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Global Stolen Vehicle Recovery Systems Market Analysis by Component, Vehicle type, Technology, Region and segments forecast till 2033
Market Overview
The Global Stolen Vehicle Recovery Systems is presently worth USD 12,304.8 million and is poised to amplify at a CAGR of 7.2% over 2023-2033, thereby amassing a valuation of USD 23,005.3 million by end of the assessment timeline.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 12,304.8 Million |
Market Forecast in 2033 | USD 23,005.3 Million |
CAGR % 2023-2033 | 7.2% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product Vehicle type, end-user industry, company share, company heatmap, company Material Technology Vehicle type capacity, growth factors and more |
Segments Covered | Component, Vehicle type, Technology |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | HELLA GmbH & Co., KGaA, Robert Bosch GmbH, Valeo, Continental AG,, Denso Corporation,, Mitsubishi Electric Corporation, OMRON Corporation, ALPS Alpine Co., Ltd., Tokairika, Co., Ltd., Lear Corporation,, and Spireon |
Global Stolen Vehicle Recovery Systems Market: Description
An anti-theft gadget that enables users to find their vehicle if it is lost is called a stolen vehicle recovery device. The user's automobile can still be stolen even with the gadget installed. If it gets into the wrong hands, it can assist clients reclaim it safely. Law enforcement personnel can find and recover the vehicle with the aid of radiofrequency technology included in vehicle recovery systems. Special computers send radio signals to the stolen car when users report a car theft to the police. It will be simpler to retrieve the vehicle thanks to these radio signals, which turn on the vehicle recovery system in the automobile and relay the location to police computers.
With the use of several devices, including a remote keyless entry system, central locking system, automated collision detection system, and ultrasonic intruder protection system, the stolen car security system successfully eliminates the likelihood of vehicle theft (UIP). The market for stolen car monitoring systems is expanding due to an increase in consumer expenditure on automobile telematics, particularly in the Asia-Pacific region, as well as increased knowledge of more contemporary technologies.
Vehicles that have been stolen are recovered using trucks. In addition, they are utilised for moving police tools and supplies to and from crime sites. The demand for trucks is anticipated to rise as a result of rising car theft rates, increased need for specialised vehicles in law enforcement, technical developments in the field of recovering stolen vehicles, and increased need for logistics as a result of global business expansion.
Ultrasonic, radio frequency identification (RFID), and other technologies make up the different segments of the market for stolen car recovery systems globally. The market's radio frequency identification category held the largest market share in 2021. RFID is a wireless technology that includes readers and tags. Through one or more antennas, the reader sends out radio waves and receives signals from the RFID tag. The car's key sensor is activated by a radio frequency signal. The vehicle is locked when the tag sensor determines that the driver does not have authorization to operate the vehicle. Due to its versatility, RFID is so ideal and in high demand for applications involving vehicle safety.
Global Stolen Vehicle Recovery Systems Market- Segmental Analysis:
Component Insights
The Ultrasonic intruder protection system (UIP) segment holds the largest market share, and is expected to grow to more in the upcoming years.
Vehicle type Insights
Passenger vehicle segment hold the largest market share among others, and is projected to grow further in the coming years.
Technology Insights
Ultrasonic segment lead the market with the highest market share, and is anticipated to increase more in the coming future years.
Regional Insights
The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and South America. Among these, Asia-Pacific is projected to capture a substantial revenue share over 2023-2033.
Competitive Analysis
The prominent companies defining the competitive terrain of this marketplace are HELLA GmbH & Co., KGaA, Robert Bosch GmbH, Valeo, Continental AG,, Denso Corporation,, Mitsubishi Electric Corporation, OMRON Corporation, ALPS Alpine Co., Ltd., Tokairika, Co., Ltd., Lear Corporation,, and Spireon.
Global Stolen Vehicle Recovery Systems Market- Segmental Analysis
By component
Ultrasonic intruder protection system (UIP)
Backup battery siren (BBS)
Central locking systems
Automatic collision detection system
Automatic collision detection system
Automatic driver recognition system (ADRS)
Remote keyless entry system
By vehicle type
Passenger vehicle
Commercial vehicle
Others
By technology
Ultrasonic
Radio frequency identification
Others
Why to buy this Report?
The report provides quantitative and qualitative aspect for Global Stolen Vehicle Recovery Systems Market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both Technology Vehicle typeion and consumption point of view at the regional and country level. Key Factors considered within the report scope are Technology Vehicle typeion capacity by countries/regions, average End Use, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in Global Stolen Vehicle Recovery Systems Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
Business Model
Technology Vehicle typeion Capacity, Revenue, Sales, Gross Margin
Key Business Strategy
SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the Card Technology Vehicle type in taking a key decision within the business:
Company Share Analysis from 2020-2022
Company Analysis by Revenue and Sales
Company Technology Vehicle type Capacity, Gross Margin
Company Share Analysis by Card Technology Vehicle type/Card Technology Vehicle type
Company Share Analysis by Technology Vehicle type/Specification