Need for Engine Mobilizers & Coded Smart Keys to Steer Vehicle Anti-theft System Market by US$ 16.2 Billion in 2027
NEW YORK, Sept. 15, 2022 /PRNewswire/ -- The global vehicle anti-theft system market is set to be valued at US$ 11.5 Billion in 2022, and it is likely to reach a valuation of US$ 16.2 Billion by the end of 2027. The market is projected to grow at a CAGR of 7.1% during the assessment period of 2022-2027.
- Fact.MR offers a comprehensive study on the global vehicle anti-theft system market for the forecast period of 2022 and 2027.
- Advancements in innovative technology are a key factor influencing growth in the vehicle anti-theft system market .
- Engine mobilizers, coded smart keys, and telematics locating systems and vehicle parts are also being installed in premium vehicles by original equipment manufacturers (OEMs).
- Implementation of strict laws to ensure vehicle safety is estimated to drive the vehicle anti-theft system market in North America and Europe.