Remote Vehicle Shutdown Market Industry Analysis and Leading Players Updates - PassTime GPS , OnStar Corporation , Cobra Car Tech Ltd, Sonic Electronix,Inc , LoJack Corporation

Global Remote Vehicle Shutdown Market - Overview

Remote shutdown device aids prevent possible hijacking and thefts, by burglars. Remote shutdown devices have systems, connecting the car with a possible manual or automated operator through satellite and wireless connections. The system is mainly attached with the car through the central circuit; by a transmitter and receiver, which receives signal, either to reduce the speed of the vehicle or to shutoff the engine.

According to a recent study report published by the Market Research Future, The global market of Remote Vehicle Shutdown is booming and expected to gain prominence over the forecast period. The Global Remote Vehicle Shutdown market is forecasted to demonstrate an exponential growth by 2023, surpassing its previous growth records in terms of value with a whooping CAGR of 8% during the estimated period (2017 – 2023).

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Industry News

OnStar is expanding its Stolen Vehicle Assistance services with a new technology that will enable the remote shutdown of a stolen vehicle. OnStar receives approximately 600 Stolen Vehicla Assistance requests from subscribers each month.

Remote Vehicle Shutdown Market - Segmentation

Global Remote Vehicle Shutdown Market is segmented in to two key dynamics for an easy grasp and enhanced understanding.

Competitive Landscape -

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) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Remote Vehicle Shutdown Market.

Global Remote Vehicle Shutdown Market Competitive Analysis -

Global Remote Vehicle Shutdown Market appears to be highly fragmented and competitive owning to the presence of numerous large and medium players active in regional market. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position.

Manufacturers operating in the market strive to deliver innovative solutions that improve the design and manufacturing processes of business around the world. Focusing upon the competitive edge, Remote Vehicle Shutdown manufacturers strive to develop products that can deliver optimal efficient, convenience and reliability. Utilizing their international and regional presence, these manufacturers assure their customers with the consistency in product & service quality. Manufacturers strive to develop their product portfolio with a wide range of Remote Vehicle Shutdown for every application.

Global Remote Vehicle Shutdown Market Regional Analysis -

North America dominates the global remote vehicle shutdown market. In North America, the whole automotive industry is undergoing a revolution and remote vehicle shutdown are playing a crucial role in shaping the market. Furthermore in North America region, the police division also use remote vehicle shutdown technology to remotely halt high speed hunts and to find stolen cars. The U.S. dominates the global as well as North America remote vehicle shutdown market in 2016 in terms of value; and is also expected to maintain its dominance during the forecasted period.

European region is another major market for remote vehicle shutdown. The flourishing automotive industry in Europe directly translates into the growth of remote vehicle shutdown market. Major automobile manufacturers such as BMW, Volkswagen, Ford and Renault headquartered in this region. This also has the positive influence on the growth of the market. Germany is the largest market in the Europe region in terms of market share and value.

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Segmentation:

On the basis of System, market is segmented into Manual and Automatic. Automatic system is expected to grow at a highest CAGR during the forecast period.

On the basis of Vehicle Type, market is segmented into Passenger and Commercial. Passenger vehicle dominating the vehicle type segment of the remote vehicle shutdown market. The passenger vehicle account for almost 65% of the global vehicle production. With the rise in income levels the passenger vehicle segment has witnessed a significant rise in production and sales.

Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World

1Executive Summary

2 Research Methodology

3 Market Dynamics

4 Global Remote Vehicle Shutdown Market, By Systems

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