OEMs in Vehicle Anti-Theft System Market to Plunge in Expansion as Exponential Vehicle Demand Prevails
Disruptive technology trends continue to challenge Automotive OEMs, particularly interactive vehicle safety systems, connected vehicles and forthcoming era of autonomous cars. Enhanced comfort and advanced safety have assisted automobile sales to grow and reach the current record high numbers. Although passive safety remains at the centerstage, vehicle anti-theft systems have consistently evolved following rising incidences of car thefts. By capturing opportunities in the evolving vehicle anti-theft system market landscape, OEMs are actively engaged in expanding their technical center facilities and production capacities.
Face-Detection Technology to Capture Highest Traction throughout Forecast
Face-Detection technology is a face recognition based ignition system that replaces car key by user face identification. Advances in automotive electronics have introduced multiple vehicle anti-theft system technologies including face-detection technology which combines luxury with safety. While automotive biometric technology is estimated to register rapid expansion and real-time location technology accounts for the second largest share in the vehicle anti-theft system market, face-detection technology is projected to be the dominant segment in the vehicle anti-theft system market.
Disruptive Innovations to Propel the Vehicle Anti-theft System Market towards US$ 9.5 billion by 2022 End
Recent technology introductions in the vehicle anti-theft system market have provided some of the most disruptive innovations to effectively address the concerns of vehicle thefts. Development of software that integrates smartphone and smart watches in the vehicle anti-theft system is the latest entrants in the market that allows linking of multiple features and enhances owner experience. Another vehicle tracking technology with GPS and GSM has successfully crossed the boundaries in delivering excellent vehicle anti-theft systems in the vehicle anti-theft system market.
Engine Immobilizers Continue to Report Highest Demand through 2022
Wide-spread adoption of engine immobilizers in the vehicles explains the evident popularity of this type of vehicle anti-theft system. The vehicle anti-theft system market presents different options for automakers in terms of multiple authentication steps. All the leading automotive manufacturers deliver the vehicle models with engine immobilizers as a part of a vehicle anti-theft system. While other vehicle anti-theft systems present considerably higher growth rate including central locking, steering locks and biometric capture devices, engine immobilizers are estimated to account for the largest revenues in the vehicle anti-theft system market by 2022.
Recent Surge in Car Theft Incidences Present Lucrative Opportunities for Vehicle Anti-Theft System Market
Although the vehicle anti-theft system industry has come a long way in terms of introducing exponential security systems, the relay theft technique opted by modern tech-savvy thieves is failing the advanced anti-theft system. According to a recent data from the Office for National Statistics (ONS), incidences of stolen vehicles increased by 56% in 2017 as compared to in 2016. Cars with keyless entry vehicle anti-theft system are found to be more vulnerable to such threats despite their technological excellence. As new tactics such as relay theft fail the advanced vehicle anti-theft systems, the vehicle anti-theft system industry is bound to win over consumer trust by introducing superior security solutions in the vehicle anti-theft system market.
In the section of the competitive landscape, the report delivers a dashboard view of the key market players operating in the vehicle anti-theft system market. The companies have been profiled based on their product portfolios, recent innovations, their relative market positions, and business strategies. Key companies profiled in the vehicle anti-theft system market report include Denso Corporation, Continental AG, OMRON Corporation, Robert Bosch GmbH, ZF TRW Automotive Holdings Corporation, Delphi Automotive Plc, TOKAI RIKA, CO, LTD., Mitsubishi Electric Corporation, VOXX International Corporation, Lear Corporation, and HELLA KGaA Hueck & Co among others.
For example, Porsche, a leading German automobile manufacturer has announced the inclusion of GPS-enabled anti-theft protection in its classic Porsche models. Another key manufacturer in the vehicle anti-theft system market - Continental AG, another German leader in manufacturing of automotive components has announced plans to carve out the powertrain division under the new “Continental Group” umbrella brand which will also include Continental Automotive that delivers chassis and safety and interior units. Bosch, a leading manufacturer of vehicle anti-theft systems has introduced a new TRACI solution for agricultural and construction machinery, vehicles and special equipment tracking.
Vehicle anti-theft systems are devices installed on vehicles or associated premises to prevent unauthorized approach to vehicles and incidences of theft. While traditional vehicle anti-theft system included simple lock & key, implementation of advanced technologies such as face detection, GPS, GSM, biometric, and others have introduced a variety of vehicle anti-theft system in the market such as alarm, steering lock, immobilizer, central locking, passive keyless entry and biometric capture devices.
About the Report
Fact.MR has compiled a market research analysis of the vehicle anti-theft system market in the report titled “Vehicle Anti-theft System Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022”. A comprehensive analysis backed by historical data and current market scenario has formed the basis of the derived forecast of the vehicle anti-theft system market during the period 2017 – 2022.
Additional Questions Answered
In addition to the aforementioned insights of the vehicle anti-theft system market, the report addresses other vital facets that hold significance in transforming the global market landscape of vehicle anti-theft systems during the forecast period.
- How will the evolving government regulations shape the future progress of the vehicle anti-theft system market?
- What will be the key business strategies of manufacturers in the vehicle anti-theft system market to address increasing incidences of car thefts?
- How will OEMs in the vehicle anti-theft system market match the pace of evolving technology trends?
Fact.MR compiled a report on vehicle anti-theft system market for the forecast period of 2017-2022. This report is a diligent research study meeting requirements of key stakeholders of the vehicle anti-theft system market on the lookout of attractive business opportunities.
Chapter 1 – Executive Summary
The report starts with a short yet informative executive summary of vehicle anti-theft system market that equips the readers with pioneering insights on the market roadmap. It sheds light on the leading segments of vehicle anti-theft system market and their growth statistics for clear understanding.
Chapter 2 – Market Overview
This chapter includes a transparent overview of the vehicle anti-theft system market with the product definition of vehicle anti-theft system. This chapter also offers a quick introduction of the vehicle anti-theft system market along with a detailed market segmentation.
Chapter 3- Market Analysis and Forecast by Product Type
This chapter involves verifiable present and future volume projections of vehicle anti-theft system market based on the product type- alarm, steering lock, immobilizer, central locking system, passive keyless entry, and biometric capture device.
Chapter 4- Market Analysis and Forecast by Vehicle Type
This chapter reveals insights into the projections of vehicle anti-theft system market, in terms of value and volume. These estimations of vehicle anti-theft system market showcase growth of the industry based on vehicle type- passenger car and commercial car.
Chapter 5- Market Analysis and Forecast by Technology Type
This section exemplifies both value and volume projections and Y-o-Y growth analysis of vehicle anti-theft system market based on technology- face detection, real time location system, biometric, positioning system, GSM vehicle, and remote frequency identification.
Chapter 6- Market Analysis and Forecast by Region
This chapter expounds on the predominant business opportunities in the vehicle anti-theft system market across regions of North America, Latin America, Europe, Japan, APEJ, and MEA.
Chapter 7- North America Vehicle Anti-theft system Market Analysis and Forecast
This chapter elaborates on the North America vehicle anti-theft system market to showcase for prime opportunities across United States and Canada over the forecast period. This section likewise includes a revenue comparison index of North America vehicle anti-theft system market by product type, vehicle type, and technology type
Chapter 8- Latin America Vehicle Anti-theft System Market Analysis and Forecast
This chapter pinpoints the Latin America vehicle anti-theft system market and related business expansion opportunities. This chapter also addresses revenue comparison indices of Latin America vehicle anti-theft system market based on product type, vehicle type, and technology type.
Chapter 9- Europe Vehicle Anti-theft System Market Analysis and Forecast
This chapter outlines the remunerative areas of Europe vehicle anti-theft system market and stellar possibilities for business augmentation. It also includes an exclusive revenue comparison of Europe vehicle anti-theft system market based on product type, vehicle type, and technology type.
Chapter 10- Japan Vehicle Anti-theft System Market Analysis and Forecast
This chapter explains about the Japan vehicle anti-theft system market and demand influencers facilitating proliferation of this market. Also, a revenue comparison of the Japan vehicle anti-theft system market has been addressed by product type, vehicle type, and technology type.
Chapter 11- APEJ Vehicle Anti-theft System Market Analysis and Forecast
This chapter of the report offers a detailed analysis of attractive avenues in the Asia-Pacific Excluding Japan (APEJ) vehicle anti-theft system market.
Chapter 12- MEA Vehicle Anti-theft System Market Analysis and Forecast
This chapter focuses on the growth ambit of MEA vehicle anti-theft system market across prime countries in the Middle East and African region.
Chapter 13- Company Profile
This chapter in the vehicle anti-theft system market report includes names of the key companies functioning in the vehicle anti-theft system market. The profiling is completely based on parameters such as their market position, their revenue figures, expansion strategies, and so on.
The above information has been extracted from various affluent resources such as published financial data, quarterly financial statements, 10-K & 10-Q filings, annual reports, local newspapers, company websites, company press releases, published trade data, and other data sources.
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