Chinese automobile production has become the fastest growing industry in the world. China is ranked number three in car production and ownership in the world, following the US and Japan.
At the same time, the criminal rate related to car thief and robbery also on a steady increase. Thirty six percent of crimes are car related in those economical advanced areas last year. Hundred thousand cars are stolen every year in the China, an average of more than 300 per day. This is the number one concern for the car owners while they are driving on the road or leaving the car in the parking space.
Last year in Beijing area along, 7,000 or 5% of the cars were stolen. People want to protect their own safety and their investment in their cars. As result, the demand from car owners and taxi companies has created a huge market for the security and monitoring product and services.
There are total 795 million cars in the world. This huge number can be translated into a great business opportunity for automobile security and monitoring.
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