Remote Vehicle Shutdown Market Outlook 2027 -
Remote vehicle shutdown is a device which is connected to the car through the central circuit. With the help of transmitter and receiver, the device receives signal either to reduce the speed of the vehicle or to shutoff the engine entirely. The significant rise in the theft of vehicles and cargos has triggered for the need of automated systems that help in securing the vehicle or the cargo. Even after being equipped with security systems, the transportation industry is still witnessing huge losses due to theft of vehicle and cargo. This safety assurance leads to the growth of the remote vehicle shutdown market in near future.
COVID-19 SCENARIO ANALYSIS
- The outbreak of the COVID-19 has been so strong that it has halted all operations across verticals.
- Industries are struggling to cope up with the rising challenges of personnel lives.
- COVID-19 pandemic has shut down the travelling and tourism and use of the remote vehicle and will restart at only when situation is stable.
- Automobile and component manufacturing plants are being shuttered around the world.
- Consumer footfalls in showrooms have fallen sharply, vehicle sales are dropping dramatically and almost every major industry event is either being cancelled or going the digital way.
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
The significant factors leading to the growth of the market are increased concern of safety and timely deliverance and increased use of the device by police departments. However, concerns about privacy and instances of vehicle and personal damage due to engine lockdown hampers the growth of automotive remote vehicle shutdown market. On the other hand, prevention of hijacking and thefts will fuel demand in the market.
Increased concern of safety and timely deliverance
With the development of logistics and transportation for the purpose of safe and timely deliverance of goods is increasing. This has increased the demand for the remote shutdown vehicle market for vehicles safety. This has resulted in the growth of the remote vehicle shutdown market.
Increased use of the device by police departments
Police departments also uses remote vehicle shutdown technology to hunt high speed vehicles and to find stolen cars. Government has taken various steps to equip manufactured or imported vehicles with tracking and immobilization devices. This leads to the growth of the remote vehicle shutdown market in near future.
Key benefits of the report:
- This study presents the analytical depiction of the market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of remote vehicle shutdown market share.
- The current market is analyzed to highlight the market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed remote vehicle shutdown market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the remote vehicle shutdown market research report:
- Which are the leading market players active in the market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
Remote Vehicle Shutdown Market Report Highlights
| Aspects | Details |
 By System |
|
 By Vehicle type |
|
 By Region |
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 Key Market Players | The Tracker, Sonic Electronix Inc., Frotcom International, PassTime GPS, LoJack Corporation, EMCO Software, TracknStop, OnStar Corporation, Fleetsmart, Cobra Car Tech Ltd |
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