Vehicle Anti-Theft System Market to grow at highest CAGR and reach remarkable market value during 2019 and 2023 due to sophisticated security system, alert message to mobile phone and rising awareness about vehicle anti-theft devices. Other factors such as safety and convenience of end user and also provide advance systems such as car security camera, steering lock are expected to drive the market in future.
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Key Players:
Continental AG, Robert Bosch GmbH, Tokai Rika, Ltd., Lear Corporation, Johnson Electric, Delphi Automotive LLP, ZF-TRW, Mitsubishi Electric Corporation, and VOXX International Corp.
Global Vehicle Anti-Theft System Market Analysis:
There are various trends evolved in the anti-theft vehicle system which are implemented using Global Positioning System (GPS) and Global System for Mobile Communication (GSM). This system is smart enough to locate the vehicle if it has stolen. There are various developments taken place in the anti-theft system which includes operation of ARM 7 microcontroller, GSM and GPS module simultaneously with an accelerometer and temperature sensor, hybrid GPS-GSM localization of vehicles Tracking System, security system based on RFID, GPS and GSM, and among others. All the above models are effective in terms of vehicle security is concerned.
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 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.
Market Segmentation:
The global vehicle anti-theft market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Product: Comprises Immobilizer, Steering lock, Central locking, Alarm.
Segmentation by Technology: Comprises GPS, GSM, RTLS, Face Detection System, And Automotive Biometric Technology.
Segmentation by Vehicle Type: Comprises Passenger car, Commercial vehicle
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
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.
Industry News:
Table Of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porters Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Vehicle Anti-Theft System Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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