Global Vehicle Anti-theft System Market Investigation & Development Forecast Till 2022
Wide-spread adoption of engine immobilizers in the vehicles explains the evident popularity of this type of vehicle anti-theft system.
[UKPRwire, Fri Jan 04 2019] With alarming instances of vehicle thefts across the globe, the demand for vehicle anti-theft system has been undergoing a sea change. Fortifications in the vehicle anti-theft systems have further encouraged integration of smartphones & smartwatches, thereby influencing dynamics of the vehicle anti-theft system market. Moreover, exclusive features such as GPS-tracking and fuel-oriented updates are pushing adoption of vehicle anti-theft systems. To enlighten readers about stellar business opportunities in the industry, Fact.MR compiled a research study on vehicle anti-theft system market for the forecast period of 2017 to 2022. The report opines the global vehicle anti-theft system market to touch a valuation of US$ 9,670.5 Mn by 2022-end.
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OEMs in the vehicle anti-theft system market are incessantly working toward expansion of technical centers and multiplying their production rates to furnish the overwhelming demand. Rising emphasis on extensive R&D activities by a huge number of companies is also empowering the potential of vehicle anti-theft system market. Automotive giants such as Porsche had introduced an exclusive anti-theft protection system for all of its classic models. This system offers an autonomous sensor package, which can be installed at concealed points on the vehicles. Fine-tuned versions of this system are likely to be suitable for installation in all Porsche classic vehicles from 356 to Carrera GT.
Incorporation of cutting-edge breakthroughs such as microprocessors with digital signal processing, continuous-wave and pulse-echo algorithms, closed toolchain for configuration and simulation, and so on are providing the much-need fillip to vehicle anti-theft system market. Rapid upturn in demand for multifactor authentication and increasing reliability on biometric technology is envisioned to diversify the growth of vehicle anti-theft system market. Emerging technologies such as personal alarm pagers are gaining grounds in the vehicle anti-theft system market, which send alerts directly to the driver’s mobile phone whenever the vehicle is subjected to unauthorized access. Besides, governmental regulations with regard to vehicle safety across various regions are also spurring revenues of vehicle anti-theft system market.
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.
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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.
Table of Content:
Chapter 1. Global Vehicle Anti-Theft System Market - Executive Summary. 26
Chapter 2. Global Vehicle Anti-Theft System Market Overview. 28
2.1. Introduction. 28
2.1.1. Global Vehicle Anti-Theft System Market Taxonomy. 28
2.1.2. Global Vehicle Anti-Theft System Market Definition. 28
2.2. Global Vehicle Anti-Theft System Market Size (US$ Mn) and Forecast, 2012-2022. 29
2.2.1. Global Vehicle Anti-Theft System Market Y-o-Y Growth. 29
2.3. Global Vehicle Anti-Theft System Market: Macroeconomic Factors. 29
2.3.1. Economic Outlook. 29
2.3.2. International Policy. 30
2.3.3. Profitability of Enterprises. 30
2.3.4. Increasing Purchasing Power of Middle Class. 30
2.3.5. Complex Eco System. 30
2.3.6. Supply chain Issues. 31
2.3.7. End-user Sentiment. 31
2.4. Global Vehicle Anti-Theft System Market Impact Factors. 31
2.4.1. The Influence of China. 31
2.4.2. Innovations in Technology. 31
2.4.3. Dilemma on Shift to New Technologies. 32
2.4.4. Disruption in Traditional Business Models. 32
2.4.5. Rising Component Costs in Developing Countries. 32
2.4.6. Shrinking Product Development Time. 32
2.4.7. Fluctuating Input costs. 33
2.4.8. Adoption of New Mobility Solutions. 33
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