Remote Start System Market Size, Share, Analysis, Applications, Growth Insight, and Future Forecast - 2028

The global remote start system market is anticipated to grow at a considerable CAGR during the forecast period (2022-2028).

The remote start system is a combination of mechanical and electrical systems that provide the capability of remotely starting and stopping the vehicles with the feature of locking the door after starting the vehicle. The major factor attributing to the growth of the global remote start system market includes the increasing number of motor vehicle production across the globe. According to the 2021 Production Statistics report published by the International Organization of Motor Vehicle Manufacturers (OICA), around 80 million motor vehicles were produced across the globe in 2021. Among these, around 23 million commercial vehicles including light commercial vehicles and heavy commercial vehicles were manufactured and around 57 million passenger cars were produced in 2021. Thus, increasing the demand for remote start systems for motor vehicles.

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The application of remote start systems is also increasing in motor vehicles due to several advantages offered by remote start systems. These advantages include cold starting of the vehicle from the house, cooling the vehicle before entering in summer, locating the vehicle in crowded parking, enhancing the securing of the vehicles, and continuous tracking of the vehicle, among others. Thus, contributing to the growth of the global remote start system market.

The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instances-

• In April 2022, Kia introduced two new adventure SUV models called "X-Line" and "X-Pro". These two SUVs are launched with several upgrades and new features including a WiFi hotspot and a digital key that can support iPhones,
Apple Watches, and Samsung Galaxy smartphones.

• In March 2022, Komatsu started the trials of remote control ICT dozers in Anglo-American's Minas-Rio iron ore mine in Brazil.

• In July 2021, Continental AG introduced a smartphone-based car key called "Continental Smart Acess(CoSmA)". Continental Smart Acess (CoSmA) is a smartphone-based vehicle access system that works on Ultra-Wideband(UWB) and Bluetooth technologies offering various features including remote start & stop, locking & unlocking of vehicle, tracking the vehicle, and others.

Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Type
o By Application

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Denso Corp., Continental AG, Robert Bosch GmbH, BrogWarner Inc., and Sony Corp., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Remote Start System Market Report by Segment

By Type
• Digital
• Hybrid
• Analog

By Application
• Passenger Vehicles
• Commercial Vehicles

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This release was published on openPR.