“Global Anti-Theft System Market to reach a market value of USD 95.3 Billion by 2031 growing at a CAGR of 12.1%”
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.
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.
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.
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.
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.
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
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.
| 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 |
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| 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. |
By Component
By Product Type
By Industry Vertical
By Geography
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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