Vehicle Anti-Theft Market to Thrive Moderately at a Healthy CAGR during the Forecast Period 2019 to 2022. Global Vehicle Anti-Theft Market, by product (Immobilizer, Steering lock, Central locking, alarm), by technology (GPS, GSM, RTLS, Face detection system, automotive biometric technology) by vehicle type (Passenger car, Commercial vehicle).
Some of the key players profiled in the report are Continental AG, Tokai Rika, Ltd., Lear Corporation, Johnson Electric, Robert Bosch GmbH, Delphi Automotive LLP, Mitsubishi Electric Corporation, ZF-TRW, and VOXX International Corp.
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Vehicle anti-theft system is a technology which is used to prevent unauthorized access of vehicle. Anti-theft systems have evolved from the invention of lock and key to the introduction of biometric technology. Anti-theft devices adds security to vehicles and may also lower vehicle insurance rates. It also provides advanced protection like stolen vehicle tracking, microprocessors with digital signal processing, ultrasonic sensors, rechargeable batteries, and closed tool chain for configuration and simulation.
Market Research Future (MRFR)’s latest study reveals that the global vehicle anti-theft market is set to exhibit a substantial growth at a moderate pace over the forecast period 2016 to 2022. The technological advancements adopted by the vehicle anti-theft industry leaders is expected to catapult the market on an upward trajectory for the next few years.
Vehicle Anti-Theft market is application driven, and systems are gaining popularity across the end user and technologies like such as GPS, RTLS, and Automotive Biometric Technology which is referred as one of the major driving factors for market. Asia pacific is estimated to account for the largest share, in terms of value, of the Vehicle Anti-Theft System Market. This can be mainly attributed to the rising vehicle production and the increasing installation of safety features in passenger cars, commercial vehicles.
Asia Pacific is followed by North America and Europe. Increasing installation of safety features and rising vehicle production and the presence of manufacturers such as Ford Motor Company, General Motors, and Fiat in the region are driving the market of vehicle anti-theft. Additionally, high demand from customers and high purchasing power has upped demand for vehicles and boosted the market for anti-theft vehicle systems.
Get Detailed Information@ https://www.marketwatch.com/press-release/vehicle-anti-theft-system-market-2018-global-industry-analysis-by-size-trends-growth-factors-share-emerging-technologies-key-country-region-and-competitive-landscape-forecast-to-2023-2018-11-05
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