Disruptive Innovations to Propel the Vehicle Anti-theft System Market towards US$ 9.5 billion by 202

From: FactMR
Published: Mon May 27 2019

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.

As countries make headway in lowering vehicle theft, National Insurance Crime Bureau (NICB) states quoting state and local crime fighters that drug problem is one of the driving forces behind the high vehicle theft rate as drug users steal cars to perpetrate other crimes. The NICB deduced that 147,434 vehicles were reported stolen with keys left in cars between 2013 and 2016. Meanwhile, with smartphones proliferation, it has become possible to disable the car remotely which has deterred some theft. Manufacturers are vying to come up with protection of vehicles with a reliable, intelligent, efficacious and economical system.

The cutting edge technology is vying to monitor, protect and track the vehicle in no time. The growing use of engine mobilizers, coded smart keys and telematics locating systems and vehicles parts marking has resulted in the plunge in vehicle theft. Besides, heightened public awareness and law enforcement agencies’ enhanced prosecution efforts have acted as caveats for vehicle theft.

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Several agencies suggest use of GPS telematics to remotely monitor a vehicle through a personal computer or a smartphone. Accordingly, the use of microcontroller based anti-theft security system using GSM networks as also grown in popularity.  The emergence of software which integrates smartphone and smart watches in the vehicle anti-theft system has brought disruption in the market. These factors are anticipated to propel the vehicle anti-theft system market.

Vehicle Anti-theft System Market: Overview

The report offers a thorough analysis on the vehicle anti-theft system market with the aid of quantitative and qualitative analysis. The report focuses on the major drivers, trends, opportunities and restraints that have significant influence in the growth of the vehicle anti-theft system market. In order to provide readers with the holistic picture of the vehicle anti-theft system, the market has been segmented.

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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.

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.

The actionable insights in the report is the result of primary sources, including surveys, interactions in person, a reliable and authentic views of seasoned analyst, interviews and perusal of experts. In addition, the report is propelled by secondary sources incorporating trade journals, resourceful database and authentic and verified paid sources. The report is also backed up by absolute dollar opportunity analysis which has considerable influence in shaping the growth of the vehicle anti-theft system market.

Vehicle Anti-theft System Market: Competitive Landscape

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.

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