shouthern Dare
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Reason for buying this Car Anti-Theft Devices Market Report:
• The report highlights the macroeconomic forces that are affecting the strategies and policies in the market.
• Report provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
• It provides a six-year forecast assessed on the basis of how the market is predicted to grow
• The report provides market leading players with facts and insights on the Car Anti-Theft Devices market.
• It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of industry segments.
• Disruption and uncertainties in the industry are studied in the report.
• It provides the key product segments and their future.
• The report identifies bottlenecks and problems associated with businesses operating in the Car Anti-Theft Devices market and provides possible solutions to those problems.
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We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out the constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans 70% of Global Fortune 500 companies. The company provides high quality data and market research services. The company serves various enterprises and clients in a wide variety of industries. The company offers detailed reports on multiple industries including Chemical Materials and Energy, Food and Beverages, Healthcare Technology, etc. The company's experienced team of Analysts, Researchers, and Consultants use proprietary data sources and numerous statistical tools and techniques to gather and analyze information.
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