The Asia Pacific Vehicle Anti-Theft System Market would 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.
Free Valuable Insights: The Worldwide Vehicle Anti-Theft System Market is Projected to reach USD 20.4 Billion by 2028, at a CAGR of 6.7%
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.
By Technology
By Vehicle Type
By Sales Channel
By Product
By Country
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