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Stolen Vehicle Recovery Systems Market Size, Industry Analysis Report 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), By technology (Ultrasonic, Radio frequency identification) & Region - Forecasts By 2033

  • PUBLISHED ON
  • 2024-09-19
  • NO OF PAGES
  • 217
  • CATEGORY
  • Automotive & Transportation

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

 

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.

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.

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


1.       Global Stolen Vehicle Recovery System Market Introduction and Market Overview

1.1.    Objectives of the Study

1.2.    Global Stolen Vehicle Recovery System Market Scope and Market Estimation

1.2.1.Global Stolen Vehicle Recovery System Overall Market Size, Revenue (US$ Mn) and Volume (Units), Market CAGR (%), Market forecast (2023 - 2030)

1.2.2.Global Stolen Vehicle Recovery System Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2030

1.3.    Market Segmentation

1.3.1.Component of Global Stolen Vehicle Recovery System Market

1.3.2.Type of Global Stolen Vehicle Recovery System Market

1.3.3.Technology of Global Stolen Vehicle Recovery System Market

1.3.4.Region of Global Stolen Vehicle Recovery System Market

2.       Executive Summary

3.       Market Factor Analysis

3.1.   Global Stolen Vehicle Recovery System Market Application Trends under COVID-19 Outbreak

3.1.1.Global COVID-19 Status Overview

3.1.2.Influence of COVID-19 Outbreak on Global Stolen Vehicle Recovery System Market Application Development

3.2.   Market Dynamics

3.2.1.Drivers

3.2.2.Limitations

3.2.3.Opportunities

3.2.4.Impact Analysis of Drivers and Restraints

3.3.   Value Chain/ Ecosystem Analysis

3.3.1.Manufacturers / Vendors

3.3.2.Distributors

3.3.3.Buyers / End-users

3.3.4.Forward Integration & Backward Integration of Key Stakeholders

3.4.   Global Stolen Vehicle Recovery System Market - Pricing Trends Analysis & Average Selling Prices (ASPs)

3.5.   Porter’s Five Forces Analysis

3.5.1.Bargaining Power of Suppliers

3.5.2.Bargaining Power of Buyers

3.5.3.Threat of Substitutes

3.5.4.Threat of New Entrants

3.5.5.Competitive Rivalry

3.6.   PEST Analysis

3.6.1.Political Factors

3.6.2.Economic Factors

3.6.3.Social Factors

3.6.4.Technological Factors

3.7.   Impact of Russia Ukraine War on Stolen Vehicle Recovery System Market

3.8.   Impact of Economic Downturn on Stolen Vehicle Recovery System Market

3.9.   Stolen Vehicle Recovery System Production Capacity, by Major Countries

3.10.  Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Regions

4.       Global Stolen Vehicle Recovery System Market Estimates & Forecast Trend Analysis, by Component

4.1.    Global Stolen Vehicle Recovery System Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Component, 2019 to 2030

4.1.1.Ultrasonic intruder protection system (UIP)

4.1.2.Backup battery siren (BBS)  

4.1.3.Central locking systems

4.1.4.Automatic collision detection system       

4.1.5.Automatic driver recognition system (ADRS)

4.1.6.Remote keyless entry system

5.       Global Stolen Vehicle Recovery System Market Estimates & Forecast Trend Analysis, by Type

5.1.    Global Stolen Vehicle Recovery System Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Type, 2019 to 2030

5.1.1.Passenger vehicle

5.1.2.Commercial vehicle

5.1.3.Others

6.       Global Stolen Vehicle Recovery System Market Estimates & Forecast Trend Analysis, by Technology

6.1.    Global Stolen Vehicle Recovery System Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Technology, 2019 to 2030

6.1.1.Ultrasonic   

6.1.2.Radio frequency identification

6.1.3.Others

7.       Global Stolen Vehicle Recovery System Market Estimates & Forecast Trend Analysis, by Region

7.1.    Global Stolen Vehicle Recovery System Market Revenue (US$ Mn) and Volume (Units) Estimates and Forecasts, by Region, 2019 to 2030

7.1.1.North America

7.1.2.Europe

7.1.3.Asia Pacific

7.1.4.Middle East & Africa

7.1.5.South America

8.       North America Stolen Vehicle Recovery System Market: Estimates & Forecast Trend Analysis

8.1.    North America Stolen Vehicle Recovery System Market Assessments & Key Findings

8.1.1.Stolen Vehicle Recovery System Market Introduction

8.1.2.Stolen Vehicle Recovery System Market Size Estimates and Forecast (US$ Million & Units) (2019 – 2030)

8.1.2.1.   By Type

8.1.2.2.   By Technology

8.1.2.3.   By Component

8.1.2.4.   By Country

8.1.2.4.1.     The U.S.

8.1.2.4.2.     Canada

8.1.2.4.3.     Mexico

9.       Europe Stolen Vehicle Recovery System Market: Estimates & Forecast Trend Analysis

9.1.    Europe Stolen Vehicle Recovery System Market Assessments & Key Findings

9.1.1.Stolen Vehicle Recovery System Market Introduction

9.1.2.Stolen Vehicle Recovery System Market Size Estimates and Forecast (US$ Million & Units) (2019 – 2030)

9.1.2.1.   By Type

9.1.2.2.   By Technology

9.1.2.3.   By Component

9.1.2.4.        By Country

9.1.2.4.1.     Italy

9.1.2.4.2.     Germany

9.1.2.4.3.     U.K.

9.1.2.4.4.     France

9.1.2.4.5.     Spain

9.1.2.4.6.     Rest of Europe

10.   Asia Pacific Stolen Vehicle Recovery System Market: Estimates & Forecast Trend Analysis

10.1.  Asia Pacific Market Assessments & Key Findings

10.1.1.    Stolen Vehicle Recovery System Market Introduction

10.1.2.    Stolen Vehicle Recovery System Market Size and Volume Estimates and Forecast (US$ Million & Units) (2019 – 2030)

10.1.2.1.    By Type

10.1.2.2.    By Technology

10.1.2.3.    By Component

10.1.2.4.    By Country

10.1.2.4.1. China

10.1.2.4.2. Japan

10.1.2.4.3. India

10.1.2.4.4. Australia

10.1.2.4.5. South Korea

10.1.2.4.6. ASEAN

10.1.2.4.7. Rest of Asia Pacific

11.   Middle East & Africa Stolen Vehicle Recovery System Market: Estimates & Forecast Trend Analysis

11.1.  Middle East & Africa Market Assessments & Key Findings

11.1.1.   Stolen Vehicle Recovery System Market Introduction

11.1.2.   Stolen Vehicle Recovery System Market Size and Volume Estimates and Forecast (US$ Million & Units) (2019 – 2030)

11.1.2.1.    By Type

11.1.2.2.    By Technology

11.1.2.3.    By Component

11.1.2.4.    By Country

11.1.2.4.1. U.A.E.

11.1.2.4.2. Saudi Arabia

11.1.2.4.3. Egypt

11.1.2.4.4. South Africa

11.1.2.4.5. Rest of Middle East & Africa

12.   South America Stolen Vehicle Recovery System Market: Estimates & Forecast Trend Analysis

12.1.  South America Market Assessments & Key Findings

12.1.1.   Stolen Vehicle Recovery System Market Introduction

12.1.2.   Stolen Vehicle Recovery System Market Size and Volume Estimates and Forecast (US$ Million & Units) (2019 – 2030)

12.1.2.1.    By Type

12.1.2.2.    By Technology

12.1.2.3.    By Component

12.1.2.4.    By Country

12.1.2.4.1. Brazil

12.1.2.4.2. Argentina

12.1.2.4.3. Colombia

12.1.2.4.4. Rest of South America

13.   Competition Landscape

13.1.  Stolen Vehicle Recovery System Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

13.2.  Stolen Vehicle Recovery System Market Competition White Space Analysis, By End-user

13.3.  Stolen Vehicle Recovery System Market Competition Regional Intensity Map Analysis, By Geographies Served

13.4.  Stolen Vehicle Recovery System Market Concentration & Company Market Shares (%) Analysis, 2022

14.   Company Profiles

14.1.HELLA GmbH & Co., KGaA

14.1.1.    Company Overview & Key Stats

14.1.2.    Financial Performance & KPIs

14.1.3.    Product Portfolio

14.1.4.    Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

14.2.Robert Bosch GmbH

14.3.Valeo,

14.4.Continental AG

14.5. Denso Corporation

14.6.Mitsubishi Electric Corporation

14.7.OMRON Corporation

14.8.ALPS Alpine Co., Ltd

14.9.Tokairika, Co., Ltd.

14.10.   Lear Corporation

14.11.   Spireon.

14.12.   Others**

15.   Research Methodology

15.1.      External Power Outputs / Databases

15.2.      Internal Proprietary Database

15.3.      Primary Research

15.4.      Secondary Research

15.5.      Assumptions

15.6.      Limitations

15.7.      Report FAQs

16.   Research Findings & Conclusion

 

 

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the market size and growth projections?

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.

What are the drivers shaping various markets?

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.

Who are the key competitors of market Players?

Some of the major players operating within the market 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

What are the top performing segments, and countries / regions of each of the markets?

The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and South America.

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