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Vehicle Anti-Theft System Market by Product, Technology, Vehicle Type And Region - Global Forecast to 2021

Vehicle Anti-Theft System Market: Global Forecast until 2021

  • October 2016
  • 156 pages
  • ID: 4226789
In this report:
The immobilizer segment is projected to grow from ##.## million units in 2016 to ##.## million units by 2021, at a CAGR of ##.##%, whereas the passive keyless entry segment is expected to grow at a CAGR of ##.##% during the forecast period.
The immobilizer segment is projected to grow from ##.## million units in 2016 to ##.## million units by 2021, and is expected to grow at a CAGR of ##.##% during the forecast period.

Summary

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Increasing demand for and awareness regarding safety technologies to drive the vehicle anti-theft system market

The vehicle anti-theft system market is forecasted to be ~$8.3B in 2016, and is projected to extend ~$11.6B by 2021. The industry, in terms of value significance, is expected to rise at a compound annual growth rate (CAGR) of ~6.9 percent from 2016 to 2021.

Elements such as growing vehicle sales, increasing awareness regarding vehicle anti-theft systems among consumers, government regulations mandating safety features, and rise in vehicle thefts are driving the industry demand for vehicle anti-theft systems. Nevertheless, the growing production costs of premium safety features make these features unaffordable for consumers, and could adversely affect the vehicle anti-theft system market.

Technological improvements are a main driver of the immobilizer market

The immobilizer segment is expected to account for the biggest market share in 2016. There has been a quick growth in the number of technological advancements in vehicle anti-theft technology.

This can be primarily attributed to the increasing demand for features that growth the convenience and safety of vehicle passengers. The latest vehicle immobilizer system sends a message to the registered phone number of the vehicle-user in case of forced entry. The message includes additional information including the image of the user in the driver seat or the overall positioning system location of the vehicle.

Rising installation of safety features and increasing vehicle production will likely drive the vehicle anti-theft system market in the Asia Pacific (APAC) area

Asia-Pac is forecasted to be the biggest market for vehicle anti-theft systems. The Asia-Pacific vehicle anti-theft system market, in terms of value importance, is expected to grow at the highest compound annual growth rate (CAGR) from 2016 to 2021.

This can be primarily attributed to the growing vehicle production and the growing installation of safety features in passenger cars, commercial vehicles, and off-highway vehicles.

The market research includes industry insights from different market experts, ranging from component suppliers to Tier 1 firms and Original equipment manufacturers. The break-up of the primaries is like:

• By Company category - Tier 1 - 42 %, Tier 2 - 26.0 percent, Others - 32.0 percent

• By Description - C-suite - 40.0 percent, D-suite - 29.0 percent, Others - 31.0 percent

• By Area - North America continent - 38.0 percent, Europe (EU) - 22.0 percent, Asia Pacific (APAC) - 30.0 percent, Rest of the globe - 10.0 percent

This market study contains the vehicle anti-theft system market for steering locks, immobilizers, biometric capture devices, alarms, and keyless entry systems.

The technologies identified in the industry report contain GPS, overall system for communication, real-time location system, face detection system, and automotive biometric technology. On top of, the study includes the sector for passenger cars, commercial vehicles, and off-highway vehicles.

Why Purchasing This Study Can Help You:

The analysis offers business insights about the following parts:

• business entry: Exhaustive information about the vehicle anti-theft system market provided by the most important 10 market actors in the industry

• Product Development/Innovative products: In-depth understanding into up-on-coming technologies, Research&development activities, and recent product launches in the vehicle anti-theft system market

• Market Development: Highlighted information about types of vehicle anti-theft systems. The market research examines the sector for different vehicle anti-theft systems across multiple regions

• industry diversification: Complete information about recent products, untapped regional sectors, recent evolutions, and market investments in the vehicle anti-theft system market

• opposing assessment: In-depth assessment of the market shares, strategies, products, and manufacturing competences of key players in the vehicle anti-theft system market

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