Global Vehicle Anti -Theft Sales Size, Share, Growth, Analysis Forecast to 2022

Posted by Market Research Future on March 24th, 2020

Market Insights

Anti-theft systems are becoming a common feature in modern vehicles. This is also due to the enforce of new automotive safety guideline, which make ant-theft systems mandatory. This has let to a booming market for vehicle anti-theft. According to a report published by Market Research Future (MRFR), the global Vehicle Anti -Theft Sales is set to exhibit a stellar growth during the forecast period (2017-2022).

 The global vehicle anti-theft system market is constantly growing, owing to the growing demand for vehicles to cater to the earning section of the population, thus raising the demand for anti-theft systems simultaneously. Another major driver for this market is the rising number of thefts across the globe. The office of National Statistics in the UK reported in 2017 that roughly 89000 vehicle thefts from Wales and England. It was alarmingly higher than the 56000 reported in 2016 and highest since 2012. Even in the US, 11 state legislatures have introduced auto theft prevention departments to prevent auto theft. This massive increase in vehicle thefts has created awareness about anti-theft systems, subsequently creating a huge demand for anti-theft devices. Many automotive giants like Ford, Porsche, and Tesla amongst others, have pre-installed anti-theft systems and various other advanced sensors for the safety and ease of the consumers. Porsche and Tesla also have their own anti-theft systems installed in all their models.

Apart from this, the high cost of anti-theft systems, which is due to the advance technology that is used in the sensors, and the increasing cost of production that makes some technological features unavailable to certain sects of consumers, is a challenge for the market. Nevertheless, the global vehicle anti-theft system market by 2022, is estimated to record an income of over USD 8.5 billion, creating a rise in the CAGR in the forecast period.

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Segment Analysis

The global anti-theft system market is segmented by region, product, technology and by vehicle type. The global market for vehicle anti-theft systems is segmented based on regions, into North America, Europe, Asia Pacific, and the rest of the world. By product, the market is segmented into immobilizer, steering lock, and alarm. Majority of the systems are application driven and the advanced technology used in the sensors makes them detect identity, motion, location and even temperature. By technology, the market is segmented into GPS, RTLS, Face Detection System and Automotive Biometric Technology. By vehicle type, the automotive anti-theft system market is segmented into passenger type, commercial and other.

The immobilizer segment maintained a major market share in 2017, holding nearly 35% of the overall market share. This product segment is estimated to lead the global market during the forecast period.

Regional Analysis

Asia Pacific region has been leading the market for anti-theft systems and is accounted for the maximum share of the global anti-theft systems market. It dominated the market with a share of nearly 44% in 2017 and is estimated to control the market throughout the forecast period. This is majorly caused by the rise in the purchasing power of the working section of the population and the increase in their disposable income, which creates demand for passenger and commercial vehicle production, subsequently creating demand for anti-theft systems, especially in emerging economies like India and China, which are the industrial hub for automobiles. North America and Europe follow the Asia Pacific region in terms of demand and production. There have been significant investments in North America towards OEM industry to increase the manufacturing capacity of this region, which raises the chances of growth in the forecast period.

Key Players

The key players functioning in the market of global vehicle anti-theft are Mitsubishi Electric Corporation, Robert Bosch GmbH, Continental AG, Tokai Rika, Ltd., Johnson Electric, Lear Corporation, Delphi Automotive LLP, VOXX International Corp, and ZF-TRW.

Industry Updates

In Dec 2017, a new feature has been introduced that includes keyless entry and ignition by Continental Ag in partnership with Avis Budget Group.