A recent study by Fact.MR estimates the global vehicle anti-theft system market to account for revenues worth US$ 6,764.1 Mn in 2017, expanding at a CAGR of 7.4% during the forecast period 2017 to 2022. The global market for vehicle anti-theft system is further anticipated to reach US$ 9,670.5 Mn by 2022-end.
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Projections for the Global Vehicle Anti-Theft System Market
- Immobilizer anti-theft systems are expected to remain preferred among products, to account for largest revenues by 2022-end.
- Sales of central locking systems are expected to exhibit the fastest expansion, to be the second most lucrative product in the global market for vehicle anti-theft systems by 2022-end.
- Sales of steering locks, and biometric capture devices in the global vehicle anti-theft system market are estimated to register similar CAGRs through 2022. Revenues from steering locks are expected to remain comparatively larger than the biometric capture devices.
- Vehicle anti-theft systems will witness largest adoption in passenger cars, exhibiting a high single-digit CAGR over the forecast period. Revenues from vehicle anti-theft systems sold in passenger cars will account for nearly 3/4thshare of the market, on the basis of vehicle type.
- Face-detection technology is estimated to be dominant in the global market for vehicle anti-theft systems.
- Sales of the automotive biometric technology are expected to exhibit the highest CAGR through 2022.
- Real time location will continue to be the second largest adopted technology for vehicle anti-theft systems during the forecast period.
- In terms of revenues, Asia Pacific Excluding Japan (APEJ) is expected to remain the most lucrative market for vehicle anti-theft systems.
- Vehicle anti-theft systems’ sales in North America are estimated to register the highest CAGR through 2022. However, market in Europe will continue to be comparatively more lucrative than the market in North America during the forecast period.
Based on product type, Immobilizer anti-theft systems will continue to be preferred in vehicles, and are expected to account for the largest revenues by 2022-end. Sales of central locking anti-theft systems are estimated to register the highest CAGR, to be the second largest adopted product in the global vehicle anti-theft system market by 2022-end. In addition, sales of biometric capture devices, and steering locks vehicle anti-theft systems are expected to exhibit similar CAGRs through 2022, however revenues from sales of steering locks will remain larger than biometric capture devices.
Sales of vehicle anti-theft systems are expected to remain highest in passenger cars, expanding at a high single-digit CAGR through 2022. Revenues from sales of vehicle anti-theft systems in passenger cars are expected to account for nearly three-fourth share of the market, based on vehicle type.
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Face-detection to Remain Dominant Technology for Vehicle Anti-Theft Systems
In terms of revenues, face-detection technology is expected to remain dominant in the global vehicle anti-theft system market. However, sales of automotive biometric technology are estimated to register the fastest expansion through 2022. Real time location is expected to remain the second most lucrative technology adopted for vehicle anti-theft systems over the forecast period.
Asia Pacific Excluding Japan (APEJ) will remain the most lucrative region for sales of vehicle anti-theft systems, in terms of revenues. However sales of vehicle anti-theft systems in North America are expected to register the fastest expansion. However, in terms of revenues, Europe will remain comparatively more lucrative than North America in the global vehicle anti-theft system market.
Competition Tracking
Key players in the global vehicle anti-theft system market include Continental AG, Robert Bosch GmbH, Delphi Automotive Plc, Mitsubishi Electric Corporation, Lear Corporation, VOXX International Corporation, TOKAI RIKA, CO, LTD., ZF TRW Automotive Holdings Corporation, OMRON Corporation, Denso Corporation, and HELLA KGaA Hueck & Co.
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