According to law enforcement systems such as the FBI, the United States is witness to the theft of a vehicle every 20 seconds. Thieves are increasingly becoming sophisticated in the methods they use to commit these crimes. Automotive technologies are constantly having to play catch up with the technologies used by thieves.
Conventional car alarms are not as effective as they used to be as accidental activations are very common. Some of the newer technologies being implemented in the modern vehicle anti-theft system industry include options such as personal alarm pagers, high accuracy tracking systems, and passive immobilizers among others. These innovations are expected to drive the value of the vehicle anti-theft system market to ~ USD 9.5 billion by the end of the forecast period through 2022.
Incidences of Car Theft and Exponential Demand for New Vehicles are Key to Growth
Rapid advances in technology are expected to remain the key challenge for automotive manufacturers, as they constantly create opportunities for disruption in the industry. This is especially true when it comes to aspects such as autonomous driving, interactive vehicle safety systems, and vehicle connectivity among others.
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Innovations in safety and comfort have boosted the sales of new automobiles to record high numbers. Vehicle anti-theft systems are rapidly evolving following a rise in auto thefts, even as passive safety systems continue to be mainstream features in most modern cars.
Original equipment manufacturers are actively moving forwards in bolstering the capabilities of their research and production facilities to take advantage of the opportunities opening up in the vehicle anti-theft systems industry.
While security systems have come a long way, techniques such as relay thefts used by auto thieves continues to be a challenge for auto manufacturers. Despite the technical advances, cars that are equipped with keyless entry systems have been found to be more susceptible to these tech-savvy criminals. However, this also creates new opportunities for technological growth in the near future.
Immobilizer and Face Detection Technology Gain Traction
Technology which allows facial recognition for ignition has become a very popular alternative to key systems. These systems not only provide a higher level of vehicle safety, but also provide a perception of luxury. With real time location and biometric tech playing increasingly larger roles, face detection is expected to become of the fastest growing segments in the vehicle anti-theft system market.
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Engine immobilizers are also being adopted very extensively by a large number of automotive manufacturers around the world, and is a standard feature in most high end vehicles that are in the market today. These systems provide vehicle owners with the safety of multiple steps of authentication before access. Some of these features are central locks, steering locks, and biometric devices which are expected to aid in the dominance of immobilizers for the foreseeable future.
Some of the major players to operate in the vehicle anti-theft system industry include Lear Corporation, Denso Corporation, Voxx International Corporation, and Continental AG among others, all of whom are focusing on the development of new proprietary technologies.
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