02-11-2019 03:02 PM CET - Energy & Environment
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Remote Vehicle Shutdown Market Analysis and In-Depth Analysis on Market Dynamics, Emerging Trends, Growth Factors and Sales Forecast to 2023

Press release from: Market Research Future



Market Highlights

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.

Remote shutdown device helps 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 device is mainly connected 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 entirely. The usage of such devices can be found in the U.S, where subprime auto loans are given by lenders. Thus, lenders use this technology to disable ignition of a car when a borrower fails to repay. Moreover the police department also use remote vehicle shutdown technology to remotely halt high speed hunts and to find stolen cars.

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

Market Research Analysis

Commercial vehicle type, expected to grow at the highest CAGR

Commercial vehicle type will dominate the remote vehicle shutdown market. The significant rise in theft of vehicles and cargos, with the development of multibillion dollar logistics and transportation industry, will be the major driver for the growth of commercial vehicle in remote vehicle shutdown market. Also, information and awareness for prevention of the vehicle theft and reclaiming valuable goods and cargos from stolen vehicles, will add to the segment growth during the forecast period.

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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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).

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Email: sales@marketresearchfuture.com

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