Vehicle Anti-Theft System Market to rise at highest CAGR and reach remarkable market value during 2019 and 2022 due to the growing demand for vehicles to cater to the earning section of the population, thus raising the demand for anti-theft systems simultaneously, according to Global Vehicle Anti-Theft System Market 2019 Industry Report published by “Market Research Future”.
The key players functioning in the market of global vehicle anti-theft are Mitsubishi Electric Corporation, Robert Bosch GmbH, Continental AG, Tokai Rika, Ltd., Johnson Electric, Lear Corporation, Delphi Automotive LLP, VOXX International Corp, and ZF-TRW.
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An ‘Anti-theft alarm system’ or Car Alarm is a kind of device or system which prevents the unauthorized access to a motorcycle or car, hence such an anti-theft alarm system or device is fitted into it by the manufacturers to prevent access to an unauthorized person.
Another major driver for this market is the rising number of thefts across the globe. The office of National Statistics in the UK reported in 2017 that roughly 89000 vehicle thefts from Wales and England. It was alarmingly higher than the 56000 reported in 2016 and highest since 2012. Even in the US, 11 state legislatures have introduced auto theft prevention departments to prevent auto theft. This massive increase in vehicle thefts has created awareness about anti-theft systems, subsequently creating a huge demand for anti-theft devices. Many automotive giants like Ford, Porsche, and Tesla amongst others, have pre-installed anti-theft systems and various other advanced sensors for the safety and ease of the consumers. Porsche and Tesla also have their own anti-theft systems installed in all their models.
Apart from this, the high cost of anti-theft systems, which is due to the advance technology that is used in the sensors, and the increasing cost of production that makes some technological features unavailable to certain sects of consumers, is a challenge for the market. Nevertheless, the global vehicle anti-theft system market by 2022, is estimated to record an income of over USD 8.5 billion, creating a rise in the CAGR in the forecast period.
The global anti-theft system market is segmented by region, product, technology and by vehicle type. The global market for vehicle anti-theft systems is segmented based on regions, into North America, Europe, Asia Pacific, and the rest of the world. By product, the market is segmented into immobilizer, steering lock, and alarm. Majority of the systems are application driven and the advanced technology used in the sensors makes them detect identity, motion, location and even temperature. By technology, the market is segmented into GPS, RTLS, Face Detection System and Automotive Biometric Technology. By vehicle type, the automotive anti-theft system market is segmented into passenger type, commercial and other.
The immobilizer segment maintained a major market share in 2017, holding nearly 35% of the overall market share. This product segment is estimated to lead the global market during the forecast period.
Asia Pacific region has been leading the market for anti-theft systems and is accounted for the maximum share of the global anti-theft systems market. It dominated the market with a share of nearly 44% in 2017 and is estimated to control the market throughout the forecast period. This is majorly caused by the rise in the purchasing power of the working section of the population and the increase in their disposable income, which creates demand for passenger and commercial vehicle production, subsequently creating demand for anti-theft systems, especially in emerging economies like India and China, which are the industrial hub for automobiles. North America and Europe follow the Asia Pacific region in terms of demand and production. There have been significant investments in North America towards OEM industry to increase the manufacturing capacity of this region, which raises the chances of growth in the forecast period.
In Dec 2017, a new feature has been introduced that includes keyless entry and ignition by Continental Ag in partnership with Avis Budget Group.
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 RESEARCH OBJECTIVES
2.2.2 ASSUMPTIONS & LIMITATIONS
2.3 MARKETS STRUCTURE
3 MARKET RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 SECONDARY RESEARCH
3.3 PRIMARY RESEARCH
3.4 FORECAST MODEL
4 MARKET LANDSCAPE
4.1 FIVE FORCES ANALYSIS
4.1.1 THREAT OF NEW ENTRANTS
4.1.2 BARGAINING POWER OF BUYERS
4.1.3 BARGAINING POWER OF SUPPLIERS
4.1.4 THREAT OF SUBSTITUTES
4.1.5 SEGMENT RIVALRY
4.2 VALUE CHAIN/SUPPLY CHAIN OF GLOBAL VEHICLE ANTI-THEFT SYSTEM MARKET
5 INDUSTRY OVERVIEW OF GLOBAL VEHICLE ANTI-THEFT SYSTEM MARKET
5.2 GROWTH DRIVERS
5.3 IMPACT ANALYSIS
5.4 MARKET CHALLENGES
LIST OF TABLES:
TABLE 1 GLOBAL VEHICLE ANTI-THEFT SYSTEM MARKET: BY REGION, 2017-2023
TABLE 2 NORTH AMERICA VEHICLE ANTI-THEFT SYSTEM MARKET: BY COUNTRY, 2017-2023
TABLE 3 EUROPE VEHICLE ANTI-THEFT SYSTEM MARKET: BY COUNTRY, 2017-2023
TABLE 4 ASIA PACIFIC VEHICLE ANTI-THEFT SYSTEM MARKET: BY COUNTRY, 2017-2023
TABLE 5 MIDDLE EAST & AFRICA VEHICLE ANTI-THEFT SYSTEM MARKET: BY COUNTRY, 2017-2023
TABLE 6 LATIN AMERICA VEHICLE ANTI-THEFT SYSTEM MARKET: BY COUNTRY, 2017-2023
LIST OF FIGURES:
FIGURE 1 GLOBAL VEHICLE ANTI-THEFT SYSTEM MARKET SEGMENTATIONFIGURE 2 FORECAST METHODOLOGY
FIGURE 3 FIVE FORCES ANALYSIS OF GLOBAL VEHICLE ANTI-THEFT SYSTEM MARKET
FIGURE 4 VALUE CHAIN OF GLOBAL VEHICLE ANTI-THEFT SYSTEM MARKET
FIGURE 5 SHARE OF GLOBAL VEHICLE ANTI-THEFT SYSTEM MARKET IN 2017, BY COUNTRY (IN %)
FIGURE 6 GLOBAL VEHICLE ANTI-THEFT SYSTEM MARKET, 2017-2023,
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