Vehicle Anti -Theft Market, Share, Analysis, Trend, challenges, Opportunities and Forecast to 2022

Global Vehicle Anti-Theft Market, by product (Immobilizer, Steering lock, Central locking, alarm), by technology (GPS, GSM, RTLS, Face detection system, automotive biometric technology) by vehicle type (Passenger car, Commercial vehicle) - Forecast 2016-2022.

Market Scenario:

Vehicle anti-theft system is a technology which is used to prevent unauthorized access of vehicle. Anti-theft systems have evolved from the invention of lock and key to the introduction of biometric technology. Anti-theft devices adds security to vehicles and may also lower vehicle insurance rates. It also provides advanced protection like stolen vehicle tracking, microprocessors with digital signal processing, ultrasonic sensors, rechargeable batteries, and closed tool chain for configuration and simulation.

Sophisticated security system ,alert message to mobile phone and rising awareness about vehicle anti-theft devices are some of the factors which driving the market. Moreover, Safety and convenience of end user and also provide advance systems such as car security camera, steering lock, and other encouraging factors for vehicle anti-theft market. Government also taking initiatives for vehicle anti-thefts by providing secure parking at night also. However, the rising production cost makes these features unaffordable for consumers and hamper the market of vehicle anti-theft system.

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Regional Analysis:

Vehicle Anti-Theft market is application driven, and systems are gaining popularity across the end user and technologies like such as GPS, RTLS, and Automotive Biometric Technology which is referred as one of the major driving factors for market. Asia pacific is estimated to account for the largest share, in terms of value, of the Vehicle Anti-Theft System Market. This can be mainly attributed to the rising vehicle production and the increasing installation of safety features in passenger cars, commercial vehicles.

Asia Pacific is followed by North America and Europe. Increasing installation of safety features and rising vehicle production and the presence of manufacturers such as Ford Motor Company, General Motors, and Fiat in the region are driving the market of vehicle anti-theft. Additionally, high demand from customers and high purchasing power has upped demand for vehicles and boosted the market for anti-theft vehicle systems.

Key Players:

The major player operating in the market of Global Vehicle Anti-Theft are Continental AG, Robert Bosch GmbH, Tokai Rika, Ltd., Lear Corporation, Johnson Electric, Delphi Automotive LLP, ZF-TRW, Mitsubishi Electric Corporation, and VOXX International Corp.

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• Manufacturer
• Research Institute / Education Institute
• Potential Investors

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