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.
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.
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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.
Market Segmentation:
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
Key Player:
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,
Regional Analysis:
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.
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The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in-depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in the 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
- Production Capacity, Revenue, Sales, Gross Margin
- Key Business Strategy
- SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
- Company Share Analysis from 2018-2022
- Company Analysis by Revenue and Sales
- Company Production Capacity, Gross Margin
- Company Share Analysis by Application/End Use
- Company Share Analysis by Product/Specification
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