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 keys 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 smartwatches 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
The widespread adoption of engine immobilizers in 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 rates 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 systems 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 on 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, 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
- 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 the 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.
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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?
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