The Stolen Vehicle Recovery Market Size was valued at USD 6.9 billion in 2023 and is expected to reach USD 12.12 billion by 2031 and grow at a CAGR of 7.3% over the forecast period 2024-2031.
A stolen vehicle recovery system helps owners and drivers get their cars back after a theft. The system works by secretly placing a sensor in the car that tracks its location. If the car is stolen, the sensor transmits this area information to the authorities, who can at that point utilize it to discover and return the vehicle. This innovation is getting to be progressively well known due to a rise in car thefts, particularly of luxury vehicles. Criminals are creating more progressed methods to steal cars, including hacking into their computer systems. This is particularly hazardous risky with cars that have keyless entry, which can be vulnerable to unauthorized access. To combat these robberies, major car manufacturers are joining anti-theft systems into their vehicles, making stolen vehicle recovery systems a valuable tool for car owners.
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KEY DRIVERS:
Insurance Companies Drive Demand for Stolen Vehicle Recovery Systems by Mandating Their Use for Lower Premiums
Rising Vehicle Theft Rates Drive Demand for Advanced Tracking and Recovery Systems
The growing number of car thefts globally is driving the demand for both advanced vehicles tracking systems and stolen vehicle recovery solutions. As car theft gets to be more common, particularly for luxury vehicles, individuals are progressively looking for ways to track their cars and improve the chances of getting them back. This rise in theft, coupled with the developing advancement of criminals, is making a strong market for stolen vehicle recovery systems that depend on advanced tracking technology.
RESTRAINTS:
Data Security Concerns May Hinder Long-Term Growth of Stolen Vehicle Recovery Market
The future of stolen vehicle recovery systems might be clouded by protection concerns. These systems collects the lot of information about a vehicle's location and potentially even the driver. Individuals are stressed that this data might be hacked or misused, which might discourage them from installing these systems in the long run. This raises a challenge for the industry by adjusting the benefits of stolen vehicle recovery with vigorous data security measures to ensure consumer trust.
OPPORTUNITIES:
Increasing car thefts, particularly of luxury vehicles, create a strong demand for recovery solutions.
Improved GPS and location tracking tools enhance stolen vehicle recovery efficiency.
CHALLENGES:
Equipping vehicles with advanced recovery systems can be expensive for both manufacturers and consumers.
Criminals may use signal jammers to disrupt communication between stolen vehicles and tracking devices.
The war in Russia-Ukraine has disrupted the stolen vehicle recovery market by potentially impacting its growth by around 5-10%. The supply chain disruptions caused by the conflict have limited the production of essential components for stolen vehicle recovery systems. Shortages in semiconductors and other electronic parts used in tracking devices and communication systems could lead to delays in vehicle equipment and installation. This can create a bottleneck, delaying market expansion. The war has diverted resources and attention away from non-essential sectors like stolen vehicle recovery. Governments and law enforcement agencies in some regions may prioritize defence spending and border security, potentially leading to a decrease in funding allocated towards stolen vehicle recovery initiatives. This could slow down the adoption of these systems, particularly in war-torn areas or neighbouring countries directly affected by the conflict.
An economic slowdown can potentially hinder the growth of the stolen vehicle recovery market in a few ways. During economic downturns, consumers tend to tighten their budgets and prioritize essential spending over discretionary purchases This could lead to a 5-10% decline in new car sales, which translates to fewer vehicles equipped with factory-installed stolen vehicle recovery systems. The budget cuts for law enforcement agencies during economic downturns could lead to a reduction of 2-5% in resources dedicated to stolen vehicle recovery efforts. This could slightly decrease the effectiveness of these systems, impacting their perceived value for some consumers. Thus, economic hardship might force some individuals to delay the installation of aftermarket stolen vehicle recovery systems in their existing cars. This could cause a 3-7% decline in aftermarket system sales.
By Technology
Ultrasonic
Radio Frequency Identification
Others
Radio Frequency Identification (RFID) is the dominating sub-segment in the Stolen Vehicle Recovery Market by technology holding around 42% of market share. RFID technology offers long-range detection capabilities, making it perfect for tracking stolen vehicles indeed when they're hidden in remote locations. Also, RFID labels are tamper-proof and moderately cheap, making them a popular choice for both producers and customers.
By Component
Ultrasonic Intruder Protection System (UIP)
Backup Battery Siren (BBS)
Central Locking System
Automatic Collision Detection System
Automatic Driver Recognition System (ADRS)
Remote Keyless Entry System
Others
The remote keyless entry system is the dominating sub-segment in the Stolen Vehicle Recovery Market by component holding around 35-45% of market share due to its increasing popularity in modern vehicles. This system allows keyless entry and ignition through a fob or smartphone app, offering convenience to users. However, it can also create vulnerabilities if not equipped with robust security features. The growing demand for feature-rich cars and rising theft attempts targeting these systems are driving the RKES segment's dominance.
By Vehicle Type
Passenger Car
Commercial Vehicle
Passenger Cars is the dominating sub-segment in the Stolen Vehicle Recovery Market by vehicle type holding around 72% of market share. Passenger cars represent a larger market share compared to commercial vehicles. Additionally, luxury and high-performance passenger cars are often targeted by thieves, driving the demand for advanced stolen vehicle recovery systems in this segment.
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By Sales Channel
OEM
Aftermarket
Original Equipment Manufacturer is the dominating sub-segment in the Stolen Vehicle Recovery Market by sales channel holding around 60% of market share. A growing number of car manufacturers are integrating stolen vehicle recovery systems as standard features or offering them as factory-installed options. This trend is driven by consumer demand for enhanced security and the rising number of car thefts.
The Europe is the dominating region in the Stolen Vehicle Recovery Market holding around 30-35% of market share due to factors like mandatory advanced security features in vehicles, a strong automotive industry fostering innovation, and high theft rates in some countries.
North America is the second largest region in this market holding 25-30% of share with a large car-owning population, rising theft-related insurance costs pushing for recovery solutions, and government initiatives promoting car security.
The Asia-Pacific is the fastest-growing region with 20-25% of market share due to economic growth boosting car ownership, increasing urbanization creating demand for advanced recovery systems, and rising theft rates coupled with less stringent regulations compared to other regions.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major key players are Denso Corporation (Japan), Robert Bosch GmbH (Germany), HELLA GmbH & Co. KGaA (Germany), Valeo (France), Mitsubishi Electric Corporation (Japan), Continental AG (Germany), Lear Corporation (US), CalAmp, Tokairika, Co, Ltd (Japan), OMRON Corporation (Japan) and other key players
Denso Corporation (Japan)-Company Financial Analysis
In Sept. 2023: The UK's Stolen Vehicle Intelligence Unit achieved success in recovering high-value stolen vehicles. Acting on intelligence, the unit intercepted two shipping containers packed with stolen cars, bringing their total recovered haul to 60 containers of stolen vehicles and parts.
In March 2023: The Denver Police Department launched "DenverTrack," a program to combat auto theft. It aims to expedite stolen vehicle recovery, facilitate arrests of perpetrators, and deter theft altogether.
In March 2023: In response to rising auto theft rates in Canada, Ontario insurance providers are offering anti-theft technology. Aviva Insurance leads the charge by partnering with Tag, a North American vehicle tracking and recovery system.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 6.9 Billion |
| Market Size by 2031 | US$ 12.12 Billion |
| CAGR | CAGR of 7.3% From 2023 to 2030 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Technology (Ultrasonic, Radio Frequency Identification, Others) • By Component (Ultrasonic Intruder Protection System, Backup Battery Siren, Central Locking System, Automatic Collision Detection System, Automatic Driver Recognition System, Remote Keyless Entry System, Others) • By Vehicle Type (Passenger Car, Commercial Vehicle) • By Sales Channel (OEM, Aftermarket) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Denso Corporation (Japan), Robert Bosch GmbH (Germany), HELLA GmbH & Co. KGaA (Germany), Valeo (France), Mitsubishi Electric Corporation (Japan), Continental AG (Germany), Lear Corporation (US), CalAmp, Tokairika, Co, Ltd (Japan), OMRON Corporation (Japan) |
| Key Drivers | • Insurance Companies Drive Demand for Stolen Vehicle Recovery Systems by Mandating Their Use for Lower Premiums • Rising Vehicle Theft Rates Drive Demand for Advanced Tracking and Recovery Systems |
| RESTRAINTS | • Data Security Concerns May Hinder Long-Term Growth of Stolen Vehicle Recovery Market |
Ans: The expected CAGR of the global Stolen Vehicle Recovery Market during the forecast period is 7.3%.
Ans: The Stolen Vehicle Recovery Market was valued at USD 6.9 billion in 2023.
Ans: Rising vehicle theft rates and increased demand for advanced tracking systems.
Ans: Data security concerns regarding the tracking systems.
Ans: Europe is the leading region in the stolen vehicle recovery market.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Stolen Vehicle Recovery Market Segmentation, By Technology
9.1 Introduction
9.2 Trend Analysis
9.3 Ultrasonic
9.4 Radio Frequency Identification
9.5 Others
10. Stolen Vehicle Recovery Market Segmentation, By Component
10.1 Introduction
10.2 Trend Analysis
10.3 Ultrasonic Intruder Protection System (UIP)
10.4 Backup Battery Siren (BBS)
10.5 Central Locking System
10.6 Automatic Collision Detection System
10.7 Automatic Driver Recognition System (ADRS)
10.8 Remote Keyless Entry System
10.9 Others
11. Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
11.1 Introduction
11.2 Trend Analysis
11.3 Passenger Car
11.4 Commercial Vehicle
12. Stolen Vehicle Recovery Market Segmentation, By Sales Channel
12.1 Introduction
12.2 Trend Analysis
12.3 OEM
12.4 Aftermarket
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 Trend Analysis
13.2.2 North America Stolen Vehicle Recovery Market Segmentation, By Country
13.2.3 North America Stolen Vehicle Recovery Market Segmentation, By Technology
13.2.4 North America Stolen Vehicle Recovery Market Segmentation, By Component
13.2.5 North America Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.2.6 North America Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.2.7 USA
13.2.7.1 USA Stolen Vehicle Recovery Market Segmentation, By Technology
13.2.7.2 USA Stolen Vehicle Recovery Market Segmentation, By Component
13.2.7.3 USA Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.2.7.4 USA Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.2.8 Canada
13.2.8.1 Canada Stolen Vehicle Recovery Market Segmentation, By Technology
13.2.8.2 Canada Stolen Vehicle Recovery Market Segmentation, By Component
13.2.8.3 Canada Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.2.8.4 Canada Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.2.9 Mexico
13.2.9.1 Mexico Stolen Vehicle Recovery Market Segmentation, By Technology
13.2.9.2 Mexico Stolen Vehicle Recovery Market Segmentation, By Component
13.2.9.3 Mexico Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.2.9.4 Mexico Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.3 Europe
13.3.1 Trend Analysis
13.3.2 Eastern Europe
13.3.2.1 Eastern Europe Stolen Vehicle Recovery Market Segmentation, by Country
13.3.2.2 Eastern Europe Stolen Vehicle Recovery Market Segmentation, By Technology
13.3.2.3 Eastern Europe Stolen Vehicle Recovery Market Segmentation, By Component
13.3.2.4 Eastern Europe Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.3.2.5 Eastern Europe Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.3.2.6 Poland
13.3.2.6.1 Poland Stolen Vehicle Recovery Market Segmentation, By Technology
13.3.2.6.2 Poland Stolen Vehicle Recovery Market Segmentation, By Component
13.3.2.6.3 Poland Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.3.2.6.4 Poland Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.3.2.7 Romania
13.3.2.7.1 Romania Stolen Vehicle Recovery Market Segmentation, By Technology
13.3.2.7.2 Romania Stolen Vehicle Recovery Market Segmentation, By Component
13.3.2.7.3 Romania Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.3.2.7.4 Romania Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.3.2.8 Hungary
13.3.2.8.1 Hungary Stolen Vehicle Recovery Market Segmentation, By Technology
13.3.2.8.2 Hungary Stolen Vehicle Recovery Market Segmentation, By Component
13.3.2.8.3 Hungary Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.3.2.8.4 Hungary Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.3.2.9 Turkey
13.3.2.9.1 Turkey Stolen Vehicle Recovery Market Segmentation, By Technology
13.3.2.9.2 Turkey Stolen Vehicle Recovery Market Segmentation, By Component
13.3.2.9.3 Turkey Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.3.2.9.4 Turkey Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.3.2.10 Rest of Eastern Europe
13.3.2.10.1 Rest of Eastern Europe Stolen Vehicle Recovery Market Segmentation, By Technology
13.3.2.10.2 Rest of Eastern Europe Stolen Vehicle Recovery Market Segmentation, By Component
13.3.2.10.3 Rest of Eastern Europe Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.3.2.10.4 Rest of Eastern Europe Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.3.3 Western Europe
13.3.3.1 Western Europe Stolen Vehicle Recovery Market Segmentation, by Country
13.3.3.2 Western Europe Stolen Vehicle Recovery Market Segmentation, By Technology
13.3.3.3 Western Europe Stolen Vehicle Recovery Market Segmentation, By Component
13.3.3.4 Western Europe Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.3.3.5 Western Europe Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.3.3.6 Germany
13.3.3.6.1 Germany Stolen Vehicle Recovery Market Segmentation, By Technology
13.3.3.6.2 Germany Stolen Vehicle Recovery Market Segmentation, By Component
13.3.3.6.3 Germany Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.3.3.6.4 Germany Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.3.3.7 France
13.3.3.7.1 France Stolen Vehicle Recovery Market Segmentation, By Technology
13.3.3.7.2 France Stolen Vehicle Recovery Market Segmentation, By Component
13.3.3.7.3 France Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.3.3.7.4 France Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.3.3.8 UK
13.3.3.8.1 UK Stolen Vehicle Recovery Market Segmentation, By Technology
13.3.3.8.2 UK Stolen Vehicle Recovery Market Segmentation, By Component
13.3.3.8.3 UK Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.3.3.8.4 UK Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.3.3.9 Italy
13.3.3.9.1 Italy Stolen Vehicle Recovery Market Segmentation, By Technology
13.3.3.9.2 Italy Stolen Vehicle Recovery Market Segmentation, By Component
13.3.3.9.3 Italy Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.3.3.9.4 Italy Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.3.3.10 Spain
13.3.3.10.1 Spain Stolen Vehicle Recovery Market Segmentation, By Technology
13.3.3.10.2 Spain Stolen Vehicle Recovery Market Segmentation, By Component
13.3.3.10.3 Spain Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.3.3.10.4 Spain Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.3.3.11 Netherlands
13.3.3.11.1 Netherlands Stolen Vehicle Recovery Market Segmentation, By Technology
13.3.3.11.2 Netherlands Stolen Vehicle Recovery Market Segmentation, By Component
13.3.3.11.3 Netherlands Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.3.3.11.4 Netherlands Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.3.3.12 Switzerland
13.3.3.12.1 Switzerland Stolen Vehicle Recovery Market Segmentation, By Technology
13.3.3.12.2 Switzerland Stolen Vehicle Recovery Market Segmentation, By Component
13.3.3.12.3 Switzerland Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.3.3.12.4 Switzerland Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.3.3.13 Austria
13.3.3.13.1 Austria Stolen Vehicle Recovery Market Segmentation, By Technology
13.3.3.13.2 Austria Stolen Vehicle Recovery Market Segmentation, By Component
13.3.3.13.3 Austria Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.3.3.13.4 Austria Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.3.3.14 Rest of Western Europe
13.3.3.14.1 Rest of Western Europe Stolen Vehicle Recovery Market Segmentation, By Technology
13.3.3.14.2 Rest of Western Europe Stolen Vehicle Recovery Market Segmentation, By Component
13.3.3.14.3 Rest of Western Europe Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.3.3.14.4 Rest of Western Europe Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.4 Asia-Pacific
13.4.1 Trend Analysis
13.4.2 Asia-Pacific Stolen Vehicle Recovery Market Segmentation, by Country
13.4.3 Asia-Pacific Stolen Vehicle Recovery Market Segmentation, By Technology
13.4.4 Asia-Pacific Stolen Vehicle Recovery Market Segmentation, By Component
13.4.5 Asia-Pacific Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.4.6 Asia-Pacific Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.4.7 China
13.4.7.1 China Stolen Vehicle Recovery Market Segmentation, By Technology
13.4.7.2 China Stolen Vehicle Recovery Market Segmentation, By Component
13.4.7.3 China Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.4.7.4 China Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.4.8 India
13.4.8.1 India Stolen Vehicle Recovery Market Segmentation, By Technology
13.4.8.2 India Stolen Vehicle Recovery Market Segmentation, By Component
13.4.8.3 India Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.4.8.4 India Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.4.9 Japan
13.4.9.1 Japan Stolen Vehicle Recovery Market Segmentation, By Technology
13.4.9.2 Japan Stolen Vehicle Recovery Market Segmentation, By Component
13.4.9.3 Japan Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.4.9.4 Japan Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.4.10 South Korea
13.4.10.1 South Korea Stolen Vehicle Recovery Market Segmentation, By Technology
13.4.10.2 South Korea Stolen Vehicle Recovery Market Segmentation, By Component
13.4.10.3 South Korea Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.4.10.4 South Korea Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.4.11 Vietnam
13.4.11.1 Vietnam Stolen Vehicle Recovery Market Segmentation, By Technology
13.4.11.2 Vietnam Stolen Vehicle Recovery Market Segmentation, By Component
13.4.11.3 Vietnam Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.4.11.4 Vietnam Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.4.12 Singapore
13.4.12.1 Singapore Stolen Vehicle Recovery Market Segmentation, By Technology
13.4.12.2 Singapore Stolen Vehicle Recovery Market Segmentation, By Component
13.4.12.3 Singapore Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.4.12.4 Singapore Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.4.13 Australia
13.4.13.1 Australia Stolen Vehicle Recovery Market Segmentation, By Technology
13.4.13.2 Australia Stolen Vehicle Recovery Market Segmentation, By Component
13.4.13.3 Australia Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.4.13.4 Australia Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.4.14 Rest of Asia-Pacific
13.4.14.1 Rest of Asia-Pacific Stolen Vehicle Recovery Market Segmentation, By Technology
13.4.14.2 Rest of Asia-Pacific Stolen Vehicle Recovery Market Segmentation, By Component
13.4.14.3 Rest of Asia-Pacific Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.4.14.4 Rest of Asia-Pacific Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.5 Middle East & Africa
13.5.1 Trend Analysis
13.5.2 Middle East
13.5.2.1 Middle East Stolen Vehicle Recovery Market Segmentation, by Country
13.5.2.2 Middle East Stolen Vehicle Recovery Market Segmentation, By Technology
13.5.2.3 Middle East Stolen Vehicle Recovery Market Segmentation, By Component
13.5.2.4 Middle East Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.5.2.5 Middle East Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.5.2.6 UAE
13.5.2.6.1 UAE Stolen Vehicle Recovery Market Segmentation, By Technology
13.5.2.6.2 UAE Stolen Vehicle Recovery Market Segmentation, By Component
13.5.2.6.3 UAE Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.5.2.6.4 UAE Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.5.2.7 Egypt
13.5.2.7.1 Egypt Stolen Vehicle Recovery Market Segmentation, By Technology
13.5.2.7.2 Egypt Stolen Vehicle Recovery Market Segmentation, By Component
13.5.2.7.3 Egypt Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.5.2.7.4 Egypt Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.5.2.8 Saudi Arabia
13.5.2.8.1 Saudi Arabia Stolen Vehicle Recovery Market Segmentation, By Technology
13.5.2.8.2 Saudi Arabia Stolen Vehicle Recovery Market Segmentation, By Component
13.5.2.8.3 Saudi Arabia Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.5.2.8.4 Saudi Arabia Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.5.2.9 Qatar
13.5.2.9.1 Qatar Stolen Vehicle Recovery Market Segmentation, By Technology
13.5.2.9.2 Qatar Stolen Vehicle Recovery Market Segmentation, By Component
13.5.2.9.3 Qatar Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.5.2.9.4 Qatar Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.5.2.10 Rest of Middle East
13.5.2.10.1 Rest of Middle East Stolen Vehicle Recovery Market Segmentation, By Technology
13.5.2.10.2 Rest of Middle East Stolen Vehicle Recovery Market Segmentation, By Component
13.5.2.10.3 Rest of Middle East Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.5.2.10.4 Rest of Middle East Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.5.3 Africa
13.5.3.1 Africa Stolen Vehicle Recovery Market Segmentation, by Country
13.5.3.2 Africa Stolen Vehicle Recovery Market Segmentation, By Technology
13.5.3.3 Africa Stolen Vehicle Recovery Market Segmentation, By Component
13.5.3.4 Africa Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.5.3.5 Africa Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.5.3.6 Nigeria
13.5.3.6.1 Nigeria Stolen Vehicle Recovery Market Segmentation, By Technology
13.5.3.6.2 Nigeria Stolen Vehicle Recovery Market Segmentation, By Component
13.5.3.6.3 Nigeria Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.5.3.6.4 Nigeria Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.5.3.7 South Africa
13.5.3.7.1 South Africa Stolen Vehicle Recovery Market Segmentation, By Technology
13.5.3.7.2 South Africa Stolen Vehicle Recovery Market Segmentation, By Component
13.5.3.7.3 South Africa Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.5.3.7.4 South Africa Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.5.3.8 Rest of Africa
13.5.3.8.1 Rest of Africa Stolen Vehicle Recovery Market Segmentation, By Technology
13.5.3.8.2 Rest of Africa Stolen Vehicle Recovery Market Segmentation, By Component
13.5.3.8.3 Rest of Africa Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.5.3.8.4 Rest of Africa Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.6 Latin America
13.6.1 Trend Analysis
13.6.2 Latin America Stolen Vehicle Recovery Market Segmentation, by country
13.6.3 Latin America Stolen Vehicle Recovery Market Segmentation, By Technology
13.6.4 Latin America Stolen Vehicle Recovery Market Segmentation, By Component
13.6.5 Latin America Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.6.6 Latin America Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.6.7 Brazil
13.6.7.1 Brazil Stolen Vehicle Recovery Market Segmentation, By Technology
13.6.7.2 Brazil Stolen Vehicle Recovery Market Segmentation, By Component
13.6.7.3 Brazil Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.6.7.4 Brazil Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.6.8 Argentina
13.6.8.1 Argentina Stolen Vehicle Recovery Market Segmentation, By Technology
13.6.8.2 Argentina Stolen Vehicle Recovery Market Segmentation, By Component
13.6.8.3 Argentina Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.6.8.4 Argentina Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.6.9 Colombia
13.6.9.1 Colombia Stolen Vehicle Recovery Market Segmentation, By Technology
13.6.9.2 Colombia Stolen Vehicle Recovery Market Segmentation, By Component
13.6.9.3 Colombia Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.6.9.4 Colombia Stolen Vehicle Recovery Market Segmentation, By Sales Channel
13.6.10 Rest of Latin America
13.6.10.1 Rest of Latin America Stolen Vehicle Recovery Market Segmentation, By Technology
13.6.10.2 Rest of Latin America Stolen Vehicle Recovery Market Segmentation, By Component
13.6.10.3 Rest of Latin America Stolen Vehicle Recovery Market Segmentation, By Vehicle Type
13.6.10.4 Rest of Latin America Stolen Vehicle Recovery Market Segmentation, By Sales Channel
14. Company Profiles
14.1 Denso Corporation (Japan)
14.1.1 Company Overview
14.1.2 Financial
14.1.3 Products/ Services Offered
14.1.4 SWOT Analysis
14.1.5 The SNS View
14.2 Robert Bosch GmbH (Germany)
14.2.1 Company Overview
14.2.2 Financial
14.2.3 Products/ Services Offered
14.2.4 SWOT Analysis
14.2.5 The SNS View
14.3 HELLA GmbH & Co. KGaA (Germany)
14.3.1 Company Overview
14.3.2 Financial
14.3.3 Products/ Services Offered
14.3.4 SWOT Analysis
14.3.5 The SNS View
14.4 Valeo (France)
14.4.1 Company Overview
14.4.2 Financial
14.4.3 Products/ Services Offered
14.4.4 SWOT Analysis
14.4.5 The SNS View
14.5 Mitsubishi Electric Corporation (Japan)
14.5.1 Company Overview
14.5.2 Financial
14.5.3 Products/ Services Offered
14.5.4 SWOT Analysis
14.5.5 The SNS View
14.6 Continental AG (Germany)
14.6.1 Company Overview
14.6.2 Financial
14.6.3 Products/ Services Offered
14.6.4 SWOT Analysis
14.6.5 The SNS View
14.7 Lear Corporation (US)
14.7.1 Company Overview
14.7.2 Financial
14.7.3 Products/ Services Offered
14.7.4 SWOT Analysis
14.7.5 The SNS View
14.8 CalAmp
14.8.1 Company Overview
14.8.2 Financial
14.8.3 Products/ Services Offered
14.8.4 SWOT Analysis
14.8.5 The SNS View
14.9 Tokairika, Co, Ltd (Japan)
14.9.1 Company Overview
14.9.2 Financial
14.9.3 Products/ Services Offered
14.9.4 SWOT Analysis
14.9.5 The SNS View
14.10 OMRON Corporation (Japan)
14.10.1 Company Overview
14.10.2 Financial
14.10.3 Products/ Services Offered
14.10.4 SWOT Analysis
14.10.5 The SNS View
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
15.3.1 Industry News
15.3.2 Company News
15.3.3 Mergers & Acquisitions
16. Use Case and Best Practices
17. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Automotive Steering Systems Market Size was $36.65 billion in 2023 and will reach USD 43.61 billion by 2031 and grow at a CAGR of 2.2% by 2024-2031
The Robo-Taxi Market Size was valued at USD 1.76 billion in 2022 and is expected to reach USD 98.59 billion by 2030 and grow at a CAGR of 65.3% over the forecast period 2023-2030.
The Automotive Windshield Washer Market Size was USD 20.48 billion in 2023 and will reach USD 30.72 billion by 2031 and grow at a CAGR of 5.2% by 2024-2031
The Electric Vehicle Connector Market Size was recorded at USD 2.08 billion in 2023 and is expected to reach USD 17.8 billion by 2032, growing at a CAGR of 27% over the forecast period 2024-2032.
The Light Car Trailer Market size is expected to reach USD 2.05 Bn by 2030, the market was valued at USD 1.40 Bn in 2022 and will grow at a CAGR of 3.5% over the forecast period of 2023-2030.
The Automotive e-Call Market size was valued at USD 1.51 billion in 2023 and will reach to USD 3.48 billion by 2031 and grow at a CAGR of 11% by 2024-2031
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