Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The vehicle anti-theft market is influenced by several market factors that shape its growth and dynamics. One significant factor is the increasing rate of vehicle theft globally. As vehicles become more sophisticated and expensive, they become attractive targets for thieves. This rising trend of theft creates a demand for robust anti-theft solutions, thus driving the growth of the vehicle anti-theft market.
Additionally, advancements in technology play a crucial role in shaping the vehicle anti-theft market. Manufacturers are constantly innovating to develop more effective and intelligent anti-theft systems. Features such as GPS tracking, immobilizers, and remote monitoring have become standard in many modern vehicles, contributing to the growth of the market. Moreover, the integration of these technologies with smartphone apps and other connected devices enhances convenience and security, further fueling market expansion.
Furthermore, government regulations and mandates concerning vehicle security also influence the vehicle anti-theft market. Many countries have implemented strict regulations requiring the installation of anti-theft devices in vehicles to reduce theft rates and enhance public safety. Compliance with these regulations drives the adoption of anti-theft systems, thereby stimulating market growth.
Consumer awareness and perception of vehicle security also impact the market. With an increasing emphasis on safety and security, consumers are more inclined to invest in anti-theft measures for their vehicles. High-profile cases of vehicle theft and the resulting financial losses contribute to heightened awareness among consumers, prompting them to seek reliable anti-theft solutions.
Moreover, the automotive industry's overall growth and trends influence the vehicle anti-theft market. As the automotive sector expands and introduces new models with advanced features, there is a parallel demand for innovative anti-theft technologies to safeguard these vehicles. Additionally, the growing popularity of electric vehicles (EVs) presents new opportunities for the anti-theft market, as EV-specific security solutions are developed to address the unique characteristics of electric vehicles.
Economic factors also play a role in shaping the vehicle anti-theft market. Economic stability and disposable income levels influence consumers' purchasing decisions regarding vehicle security solutions. During periods of economic prosperity, consumers may be more willing to invest in premium anti-theft systems, whereas economic downturns may lead to a preference for more affordable options.
Furthermore, the prevalence of organized crime and theft rings can significantly impact the vehicle anti-theft market. These criminal networks often target high-value vehicles for theft and resale on the black market. In response, manufacturers and law enforcement agencies collaborate to develop sophisticated anti-theft technologies to counter these threats, driving innovation in the market.
Lastly, the emergence of new distribution channels, such as online retail platforms, has transformed the vehicle anti-theft market. Consumers now have access to a wide range of anti-theft products through e-commerce channels, offering convenience and competitive pricing. This shift in distribution channels has expanded the market reach and accessibility of anti-theft solutions, contributing to market growth.
In conclusion, the vehicle anti-theft market is influenced by various market factors, including increasing theft rates, technological advancements, government regulations, consumer awareness, industry trends, economic conditions, criminal activity, and distribution channels. Understanding and adapting to these factors are essential for stakeholders in the vehicle anti-theft industry to capitalize on opportunities and drive future growth.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Growth Rate | (2023-2032 |
Vehicle Anti Theft Market Highlights:
Vehicle Anti-Theft Market Overview
The Vehicle Anti-Theft Market is projected to grow from USD 15360.66 Mn in 2021 to USD 29240.98 Mn by 2032, exhibiting a compound annual growth rate (CAGR) 7.4% during the forecast period (2023 - 2032).
According to the reports, the rate at which the global vehicle anti-theft market size is anticipated to expand in the next term is rather impressive, and it is expected to be consistent throughout the review period. A car anti-theft system is a device that prevents illegal vehicle entry. Anti-theft methods have developed from the development. Anti-theft devices increase vehicle security and may decrease car insurance premiums. It also has advanced security features such as stolen vehicle tracking, microprocessors with digital signal processing, ultrasonic sensors, rechargeable batteries, and a closed toolchain for setup and simulation.
The market for vehicle anti-theft is application-driven, with systems increasing popularity among end-users and technologies such as GPS, RTLS, and Automotive Biometric Technology, which are referred to as one of the key driving reasons for the industry. In terms of value, Asia Pacific is expected to have the highest share of the Vehicle Anti-Theft Market. This is mostly due to increased vehicle manufacturing and the installation of safety systems in passenger cars and commercial vehicles. Vehicle anti-theft systems have gone a long way over the years, from basic locks and keys to sophisticated biometric identification systems. The underlying technology and equipment used to prevent illegal entry to cars have changed dramatically. The adoption of car anti-theft systems is influenced by a variety of variables, including simplicity of use, financial expenses, and the theft threshold. While some basic gadgets deactivate the car, others provide advanced security like stolen vehicle tracking, inside intrusion detection, battery-powered sounders, and inclination detecting devices, to name a few.
This report contains all the information on the global Vehicle Anti-Theft Market value and its strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the global Vehicle Anti-Theft Market outlook and forecast to 2027 is also included in the report.
Covid 19 Analysis
The COVID-19 pandemic outbreak had a detrimental influence on the market for car anti-theft systems in 2020. As a result of the epidemic, places all across the world were put under lockdown. As a result, industrial factories were temporarily shut down, and raw material supply chains were severely disrupted. The market for car anti-theft systems, on the other hand, is anticipated to rebound from 2021 onwards and increase at a modest rate between 2021 and 2025.
Competitive landscape
To remain competitive in the vehicle anti-theft industry, major corporations are creating sophisticated technology and releasing new goods. Mergers and acquisitions, as well as new product creation, are examples of competitive tactics.
Major Key Players
- Continental AG
-
Robert Bosch GmbH - Tokai Rika, Ltd.
- Lear Corporation
- Johnson Electric
- Delphi Automotive LLP
- ZF-TRW
- Mitsubishi Electric Corporation
- VOXX International Corp.
Market Dynamic
-
Drivers
The worldwide vehicle anti-theft market growth is being driven by significant growth in the number of cars of all types, alarming occurrences of vehicle thefts, and growing knowledge about vehicle anti-theft systems. To combat car thefts, particularly in public parking lots, more modern anti-theft systems with superior technology have been used to improve passenger safety and convenience. In the event of a forced entrance, car immobilizers, for example, send a text message to the vehicle owner's registered phone number. The photograph of the person operating the car and the vehicle's position is also included in the notice.
The use of cutting-edge technologies in such innovative products, such as continuous-wave and pulse-echo algorithms, microprocessors with digital signal processing, inclination, and ultrasonic sensors, closed toolchains for configuration and simulation, and rechargeable batteries, has boosted the market significantly. The expanding usage of biometric technology and the rising need for multifactor authentication are important factors driving the growth of the vehicle anti-theft system market in all regions. Government laws governing car safety in many nations are also propelling expansion. The cost of anti-theft systems is one issue impeding their adoption.
-
Opportunities
Increasing R&D operations to develop car anti-theft system technologies that combine luxury and safety is expected to offer new revenue opportunities for manufacturers operating in the target market. Porsche AG, located in Germany, has included GPS-assisted anti-theft security in its models. Furthermore, the business has released a car monitoring software that can be accessed via a smartphone.
-
Restraints
The cost of installing an anti-theft system adds to the overall cost of the car. As a result, it is projected to have a modest acceptance rate in the worldwide vehicle anti-theft market, particularly in developing nations.
-
Challenges
The major challenge for the worldwide vehicle anti-theft industry is the rise in cybersecurity risks.
Cumulative Growth Analysis
The vehicle anti-theft market in the United States is expected to be worth $2.7 billion by 2020. China, the world's second-biggest economy, is expected to reach a projected market size of US$3.1 billion by 2027, with a CAGR of 8.8 percent from 2020 to 2027. Other notable geographic markets include Japan and Canada, which are expected to expand at 3.1 percent and 5.2 percent, respectively, between 2020 and 2027. Germany is expected to develop at a CAGR of about 3.6 percent in Europe.
The worldwide Steering Lock segment will be led by the United States, Canada, Japan, China, and Europe, with a 4.9 percent CAGR. These regional markets, which had a combined market value of US$518.2 million in 2020, are expected to grow to US$722.7 million by the end of the research period. China will continue to be one of the fastest expanding markets in this cluster of regional markets. Asia-Pacific, led by nations such as Australia, India, and South Korea, is expected to reach US$2 billion by 2027, while Latin America will grow at a 6.4 percent CAGR throughout the research period.
Value Chain Analysis
According to the latest research report, the global vehicle anti-theft market divides it into four sections: product, technology, vehicle type, and region. In terms of technology, the market is split into three categories: global positioning system (GPS), real-time location system (RTLS), and global system for mobile communication (GSM). The market is divided into four product categories: steering lock, immobilizer, biometric capture device, and alarm. The immobilizer segment leads among them due to the required installation of immobilizers, which has considerably reduced thefts in many nations. Because of government mandates, the segment is expected to maintain its dominating position in the future.
Segmentation Overview
The market is segmented based on product, technology, vehicle type, and region. The global vehicle anti-theft market trends are expected to witness decent growth during the forecast period.
By Application
Based on the application, the market is segmented into steering lock, immobilizer, biometric capture device, and alarm.
By end-users
Based on the propulsion types, the market is segmented into global positioning systems (GPS), real-time location systems (RTLS), and global systems for mobile communication (GSM).
Regional Analysis
According to the reports, based on region, the global vehicle anti-theft market is divided into North America, Europe, Asia Pacific, and the rest of the world. In terms of value, the Asia-Pacific region dominates the market. This is due to the region's fast-growing urban population, which has resulted in a year-on-year increase in vehicle sales and booming automobile manufacturing. The Asia Pacific will continue to dominate the industry in the future. In terms of market share, Asia Pacific is followed by North America and then Europe. The presence of original equipment manufacturers (OEMs) in the area, such as Ford Motor Company, General Motors, and Fiat-Chrysler Automotive, is propelling the industry in North America. This, along with a large customer base and strong spending power among end-users, has increased car demand, boosting the vehicle anti-theft market share.
Report Overview
The following report comprises of –
- Market Overview
- Covid 19 Analysis
- Market Dynamic
- Drivers
- Opportunities
- Restraints
- Challenges
- Cumulative Growth Analysis
- Value Chain Analysis
- Segmentation Overview
- By Application
- By End-Users
- Regional Analysis
- Competitive landscape
Recent Developments
- Porsche, a prominent German vehicle manufacturer, has announced that its vintage Porsche models will now include GPS-enabled anti-theft protection.
- Bosch, a prominent provider of anti-theft systems for cars, has announced a new TRACI solution for monitoring agricultural and construction machines, vehicles, and specialist equipment.
Segmentations
Breakup by Vehicle Type:
- Passenger Vehicle
- Commercial Vehicle
- Others
Breakup by Product Type:
- Immobilizers
- Alarm
- Steering Lock
- Central Locking System
- Biometric Capture Device
- Remote Keyless Entry
Breakup by Technology:
- Global Positioning System (GPS)
- Global System for Mobile Communications (GSM)
- Real-Time Location System (RTLS)
- Face Detection System
- Remote Frequency Identification Device (RFID)
- Automotive Biometric Technology
Breakup by Region:
- North America
- United States
- Canada
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
