Global Automotive Anti-theft System Market 2018-2022| Increasing Focus on the Use of Biometrics in Automobiles to Augment Growth| Technavio

The global automotive anti-theft system market is expected to post a CAGR of nearly 3% during the period 2018-2022, according to the latest market research report by Technavio.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180910005726/en/

A key factor driving the growth of the market is the technological advances in anti-theft systems. Advanced technologies are extensively used in security systems for vehicles. Radio frequency identification is one such innovation. Some of the advances in anti-theft systems for vehicles are tracking systems and passive immobilizer. The increasing adoption of advanced automotive anti-theft systems will have a significant influence on the global market.

This market research report on the global automotive anti-theft system market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

In this report, Technavio highlights the increasing focus on the use of biometrics in automobiles as one of the key emerging trends in the global automotive anti-theft system market:

Global automotive anti-theft system market: Increasing focus on the use of biometrics in automobiles

Large-scale adoption of biometric identification in consumer electronics has led to the use of biometrics in automobiles. The main purpose of installing a biometric system in automobiles is vehicle security and restriction of the unauthorized use of vehicles. Companies are engaged in the development of palm vein fingerprint identification systems for access to vehicles.

“The increasing focus on the use of biometric for vehicles will increase the demand for biometrics as they significantly enhance the security offered by anti-theft systems. Biometrics are likely to drive the global automotive anti-theft system market during the forecast period,” says a senior analyst at Technavio for research on automotive components.

Global automotive anti-theft system market: Segmentation analysis

This market research report segments the global automotive anti-theft system market by product (immobilizer, central locking system, and alarm) and geographical regions (APAC, EMEA, and the Americas).

The immobilizer segment held the largest market share in 2017, accounting for nearly 35% of the overall market share. This product segment is expected to dominate the global market throughout the forecast period.

In terms of geography, APAC led the market in 2017 with a share of nearly 44%, and this region is expected to dominate the market through 2022.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

• Market ecosystem
• Market characteristics
• Market segmentation analysis

Market Sizing

• Market definition
• Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

• Regional comparison
• Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180910005726/en/