The Global Vehicle Anti-Theft System Market size is expected to reach $20.4 billion by 2028, rising at a market growth of 6.7% CAGR during the forecast period.
Automobile owners respect their possessions. Nonetheless, automobile theft is prevalent in the majority of countries worldwide. Manufacturers employ several techniques to prevent theft. An anti-theft device is a sort of device that aids in preventing vehicle theft through automatic or manual means. Several technologies can be utilized to attain objectives. There are numerous anti-theft devices on the market, including alarm systems and GPS tracking.
These technologies reduce the likelihood of auto theft by bolstering the security system. Vehicle anti-theft system market prospects are subsequently created by technological advances in anti-theft systems, such as real-time vehicle tracking systems and Ultra-Wideband (UWB) technology. In addition, many automobiles come equipped with immobilizers that provide protection via the ignition system. Manufacturer immobilizers operate through the vehicle's ECU/ECM (computers).
The need for the vehicle anti-theft system market is strongly driven by automotive production & sales since the vehicle anti-theft system is one of the most important safety components of modern automobiles. In addition, modern automobiles and automotive OEMs increasingly rely on intelligent technology to meet the varying needs of end users, contributing to the expansion of the market. Therefore, the deployment of smart technology for vehicle security and enhanced convenience, as well as product development in response to shifting demand patterns, are projected to boost the vehicle anti-theft system market.
Existing automobiles installed with vehicle anti-theft systems are anticipated to directly impact the demand for anti-theft systems as a whole. In addition, due to an improvement in vehicle safety and security, a boost in the adoption of electric vehicles is also expected to boost the expansion of vehicle anti-theft systems in the upcoming years. Leading technology solution providers prioritize organic growth tactics, such as expansion efforts to obtain a competitive edge and develop high-end technology-enabled products worldwide.
The major strategies followed by the market participants are Partnerships. Based on the Analysis presented in the Cardinal matrix; Continental AG, Denso Corporation and Robert Bosch GmbH are the forerunners in the Vehicle Anti-Theft System Market. Companies such as Aptiv, PLC, Valeo S.A and HELLA GmbH & Co. KGaA are some of the key innovators in Vehicle Anti-Theft System Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Continental AG, Robert Bosch GmbH, HELLA GmbH & Co. KGaA, Valeo SA, Denso Corporation, Aptiv PLC, Tokai Rika Co., Ltd., Stoneridge, Inc., Huf Hülsbeck & Fürst GmbH & Co. KG (Huf Holding Gmbh & Co. KG), and Marquardt Group.
Automobile owners respect their possessions. Nonetheless, automobile theft is prevalent in the majority of countries worldwide. Manufacturers employ several techniques to prevent theft. An anti-theft device is a sort of device that aids in preventing vehicle theft through automatic or manual means. Several technologies can be utilized to attain objectives. There are numerous anti-theft devices on the market, including alarm systems and GPS tracking.
These technologies reduce the likelihood of auto theft by bolstering the security system. Vehicle anti-theft system market prospects are subsequently created by technological advances in anti-theft systems, such as real-time vehicle tracking systems and Ultra-Wideband (UWB) technology. In addition, many automobiles come equipped with immobilizers that provide protection via the ignition system. Manufacturer immobilizers operate through the vehicle's ECU/ECM (computers).
The need for the vehicle anti-theft system market is strongly driven by automotive production & sales since the vehicle anti-theft system is one of the most important safety components of modern automobiles. In addition, modern automobiles and automotive OEMs increasingly rely on intelligent technology to meet the varying needs of end users, contributing to the expansion of the market. Therefore, the deployment of smart technology for vehicle security and enhanced convenience, as well as product development in response to shifting demand patterns, are projected to boost the vehicle anti-theft system market.
Existing automobiles installed with vehicle anti-theft systems are anticipated to directly impact the demand for anti-theft systems as a whole. In addition, due to an improvement in vehicle safety and security, a boost in the adoption of electric vehicles is also expected to boost the expansion of vehicle anti-theft systems in the upcoming years. Leading technology solution providers prioritize organic growth tactics, such as expansion efforts to obtain a competitive edge and develop high-end technology-enabled products worldwide.
COVID-19 Impact Analysis
Numerous automakers were obliged to omit high-end equipment such as navigation systems and digital odometers because of a lack of processors. In addition, there was no labor available because of social norms of separation and other constraints. The pandemic had a detrimental influence on the vehicle anti-theft systems market, an emerging market in vehicle security. In addition, an increase in car theft was seen during periods of lockdown. Hence, post-pandemic demand for improved vehicle anti-theft systems will propel the expansion of vehicle anti-theft systems.Market Growth Factors
Acceptance of smart technologies for vehicle safety
The adoption of safety and security requirements for auto manufacturing in developing nations like India is anticipated to increase demand for passive keyless entry systems and automotive keyless entry systems. For the market players in these regions, this is anticipated to present a lucrative opportunity during the projection period. In addition, the adoption of various systems, including immobilizers, alarm systems, and other vehicle anti-theft systems, in contemporary automobiles is anticipated to increase sales in the vehicle anti-theft system market.Growing demand for biometric technology in vehicles
It is anticipated that the development of multi-modal technologies that iris, scan fingerprint, and facial recognition to prohibit the entry of unauthorized individuals into vehicles would provide additional fuel to the growth of the vehicle anti-theft system market. In addition, prominent businesses are progressively undertaking various research initiatives to create keyless auto technology to minimize the danger of vehicle theft due to counterfeit keys, which is expected to provide additional impetus to the market's growth over the forecast period.Market Restraining Factors
Anti-theft systems are expensive
The market for vehicle anti-theft systems is anticipated to be driven by the increased need for operating efficiency, a rise in concern for vehicle safety, high-end technology-enabled vehicle safety, and effective access operation capability. Moreover, the anti-theft technology can be applied to both passenger and commercial vehicles in order to meet increased safety standards. To regulate the operations, the keyless entry system is integrated with various cutting-edge technologies, including a Bluetooth system, operating software, sensors, and electronic control panels.Product Outlook
Based on product, the vehicle anti-theft system market is segmented into alarm, biometric capture device, passive keyless entry, central locking system, immobilizer, and steering lock. In 2021, the central locking system segment procured a promising revenue share in the vehicle anti-theft system market. The majority of cars come equipped with a central locking mechanism, which is a convenience. Typically, turning a switch within the car allows drivers to lock and unlock all their doors from a single location. Also, it is a security system that simultaneously secures all of the car's doors. A manual or remote control key fob is typically used to power it.
Technology Outlook
On the basis of technology, the vehicle anti-theft system market is categorized into real-time location systems, automotive biometric technologies, global positioning system, remote frequency identification device and others. The remote frequency identification device segment dominated the vehicle anti-theft system market with the maximum revenue share in 2021. The automobile sector is fast using radio frequency identification (RFID) for manufacturing and combining it with other automotive technology. The demand for premium vehicles, which drives the RFID technology use for automobiles, is primarily driven by the increase in per capita income and the growth of buy power equality.Sales Channel Outlook
By sales channel, the vehicle anti-theft system market is classified into OEM and aftermarket. The OEMs segment witnessed the largest revenue share in the vehicle anti-theft system market in 2021. By integrating key fobs with cell phones, manufacturers aim to improve their capabilities. In addition, a linked immobilizer system will offer a higher level of security. The market for vehicle anti-theft systems will thus see increased growth opportunities.Vehicle Type Outlook
On the basis of vehicle type, the vehicle anti-theft system market is bifurcated into passenger cars and commercial vehicles. In 2021, the commercial segment acquired a substantial revenue share in the vehicle anti-theft system market. This is a result of the rising truck and bus demand. In addition, as businesses use fleet management solutions to streamline their operations, the market is also seeing growth in the number of commercial vehicles. Depending on the availability of local laws & regulations relevant especially to the national basis concerning type approval requirements, immobilizers may be fitted as original equipment (OE) or aftermarket.Regional Outlook
Region wise, the vehicle anti-theft system market is analyzed across North America, Europe, Asia Pacific and LAMEA. The Asia Pacific region led the vehicle anti-theft system market by generating the highest revenue share in 2021. The substantial market potential in this area can be attributed to major automakers like Nissan, Suzuki, Hyundai, and others, as well as rising investments in the sector. Other variables that influence vehicle anti-theft system shipments in the Asia Pacific include encouraging government activities, increasing vehicle thefts, implementing strict legislation requiring anti-theft systems, and rising sales of passenger automobiles.The Cardinal Matrix - Vehicle Anti-Theft System Market Competition Analysis
The major strategies followed by the market participants are Partnerships. Based on the Analysis presented in the Cardinal matrix; Continental AG, Denso Corporation and Robert Bosch GmbH are the forerunners in the Vehicle Anti-Theft System Market. Companies such as Aptiv, PLC, Valeo S.A and HELLA GmbH & Co. KGaA are some of the key innovators in Vehicle Anti-Theft System Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Continental AG, Robert Bosch GmbH, HELLA GmbH & Co. KGaA, Valeo SA, Denso Corporation, Aptiv PLC, Tokai Rika Co., Ltd., Stoneridge, Inc., Huf Hülsbeck & Fürst GmbH & Co. KG (Huf Holding Gmbh & Co. KG), and Marquardt Group.
Strategies Deployed in Vehicle Anti-Theft System Market
Partnerships, Collaborations and Agreements:
- Jan-2023: Continental AG came into partnership with Ambarella, Inc., an edge AI semiconductor company. Under this partnership, Continental AG would be able to broaden its portfolio and take a step closer to Autonomous Mobility and Vision Zero.
- Oct-2022: Denso Corporation came into collaboration with NTT Communications Corporation, a Japanese telecommunications company that operates an international network. Under this collaboration, both organizations would together craft the Security Operation Center for Vehicles (VSOC1) to react to the threat of increasingly sophisticated cyber-attacks against vehicles. Furthermore, this step would deliver main services that allow prompt incident response at mobility providers and car manufacturers.
- Jan-2022: Stoneridge, Inc. partnered with Valens Semiconductor, an Israeli fabless manufacturing company providing semiconductors for the automotive and audio-video industries. Under this partnership, both organizations would be able to present a connectivity solution related to safety systems and vision in tractor-trailers to address safety-critical issues in the trucking industry.
- Jan-2022: Robert Bosch GmbH collaborated with IRP Systems, a leading provider of cutting-edge electric powertrain solutions for e-mobility. Under this collaboration, Robert Bosch GmbH would be able to take part in complementary e-mobility markets and strengthen its position as a prime player in the electronic manufacturing sector.
- Sep-2020: TOKAI RIKA Co., Ltd. partnered with dotD, Inc., a business creation firm that supports new business development based on its own business and alliance business. Under this partnership, TOKAI RIKA Co., Ltd. would be able to craft a more fast, convenient, and secure world as a social infrastructure by reacting rapidly and internationally to key digitization needs without utilizing physical keys.
- Aug-2020: Continental AG came into partnership with AFT Automotive, a company that manufactures Brake Shoes, Clutch Plates, Brake Lining, Disc Brake Pads, and Clutch Assembly. Under this partnership, Continental AG would be able to improve its skills as a system supplier and allow itself to consistently grow its technological expertise in high-performance plastics for the future.
- Jan-2020: HELLA GmbH & Co. KGaA came into partnership with Oculii Corp., a pioneer in advanced software solutions for radar technology. Under this partnership, HELLA GmbH & Co. KGaA would be able to leverage advanced software technology to greatly improve the performance of its leading automotive radar platform. Moreover, this partnership would enable both organizations to provide high-performance perception solutions and radar sensing.
Product Launches and Product Expansions:
- Dec-2022: Aptiv PLC took over Wind River, a global leader in delivering software for the intelligent edge. Through this acquisition, Aptiv PLC would be able to deliver great value to its customers by integrating the Wind River and Aptiv's complementary portfolios and decades of combined experience.
- Jul-2022: Valeo S.A took over Valeo Siemens eAutomotive by obtaining a 50% stake. Through this acquisition, Valeo S.A would strengthen its place as a prominent player in electrification with an exhaustive range of low- and high-voltage electric powertrain solutions covering all needs and use.
- Feb-2019: Continental AG took over Kathrein Automotive GmbH, a manufacturer of vehicle antennas. Through this acquisition, Continental AG would be able to strengthen the tier of cooperation within its cross-divisional R&D teams. Moreover, Continental AG would take necessary measures to work on driving forward the development of high-performance connectivity solutions for intelligent mobility.
Business Expansion:
- Sep-2018: Denso Corporation expanded its business by designating a joint venture with NRI SecureTechnologies, Ltd, a company specializing in information security that belongs to the Nomura Research Institute Group. The new cybersecurity company, named NDIAS, Ltd. is equally owned by NRI and DENSO.
Scope of the Study
By Technology
- Remote Frequency Identification Device
- Global Positioning System
- Real-time Location Systems
- Automotive Biometric Technologies
- Others
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
By Sales Channel
- OEM
- Aftermarket
By Product
- Alarm
- Central Locking System
- Immobilizer
- Steering Lock
- Passive Keyless Entry
- Biometric Capture Device
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Continental AG
- Robert Bosch GmbH
- HELLA GmbH & Co. KGaA
- Valeo SA
- Denso Corporation
- Aptiv PLC
- Tokai Rika Co., Ltd.
- Stoneridge, Inc.
- Huf Hülsbeck & Fürst GmbH & Co. KG (Huf Holding Gmbh & Co. KG)
- Marquardt Group
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. Global Vehicle Anti-Theft System Market by Technology
Chapter 5. Global Vehicle Anti-Theft System Market by Vehicle Type
Chapter 6. Global Vehicle Anti-Theft System Market by Sales Channel
Chapter 7. Global Vehicle Anti-Theft System Market by Product
Chapter 8. Global Vehicle Anti-Theft System Market by Region
Chapter 9. Company Profiles
Companies Mentioned
- Continental AG
- Robert Bosch GmbH
- HELLA GmbH & Co. KGaA
- Valeo SA
- Denso Corporation
- Aptiv PLC
- Tokai Rika Co., Ltd.
- Stoneridge, Inc.
- Huf Hülsbeck & Fürst GmbH & Co. KG (Huf Holding Gmbh & Co. KG)
- Marquardt Group
Methodology
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