The growing demand for multifactor authentication and technological advancements in vehicle anti-theft systems are some of the key factors fueling the growth of this market.
- Advertising -
The report "Vehicle Anti-Theft System Market by Product (Steering Lock, Alarm, Biometric Capture Device, Immobilizer), Technology (GPS, GSM, RTLS), Vehicle Type (Passenger Car, Commercial Vehicle, Off-Highway Vehicle), and Region - Global Forecast to 2021", The vehicle anti-theft system market is estimated to be USD 6.59 Billion in 2016, and is projected to grow to USD 9.57 Billion by 2021, at a CAGR of 7.76%.
Browse 93 market data tables and 61 figures spread through 154 pages and in-depth TOC on “Vehicle Anti-Theft System Market by Product (Steering Lock, Alarm, Biometric Capture Device, Immobilizer), Technology (GPS, GSM, RTLS), Vehicle Type (Passenger Car, Commercial Vehicle, Off-Highway Vehicle), and Region - Global Forecast to 2021”
Download PDF brochure @ www.marketsandmarkets.com/pdfdownload.asp?id=85985251
Face detection systems to hold the largest share in the vehicle anti-theft system market, by technology
The face detection system (FDS) segment is estimated to account for the largest share in the vehicle anti-theft system market.
- Advertising -
The system is used to monitor the drivers state of consciousness through eye movement. It also identifies an authorized vehicle-user based on a facial recognition system.
Additionally, the vehicle immobilizer system sends a message to the registered phone number of the vehicle-user in case of any discrepancy. These features are increasing the demand for this technology.
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.
The report analyzes all major players in the vehicle anti-theft system market, including Robert Bosch GmbH (Germany), Continental AG (Germany), Lear Corporation (U.S.), and ZF-TRW (U.S.).
Inquire Report @ www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=85985251
Category: Market Research Publishers and RetailersCompany profile: MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth ...
For more information: