Report Code: A11400 | Nov 2023 | Pages: NA | ||
Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Remote Vehicle Shutdown Market
Request Now !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 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.
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.
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.
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Questions answered in the remote vehicle shutdown market research report:
Remote Vehicle Shutdown Market Report Highlights
Aspects | Details |
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By System |
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By Vehicle type |
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By Region |
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Key Market Players | TracknStop, Cobra Car Tech Ltd, PassTime GPS, Fleetsmart, The Tracker, EMCO Software, LoJack Corporation, OnStar Corporation, Sonic Electronix Inc., Frotcom International |
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