Remote Vehicle Shutdown Market 2018 – 2023 Global Top Key Players: PassTime GPS , OnStar Corporation , Cobra Car Tech Ltd , Sonic Electronix,Inc , LoJack Corporation

Remote Vehicle Shutdown Market Overview:-

The rise in vehicle and cargo thefts, has elicited the need of automated systems, which helps in securing the vehicle or the cargo. Despite being equipped with security systems, such as complex electronics and alarm systems; the transportation industry is witnessing huge losses due to the thefts and thus, is at a vulnerable state. Remote immobilization proves to be a feasible solution to prevent vehicle theft and helps in retrieving valuable goods and cargoes from stolen vehicles.

The global remote vehicle shutdown market is expected to grow at ~ 8% CAGR during the forecast period.

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Leading Key Players:-

The key players of global remote vehicle shutdown market are PassTime GPS (U.S), OnStar Corporation (U.S), Cobra Car Tech Ltd (U.K), Sonic Electronix,Inc (U.S), LoJack Corporation (U.S), TracknStop (Ireland), The Tracker (South Africa), Fleetsmart (U.K), Frotcom International (Portugal) and EMCO Software (Iceland).

Scope of the Report:-

This study provides an overview of the global remote vehicle shutdown market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global small wind power market by its system, by vehicle type and by region.

By System
• Manual
• Automatic

By Vehicle Type
• Passenger
• Commercial

By Regions
• North America
• Asia Pacific
• Europe
• Rest of the World

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Global Remote Vehicle Shutdown Market Analysis:-
Currently, the remote vehicle shutdown market is in the growth stage. This is due to the increasing concerns of the safety of vehicles over the forecast years. The growth is primarily attributed to their high applicability in the automotive industry, which is likely to continue during the forecast years. The North American region is currently the leading region in Remote Vehicle Shutdown market and is followed by Europe and Asia Pacific.

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