Global Automotive Anti-Theft Systems Market was valued US$ xx Million and expected to reach US$ XX Million by 2027 at a CAGR of xx% during the forecast period.
Automotive Anti-Theft System is a structured arrangement of the sophisticated devices that prevents the thieves from stealing the vehicles. The gamut of technology employed by Orignal Equipment manufacturers includes Global Positioning System tracking (GPS), Global System for Mobile Communication (GSM), face detection systems, Biometric identification.
The report covers an in-depth analysis of COVID 19 pandemic impact on Global Automotive Anti-Theft Systems Market by region and on the key players’ revenue affected till July 2020 and expected short term and long-term impact on the market.
Global Automotive Anti-Theft Systems Market
The heightened demand by the end-users segments of the automotive industry for anti-theft systems is the driving factor the growth of the Global Automotive Anti-Theft Systems Market. Financial losses incurred to insurance companies and owners of the vehicles in event of theft are the contributing element for the preferential installation of the anti-theft systems. For instance, according to the United Nations Office on Drugs and Crime, 748,800 vehicles were stolen in United States of America in year 2018 that is 228.92 vehicles per 1,00,000 population. In addition, strict government provisions by economies around the world to prevent the automotive theft crimes are adding to the growth in the Automotive Anti-Theft Systems Market.
Anticipating the rise in the vehicle theft, automotive manufacturers in luxury vehicle and other passenger vehicle segments are integrating sophisticated anti-theft systems like biometric identification, face recognition devices, real time location systems that enables remote immobilization of vehicle in order to provide value added safety & security features to the users. This factor is facilitating the increased adoption of the Automotive Anti-Theft Systems and creating congenial business environment for the market.
The rising popularity of the electric vehicles has hindered the growth of auto-ancillary industry as EV employs fewer components than the petroleum based counterparts. Therefore, well-established players in auto-ancillary industry are expected to diversify into anti-theft systems market through research & development. Consecutively, the new entrants are expected to influence the market structure and market dynamics of the global Automotive Anti-Theft Systems Market.
The cost involved in manufacturing and integrating refined automotive anti-theft system is the hindering the market growth.
Emergence of autonomous and semi autonomous vehicles is expected to further evolve the technology and provide opportunities to the anti-theft systems market. The susceptibility of the autonomous vehicles to hacking is estimated to diversify the investments in Bluetooth and NFC technologies.
Passenger vehicle segment is expected to be the largest contributing segment to the Global Automotive Anti-Theft Systems Market with CAGR of xx% during the forecast period. The increased ownership rate in the passenger vehicle segment on account of the rising disposable income and improvement in the standard of living is expected to be the primary factor for the growth in the segment.
Original Equipment manufacturers segment is expected hold prominent share in Global Automotive Anti-Theft Systems Market with CAGR of xx% during the forecast period. Organized nature of OEMs in global automotive industry helps the incumbents to channelize the R&D efforts in developing value added product features of anti-theft systems. Complexities involved in integration of the modern anti-theft systems in to the vehicles provide the OEMs competitive advantage over the aftermarket participants. The mentioned factors are expected to contribute to the domination of the OEM segment.
Global Automotive Anti-Theft Systems Market1
Asia Pacific is expected to account for the major market share and register CAGR of xx% during the forecast period 2020-2027. Asia Pacific held xx% of market share in Global Automotive Anti-Theft Systems in 2019. Presence of prominent market participants like Toyota, Hyundai, Honda in the countries like Japan, South Korea is expected to influence the Automotive Anti-Theft Systems market. According to the Criminologist Frank E. Hagan, the rate of vehicle theft is directly dependent on the vehicle ownership per capita in the country. The growing share of the vehicle sales in the Asia Pacific region is expected to influence the anti-theft vehicle norms and consequently impact the market growth in the region.
North America‘s share is anticipated to grow at CAGR of xx% during the forecast period. Incumbents like Ford Motors, General Motors, Fiat-Chrysler, Tesla are believed to shape the contemporary market scenario of the Automotive Anti-Theft Systems industry. Higher purchasing power of the population in the region is expected to boost the adoption of the productive and cutting edge anti-theft systems in the vehicles. For instance, in November 2018, Tesla extended the anti-theft offering with introduction of ‘Enhanced Anti-theft’ package with motion sensor capable of triggering an alarm for the Model S and Model X in aftermarket products.
The MMR reports cover key developments in the Automotive Anti-Theft Systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product approvals product launches, and others. Inorganic growth strategies activities witnessed in the Automotive Anti-Theft Systems market were mergers & acquisitions and collaborations & partnership.
The objective of the report is to present a comprehensive analysis of the Global Anti-Theft Systems Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Anti-Theft Systems Market dynamics, structure by analyzing the market segments and project the Global Anti-Theft Systems Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Anti-Theft Systems Market make the report investor’s guide.
for more info:https://www.maximizemarketresearch.com/market-report/global-automotive-anti-theft-systems-market/82095/
Scope of Global Automotive Anti-Theft Systems Market
Global Automotive Anti-Theft Systems Market, by Technology
• Alarm system
• Global Positioning System
• Global System for Mobile Communication
• Real-Time Location System
• Face Detection System
• Remote Frequency Identification Device
• Automotive Biometric Technology
Global Automotive Anti-Theft Systems Market, by Vehicle Type
• Passenger vehicle
• Light Commercial vehicle
• Heavy commercial vehicle
Global Automotive Anti-Theft Systems Market, by Distribution Channel
Global Automotive Anti-Theft Systems Market Segmentation, by Region
• North America
• South America
• Middle East & Africa
Global Automotive Anti-Theft Systems Market Major Players
• Audi AG
• BMW AG
• Daimler AG
• Continental AG
• Ford Motor Company
• General Motors Company
• Honda Motor Co. Ltd.
• Hyundai Motor Corporation
• Lear Corporation
• Robert Bosch GmbH
• Tesla Inc.
• Toyota Motor Corporation
• Volvo Corporation
Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors