Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Stolen Vehicle Recovery Market Research Report - G
Stolen Vehicle Recovery Market Share, Size, Trends, And Business Opportunity Analysis Report 2019
include historic data, with forecast data to 2023. Stolen Vehicle Recovery Industry report is helpful for
future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global
market size, share, Growth, Trends, key players forecast to 2023.
On the basis of technology, radio frequency identification segment accounted for the largest market
share of 51.82% in 2017 and accounted for USD 4,828.18 million and is projected to exhibit a CAGR of
7.55% during the forecast period. On the basis of component, central locking system segment held the
largest market share of 32.32% in 2017 and accounted for USD 3,011.6 million and is projected to
exhibit a CAGR of 3.82% during the forecast period. On the basis of sales channel, OEM segment
accounted for the larger market share of 77.90% in 2017 and accounted USD 7,525.8 million and is
projected to exhibit a CAGR of 5.64% during the forecast period. On the basis of vehicle type, passenger
cars segment accounted for the larger market share of 69.07% in 2017 and accounted for USD 6,435.4
million and is projected to exhibit a CAGR of 5.94% during the forecast period.
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Regional Analysis:
Stolen vehicle recovery market by region is segmented into Asia-Pacific, Europe, North America,
and Rest of the World. Asia-Pacific is expected to hold the largest share in the global stolen
vehicle recovery market during the forecast period with 51.13% share in 2017. China was the
largest market in 2017, valued at USD 2,494.40 million. The growth in stolen vehicle recovery in
Asia-Pacific can be attributed to China, Japan, and India, owing to an increase in demand for
automobiles, primarily in China and India, along with the existence of major manufacturers and
operating units of global players in this region.
Segment Analysis:
Global stolen vehicle recovery market has been segmented based on technology, component,
vehicle type, sales channel, and region. On the basis of technology, the market is classified into
ultrasonic, radio frequency identification (RFID), and others. The radio frequency identification
segment is expected to dominate the stolen vehicle recovery market as it helps recognize the
movement of the thief though radio waves. RFID transmits the information by radio wave to a
small chip attached to the objects, through which such objects can be located, identified, and
tracked. RFID is used in a car security system, functions as a key sensor, which activates the car
by using radio frequency signals and the tag sensor identifies whether the driver has access to
operate the vehicle, or not, and enables locking if a user is identifies without access. Therefore,
a wide range of operational ability allows RFID to be used for the vehicle safety applications.
Companies Covered:
The key players of global stolen vehicle recovery market are Denso Corporation (Japan), Robert
Bosch GmbH (Germany), HELLA GmbH & Co. KGaA (Germany), Valeo (France), Mitsubishi