Vehicle Security Market is driven by rising theft concerns

The Global Vehicle Security Market is estimated to be valued at USD 10.83 Billion in 2025 and is expected to reach USD 16.50 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.2% from 2025 to 2032.

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Vehicle Security Market is Anticipated to Witness High Growth Owing to Rising Cases of Automotive Theft

The vehicle security market involves products and solutions that help secure vehicles against theft. Some key products in this market include immobilizers, vehicle alarms, steering locks, and central locking systems. The need for vehicle security systems is increasing owing to the rising number of automotive thefts globally every year. According to statistics, a vehicle is stolen every 38 seconds in the United States alone. Additionally, vehicles have become more expensive and technically advanced over the years, further driving the demand for adequate protection.

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