Asia Pacific Anti-Theft System Market

Asia Pacific 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 Country and Growth Forecast, 2024 - 2031

Report Id: KBV-23254 Publication Date: June-2024 Number of Pages: 117
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Market Report Description

The Asia Pacific Anti-Theft System Market would witness market growth of 12.6% CAGR during the forecast period (2024-2031).

The China market dominated the Asia Pacific Anti-Theft System Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $9,948.2 million by 2031. The Japan market is registering a CAGR of 11.9% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 13.3% during (2024 - 2031).

Asia Pacific Anti-Theft System Market

Vehicle theft remains a significant concern, prompting automakers and consumers to invest in advanced security technologies. Common anti-theft systems in vehicles include immobilizers, alarm systems, GPS tracking devices, and smart keyless entry systems.

Moreover, the number of computers, tablets, wearable technology, and smartphones has increased the demand for anti-theft technologies in consumer electronics. Remote tracking, data encryption, biometric authentication, and remote wiping are frequently included in these systems to safeguard user information and stop device theft or illegal access.

The rapid expansion of the BFSI sector in India significantly influences the anti-theft system market. India's banking sector has long been considered one of the most stable. Between FY 16 and FY 21, the percentage of people having bank accounts jumped from 53% to 78%. Over 1.6 lakh bank branches exist, roughly 15 branches per 100,000 people. A network of 2.17 lakh ATMs, 47% located in rural and semi-urban regions, further supports this.

Free Valuable Insights: The Global Anti-Theft System Market is Predict to reach USD 95.3 Billion by 2031, at a CAGR of 12.1%

Based on Component, the market is segmented into Hardware, Software, and Services. Based on Product Type, the market is segmented into Biometric Capture Devices, Remote Keyless Entry, Alarm, and Others. Based on Industry Vertical, the market is segmented into Automotive, Consumer Electronics, BFSI, Government, Retail, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

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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.

Asia Pacific 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 Country

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
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