Anti-Theft System Market

Global Anti-Theft System Market Size, Share & Trends Analysis Report By Component, By Product Type (Biometric Capture Devices, Remote Keyless Entry, Alarm, and Others), By Industry Vertical, By Regional Outlook and Forecast, 2024 - 2031

Report Id: KBV-23246 Publication Date: June-2024 Number of Pages: 247
2023
USD 38.6 Billion
2031
USD 95.3 Billion
CAGR
12.1%
Historical Data
2020 to 2022

Market Report Description

The Global Anti-Theft System Market size is expected to reach $95.3 billion by 2031, rising at a market growth of 12.1% CAGR during the forecast period.

BFSI sector deals with high volumes of financial transactions, sensitive customer data, and valuable assets such as cash, securities, and confidential information. Thus, the BESI segment acquired 22.5% revenue share in the market 2023. Anti-theft systems, including surveillance cameras, access control systems, and alarm systems, are crucial for safeguarding physical premises, ATMs, vaults, and back-office operations against theft, burglary, and unauthorized access.

Anti-Theft System Market Size - Global Opportunities and Trends Analysis Report 2020-2031

Consumers are increasingly concerned about protecting their valuable assets, such as vehicles, electronic devices, and personal belongings. Anti-theft systems offer protection by preventing theft and lowering the possibility that these assets will be lost or damaged.

Additionally, urbanization leads to higher property values and increased investments in infrastructure projects. As urban areas expand, there is a greater need to protect these valuable assets from theft, vandalism, and unauthorized access, driving demand for advanced anti-theft systems.

However, Anti-theft systems typically involve a combination of hardware (e.g., surveillance cameras, sensors), software (e.g., monitoring platforms, analytics), and network infrastructure (e.g., IoT devices, communication protocols). Hence, the complexity of integration is driving the growth of the market.

Anti-Theft System Market Share 2023

The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.

Driving and Restraining Factors
Anti-Theft System Market
  • Increasing consumer demand for security
  • Increasing urbanization and infrastructure development
  • Rising crime rates and security concerns
  • High initial costs anti-theft systems
  • Complexity of integration
  • Integration of machine learning (ML) and artificial intelligence (AI)
  • Growing smart city initiatives
  • Privacy and data security concerns
  • Environmental and weather challenges

Component Outlook

Based on component, the market is divided into hardware, software, and services. In 2023, the hardware segment garnered 49.4% revenue share in the market. Hardware components such as surveillance cameras, sensors, access control systems, locks, and alarms are fundamental to the functionality and effectiveness of anti-theft systems.

Product Type Outlook

On the basis of product type, the market is segmented into biometric capture devices, remote keyless entry, alarms, and others. In 2023, the remote keyless entry segment attained 26.1 % revenue share in the market.

Anti-Theft System Market Share and Industry Analysis Report 2023

Industry Vertical Outlook

Based on industry vertical, the market is categorized into automotive, BFSI, consumer electronics, government, retail, and others. In 2023, the automotive segment registered 31.2% revenue share in the market. Vehicles represent significant investments for consumers and businesses alike.

Free Valuable Insights: Global Anti-Theft System Market size to reach USD 95.3 Billion by 2031

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region witnessed 27.2% revenue share in the market in 2023. North America is at the forefront of technological innovation, with advancements in security technologies, IoT integration, AI-driven analytics, and biometric authentication.

Anti-Theft System Market Report Coverage
Report Attribute Details
Market size value in 2023 USD 38.6 Billion
Market size forecast in 2031 USD 95.3 Billion
Base Year 2023
Historical Period 2020 to 2022
Forecast Period 2024 to 2031
Revenue Growth Rate CAGR of 12.1% from 2024 to 2031
Number of Pages 254
Number of Tables 390
Report coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives
Segments covered Component, Product Type, Industry Vertical, Region
Country scope
  • North America (US, Canada, Mexico, and Rest of North America)
  • Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe)
  • Asia Pacific (China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific)
  • LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)
Companies Included Securitas AB, CP Plus Corporation, Tyco Security Products (Johnson Controls International PLC), Stanley Black & Decker, Inc., ADT, Inc., Assa Abloy AB, Zhejiang Dahua Technology Co., Ltd., Bosch Security Systems GmbH (Robert Bosch GmbH), Hangzhou Hikvision Digital Technology Co., Ltd., and Honeywell International Inc.
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List of Key Companies Profiled

  • Securitas AB
  • CP Plus Corporation
  • Tyco Security Products (Johnson Controls International PLC)
  • Stanley Black & Decker, Inc.
  • ADT, Inc.
  • Assa Abloy AB
  • Zhejiang Dahua Technology Co., Ltd.
  • Bosch Security Systems GmbH (Robert Bosch GmbH)
  • Hangzhou Hikvision Digital Technology Co., Ltd.
  • Honeywell International Inc.

Anti-Theft System Market Report Segmentation

By Component

  • Hardware
  • Software
  • Services

By Product Type

  • Biometric Capture Devices
  • Remote Keyless Entry
  • Alarm
  • Others

By Industry Vertical

  • Automotive
  • Consumer Electronics
  • BFSI
  • Government
  • Retail
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Frequently Asked Questions About This Report

This Market size is expected to reach $95.3 billion by 2031.

Increasing consumer demand for security are driving the Market in coming years, however, High initial costs anti-theft systems restraints the growth of the Market.

Securitas AB, CP Plus Corporation, Tyco Security Products (Johnson Controls International PLC), Stanley Black & Decker, Inc., ADT, Inc., Assa Abloy AB, Zhejiang Dahua Technology Co., Ltd., Bosch Security Systems GmbH (Robert Bosch GmbH), Hangzhou Hikvision Digital Technology Co., Ltd., and Honeywell International Inc.

The expected CAGR of this Market is 12.1% from 2023 to 2031.

The Biometric Capture Devices segment is leading the Market by Product Type in 2023; thereby, achieving a market value of $40.1 billion by 2031.

The Asia Pacific region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $37.1 billion by 2031.

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