Market Overview:
The global stolen vehicle recovery systems market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for stolen vehicle recovery systems in the automotive industry, owing to the increasing instances of vehicular theft across the globe. In addition, technological advancements in stolen vehicle recovery systems are also propelling the growth of this market. Based on type, cars accounted for majority of the share in 2017 and is expected to maintain its dominance during the forecast period as well. This can be attributed to increase in sales of cars globally coupled with rising instances of vehicular theft across different regions.
Product Definition:
A stolen vehicle recovery system (SVRS) or stolen vehicle tracking system is a type of vehicle security system that uses wireless communication to track and monitor the location of a motor vehicle. A SVRS typically consists of two components: a GPS-enabled tracking device installed in the Vehicle and a central management console used by law enforcement or other authorized personnel to track the Vehicle's location.
Cars:
Cars, it's usage and growth factor in Stolen Vehicle Recovery Systems market is expected to witness significant growth over the forecast period. The recovery of stolen vehicles is a time-consuming and expensive process for both the parties involved if not done at an early stage.
Trucks:
Trucks are used in the recovery of stolen vehicles. They are also used to transport police equipment and supplies to and from crime scenes. The demand for trucks is expected to witness growth owing to increasing incidences of vehicle theft, rising demand for specialized vehicles in law enforcement agencies, technological advancements pertaining to recovery of stolen vehicles, and growing need for logistics due to expansion activities undertaken by organizations across the globe.
Application Insights:
The OEM application segment accounted for the largest revenue share of over 60% in 2017. The rising demand for OE-quality parts and components is expected to drive the demand for stolen vehicle recovery systems (SVRS) in this segment. In addition, aftermarket companies are focusing on providing high-tech solutions to recover vehicles that aid in tracking down the vehicle owners and also assist them with information regarding recovered vehicles through a mobile app or website. This trend is expected to continue over the forecast period as these companies focus on providing technologically advanced products and services at affordable prices.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing vehicle theft and a large number of stolen vehicles in China, India, and other South Asian countries. According to NCBJ estimates, around 1.5 million vehicles are stolen every year in Japan; however, only 0.2% of these crimes are reported to authorities annually as there is no financial incentive for filing a police complaint for minor damages caused by accident or theft under Japanese law (NCBJ 2016).
Growth Factors:
- Increasing demand for stolen vehicle recovery systems from the automotive industry as a result of increasing instances of vehicle theft.
- Growing awareness about the benefits of using stolen vehicle recovery systems among consumers, which is expected to drive its adoption in the coming years.
- Proliferation of advanced technologies that are aiding in the development and deployment of better stolen vehicle recovery systems.
- Rising investments by key players in research and development activities to develop innovative solutions for recovering vehicles that have been stolen or hijacked.
Scope Of The Report
Report Attributes
Report Details
Report Title
Stolen Vehicle Recovery Systems Market Research Report
By Type
Cars, Trucks, SUVs, Others
By Application
OEM, Aftermarket
By Companies
LoJack, Halo Group, TRACKER, Black Telematics Box, OnStar, Arknav, Spireon, KLCBT, SmarTrack, Cartrack, Matrix, Sunrise Tracking
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Stolen Vehicle Recovery Systems Market Report Segments:
The global Stolen Vehicle Recovery Systems market is segmented on the basis of:
Types
Cars, Trucks, SUVs, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
OEM, Aftermarket
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- LoJack
- Halo Group
- TRACKER
- Black Telematics Box
- OnStar
- Arknav
- Spireon
- KLCBT
- SmarTrack
- Cartrack
- Matrix
- Sunrise Tracking
Highlights of The Stolen Vehicle Recovery Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cars
- Trucks
- SUVs
- Others
- By Application:
- OEM
- Aftermarket
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Stolen Vehicle Recovery Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
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- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Stolen vehicle recovery systems are a type of security system that is designed to help law enforcement recover stolen vehicles. These systems typically use GPS tracking technology to locate the stolen vehicle and send alerts to police.
Some of the key players operating in the stolen vehicle recovery systems market are LoJack, Halo Group, TRACKER, Black Telematics Box, OnStar, Arknav, Spireon, KLCBT, SmarTrack, Cartrack, Matrix, Sunrise Tracking.
The stolen vehicle recovery systems market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Stolen Vehicle Recovery Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Stolen Vehicle Recovery Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Stolen Vehicle Recovery Systems Market - Supply Chain
4.5. Global Stolen Vehicle Recovery Systems Market Forecast
4.5.1. Stolen Vehicle Recovery Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Stolen Vehicle Recovery Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Stolen Vehicle Recovery Systems Market Absolute $ Opportunity
5. Global Stolen Vehicle Recovery Systems Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Stolen Vehicle Recovery Systems Market Size and Volume Forecast by Type
5.3.1. Cars
5.3.2. Trucks
5.3.3. SUVs
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Stolen Vehicle Recovery Systems Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Stolen Vehicle Recovery Systems Market Size and Volume Forecast by Application
6.3.1. OEM
6.3.2. Aftermarket
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Stolen Vehicle Recovery Systems Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Stolen Vehicle Recovery Systems Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Stolen Vehicle Recovery Systems Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Stolen Vehicle Recovery Systems Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Stolen Vehicle Recovery Systems Demand Share Forecast, 2019-2026
9. North America Stolen Vehicle Recovery Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Stolen Vehicle Recovery Systems Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Stolen Vehicle Recovery Systems Market Size and Volume Forecast by Application
9.4.1. OEM
9.4.2. Aftermarket
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Stolen Vehicle Recovery Systems Market Size and Volume Forecast by Type
9.7.1. Cars
9.7.2. Trucks
9.7.3. SUVs
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Stolen Vehicle Recovery Systems Demand Share Forecast, 2019-2026
10. Latin America Stolen Vehicle Recovery Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Stolen Vehicle Recovery Systems Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Stolen Vehicle Recovery Systems Market Size and Volume Forecast by Application
10.4.1. OEM
10.4.2. Aftermarket
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Stolen Vehicle Recovery Systems Market Size and Volume Forecast by Type
10.7.1. Cars
10.7.2. Trucks
10.7.3. SUVs
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Stolen Vehicle Recovery Systems Demand Share Forecast, 2019-2026
11. Europe Stolen Vehicle Recovery Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Stolen Vehicle Recovery Systems Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Stolen Vehicle Recovery Systems Market Size and Volume Forecast by Application
11.4.1. OEM
11.4.2. Aftermarket
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Stolen Vehicle Recovery Systems Market Size and Volume Forecast by Type
11.7.1. Cars
11.7.2. Trucks
11.7.3. SUVs
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Stolen Vehicle Recovery Systems Demand Share, 2019-2026
12. Asia Pacific Stolen Vehicle Recovery Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Stolen Vehicle Recovery Systems Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Stolen Vehicle Recovery Systems Market Size and Volume Forecast by Application
12.4.1. OEM
12.4.2. Aftermarket
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Stolen Vehicle Recovery Systems Market Size and Volume Forecast by Type
12.7.1. Cars
12.7.2. Trucks
12.7.3. SUVs
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Stolen Vehicle Recovery Systems Demand Share, 2019-2026
13. Middle East & Africa Stolen Vehicle Recovery Systems Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Stolen Vehicle Recovery Systems Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Stolen Vehicle Recovery Systems Market Size and Volume Forecast by Application
13.4.1. OEM
13.4.2. Aftermarket
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Stolen Vehicle Recovery Systems Market Size and Volume Forecast by Type
13.7.1. Cars
13.7.2. Trucks
13.7.3. SUVs
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Stolen Vehicle Recovery Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Stolen Vehicle Recovery Systems Market: Market Share Analysis
14.2. Stolen Vehicle Recovery Systems Distributors and Customers
14.3. Stolen Vehicle Recovery Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. LoJack
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Halo Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. TRACKER
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Black Telematics Box
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. OnStar
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Arknav
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Spireon
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. KLCBT
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. SmarTrack
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Cartrack
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Matrix
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Sunrise Tracking
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
