The increasing incidences of vehicle theft and the surging requirement for innovative and enhanced automated technology to improve vehicle’s security are driving the market demand.
Remote Vehicle Shutdown Market is forecasted to be worth USD 679.7 Million by 2027, according to a current analysis by Emergen Research. The rising cases of robbery in commercial vehicles entail the need for advanced technologies to protect the vehicle. Due to the robberies, the logistics industry frequently suffers massive losses and increased demand for advanced technology to prevent the robberies, which is expected to propel the market growth over the forecast period. Besides, the rapid adoption of IoT and Artificial intelligence in the vehicle to provide improved reliability and security is anticipated to further propel the market growth over the forecast timeframe.
The rising incorporation of Artificial Intelligence (AI) and the Internet of Things (IoT) in the vehicles to augment their reliability and security is presumed to strengthen the requirement for remote vehicle shutdown systems, thereby proliferating the market expansion. However, the privacy issues surrounding the smart systems’ implementation and the increasing chances of vehicle damage due to the engine’s untimely lockdown are estimated to act as market restraining factors over the projected timeline.
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The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Remote Vehicle Shutdown market and pinpoint the fundamental growth trends.
Key players operating in the global remote vehicle shutdown market are Frotcom International, Sonic Electronix, Inc., PassTime, OnStar Corporation, Tracker Connect (Pty) Ltd., Scania AB, EMCO Software, Fleetsmart, LoJack Corporation, and Cobra Car Tech Ltd., among others.
Type Outlook (Revenue, USD Million; 2017-2027)
Propulsion Outlook (Revenue, USD Million; 2017-2027)
Vehicle Outlook (Revenue, USD Million; 2017-2027)
Knowing the trends influencing the industry performance
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The research provides answers to the following key questions:
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Remote Vehicle Shutdown Market Segmentation & Impact Analysis
4.1. Remote Vehicle Shutdown Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. The rise in theft of vehicles
4.2.2.2. Increasing demand for advanced automatic technology for vehicle security
4.2.3. Market restraints analysis
4.2.3.1. Concern related to privacy and vehicle damage
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Remote Vehicle Shutdown Market By Type Insights & Trends Revenue (USD Million)
5.1. Type Dynamics & Market Share, 2019 & 2027
5.1.1. Automatic
5.1.2. Manual
Chapter 6. Remote Vehicle Shutdown Market By Propulsion Insights & Trends Revenue (USD Million)
6.1. Propulsion Dynamics & Market Share, 2019 & 2027
6.1.1. Electric
6.1.2. Diesel
6.1.3. Petrol
Chapter 7. Remote Vehicle Shutdown Market By Vehicle Insights & Trends, Revenue (USD Million)
7.1. Vehicle Dynamics & Market Share, 2019 & 2027
7.1.1. Commercial
7.1.2. Passenger
Continue…!
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