Vehicle Anti-Theft System Market Size, Trends, Shares, and Forecast - 2031

MARKET OVERVIEW

Vehicle Anti-Theft System avoids unauthorized access to the vehicle. Components involved with these system are biometric capture device, alarm, steering lock, central locking, immobilizer and remote keyless entry. Use of this system enables tracking of stolen vehicle as well as interior intrusion detection. Vehicle Anti-Theft System market is expected to rise at considerable rate, especially in developed countries in upcoming years.

MARKET SCOPE

The "Global Vehicle Anti-Theft System Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the vehicle anti-theft system market with detailed market segmentation by product type, active and passive, vehicle type and geography. The report provides key statistics on the market status of the leading vehicle anti-theft system market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on product type, the global vehicle anti-theft system market is segmented into steering lock, alarm, biometric capture device, immobilizer, remote keyless entry and central locking.
  
•   On the basis of active and passive, the market is segmented into active anti-theft system and passive anti-theft system.
  
•   Based on vehicle type, the market is bifurcated into passenger car, commercial vehicle and off-highway vehicle.
  

MARKET DYNAMICS

Drivers:

•   Growing awareness towards safety and security
  
•   Rising urbanization and increasing per capita disposable income to boost market growth of vehicle anti-theft systems.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The vehicle anti-theft system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the vehicle anti-theft system market in these regions.

IMPACT OF COVID-19 ON VEHICLE ANTI-THEFT SYSTEM MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Vehicle anti-theft systems market is affected considerably as production of vehicles has fallen significantly in last one year. Once the situation becomes normal, this market sees a promising growth.

MARKET PLAYERS

The report covers key developments in the vehicle anti-theft system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from vehicle anti-theft system market are anticipated to lucrative growth opportunities in the future with the rising demand for vehicle anti-theft system in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the vehicle anti-theft system market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Continental AG
  
•   EMIXIS
  
•   Lear Corporation
  
•   Mitsubishi Electric Corporation
  
•   DENSO CORPORATION
  
•   Robert Bosch GmbH
  
•   Tokai Rika Co., Ltd.
  
•   U-Shin Ltd
  
•   TELTONIKA
  
•   VOXX International Corporation
  
  

The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Vehicle Anti-Theft System Report Scope