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Global Stolen Vehicle Security Market Is Estimated To Register A 6.38% CAGR Forecast Till 2023

Press release   •   Jul 22, 2019 13:07 IST

Global Stolen Vehicle Security Market Is Estimated To Register A 6.38% CAGR And Industry Valuation Will Grow USD 13,408.83 Million By 2023

A new research report titled "Global stolen vehicle security market" successfully exhibits the complete scenario of the global and an individual analysis of the various regional segments.

“Global stolen vehicle security market” provides, wherever applicable and relevant, technical data of products, and sheds useful light on expected commercial production dates and current R&D status. This report will help the viewer in Better Decision Making.

This report provides an analysis of the latest trends in the industries in each sub-segment between 2018 and 2023 and forecasts revenue growth around the globe, the regional and the country levels. The research covers drivers and restraints of the worldwide stolen vehicle security market. The effect of these drivers and limitations on stolen vehicle security demand during the forecast period is also discussed. The study also shows worldwide and regional possibilities in the stolen vehicle security market. For this research, we have segmented the stolen vehicle security market report into a type, application/end-user and regional segment.

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This study offers a thorough assessment of price trends, government regulatory scenarios, value chain analysis, and major market players that offers an overview of the stolen vehicle security industry worldwide. In order to help comprehend a competitive landscape on the market, Porter’s 5 Forces model for stolen vehicle security is also included. The research includes market attraction assessment, in which different segments are evaluated in accordance with their market size, growth rate and overall appeal.

The market is studied for regions such as North America (U.S. and Canada), Europe (U.K., Germany, France, Spain, Italy and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia Pacific), Latin America (Mexico, Brazil, ,and Rest of Latin America) and Middle East & Africa (GCC, South Africa, and Rest of Middle East & Africa).

Stolen vehicle recovery systems are a combination of technologies for tracking the position of a vehicle in real-time. Most systems use GPS technology while some systems make use of cellular or radio transmitters to track the vehicles. The global market for stolen vehicle recovery systems is proliferating due to the rise in incidences of vehicle thefts and the high recovery rate of stolen vehicle recovery systems. Car tracking technology, which is used in stolen vehicle recovery systems is by far the most popular method of recovering a stolen vehicle.

Moreover, due to the increasing incidents of vehicle theft, the demand for stolen vehicle recovery systems has been rising in the last few years. Vehicles with stolen vehicle recovery systems are recovered more often and with lesser damage as compared to the vehicles that are not integrated with these systems. The continuous technological advancements in stolen vehicle recovery systems are expected to minimize the chances of damage to recovered vehicles. Thus, the high recovery rate of stolen vehicles is expected to have a moderate impact on the global stolen vehicle recovery system market, which is expected to be high during the rest of the forecast period. However, the growth of the market may be hindered by technological advancements in anti-theft systems and component failure in stolen vehicle recovery systems.

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Key Players

The key players of in the global stolen vehicle recovery system market are ARIKI Group (Spain), Altron (South Africa), Cartrack Holdings Limited (South Africa), Halo Group (US), LoJack Corporation (US), MiX Telematics (South Africa), Spireon, Inc. (US), Tracker Connect (Pty) Ltd. (South Africa), Robert Bosch GmbH (Germany), and Continental AG (Germany).
• To provide a detailed analysis of the market structure along with a forecast for the next five years of various segments and sub-segments of the global stolen vehicle recovery system market
• To analyze the global stolen vehicle recovery system market based on various tools such as Supply Chain Analysis and Porter's Five Forces Analysis
• To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
• To provide country-level analysis of the market with respect to the current market size and future prospects
• To provide country-level analysis of the market for segments by product, technology, vehicle type, and region
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and development in the global stolen vehicle recovery system market

Europe accounted for the largest market in the global stolen vehicle recovery system market, owing to the main focus of original equipment manufacturers (OEMs) on incorporating advanced safety features for ensuring the safe distribution of goods and efficient city transportation. Additionally, the extensive presence of the largest players dealing in stolen vehicle recovery systems, such as LoJack and Continental AG, is another factor contributing to the growth of the stolen vehicle recovery system market in the region.

However, the presence of tier 1 stolen vehicle recovery system manufacturers, such as Robert Bosch Gmbh, Continental AG, and many other local manufacturers is projected to increase the market share of North America during the forecast period. Additionally, favourable government regulations regarding vehicular safety and controlling the vehicle theft rate are anticipated to boost the market growth in the region.

Table Of Contents

Global Stolen Vehicle Recovery System Market Research Report Forecast to 2023

1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
2.5 Macro Factor Indicators Analysis
3 Research Methodology
3.1 Research Process
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Increasing Incidents of Vehicle Thefts
4.2.2 High Recovery Rate of Stolen Vehicle Recovery Systems
4.2.3 Drivers Impact Analysis
4.3 Restraints
4.3.1 Technological Advancement in Anti-theft System
4.3.2 Failures in stolen vehicle recovery system
4.3.3 Restraints Impact Analysis
4.4 Opportunity
4.4.1 Cloud computing-based stolen vehicle recovery systems
4.5 Trend
4.5.1 In-built vehicular stolen vehicle recovery system
5 Market Factor Analysis
5.1 Porter’s Five Forces Model
5.1.1 Threat of New Entrants
5.1.2 Bargaining Power of Suppliers
5.1.3 Bargaining Power of Buyers
5.1.4 Threat of Substitutes
5.1.5 Rivalry
5.2 Supply Chain Analysis
5.3 Patent Analysis
5.4 Regulatory Landscape
6 Global Stolen Vehicle Recovery System Market, by Product
6.1 Overview
6.1.1 Immobilization system
6.1.2 Alarm system
6.1.3 Others
7 Global Stolen Vehicle Recovery System Market, by Technology
7.1 Overview
7.1.1 RF technology
7.1.2 GPS
7.1.3 GSM
7.1.4 RTLS
7.1.5 Face detection system
7.1.6 Automotive biometric technology
8 Global Stolen Vehicle Recovery System Market, by Vehicle Type
8.1 Overview
8.1.1 Passenger Cars
8.1.2 Commercial Vehicles
9 Global Stolen vehicle recovery system market, by Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 France
9.3.4 Rest of Europe
9.4 Asia-Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Rest of Asia-Pacific
9.5 Rest of the World (RoW)
9.5.1 Middle East & Africa
9.5.2 Latin America
10 Competitive Landscape
11 Company Profiles
11.1 ARIKI Group
11.1.1 Company Overview
11.1.2 Financial Overview
11.1.3 Products/Services Offered
11.1.4 Key Developments
11.1.5 SWOT Analysis
11.1.6 Key Strategies
11.2 Altron
11.2.1 Company Overview
11.2.2 Financial Overview
11.2.3 Products/Services Offered
11.2.4 Key Developments
11.2.5 SWOT Analysis
11.2.6 Key Strategies
11.3 Cartrack Holdings Limited
11.3.1 Company Overview
11.3.2 Financial Overview
11.3.3 Products/Services Offered
11.3.4 Key Developments
11.3.5 SWOT Analysis
11.3.6 Key Strategies
11.4 Halo Group
11.4.1 Company Overview
11.4.2 Financial Overview
11.4.3 Products/Services Offered
11.4.4 Key Developments
11.4.5 SWOT Analysis
11.4.6 Key Strategy
11.5 LoJack Corporation
11.5.1 Company Overview
11.5.2 Financial Overview
11.5.3 Products/Services Offered
11.5.4 Key Developments
11.5.5 SWOT Analysis
11.5.6 Key Strategy
11.6 MiX Telematics Africa (Pty) Ltd.
11.6.1 Company Overview
11.6.2 Financial Overview
11.6.3 Products/Services Offered
11.6.4 Key Developments
11.6.5 SWOT Analysis
11.6.6 Key Strategy
11.7 Spireon, Inc.
11.7.1 Company Overview
11.7.2 Financial Overview
11.7.3 Products/Services Offered
11.7.4 Key Developments
11.7.5 SWOT Analysis
11.7.6 Key Strategies
11.8 Tracker Connect (Pty) Ltd.
11.8.1 Company Overview
11.8.2 Financial Overview
11.8.3 Products/Services Offered
11.8.4 Key Developments
11.8.5 SWOT Analysis
11.8.6 Key Strategies
11.9 Robert Bosch GmbH
11.9.1 Company Overview
11.9.2 Financial Overview
11.9.3 Products/Services Offered
11.9.4 Key Developments
11.9.5 SWOT Analysis
11.9.6 Key Strategies
11.1 Continental AG
11.10.1 Company Overview
11.10.2 Financial Overview
11.10.3 Products/Services Offered
11.10.4 Key Developments
11.10.5 SWOT Analysis
11.10.6 Key Strategies

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