About Vehicle Anti-Theft System
An anti-theft device in the car is a type of gadget that uses automatic or manual techniques to help you keep it secure from theft. It can use various technologies to achieve the desired purpose. Different anti-theft devices are available in the market, from locks to alarms and more. Anti-theft devices can help prevent this scenario in various ways. They can either make it physically impossible for car thieves to steal your car, scare them away by attracting attention to a theft in progress, or help track down your stolen vehicle. The vehicle anti-theft market holds promising growth potential, driven by increasing demand, technological advancements, and evolving security needs. The future of vehicle anti-theft is poised to be more sophisticated, proactive, and user-friendly.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The vehicle anti-theft market is a dynamic and competitive landscape with various players offering diverse solutions. As technology evolves and security threats become more sophisticated, the competition will likely intensify, leading to further innovation and improved anti-theft systems for car owners. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Vehicle Anti-Theft System market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Continental AG (Germany), Denso Corporation (Japan), Magna International Inc. (Canada), Johnson Controls (Ireland), Aisin Corporation (Japan), Valeo (France), Lear Corporation (United States), Robert Bosch GmbH (Germany), ZF Friedrichshafen AG (Germany) and Mitsubishi Electric Corporation (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are STT Technologies Sdn Bhd (United States), Clifford Electronics Benelux B.V. (United States), Solera (United States), Stellantis NV (Netherland) and Hyundai (South Korea).
Segmentation Overview
AMA Research has segmented the market of Global Vehicle Anti-Theft System market by Type (Active Anti-Theft Systems and Passive Anti-Theft Systems), Application (Passenger Car, Commercial Vehicle and Motorcycles) and Region.
On the basis of geography, the market of Vehicle Anti-Theft System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. OEMs will boost the Vehicle Anti-Theft System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Anti-Theft Marking will boost the Vehicle Anti-Theft System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rise of Connected Vehicles Equipped with Sensors and Telematics Devices
Market Growth Drivers:
Increasing Disposable Income and Urbanization Contribute to Vehicles and The Rising Popularity of Premium and Luxury Vehicles
Challenges:
Rise in Cybersecurity Risks
Restraints:
High Cost of Installation System
Opportunities:
Adoption of Smart Technology for Vehicle Safety & Improved Convenience and Rise in Bluetooth and NFC-based Technologies
Market Leaders and their expansionary development strategies
In December 2023, Stellantis and LoJack entered into partnership where this partnership highlights the growing importance of collaboration in the vehicle anti-theft market. This initiative can potentially benefit both companies while ultimately offering enhanced security and peace of mind to Stellantis vehicle owners.
In October 2023, Hyundai has launched a series of anti-theft clinics for owners of its vehicles in the US in order to help them protect their cars against possible instances of theft. It highlights the increasing importance of robust anti-theft measures in the automotive industry.
Key Target Audience
Manufacturer, Supplier & Distributor, Potential Investors, Research & Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.