vehicle anti-theft system market
The vehicle anti-theft system market, in terms of value, is projected to grow at a CAGR of 6.92% from 2016 to 2021. The market is estimated to be USD 8.33 billion in 2016, and is projected to reach 11.64 billion by 2021. In this study, 2015 has been considered the base year, and 2016 to 2021 the forecast period, for estimating the market size of the vehicle anti-theft system market.
Research Methodology
The research methodology used in the report involves various secondary sources such as Society of Indian Automobile Manufacturers (SIAM), China Association of Automobile Manufacturers (CAAM), Japan Automobile Manufacturers Association (JAMA), and paid databases and directories. Experts from related industries and suppliers have been interviewed to understand the future trends of the vehicle anti-theft system market. The bottom-up approach has been used to estimate and validate the size of the global market. The market size, by volume, is derived by identifying the country-wise production volumes and analyzing the demand trends.
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The figure given below illustrates the break-up of the profile of industry experts who participated in primary discussions.
Objectives of the Study
- To define, describe, and forecast the global market for vehicle anti-theft systems on the basis of vehicle type, product type, active/passive type, technology, and region, in terms of volume (thousand/million units) and value (USD million/billion)
- To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, industry-specific challenges, and burning issues)
- To analyze opportunities for stakeholders and provide details of the competitive landscape for market leaders
- To strategically analyze sub segments (vehicle type, product type, and technology) with respect to individual growth trends, future prospects, and contribution to the total market
- To forecast the size of market segments with respect to four main regions (along with key countries)— namely, Asia-Pacific, North America, Europe, and the Rest of the World (RoW)
- To strategically profile key players and comprehensively analyze their strategies and core competencies
- To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product developments, and research & development (R&D) in the vehicle anti-theft system market
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The ecosystem of the vehicle anti-theft system industry consists of manufacturers such as Robert Bosch GmbH (Germany), Continental AG (Germany), and Lear Corporation (U.S.), research institutes such as the Automotive Research Association of India (ARAI), European Automotive Research Partners Association (EARPA), and the United States Council for Automotive Research (USCAR), and regional automobile associations such as China Association of Automobile Manufacturers (CAAM), Japan Automobile Manufacturers Association (JAMA), and the European Automobile Manufacturers Association (ACEA).
Target Audience
- Manufacturers of vehicle anti-theft systems
- Dealers and distributors of vehicle anti-theft systems
- Industry associations
- Investment firms
- Equity research firms
- Private equity firms
Immobilizers: A promising market due to stringent safety regulations
The immobilizer segment is estimated to hold the largest share in the vehicle anti-theft system market, by product. Mandatory installation of immobilizers has drastically reduced thefts in various countries. The growing demand for safety features as a result of government regulations has boosted the market for immobilizers.
Asia-Pacific: Largest market for vehicle anti-theft systems
Asia-Pacific is estimated to account for the largest share, in terms of value, of the vehicle anti-theft system market in 2016. The demand for anti-theft systems in this region is triggered by the growing population in urban areas. The automotive industry in Asia-Pacific has witnessed a year-on-year increase in sales. The region is also the leading producer of automobiles in the world.
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Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
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