The Latin America, Middle East and Africa Vehicle Anti-Theft System Market would witness market growth of 9.2% CAGR during the forecast period (2022-2028).
Innovative technologies are being prepared to power the automobile industry by car Manufacturers and technology vendors. Automotive biometrics is a practical way to tailor a vehicle to a person's unique needs. The multi-level protection offered by automotive biometrics is compatible with current security measures. They are categorized as systems for intelligent vehicles. Many behavioral and physiological traits are coordinated by automotive biometrics to automate the monitoring process.
ATDs provide the vital buffer time necessary to prevent theft. The robbers, for instance, are unaware of the car's alarm system and attempt to break in. The alarm sounds, causing the burglars to panic. In addition, the presence of security officers or other individuals near the vehicle increases the likelihood that the burglars may abandon their strategy and abandon the heist.
The automotive sector in LAMEA is one of the key factors contributing to the UAE's economic growth. Moreover, it is a crucial part of the economy as the country looks to the future and is presently one of the Gulf Cooperation Council's automotive sectors (GCC). The UAE government's emphasis on the industry's expansion shows how it plans to use it to promote the country's economic development. As Dubai enters a new growth phase, it is projected to establish itself as the region's main automotive hub, expanding through the export and re-export of vehicles to the Middle East. Throughout the forecast period, the market will expand due to the region's rising automotive industry and increased automobile production in LAMEA.
The Brazil market dominated the LAMEA Vehicle Anti-Theft System Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $378.3 million by 2028. The Argentina market is experiencing a CAGR of 9.8% during (2022 - 2028). Additionally, The UAE market would displa a CAGR of 8.9% during (2022 - 2028).
Based on Technology, the market is segmented into Remote Frequency Identification Device, Global Positioning System, Real-time Location Systems, Automotive Biometric Technologies, and Others. Based on Vehicle Type, the market is segmented into Passenger Cars, and Commercial Vehicles. Based on Sales Channel, the market is segmented into OEM, and Aftermarket. Based on Product, the market is segmented into Alarm, Central Locking System, Immobilizer, Steering Lock, Passive Keyless Entry, and Biometric Capture Device. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Vehicle Anti-Theft System Market is Projected to reach USD 20.4 Billion by 2028, at a CAGR of 6.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Continental AG, Robert Bosch GmbH, HELLA GmbH & Co. KGaA, Valeo SA, Denso Corporation, Aptiv PLC, Tokai Rika Co., Ltd., Stoneridge, Inc., Huf Hülsbeck & Fürst GmbH & Co. KG (Huf Holding Gmbh & Co. KG), and Marquardt Group.
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By Vehicle Type
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