Vehicle Anti-Theft System Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
Albany, NY -- (SBWIRE) -- 06/18/2018 -- From the simple lock and key to the sophisticated biometric identification systems – the vehicle anti-theft systems have come a long way over the course of years. The underpinning technologies and the devices, meant to thwart unauthorized access to vehicles, have undergone a sea change. The uptake of vehicle anti-theft systems is guided by different factors such as ease of use, financial costs, and threshold for theft.
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The massive increase in the number of vehicles of different kinds, alarming instances of vehicle thefts, and the rising awareness about vehicle anti-theft devices are at the forefront of driving demand in the global vehicle anti-theft system market. Staving off vehicle thefts, particularly in common parking lots, has necessitated the use of more advanced anti-theft systems with superior technology to augment passenger safety and convenience.
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Vehicle immobilizers, for instance, notify vehicle owners on their registered phone numbers in case of a forced entry. The notification also includes image of the person driving the vehicle and the location of the vehicle. All these features have led to the soaring popularity of immobilizers.
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The use of cutting-edge technologies such as continuous-wave and pulse-echo algorithms, microprocessors with digital signal processing, inclination and ultrasonic sensors, closed tool chain for configuration and simulation, and rechargeable batteries, in such innovative products has greatly boosted the market.