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Vehicle Anti-theft System Market

Vehicle Anti-theft System Market, By Product Type (Steering Locks, Alarms, Biometric Capture Devices, Immobilizers, Remote Keyless Entry), By Technology ( GPS, GSM, Face Detection Systems, Global Radio Frequency Identification, RTLS), By Vehicle Type - Global Forecast 2022-2027

Analysis of Vehicle Anti-theft System market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Vehicle Anti-theft System Market Outlook (2022-2027)

At present, the global vehicle anti-theft system market stands at a value of US$ 11.5 billion and is projected to reach US$ 16.2 billion by the end of 2027. Worldwide sales of vehicle anti-theft systems are anticipated to increase rapidly at a CAGR of 7.1% through 2027.

Vehicle immobilizer systems are expected to exhibit demand growth at 7.5% CAGR owing to stringent government regulations in several countries that mandate the installation of immobilizers as they have been proven to be more secure than other auto theft systems.

Report Attributes

Details

Vehicle Anti-theft System Market Size (2022)

US$ 11.5 Billion

Projected Market Value (2027F)

US$ 16.2 Billion

Global Market Growth Rate (2022-2027)

7.1% CAGR

Alarms Segment Growth Rate (2022-2027)

5% CAGR

Immobilizers Segment Growth Rate (2022-2027)

7.5% CAGR

Key Companies Profiled

  • Continental AG
  • Robert Bosch GmbH
  • HELLA GmbH & Co. KGaA
  • Aptiv plc
  • Denso Corporation
  • ALPHA Corporation
  • Stoneridge Inc.
  • Huf Hülsbeck & Fürst GmbH & Co. KG
  • Valeo S.A.
  • Atech Automotive (Wuhu) Co. Ltd.
  • Mitsubishi Electric Corporation
  • Tokai Rika Co. Ltd.
  • Marquardt GmbH
  • I Car Srl
  • Directed Inc.
  • ALPS ALPINE CO. LTD

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Vehicle Anti-theft System Demand Analysis (2017-2021) in Comparison to Industry Growth Forecasts (2022-2027)

The world has witnessed a notable increase in the incidence of car thefts and vehicle break-ins over the past few years and this has fostered a demand for vehicle anti-theft systems. Increasing automobile ownership in emerging economies and rising sales of automobiles across the world are anticipated to favor vehicle anti-theft system market potential over the coming years.

Stringent government regulations that mandate the use of security systems in vehicles to ensure passenger and driver safety are also expected to drive vehicle anti-theft system sales through 2027. Insurance companies providing attractive incentives to car owners with anti-theft systems are also expected to positively influence car security systems market growth throughout the forecast period.

The rising use of aftermarket vehicle anti-theft products and increasing availability of the same is also expected to propel vehicle anti-theft system shipments over the next five years.

From 2022 to 2027, the market for vehicle anti-theft systems is predicted to exhibit evolution at a CAGR of 7.1%.

However, cybersecurity risks are anticipated to prove to be a major challenge for vehicle anti-theft system providers as digitization and uptake of IoT in the automotive industry pick up the pace. The expensive nature of vehicle anti-theft systems and the potential malfunction of automotive electronic components are other factors that could constrain market growth across the forecast period.

Vehicle Anti-theft System Market forecast analysis by Fact.MR

Vehicle Anti-theft System Market

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How Will Vehicle Electrification Impact Anti-theft System Sales?

“Vehicle Electrification to Open Up New Opportunities for Vehicle Anti-theft System Manufacturers”

The automotive industry veered toward electrification owing to the increased integration of advanced digital systems such as GPS, RTLS, and the rising popularity of electric vehicles. This led to increased use of software, which is prone to cyberattacks that have been witnessing a notable rise in recent times.

Growing popularity of connected cars and the launch of new cars with advanced cloud-based technologies is anticipated to drive demand for new and advanced anti-theft vehicle security systems.

Vehicle anti-theft system suppliers can focus on the launch of new advanced products such as car theft alarm systems, vehicle anti-theft GPS, antitheft trackers, etc.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

How Have Break-ins Inspired New Vehicle Anti-theft Devices?

“David Moeller Founded Keep Technologies after Becoming a Victim of a Break-in”

David Moeller, an entrepreneur known for start-ups such as CodeGuard and Claw Hanging Systems, came up with a new product to protect vehicles from break-ins and thefts after being a victim of the same a few times. David founded the Atlanta-based Keep Technologies in the fall of 2020 and came up with smart devices that provide security in vehicles and protect them from theft and break-ins.

Keep Technology’s Knight is the company’s key offering that connects to the vehicle’s OBD port and is placed into the cup holder and anchored in this position and can only be uninstalled by the user. The device has cellular bandwidth for connectivity and is equipped with passive infrared (PIR) sensors, microwave sensors, and a camera with a 180-degree view.

Digitization and electrification of the automotive industry have created new challenges for the security of vehicles and this has created new opportunities for many start-ups to fulfill the shortcomings with new and innovative car anti-theft devices.

  • SecureThings.ai, a California-based startup, founded in 2018, is tackling modern automotive security issues with artificial intelligence (AI) and machine learning. The company aims to target new trends in the automotive industry such as autonomous driving, electric vehicles, and automotive IoT.

How is the Automotive Anti-theft System Market Performing on a Regional Level?

“Asia Pacific to Maintain Dominant Market Share through 2027”

The market for vehicle anti-theft systems in the Asia Pacific region currently accounts for a major market share and is expected to maintain this stance over the next five years as well. The robust market potential in this region can be ascribed to the presence of key automotive manufacturers such as Nissan, Suzuki, Hyundai, etc., and increasing investments in the automotive manufacturing industry.

Supportive government initiatives, rising incidence of car thefts, implementation of strict laws that mandate the use of anti-theft devices, and increasing sales of passenger cars are other factors that sculpt vehicle anti-theft system shipments in the Asia Pacific. Motorcycle anti-theft devices are expected to be popular in countries such as India, China, and Indonesia owing to rising sales of motorcycles.

The market for vehicle anti-theft systems in regions of North America and Europe is also anticipated to provide attractive opportunities for vehicle anti-theft system manufacturers owing to the implementation of strict laws to ensure vehicle safety and rising sales of electric vehicles, SUVs, pick-up trucks, etc.

This latest market study of the vehicle anti-theft system industry by analysts at Fact.MR, a market research and competitive intelligence provider, details a complete analysis of the market trends, opportunities, and restraints on a regional level.

Country-wise Insights

What Opportunities in Vehicle Anti-theft Systems are Present in India?

“Expansion of Aftermarket Sales Channel & Surge in Passenger Car Sales Driving Vehicle Anti-theft Device Demand”

India has witnessed a notable upsurge in sales of passenger cars as well as commercial vehicles and this can be ascribed to increasing per capita disposable income and rising automotive aftermarket product sales. Increasing urbanization is anticipated to propel sales of luxury vehicles in India and this is also expected to favor the vehicle anti-theft system market potential in the country over the next five years.

High demand for two-wheelers and motorcycles in India is also expected to drive shipments of motorcycle anti-theft trackers over the coming years. The increasing popularity of electric vehicles in India owing to high fossil fuel prices and environmental concerns is also expected to bolster vehicle anti-theft system market growth through 2027.

Category-wise Insights

Which Product Will Help Vehicle Anti-theft System Companies Up Their Sales Potential?

“Vehicle Immobilizer Systems to Witness Upsurge in Demand”

The global vehicle anti-theft system market, based on product type, is segmented into steering locks, alarms, biometric capture devices, immobilizers, remote keyless entry, and central locking.

Demand for immobilizers is anticipated to increase at a CAGR of around 7.5% over the next five years and is expected to be of major interest to companies looking to increase their sales and revenue generation capacity. Immobilizers notify vehicle owners in case of forced entry and some of the advanced immobilizers even provide the image and location of the person driving the vehicle.

Mandates by governments and insurance companies to install immobilizers in vehicles are also expected to propel growth in this segment through 2027. Whereas, the demand for car theft alarm systems is projected to increase at 5% CAGR.

Competitive Landscape

Companies in the vehicle anti-theft system marketplace are anticipated to focus on the deployment of strategies that would help them increase their market presence such as mergers, collaborations, and partnerships.

  • In January 2022, Ford, a leading automotive manufacturer, and ADT, a home and business security solutions provider, announced the launch of a new joint venture to enhance vehicle security and address shortcomings of the same. The venture titled Canopy had plans to launch an accessory that can be mounted on vehicles to monitor the surroundings and alert vehicle owners.

Segments of Vehicle Anti-theft System Industry Research

  • By Product:

    • Steering Locks
    • Alarms
    • Biometric Capture Devices
    • Immobilizers
    • Remote Keyless Entry
    • Central Locking
  • By Technology:

    • Global Positioning System (GPS)
    • Global System for Mobile Communications (GSM)
    • Face Detection Systems
    • Global Radio Frequency Identification
    • Real-time Location Systems (RTLS)
    • Automotive Biometric Technologies
  • By Vehicle Type:

    • Passenger Cars
    • Commercial Vehicles
    • Off-highway Vehicles
  • By Sales Channel:

    • OEMs
    • Aftermarket
  • By Region:

    • North America
    • Latin America
    • Europe
    • APAC
    • MEA

- Premium Report Details -

Vehicle Anti-theft System Market
  • FACT39MR
  • Sep-2022
  • Automotive
  • 170 Pages
  • 80 Tables
  • 227 Figures

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The global vehicle anti-theft system market has reached a valuation of US$ 11.5 billion.

The global market for vehicle anti-theft systems is estimated to reach US$ 16.2 billion by 2027.

Sales of vehicle anti-theft systems are expected to increase at 7.1% CAGR through 2027.

Asia Pacific is anticipated to dominate the global vehicle anti-theft system market owing to high sales of automobiles and increasing disposable income of the population.

Key vehicle anti-theft system manufacturers are Robert Bosch GmbH, HELLA GmbH & Co. KGaA, ALPHA Corporation, Stoneridge Inc., Huf Hülsbeck & Fürst GmbH & Co. KG, Valeo S.A., and Mitsubishi Electric Corporation.

Demand for immobilizers is projected to surge at a CAGR of 7.5% from 2022 to 2027.

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