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Vehicle Anti-Theft System Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Product Type (Steering Lock, Alarm, Biometric Capture Device, Immobilizer, Remote Keyless Entry, Central Locking); Active and Passive (Active Anti-Theft System, Passive Anti-Theft System); Vehicle Type (Passenger Car, Commercial Vehicle, Off-Highway Vehicle) and Geography
Vehicle Anti-Theft System avoids unauthorized access to the vehicle. Components involved with these system are biometric capture device, alarm, steering lock, central locking, immobilizer and remote keyless entry. Use of this system enables tracking of stolen vehicle as well as interior intrusion detection. Vehicle Anti-Theft System market is expected to rise at considerable rate, especially in developed countries in upcoming years.
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Companies Profiled in this report includes: Continental AG, EMIXIS, Lear Corporation, Mitsubishi Electric Corporation, DENSO CORPORATION, Robert Bosch GmbH, Tokai Rika Co., Ltd., U-Shin Ltd, TELTONIKA, VOXX International Corporation
Based on product type, the global vehicle anti-theft system market is segmented into steering lock, alarm, biometric capture device, immobilizer, remote keyless entry and central locking.
On the basis of active and passive, the market is segmented into active anti-theft system and passive anti-theft system.
Based on vehicle type, the market is bifurcated into passenger car, commercial vehicle and off-highway vehicle.
Growing awareness towards safety and security
Rising urbanization and increasing per capita disposable income to boost market growth of vehicle anti-theft systems.
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IMPACT OF COVID-19 ON VEHICLE ANTI-THEFT SYSTEM MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Vehicle anti-theft systems market is affected considerably as production of vehicles has fallen significantly in last one year. Once the situation becomes normal, this market sees a promising growth.
Key Elements that the report acknowledges:
Market size and growth rate during forecast period.
Key factors driving the “Vehicle Anti-Theft System market” market.
Key market trends cracking up the growth of the “Vehicle Anti-Theft System market” market.
Key vendors of “Vehicle Anti-Theft System market” market.
Opportunities and threats faces by the existing vendors in Global “Vehicle Anti-Theft System” market.
Trending factors influencing the market in the geographical regions.
Strategic initiatives focusing the leading vendors.
PEST analysis of the market in the five major regions.
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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