Press release
Vehicle Anti-Theft Market: Current Trends, Opportunities, Challenges & Forecast by 2022
Vehicle Anti -Theft Market
The global market of Vehicle Anti-Theft is growing rapidly. Focus towards improved efficiency, and advance technological advancement makes Vehicle Anti-Theft popular among manufacturers as well as consumers. Such Vehicle Anti-Theft system accounts for features like increase safety and thus can conveniently use and greatly boosting the market. Immobilizer segment is estimated to account for the largest share in the vehicle anti-theft system market due to mandatory installation and government mandates. Moreover, a tracking system that emits a signal to police station when the vehicle is reported stolen. New trend shows that ability to unlock cars by just via facial, biometrics gives stronger security than physical car keys or fobs which can easily stole or replicated. Overall, demand for Vehicle Anti-Theft systems and in different technologies are expected to rise notably during the next few years.
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Key Players:
The prominent players in the Vehicle Anti-Theft includes- Continental AG, Robert Bosch GmbH, Tokai Rika, Ltd., Lear Corporation, Johnson Electric, Delphi Automotive LLP, Johnson Electric, ZF-TRW, Mitsubishi Electric Corporation, and VOXX International Corp.
Market Research Future Analysis:
Growing consumer demand for smart technology, increasing safety regulations, are the major factors which driving the market of Vehicle Anti-Theft. Smartphone applications use biometric pattern recognition and interface with cars to provide access to ignition and other valuable services. Moreover, the biometric sensors also help drivers to stay focused on the road by keeping a check on their mobile phone usage. The trend replacing the earlier concept and are more useful for vehicle access. It makes process easier and convenient.
Asia-Pacific region leading the market of vehicle anti-theft in terms of value. This is because of the growth in sales in the automotive industry and production of automobiles and rapidly rising urban population are the boosting factors for the market.
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