The North America Anti-Theft System Market would witness market growth of 11.9% CAGR during the forecast period (2024-2031).
The US market dominated the North America Anti-Theft System Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $18,279.8 million by 2031. The Canada market is experiencing a CAGR of 14.4% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 13.4% during (2024 - 2031).
Anti-theft systems are technologies and mechanisms designed to prevent or deter theft of property, typically vehicles or valuable assets. These systems employ various strategies and technologies to protect against unauthorized access and theft.
Additionally, it finds widespread applications across multiple sectors and industries, each with unique security requirements and operational challenges. One of the primary applications of anti-theft systems is in the automotive industry.
As theft, break-ins, and property crimes rise across Canada, there is a heightened demand for robust anti-theft systems. Businesses, homeowners, and institutions seek advanced security measures to protect their assets and properties from potential threats. According to Statistics Canada, rates of theft—which include motor vehicle theft, major and minor theft, and shoplifting of $5,000 or under—along with breaking and robbery, rose in 2022. Theft of motor vehicles accounted for the largest portion of the overall increase in the Crime Severity Index (CSI) in 2022, with shoplifting, robbery, breaking, and small theft following closely behind.
Free Valuable Insights: The Anti-Theft System Market is Predict to reach USD 95.3 Billion by 2031, at a CAGR of 12.1%
Based on Component, the market is segmented into Hardware, Software, and Services. Based on Product Type, the market is segmented into Biometric Capture Devices, Remote Keyless Entry, Alarm, and Others. Based on Industry Vertical, the market is segmented into Automotive, Consumer Electronics, BFSI, Government, Retail, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Component
By Product Type
By Industry Vertical
By Country
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