Car Anti-Theft Devices Market

Key Insights

The Global Car Anti-Theft Devices Market is valued at USD 13.44013176 Billion in 2023 and is projected to reach a value of USD 21.8 Billion by 2032 at a CAGR (Compound Annual Growth Rate) of 6.2% between 2024 and 2032.

Overview and Description

A car anti-theft system is a device or method which prevents unauthorized access to a vehicle. The manufacturers fit this device to prevent it from being used by an unauthorized person. To enable this, they install these devices in the cars. The car anti-theft system works with the use of various sensors that are installed inside and around the car. An impact or the movements inside the car activates the sensors. This, in turn, triggers the anti-theft alarm system and buzzes the alarm. The alarm goes off and alerts the owner of the car. Even, the change in the vehicle’s position can alert the tilt sensor and activates the anti-theft alarm system of the car.

The Global Car Anti-Theft Devices Market report provides a thorough analysis of each segment, region, and country. All the segments are studied considering historical and future trends across geographies. All the segments are analyzed based on trends, market size, and forecasts, and the data is provided for the years 2017–2032. Several growth factors and opportunities impacting various segments have been incorporated in the report. In addition to that, the report will cover a thorough analysis of major players operating in the market based on company overview, product portfolio, recent developments, business strategies, financial performance, and market share among others. Cumulatively, the report will cover all aspects regarding the Global Car Anti-Theft Devices Market.

COVID-19 Impact Analysis

In 2020, swift spread of COVID-19 largely impacted the global business operations, disrupting the supply chain and impairing various industries. The global trading activities were declined severely owing to the nationwide lockdowns, international border seals, and strict social distancing measures. This had a drastic impact on the global economy, as the companies across the globe were forced to either fully close or partially close their operations, leading to disruption in the supply-demand ratio. Moreover, in 2023 several key markets such as U.S., India, and Brazil among others witnessed a second wave of COVID-19 that further disrupted the market. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

• Impact Assessment of COVID-19 Pandemic
• Pre & Post COVID-19 Market Size
• Qualitative analysis on the short term & long term impact of COVID-19 on the market
• The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

Industry Analysis

The report includes an exhaustive analysis of Car Anti-Theft Devices industry that includes drivers, restraints/challenges, opportunities, and segmental/regional trends among others. Apart from that, it will also cover extensive information on various marketing tools such as PEST Analysis, Porter’s Five Forces Analysis, pricing trends, SWOT analysis, and value chain among others.

The increasing technological innovation is anticipated to augment the growth of the car anti-theft system market during the forecast period. Luxury cars are now employed with cutting-edge technologies to stop unauthorized access to the ignition system of the vehicles. The traditional lock and key mechanism are mostly replaced with the current tech of biometric identification systems and RFID tag. The ECM reads the RFID tag attached to the key for the ignition to take place. Additionally, most cars are now integrated with IoT based system that enables location tracking and engine shutdown if reported stolen. Owing to these developments there is an increase in the demand of the car anti-theft system market which is driving the market

The rising vehicle sale across the globe is anticipated to augment the growth of the car anti-theft system market during the forecast period. This is owing to the rapid urbanization, increasing disposable income of the consumers, and advancement in technologies. Furthermore, the increasing adoption of personal vehicles has also increased the global sales of automobiles which in turn is expected to support the growth of the car anti-theft system market in the forecast period.

The high prices of premium safety devices and failure in car anti-theft system due to the failure of electronic components used in them are expected to hamper the growth of the car anti-theft system market in the years to come. The car anti-theft system consists of electronic components like electrical wiring, batteries and other components for their proper functioning. Failure in any of these components could damage the vehicle security system and results in replacements of many other components as well even in case of minor damages.

Market Segmentation

Product Types Analysis: Preview

On the basis of Product Types, the market is segmented into Steering Lock, Alarm, Biometric Capture Device. Biometric Capture Device held the highest share in the Global Car Anti-Theft Devices Market and is projected to witness the same trend during the forecast period.

Application Analysis: Preview

Based on Application, the market is segmented into Passenger Car, Commercial Vehicle, Off-Highway Vehicles. Passenger Car accounted for the highest market share and is expected to grow at a significant CAGR from 2023 to 2032.

Analysis: Preview

Based on , the market is segmented into . dominates the Global Car Anti-Theft Devices Market and is expected to continue the same trend from 2023 to 2032.

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Report Coverage & Deliverables

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• Market Trends Heatmap
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• Market Sentiment Analysis
• Demographic and Geographic Insights

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Regional Analysis: Preview

Geographically, the Global Car Anti-Theft Devices Market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The report covers a thorough segmental analysis for each region comprising of market size and estimations for each segment by region for the years 2023–2032. In addition to that the report analyses Car Anti-Theft Devices Market at country-level hence the regional study is further bifurcated into key country-level markets from each region. Asia Pacific is anticipated to dominate the global market during upcoming years. This is accredited to the presence of key market players combined with rising demand from the end-users. Some of the prominent country-level markets are U.S., China, Germany, France, India, and Japan.

Competitive Landscape

Major players in the Global Car Anti-Theft Devices Market are U-Shin Ltd., ZF TRW Automotive Holdings Corporation, Valeo, Scorpion Group, Ikeyless, Lear Corporation, TOKAI RIKA CO. LTD., Viper, Cheetah, Robert Bosch GmbH, Johnson Electric, Compustar, Mitech, VOXX International, Delphi Automotive, Fortin, Mitsubishi Electric Corporation, Crimestopper, Hirain, Autowatch, Hella, Changhui Shouthern Dare, Continental AG.. The Global Car Anti-Theft Devices Market report covers an exhaustive analysis of all the key players in the industry. This includes a business overview, extensive portfolio, business strategies, news, financial performance, length of distribution network, and geographical presence among others. In addition to that, the report also covers company market share along with in-depth strategic developments.

The Global Car Anti-Theft Devices Market can be categorized as Type, Application, End-Use Industry, and Region.