Anti-theft locks or systems are designed for restricting unauthorized access to a certain part, space or component, which needs safeguarding. Anti-theft locks have evolved from a generation of traditional lock and key systems to including the latest technology such as video surveillance, fingerprint sensors, tracking, ultrasonic sensors, and closed tool chain simulation and configuration.
The report discusses the anti-theft lock market in terms of its component, product type, technology, industry verticals, and geography. Component wise, the industry could comprise of hardware, software, and services. On the basis of industry verticals, it could include major sectors such as automotive, banking financial services and insurance (BFSI), consumer electronics, government, retail, and others. The report further breaks down the market in terms of product type and technology, elucidating on the manufacturing procedures, product specifications, and cost structures.
The report offers distinctive perspectives into the analytics, various factors boosting market segments, leading trends, and the vendor landscape of the global anti-theft lock market. The study evaluates the degree of various levels of progress and ongoing models and services foreseen that would affect the market over the forecast period of 2018 and 2026.
Global Anti-theft Lock Market: Trends and Opportunities
Rising incidence of data and property theft are the key factors contributing to the growth of the global anti-theft market. The increasing awareness regarding secure home solutions, steady rise in smart devices, increasing disposable income of consumers, and proliferating Internet and IoT are some of the major factors driving the market growth. Further, favorable government regulations toward safety is also anticipated to boost the market growth. However, elevated cost of the anti-theft locks are expected to restrict the market growth infinitesimally.
However, the surge in adoption of cloud-based subscription programs is one of the major growth opportunities for the anti-theft system market. People are now able to afford security and safety devices as they feel a need to protect their personal information and belongings from external entities. This factor is projected to impose a crucial impact over the emergence of the global anti-theft lock market during the forecast period.
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Global Anti-theft Lock Market: Regional Outlook
The global anti-theft lock market is segmented geographically for further analysis into major regions of: North America, South America, Europe, Asia Pacific, and the Middle East and Africa. The geographical segmentation gives world outlook for the overall anti-theft lock market. The report captures product and application scope of each region, the demand and supply scenario of regional anti-theft lock markets over the forecast year 2018 to 2026. Additionally, the report comprises country-level analysis in terms of volume and revenue for application segments.
Key countries such as the U.S., Germany, Italy, the U.K., France, Spain, China, India, Brazil, and South Africa have been included in the study. Market segmentation includes demand for individual applications in all the regions and countries. The key regions that are expected to prove significant in the global anti-theft lock development are North America, Europe, China, Japan, Middle East & Africa, anti-theft lock market in South America, India and others.
Global Anti-theft Lock Market: Competitive Landscape
The report gives a clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry.
Key players in the global anti-theft market include Continental AG, Delphi Automotive, Robert Bosch GmbH, Johnson Electric, U-Shin Ltd., Lear Corporation, ZF-TRW, Mitsubishi Electric, Tokai Rika Ltd., and VOXX International.