Remote Vehicle Shutdown Market: Opportunities, Emerging Trends, Competitive Strategies and Forecasts 2023

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.

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).

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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.

This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global Remote Vehicle Shutdown market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.

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Table of Content

1... Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Researchs
2.3 Market Size Estimation
2.4 Forecast Model

3... Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis

4 Global Remote Vehicle Shutdown Market, By Systems
Continue……..

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