The Asia Pacific Vehicle Anti-Theft System Market should witness market growth of 7.3% CAGR during the forecast period (2022-2028).
Vehicle immobilizers inform vehicle owners of their registered phone numbers in the event of a forcible entry. The message also provides a photograph of the driver and the vehicle's location. Many of these attributes have contributed to immobilizers' growing popularity.
Innovative products incorporating cutting-edge technologies like microprocessors with digital signal processing, continuous-wave, pulse-echo algorithms, inclination, ultrasonic sensors, a closed toolchain for configuration and simulation, and rechargeable batteries have boosted the market significantly. In all regions, the need for vehicle anti-theft systems is propelled by the increasing demand for multifactor authentication and the rising use of biometric technologies. In addition, government rules on car safety in many nations are also pushing growth.
Due to the growing production capacity in the automotive industry, the Asia Pacific market is expected to grow. Japan,China, and India all have strong demand for passenger cars, which encourages business growth. Autonomous vehicles are getting more well-liked in this area because of their excellent level of safety as well as technologically advanced features supported by sensors and actuators. The demand for commercial cars is increasing as the logistics & passenger transportation sectors expand. In addition, the electrification of vehicles, especially three-wheelers and small passenger cars, is one of the emerging trends expected to drive market growth. The market for vehicle anti-theft systems is anticipated to rise gradually in the APAC region due to the region's expanding automotive industry.
The China market dominated the Asia Pacific Vehicle Anti-Theft System Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,185.4 million by 2028. The Japan market is estimated to grow a CAGR of 6.6% during (2022-2028). Additionally, The India market would experience a CAGR of 7.9% during (2022-2028).
Based on Technology, the market is segmented into Remote Frequency Identification Device, Global Positioning System, Real-time Location Systems, Automotive Biometric Technologies, and Others. Based on Vehicle Type, the market is segmented into Passenger Cars, and Commercial Vehicles. Based on Sales Channel, the market is segmented into OEM, and Aftermarket. Based on Product, the market is segmented into Alarm, Central Locking System, Immobilizer, Steering Lock, Passive Keyless Entry, and Biometric Capture Device. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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.
Vehicle immobilizers inform vehicle owners of their registered phone numbers in the event of a forcible entry. The message also provides a photograph of the driver and the vehicle's location. Many of these attributes have contributed to immobilizers' growing popularity.
Innovative products incorporating cutting-edge technologies like microprocessors with digital signal processing, continuous-wave, pulse-echo algorithms, inclination, ultrasonic sensors, a closed toolchain for configuration and simulation, and rechargeable batteries have boosted the market significantly. In all regions, the need for vehicle anti-theft systems is propelled by the increasing demand for multifactor authentication and the rising use of biometric technologies. In addition, government rules on car safety in many nations are also pushing growth.
Due to the growing production capacity in the automotive industry, the Asia Pacific market is expected to grow. Japan,China, and India all have strong demand for passenger cars, which encourages business growth. Autonomous vehicles are getting more well-liked in this area because of their excellent level of safety as well as technologically advanced features supported by sensors and actuators. The demand for commercial cars is increasing as the logistics & passenger transportation sectors expand. In addition, the electrification of vehicles, especially three-wheelers and small passenger cars, is one of the emerging trends expected to drive market growth. The market for vehicle anti-theft systems is anticipated to rise gradually in the APAC region due to the region's expanding automotive industry.
The China market dominated the Asia Pacific Vehicle Anti-Theft System Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,185.4 million by 2028. The Japan market is estimated to grow a CAGR of 6.6% during (2022-2028). Additionally, The India market would experience a CAGR of 7.9% during (2022-2028).
Based on Technology, the market is segmented into Remote Frequency Identification Device, Global Positioning System, Real-time Location Systems, Automotive Biometric Technologies, and Others. Based on Vehicle Type, the market is segmented into Passenger Cars, and Commercial Vehicles. Based on Sales Channel, the market is segmented into OEM, and Aftermarket. Based on Product, the market is segmented into Alarm, Central Locking System, Immobilizer, Steering Lock, Passive Keyless Entry, and Biometric Capture Device. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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.
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 Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
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. Asia Pacific Vehicle Anti-Theft System Market by Technology
Chapter 5. Asia Pacific Vehicle Anti-Theft System Market by Vehicle Type
Chapter 6. Asia Pacific Vehicle Anti-Theft System Market by Sales Channel
Chapter 7. Asia Pacific Vehicle Anti-Theft System Market by Product
Chapter 8. Asia Pacific Vehicle Anti-Theft System Market by Country
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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About the Market
The Anti Theft System market within the context of Telematics and Vehicle Electronics is a rapidly growing industry. It is a system that uses a combination of technologies such as GPS, GSM, RFID, and other sensors to protect vehicles from theft. It is designed to detect and prevent unauthorized access to a vehicle, as well as to alert the owner of any suspicious activity. The system can also be used to track the vehicle's location and provide real-time updates. The Anti Theft System market is Read more
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