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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Vehicle Anti-Theft System Market predicted to grow exponentially by 2025: Global Market Insights, Inc.
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com According to a new research report by the market research and strategy consulting firm, Global Market Insights, Inc, North America is anticipated to hold a majority share in the Vehicle Anti-Theft System Market. Vehicle Anti-Theft System Market size is set to witness lucrative growth to 2025 due to stringent safety regulations imposed by governments to reduce the incidents of vehicle thefts. With rising incidents of vehicle thefts, automakers are rapidly adopting multi-factor authentication and technological advancements such as biometric technology. This is driving the growth of the vehicle anti-theft system market over the forecast period. Vehicle Anti-Theft System Market With fast growing population, year-on-year increase in sales Asia Pacific (APAC) is estimated to hold the largest market share in the vehicle anti-theft system market. various leading players in this region including Honda Motor Company (Japan), Hyundai Motor Company (South Korea), and Toyota (Japan) are partnering with technology companies to enhance security system of the vehicle driving the regional growth. North America is estimated to be fast growing as “big-three” automakers of this region, which include Fiat- Chrysler Automotive, Ford Motor Company, and General Motor Company will influence the vehicle anti-theft systems market over the forecast period. Regional Analysis of Vehicle Anti-Theft System Market :
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Application Analysis of Vehicle Anti-Theft System Market : The rise in Bluetooth and NFC-based technologies is anticipated to drive the growth of vehicle anti-theft system market as these technologies enhance vehicle security without the internet. NFC technologies require less power and help in locking & unlocking vehicles. It also helps in sharing information to users such as position of car, fuel status, and lock status, among others. Bluetooth technologies help in connecting vehicles to vehicles, infrastructure, and everything. It provides navigation, driver assistance, and lock-unlock features to enhance the security of vehicles. By product, the immobilizer segment is expected to hold the largest share in the vehicle anti- theft system market due to the mandatory installation of immobilizers as a result of stringent government regulations across various countries. By technology, the Face Detection System (FDS) is estimated to gain the largest share in the vehicle anti-theft system market due to the growing adoption of the lock-unlock feature by car manufacturers. It prevents drunk driving as it monitors the consciousness of drivers through eye movement. Passenger cars is estimated to hold the largest market share in the vehicle type segment of the vehicle anti-theft system market due to the increasing purchasing power of consumers, improvement in lifestyle, and rapid infrastructure development.
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Some of the key market players of the vehicle anti-theft system market are Audi AG, BMW AG, Daimler AG, Continental AG, Ford Motor Company, General Motors Company, Honda Motor Co., Ltd., Hyundai Motor Corporation, Lear Corporation, Robert Bosch GmbH, Tesla Inc., Toyota Motor Corporation, Volvo Corporation, and ZF-TRW. These players are constantly entering into strategic partnerships and mergers & acquisitions with various technology companies to gain a competitive advantage and become market leader. For instance, Ford Motor Company & Mahindra Group inked strategic alliances to develop their products on multiple areas such as electric vehicle, connected vehicle project, and the development of compact SUVs. This collaboration is expected to focus on enhancing the security and anti-theft system over the forecast period. Competitive Market Share of Vehicle Anti-Theft System Market :
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© 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Browse Full Market Research Report On Vehicle Anti-Theft System Market @ https://bit.ly/2UdvuHShttps://bit.ly/2UdvuHS Request for an in-depth table of contents for this report @ https://bit.ly/2UduX8Q https://bit.ly/2UduX8Q
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