As countries make headway in lowering vehicle theft, National Insurance Crime Bureau (NICB) states quoting state and local crime fighters that drug problem is one of the driving forces behind the high vehicle theft rate as drug users steal cars to perpetrate other crimes. The NICB deduced that 147,434 vehicles were reported stolen with keys left in cars between 2013 and 2016. Meanwhile, with smartphones proliferation, it has become possible to disable the car remotely which has deterred some theft. Manufacturers are vying to come up with protection of vehicles with a reliable, intelligent, efficacious and economical system.
The cutting edge technology is vying to monitor, protect and track the vehicle in no time. The growing use of engine mobilizers, coded smart keys and telematics locating systems and vehicles parts marking has resulted in the plunge in vehicle theft. Besides, heightened public awareness and law enforcement agencies’ enhanced prosecution efforts have acted as caveats for vehicle theft.
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Several agencies suggest use of GPS telematics to remotely monitor a vehicle through a personal computer or a smartphone. Accordingly, the use of microcontroller based anti-theft security system using GSM networks as also grown in popularity. The emergence of software which integrates smartphone and smart watches in the vehicle anti-theft system has brought disruption in the market. These factors are anticipated to propel the vehicle anti-theft system market.
Vehicle Anti-theft System Market: Overview
The report offers a thorough analysis on the vehicle anti-theft system market with the aid of quantitative and qualitative analysis. The report focuses on the major drivers, trends, opportunities and restraints that have significant influence in the growth of the vehicle anti-theft system market. In order to provide readers with the holistic picture of the vehicle anti-theft system, the market has been segmented.
The report includes executive summary which gives insights on market overview and market analysis. The report also includes macro-economic factors, opportunity analysis and global economic outlook. The report further gives delineates value chain analysis and forecast factors, the former offering suppliers’ end users, profit margins while the latter gives insights on relevance and impact. The report also incorporates pricing analysis and market volume projections. The report delves into consumer behavior analysis and major distributors’ lists and at the same time gives insights on insurance coverage in vehicle anti-theft system products.
The actionable insights in the report is the result of primary sources, including surveys, interactions in person, a reliable and authentic views of seasoned analyst, interviews and perusal of experts. In addition, the report is propelled by secondary sources incorporating trade journals, resourceful database and authentic and verified paid sources. The report is also backed up by absolute dollar opportunity analysis which has considerable influence in shaping the growth of the vehicle anti-theft system market.
Vehicle Anti-theft System Market: Competitive Landscape
The report also offers analysis on competition scenario, including competition dashboard and deep dive and also actionable insights on mergers and acquisitions. The report delineates overview, production footprint, product portfolio, sales footprint, channel footprint and strategy overview.
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