-- Vehicle Anti-Theft Market To Advance With Rising Car Production Globally. Vehicle Anti-Theft Market To Be Encouraged By Rising Carjacking Incidents. Global Vehicle Anti-Theft Market, by product (Immobilizer, Steering lock, Central locking, alarm), by technology (GPS, GSM, RTLS, Face detection system, automotive biometric technology) by vehicle type (Passenger car, Commercial vehicle) - Forecast 2016-2022.
The foremost competitors functioning in the global vehicle anti-theft market are Robert Bosch GmbH, Tokai Rika, Ltd., Delphi Automotive LLP, Lear Corporation, Johnson Electric, Mitsubishi Electric Corporation, Continental AG, ZF-TRW, and VOXX International Corp.
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Global Vehicle Anti-Theft Market Overview
The escalation in crime rates related to vehicles has registered a sharp uptick in recent years. Market reports linked to the automobile technology industry have been offered by Market Research Future which makes reports on other industry verticals that aims to study the current market scenarios better. The market is expected to attain an ascendant CAGR in the duration of the forecast period.
The development of anti-theft technologies has further improved the expansion of the market share. Integration of GPS in the anti-theft systems is increasing their efficiency exceptionally. Moreover, the growing awareness of the benefits of the anti-theft systems among the end users is also advancing the market s growth. Government initiatives to reduce car thefts are expected to further advance the market share in the forecast period.
Segmental Analysis
The segmentation of the vehicle anti-theft market globally is carried out on the basis of product, technology, vehicle type, and region. Based on the products, the vehicle anti-theft market is segmented into central locking, steering lock, immobilizer, alarm. The segmentation of the market on the basis of technology comprises of GPS, RTLS, GSM, automotive biometric technology and face detection system. On the basis of vehicle type, the vehicle anti-theft market is segmented into passenger car and commercial vehicle. The regions counted in the market are Asia Pacific, Europe, North America and the rest of the world.
Detailed Regional Analysis
The regional analysis of the vehicle anti-theft market includes regions such as Asia Pacific, Europe, North America and the rest of the world. The market for vehicle anti-theft is application driven, and the systems are achieving popularity across the end user base and technologies like such as RTLS, GPS, and automotive biometric technology which is stated as one of the main driving factors for the vehicle anti-theft market. The Asia Pacific market is projected to be responsible for the biggest share, in terms of value, of the vehicle anti-theft system market. This can be chiefly attributed to increased vehicle production and the growing installation of safety features in commercial vehicles and passenger cars. The North American and European region trails the Asia Pacific region. The intensifying installation of safety features and increasing vehicle production along with the existence of manufacturers such as General Motors, Ford Motor Company, and Fiat in the region are compelling the progress of the market of vehicle anti-theft. Also, the high demand from customers and increased purchasing power have raised the demand for vehicles and enhanced the market for anti-theft vehicle systems.
Competitive Analysis
The competitive outlook for the market is expected to diversify significantly in the coming period. The developments in the market are expected to be fuelled by the rise in investments and product innovations. The competitors are proactively addressing the challenges to growth and are crafting strategies that can have the best overall effect on the market's progress. The market leaders are taking an interest in the creation of strong value chains that can yield increased profits. The opportunities for growth in the market have ample scope for development in the forecast period. The market challengers find themselves in a promising position with the capacity to handle the pace of change. The perceived tendency for the market s growth has increased following the availability of positive factors in the market.
Industry Updates:
Feb 2019 Tesla has divulged plans for an original and rather unusual anti-theft car system. When the car detects an invasion, it will piercingly play one of Johann Sebastian Bach's well-known pieces, Toccata and Fugue in D Minor. The intimidating organ piece, while being an amusing answer to a burglar alarm, will garner as much attention as possible to those attempting to break into the vehicle.
Table Of Content:
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 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain Of Global Vehicle Anti-Theft Market
5 Industry Overview Of Global Vehicle Anti-Theft Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
5.5 Impact Analysis
Continued
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