Vehicle anti-theft system Market: Opportunities, Size and Growth Projections in Upcoming Years

MANHATTAN, N.Y. - March 28, 2023 - PRLog -- The global market for vehicle anti-theft systems is anticipated to grow steadily at a CAGR during the forecast period of 2024-2028, driven by the increasing adoption of biometric technologies, technological advancements, and stringent safety regulations. The rise in theft and safety awareness among consumers is encouraging automobile manufacturers to produce vehicles with the best theft and safety systems, thereby fueling the growth of the global vehicle anti-theft system market through 2028.

The market has been segmented based on product into Alarm, Passive Keyless Entry, Immobilizer, Steering Lock, Biometric Capture Device, and Central Locking System. In terms of value, the immobilizer segment dominated the market in 2028. The APAC region dominated the market in 2022 and is expected to continue its dominance during 2024-2028 due to the increasing use of biometric technology and the growing demand for multifactor authentication.

Major players operating in the global vehicle anti-theft market include Mitsubishi Electric Corporation, TRW Automotive Holding Corp., Aptiv PLC, Hella KGaA Hueck & Co., Alps Electric Co., Ltd., Continental AG, Robert Bosch GmbH, Voxx International Corp, Tokai Rika Co., Ltd., and Johnson Electric Holdings Limited. These companies are developing advanced technologies and launching new products to remain competitive in the market. Other competitive strategies include mergers and acquisitions and new product developments.

Objective of the Study:

• To analyse and forecast the market size of Vehicle Anti-Theft System Market, in terms of value and volume.
• To classify and forecast Global Vehicle Anti-Theft System Market based on vehicle type, product, technology and regional distribution.
• To identify drivers and challenges for Global Vehicle Anti-Theft System Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Vehicle Anti-Theft System Market.
• To conduct the pricing analysis for Vehicle Anti-Theft System Market.
• To identify and analyse the profile of leading players involved in the manufacturing of Global Vehicle Anti-Theft System Market.

Browse over 167 market data Figures spread through 221 Pages and an in-depth TOC on the "Vehicle anti-theft system Market " https://www.techsciresearch.com/report/vehicle-anti-theft-system-market/2297.html

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Key Target Audience:

• Vehicle Anti-Theft System manufacturers
• Automotive OEM's
• Traders, Distributors, and Suppliers
• Industry associations and experts
• Research organizations and consulting companies.
• Research Institutes
• Industry associations
• Market research and consulting firm.