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Improving car security: the vehicle anti-theft system

Vehicle anti-theft systems market

Vehicle anti-theft systems market

The global vehicle anti-theft systems market size was estimated at USD 14.3 billion in 2021 and is estimated to reach USD 27.4 billion by 2031, with a CAGR of 7% between 2022 and 2031.

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Vehicle Anti-Theft Systems Market Size, Share, Competitive Landscape and Trend Analysis by Product, by Technology, by Sales Channel, by Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2021-2031

A vehicle anti-theft system is a technology that improves safety by preventing unwanted break-ins and vehicle theft. To identify potential dangers that could lead to car theft, the system uses a number of technologies. As a result, vehicle owners are using them more often. Simple vehicle alarms to biometric sensor systems are all examples of vehicle anti-theft systems. Due to the changing outlook for automotive manufacturing and the presence of vehicle anti-theft system manufacturers across the region, Asia Pacific is the market leader in vehicle anti-theft systems.

The research provides a detailed segmentation of the global vehicle anti-theft systems market based on product type, technology, sales channel, vehicle type and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize based on the highest revenue-generating and fastest-growing segments mentioned in the report.

Based on product type, the alarm segment held the highest share in 2021, contributing to over 31% of the global vehicle anti-theft systems market. It is expected to continue its leadership status during the forecast period. However, the biometric capture devices segment is expected to register the highest CAGR of 9.0% between 2022 and 2031.

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By technology, the remote frequency identification device segment accounted for the highest share in 2021 and contributed to more than 37% of the global vehicle anti-theft systems market. It is expected to maintain its lead in revenue during the forecast period. However, the global positioning systems segment is expected to exhibit the highest CAGR of 8.1% between 2022 and 2031.

Based on sales channel, the OEM segment accounted for the highest share in 2021, contributing over 78% of the global vehicle anti-theft systems market and is expected to continue its leadership status during the forecast period. However, the aftermarket segment is estimated to grow at the highest CAGR of 7.3% during the forecast period.

Based on vehicle type, the passenger car segment accounted for the highest share in 2021, accounting for over 70% of the global vehicle anti-theft systems market, and is expected to maintain its lead in revenue during the forecast period. However, the global commercial vehicle segment is expected to exhibit the highest CAGR of 7.6% between 2022 and 2031.

Based on region, Asia Pacific held the largest share in 2021, contributing over 30% of the global vehicle anti-theft systems market, and is expected to maintain its dominant share in terms of revenue in 2031. region is expected to exhibit the fastest CAGR of 8.0% during the forecast period.

Leading market players in the global vehicle anti-theft systems market analyzed in the study include Continental AG, Robert Bosch GmbH, HELLA GmbH & Co. KGaA, Tokai Rika Co. Ltd., Valeo SA, Denso Corporation, Stoneridge Inc., Aptiv plc., Huf Hulsbeck & Furst GmbH & Co. KG, Marquardt Group.

The report provides a detailed analysis of these key players in the global vehicle anti-theft systems market. These players have adopted various strategies such as new product launches, collaborations, expansion, joint ventures, agreements and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio and strategic moves of market players to showcase the competitive scenario.

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https://www.alliedmarketresearch.com/vehicle-security-system-market-A11381 – Global opportunity analysis and sector forecast, 2023-2035

https://www.alliedmarketresearch.com/automotive-active-safety-system-market-A08448 – Global opportunity analysis and sector forecast, 2023-2035

https://www.alliedmarketresearch.com/automotive-passive-safety-system-market-A11736 – Global opportunity analysis and sector forecast, 2023-2035

https://www.alliedmarketresearch.com/automotive-safety-system-market-A10022 – Global opportunity analysis and sector forecast, 2023-2035

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