The new report by Expert Market Research titled, ‘Global Vehicle Anti-Theft System Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global vehicle anti-theft system market, assessing the market based on its segments like vehicle types, product types, technologies and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 10.87 Billion
- Forecast CAGR (2021-2026): 6.57%
- Forecast Market Size (2026): USD 15.92 Billion
The market for vehicle anti-theft is being aided by the growing car ownership in developed and developing countries. As cars are one of the most valuable assets, their owners are increasingly adopting secure anti-theft systems to bolster their security. The increasing incidences of burglary and theft in developing countries is also propelling the growth of the vehicle anti-theft system industry. Moreover, the increasing use of global positioning system (GPS) technology to identify the real-time location of vehicles is driving the market growth. The trend is being escalated by the growing cost-effectiveness of global positioning systems (GPS), which is increasing their deployment in mid-range vehicles, thus fuelling the market growth.
Industry Definition and Major Segments
A vehicle anti-theft system is a system that provides security to automobiles by hindering unprecedented intrusion or theft. It is typically used in both private vehicles to detect security or safety threats to automobiles. It deploys several techniques ranging from alarms to iris recognition systems to enhance the security of vehicles.
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The market can be broadly categorised on the basis of its vehicle types are:
- Passenger Vehicle
- Commercial Vehicle
- Others
The major product types of vehicle anti-theft system are:
- Immobilisers
- Alarm
- Steering Lock
- Central Locking System
- Biometric Capture Device
- Remote Keyless Entry
Based on technology, the market is divided into:
- Global Positioning System (GPS)
- Global Systems for Mobile Communications (GSM)
- Real Time Location System (RTLS)
- Face Detection System
- Remote Frequency Identification Device (RFID)
- Automotive Biometric Technology
The major regional markets of vehicle anti-theft system are:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
Market Trends
The growth for vehicle anti-theft system is being driven by the integration of various technological advancements to boost the functionality of the system. The growing popularity of automotive biometric technology to enhance the security of vehicles is bolstering the market growth. As biometric technology may lead to digital vulnerability, fingerprint and iris recognition sensors are increasingly adopted by automotive manufacturers to boost the security of automobiles, which is estimated to aid the market growth. Moreover, the development of innovative technologies such as multi-modal is projected to provide impetus to the growth of the vehicle anti-theft system industry in the forecast period.
Latest News on Vehicle Anti-Theft System Market: https://www.expertmarketresearch.com/pressrelease/global-vehicle-anti-theft-system-market
Key Market Players
The major players in the market are Continental AG, DENSO Corporation, Hella KGaA Hueck & Co., Lear Corporation, and Mitsubishi Electric Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
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OverviewThe Global Vehicle Anti-Theft Market an anti-theft system is used in the vehicles to prevent an unauthorized access to the vehicles.
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.
According to a recent study report published by the Market Research Future, The global market of Vehicle Anti-Theft is booming and expected to gain prominence over the forecast period.
The market is forecasted to demonstrate a stunning growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2022).Get free sample pdf @ https://www.marketresearchfuture.com/sample_request/2036There 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).
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.There are various anti-theft devices used in order to keep the car safe which includes steering wheel lock, Tire lock, baby monitoring, kill switch, electronic tracking system, and among others.
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It is considering the year 2021 as a base year and forecast period for predicting the growth of the market is 2021-2026.
IMR Market Reports is delivering the reports of market research on several categories by an organized method of judging the client, examining market supply, researching, struggle and demand, accompanied by integrating the feedback of the client.
In the competitive analysis section of the report, leading as well as prominent players of the global Building Anti-theft Alarm System market are broadly studied on the basis of key factors.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021.
It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2016-2021.To identify the key drivers and the competitors’ insights, Request a Sample @: https://www.imrmarketreports.com/request/14496Top Key Players studied in Building Anti-theft Alarm System Market:Honeywell, ADT, CPI Security System, Panasonic, Samsung, Vivint, Frontpoint Security Solutions LLC., Protect America, Shenzhen Security Group, Johnson Controls, Siemens AG, SimpliSafeResearch MethodologyThe data collected comes from a variety of services, including both primary and secondary sources.
Along with the various weaknesses faced by the company, the strengths are included in the report along with a comprehensive analysis of the various threats and opportunities that can be exploited.Global Building Anti-theft Alarm System Market Segmented by Product Type:Detector System, Alarm SystemGlobal Building Anti-theft Alarm System Market Segmented by Application:Residential Building, Commercial Building, Industrial BuildingFollowing regions are highlighted in this report: North America (United States, Canada and Mexico),Europe (Germany, France, UK, Russia and Italy),Asia-Pacific (China, Japan, Korea, India and Southeast Asia),South America (Brazil, Argentina, etc.
