Vehicle Anti-theft System Market Augmented Expansion to be Registered by 2017 to 2022
This report provides prognosis and analysis of the vehicle anti-theft system market. It offers historical data along with forecast data for 2022.
[USPRwire, Sat Apr 13 2019] FactMR has actively published a new research study titled “Vehicle Anti-theft System Market Augmented Expansion to be Registered by 2017 to 2022 | Key Players are Continental AG, OMRON Corporation, Robert Bosch GmbH, ZF, etc.” to its broad online database. This assessment works to discourse the major trends, opportunities and drivers motivating the vehicle anti-theft system market during the period between *forecast period*. The insights structured for presenting the target market are procured from both primary research and secondary research, and are utilized for validation that is valuable to investors, manufacturers and new entrants. As per research findings, the global vehicle anti-theft system market is expected to showcase impressive growth in CAGR during the period until 2022.
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Disruptive technology trends continue to challenge Automotive OEMs, particularly interactive vehicle safety systems, connected vehicles and forthcoming era of autonomous cars. Enhanced comfort and advanced safety have assisted automobile sales to grow and reach the current record high numbers. Although passive safety remains at the centerstage, vehicle anti-theft systems have consistently evolved following rising incidences of car thefts. By capturing opportunities in the evolving vehicle anti-theft system market landscape, OEMs are actively engaged in expanding their technical center facilities and production capacities.
Face-Detection technology is a face recognition based ignition system that replaces car key by user face identification. Advances in automotive electronics have introduced multiple vehicle anti-theft system technologies including face-detection technology which combines luxury with safety. While automotive biometric technology is estimated to register rapid expansion and real-time location technology accounts for the second largest share in the vehicle anti-theft system market, face-detection technology is projected to be the dominant segment in the vehicle anti-theft system market.
Recent technology introductions in the vehicle anti-theft system market have provided some of the most disruptive innovations to effectively address the concerns of vehicle thefts. Development of software that integrates smartphone and smart watches in the vehicle anti-theft system is the latest entrants in the market that allows linking of multiple features and enhances owner experience. Another vehicle tracking technology with GPS and GSM has successfully crossed the boundaries in delivering excellent vehicle anti-theft systems in the vehicle anti-theft system market.
Browse Vehicle Anti-theft System Market Report with TOC - https://www.factmr.com/report/39/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.
In the section of the competitive landscape, the report delivers a dashboard view of the key market players operating in the vehicle anti-theft system market. The companies have been profiled based on their product portfolios, recent innovations, their relative market positions, and business strategies. Key companies profiled in the vehicle anti-theft system market report 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 among others.
For example, Porsche, a leading German automobile manufacturer has announced the inclusion of GPS-enabled anti-theft protection in its classic Porsche models. Another key manufacturer in the vehicle anti-theft system market - Continental AG, another German leader in manufacturing of automotive components has announced plans to carve out the powertrain division under the new “Continental Group” umbrella brand which will also include Continental Automotive that delivers chassis and safety and interior units. Bosch, a leading manufacturer of vehicle anti-theft systems has introduced a new TRACI solution for agricultural and construction machinery, vehicles and special equipment tracking.
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