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Stolen Vehicle Recovery Market Share

ID: MRFR//6183-CR | 188 Pages | Author: Sejal Akre| April 2019

Stolen Vehicle Recovery Market Share Analysis

As more features and devices become common in today's vehicles, there's a rising need to install stolen vehicle recovery systems due to an increase in global vehicle thefts. Many vehicle owners are opting to install these systems after purchasing their vehicles. However, aftermarket systems can be easily found and deactivated by unauthorized users or thieves if not correctly installed. Installing stolen vehicle recovery systems in the factory is more effective because there are numerous hidden locations inside the vehicle, making it challenging for thieves to locate and disable the system. As a result, original equipment manufacturers (OEMs) are now taking steps to include GPS and cellular-based stolen vehicle recovery systems directly in the vehicle. Major OEMs, such as General Motors with OnStar, BMW Assist, Toyota Safety Connect, Lexus Enform, and Mercedes-Benz TeleAid, are leading this trend in the market.

By integrating stolen vehicle recovery systems directly into vehicles during the manufacturing process, OEMs are addressing the rising concern of vehicle theft. This approach ensures a more secure and effective system, as the units can be strategically hidden within the vehicle, making them harder for thieves to locate and deactivate. As a result, factory-installed stolen vehicle recovery systems, featuring GPS and cellular technologies, are gaining popularity in the market. Leading OEMs, including General Motors with OnStar, BMW Assist, Toyota Safety Connect, Lexus Enform, and Mercedes-Benz TeleAid, are at the forefront of this emerging trend. This shift towards factory integration is considered a positive development in enhancing vehicle security.

Factory integration of stolen vehicle recovery systems is gaining traction as a significant trend in the market. The increasing prevalence of vehicle thefts worldwide has prompted original equipment manufacturers (OEMs) to take proactive measures. Unlike aftermarket installations, factory-integrated systems are strategically concealed within the vehicle during the manufacturing process. This makes them less susceptible to detection and deactivation by unauthorized users or thieves.

OEMs are responding to the need for heightened vehicle security by incorporating stolen vehicle recovery systems directly into the vehicles they produce. These integrated systems often feature advanced technologies such as GPS and cellular connectivity, offering a more robust and secure solution. Notable examples include General Motors' OnStar, BMW Assist, Toyota Safety Connect, Lexus Enform, and Mercedes-Benz TeleAid.

The shift towards factory integration is seen as a positive step forward in combating vehicle theft and ensuring the effectiveness of stolen vehicle recovery systems. This approach enhances the overall security of vehicles by making it challenging for thieves to disable or locate these systems. As a result, factory-installed stolen vehicle recovery systems are becoming a preferred choice for both vehicle manufacturers and consumers seeking reliable and secure solutions.

Covered Aspects:
Report Attribute/Metric Details
Base Year For Estimation 2022
Historical Data 2018- 2022
Forecast Period 2023-2032
Growth Rate 7.60% (2023-2032)
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