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. The report starts with a short yet informative executive summary of vehicle anti-theft system market that equips the readers with pioneering insights on the market roadmap. It sheds light on the leading segments of vehicle anti-theft system market and their growth statistics for clear understanding.
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.
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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.
Despite manufacturers in the vehicle anti-theft system market going an extra mile in ensuring end-to-end security systems, high-tech criminals seem to have keys for all of these sophisticated efforts. Transmitter ‘relay’ attacks or hacks have emerged as frequently practiced malicious techniques. Manufacturers in the vehicle anti-theft system market are all set to develop tight specifications to combat against such malicious efforts. The sales of vehicle anti-theft systems in North America is foreseen to register the fastest growth through 2022. However, the Europe vehicle anti-theft system market is likely to sustain its lucrativeness than the North America vehicle anti-theft system market during the forecast period.
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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.
Vehicle Anti-theft System Market: Competitive Landscape
Some of the key players operating in the vehicle anti-theft system market 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.
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