Today, the global  vehicle anti-theft system market is valued at US$ 11.5 billion and is expected to grow up to US$ 16.2 billion by 2027. Global sales of vehicle anti-theft systems are expected to grow fast at a CAGR of 7.1% over the 2027 period.

Vehicle immobilizer systems are anticipated to depict demand growth at 7.5% CAGR due to stricter government regulations in various nations that require the fitting of immobilizers as they have been found to be more secure compared to other auto theft systems.

Get a Sample Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=39

Key Takeaways from Market Study:

•         During the period between 2022 and 2027, vehicle anti-theft system market is forecasted to demonstrate progress at a rate of CAGR of 7.1%.

•         The Asia Pacific market for vehicle anti-theft systems is now a leading market and is predicted to continue in the same position during the next five years as well.

·       Demand for immobilizers is expected to grow at a CAGR of approximately 7.5% in the next five years and will be of key interest to businesses seeking to enhance their sales and revenue generation capabilities.

•         Global vehicle anti-theft system market, on the basis of product type, can be divided into steering locks, alarms, biometric capture devices, immobilizers, remote keyless entry, and central locking.

•         Automobile theft alarm system demand is expected to grow at 5% CAGR.

Competitive Landscape:

Firms in the vehicle anti-theft system market are expected to concentrate on the implementation of measures that would enable them to expand their market share like mergers, collaborations, and partnerships.

•         In January 2022, a leading car maker Ford and home and business security solution provider ADT announced the initiation of a new joint venture for improving car security and overcoming defects of the same. The joint venture named Canopy planned to introduce an accessory that could be installed on vehicles to watch around and alert owners of cars.

•         tSecureThings.ai, a California startup that was established in 2018, is addressing new automotive security challenges through artificial intelligence (AI) and machine learning. It plans to address emerging trends in the automotive sector like autonomous driving, electric vehicles, and automotive IoT.

More Valuable Insights on Offer

Fact.MR, in its latest report, offers an impartial analysis of the global Vehicle Anti-theft System Market, offering historical market data (2017-2021) and forecast statistics for the period 2022-2032.

The research discloses crucial information on the Vehicle Anti-theft System Market, By Product Type (Stealing Locks, Alarms, Biometric Capture Devices, Immobilizers, Remote Keyless Entry), By Technology (GPS, GSM, Face Detection Systems, Global Radio Frequency Identification, RTLS), By Vehicle Type - Global Forecast 2022-2027

Old Source: https://www.globenewswire.com/news-release/2022/09/13/2515073/0/en/Sales-Of-Vehicle-Anti-Theft-Systems-Are-Anticipated-To-Increase-Rapidly-At-A-CAGR-Of-7-1-Through-2027-States-Fact-MR.html