Remote Vehicle Shutdown Market 2018: Current Trends and Future Scope 2025

Remote Vehicle Shutdown Market

Summary

The increase in vehicle and cargo threats has heightened the need for automated frameworks, which helps in protecting the vehicle or the cargo. Regardless of being furnished with security systems, for example, complex hardware and alarm systems; the transportation industry is witnessing big misfortunes because of the thefts and consequently, is in a helpless state. Remote immobilization turns out to be an attainable solution to prevent vehicle theft and aides in recovering valuable merchandise and cargoes from stolen vehicles.

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Remote shutdown device helps in preventing possible hijacking and thefts, by thieves. Remote shutdown devices have frameworks, which connects the automobile with a possible manual or automated operator by means of satellite and wireless connections. The device is primarily associated with the vehicle through the central circuit; by a transmitter and receiver, which receives the signal, either to decrease the speed of the vehicle or to stop the vehicle altogether. The use of such gadgets can be found in the U.S, where subprime car loans are given by loan specialists. Subsequently, lenders make use of this technology to debilitate the ignition of a vehicle when a borrower neglects to reimburse. Besides, the police department additionally uses remote vehicle shutdown technology to remotely stop fast chases and to discover stolen vehicles.

This Remote Vehicle Shutdown market research report provides the existing competitive analysis of some of the major players profiled in the market, which includes: OnStar, Sonic Electronix, LoJack, TracknStop, Frotcom, EMCO Software.

Key Regions for this market: North America, Europe, APAC, Latin America, and the Middle East & Africa.

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Global Remote Vehicle Shutdown Market: Type Outlook: Manual System, Automatic System.

Global Remote Vehicle Shutdown Market: Application Outlook: Passenger Car, Commercial Car.

With the advancement of the multibillion-dollar logistics and transportation industry, the concern for safe and timely delivery of merchandise and cargos is rising. This has pushed the industry to embrace remote vehicle lockdown device for their security and along these lines, has increased the demand for remote vehicle lockdown devices. The remote vehicle lockdown gadgets are now being integrated with security gadgets, which will provide complete vehicle security, for example, GPS tracking and anti-theft security alarm. Automobile manufacturers are investing vigorously in the advancement of cutting-edge technologies to safeguard vehicles. General Motors and Scania AB is effectively engaged in the development of such technology. In any case, the concern about security and instances of vehicles because of engine lockdown is raising issues over the usage of remote vehicle lockdown device. 

High demand from emerging economies

North America is expected to be the largest consumer of remote vehicle shutdown and is projected to continue to lead in terms of volume demand, owing to the increasing concerns of safety of vehicles over the coming years. The demand for remote vehicle lockdown devices in Europe is increasing considerably, owing to their high usage in the automotive industry, and this trend is expected to continue over the forecast period.

The market for remote vehicle shutdown devices in the economies of the Asia Pacific region such as Australia and New Zealand is still in its initial stages of development. The demand for these devices is increasing at a steady rate in the markets of India and China and is expected to contribute significantly to the growth of the overall market during the forecast period. On the other hand, the demand for these devices in the Middle East and Africa region is high. For example, in Brazil, where the government has undertaken certain initiatives to equip manufactured or imported vehicles with functions such as tracking and immobilization.

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Key questions answered in the report include:

What will the market size and the growth rate by the end of the forecast period?

What are the key industry trends impacting the growth of the market?

What are the key factors driving and restraining the Remote Vehicle Shutdownmarket?

What are the challenges to market growth?

What are the market opportunities and threats faced by the key players in the market?

Who are the leading competitors functioning in the market for Remote Vehicle Shutdown?

What are the key outcomes of Porter’s five forces analysis of the Remote Vehicle Shutdownmarket?

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