Press release
Automotive Anti-Theft Systems Market to reach USD 21.25 Bn by 2029, emerging at a CAGR of 6.92 percent and forecast 2023-2029
Automotive Anti-Theft Systems Market, Automotive Anti-Theft Systems Market Share,
The Automotive Anti-Theft Systems Market report, compiled by Maximize Market Research Pvt. Ltd., boasts an extensive scope that encompasses a comprehensive analysis of market trends, key drivers, restraining factors, and insightful regional perspectives. The report delves deep into the realm of automotive security, shedding light on the adoption of sophisticated technologies such as GPS tracking, GSM, face detection, and biometric identification by leading Original Equipment Manufacturers.
Our research methodology employs a robust and meticulous approach. It features an in-depth evaluation of the COVID-19 pandemic's impact on the Global Automotive Anti-Theft Systems Market across diverse regions. By scrutinizing the financial performance of key industry players up until July 2021, our report captures both short-term disruptions and long-term transformations in the market landscape. This meticulous analysis ensures a holistic understanding of the market's intricacies, offering valuable insights to stakeholders, decision-makers, and industry participants. Through this comprehensive approach, our report serves as a valuable resource, empowering stakeholders to make informed choices and navigate the dynamic currents of the Automotive Anti-Theft Systems Market.
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What are Automotive Anti-Theft Systems Market Dynamics:
The heightened demand by the end-users segments of the automotive industry for anti-theft systems is the driving factor the growth of the Global Automotive Anti-Theft Systems Market. Financial losses incurred to insurance companies and owners of the vehicles in event of theft are the contributing element for the preferential installation of the anti-theft systems. For instance, according to the United Nations Office on Drugs and Crime, 748,800 vehicles were stolen in United States of America in year 2018 that is 228.92 vehicles per 1,00,000 population. In addition, strict government provisions by economies around the world to prevent the automotive theft crimes are adding to the growth in the Automotive Anti-Theft Systems Market.
Anticipating the rise in the vehicle theft, automotive manufacturers in luxury vehicle and other passenger vehicle segments are integrating sophisticated anti-theft systems like biometric identification, face recognition devices, real time location systems that enables remote immobilization of vehicle in order to provide value added safety & security features to the users. This factor is facilitating the increased adoption of the Automotive Anti-Theft Systems and creating congenial business environment for the market.
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Automotive Anti-Theft Systems Market Regional Insights:
In terms of regional insights, the Automotive Anti-Theft Systems Market exhibits distinct trends and dynamics across different geographical areas. Asia Pacific emerges as a prominent player in the market, with a projected major market share and an expected Compound Annual Growth Rate (CAGR) of 6.92 percent during the forecast period from 2021 to 2029. This growth is attributed to the presence of renowned market participants such as Toyota, Hyundai, and Honda in countries like Japan and South Korea. The rising share of vehicle sales in the region influences anti-theft vehicle norms, thereby impacting the market's expansion.
In North America, the market's share is anticipated to grow at a CAGR of 6.92 percent during the same forecast period. Industry incumbents such as Ford Motors, General Motors, Fiat-Chrysler, and Tesla play a pivotal role in shaping the landscape of the Automotive Anti-Theft Systems industry in this region. The region's higher purchasing power among the population is expected to stimulate the adoption of advanced anti-theft systems, driven by their desire for cutting-edge security features. A case in point is Tesla's introduction of the 'Enhanced Anti-theft' package for certain models, reflecting the evolving nature of the market and its response to consumer demands. The dynamic interplay of industry giants and evolving consumer preferences in North America underscores the market's vibrancy and potential for growth.
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What is Automotive Anti-Theft Systems Market Segmentation:
by Technology
• Alarm system
• Global Positioning System
• Global System for Mobile Communication
• Real-Time Location System
• Face Detection System
• Remote Frequency Identification Device
• Automotive Biometric Technology
by Vehicle Type
• Passenger vehicle
• Light Commercial vehicle
• Heavy commercial vehicle
by Distribution Channel
• OEM
• Aftermarket
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Who are Automotive Anti-Theft Systems Market Key Players:
• Audi AG
• BMW AG
• Daimler AG
• Continental AG
• Ford Motor Company
• General Motors Company
• Honda Motor Co. Ltd.
• Hyundai Motor Corporation
• Lear Corporation
• Robert Bosch GmbH
• Tesla Inc.
• Toyota Motor Corporation
• Volvo Corporation
• ZF-TRW
Table of content for the Automotive Anti-Theft Systems Market includes:
1. Global Automotive Anti-Theft Systems Market: Research Methodology
2. Global Automotive Anti-Theft Systems Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Automotive Anti-Theft Systems Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4 . Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2022 to 2029)
• Past Pricing and price curve by region (2022 to 2029)
• Market Size, Share, Size and Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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