Global Remote Vehicle Shutdown Market, By Type (Automatic, Manual), Propulsion (Petrol, Gasoline, Diesel, Hybrid, CNG, Electric), Vehicle Type (Passenger Vehicle, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)), Application (Personal Use, Commercial Use), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Remote Vehicle Shutdown Market
Remote vehicle shutdown market is expected to grow at a CAGR of 7.4% in the forecast period of 2021 to 2028. Data Bridge Market Research report on remote vehicle shutdown provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
The increasing cases of robbery in commercial vehicles involved the need for advanced technologies to protect the vehicle. Also due to the rapidly growing robberies, the logistics industry often suffers massive losses, and there is an increased demand for advanced technology to avoid the robberies, which is expected to propel the remote vehicle shutdown market growth over the forecast period of 2021 to 2028. Also the high adoption of IOT and artificial intelligence in the vehicle to offer better reliability and security will be one of the key drivers which are triggering the remote vehicle shutdown market growth In addition; the remote shutdown device helps to stop possible hijacking and robbery, by intruders as well as remote shutdown devices have systems, which is connected to the car with a potential manual or automated operator during satellite and wireless connections. All these benefits have encouraged owners to dynamically change their preferences towards these devices, therefore lifting the growth of the remote vehicle shutdown market. However, the high risk of automotive damage due to engines lockdown is acting as the major limitations for the growth of remote vehicle shutdown in the above mentioned forecasted period. Whereas, with the growth of multibillion dollar logistics and transportation industry, the worry of safe and timely delivery of goods and cargos is growing which is the key aspect driving the growth of the overall remote vehicle shutdown market.
Likewise, the increase in sale of passenger car and increasing investment by auto manufacturers into the development of advanced technologies to keep vehicles safe will further cater ample new opportunities that will lead to the growth of the remote vehicle shutdown market in the above mentioned forecasted period. Whereas, the growing concern regarding privacy and instances of vehicle will challenge the market growth in the above mentioned forecast period.
This remote vehicle shutdown market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on remote vehicle shutdown market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Remote Vehicle Shutdown Market Scope and Market Size
Remote vehicle shutdown market is segmented on the basis of type, propulsion, vehicle type and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the remote vehicle shutdown market is segmented into manual and automatic.
- On the basis of propulsion, the remote vehicle shutdown market is segmented into petrol, diesel, gasoline, hybrid, CNG and electric. Electric is further segmented into battery electric vehicle, fuel cell electric vehicle, hybrid electric vehicle and plug-in hybrid electric vehicle.
- The vehicle type segment of the remote vehicle shutdown market is segmented into passenger vehicle, light commercial vehicle (LCV), and heavy commercial vehicle (HCV). Passenger vehicle is further segmented into mid-sized car, sedan, minivan, convertible, crossover, hatchback and others. Light commercial vehicle (LCV) is further segmented into compact, utility vehicle, supermini, light truck and others. Heavy commercial vehicle (HCV) is further segmented into mobile truck, limo, recreational vehicle, towing truck, fire trucks and others.
- Based on application, the remote vehicle shutdown market is segmented into personal use and commercial use.
Remote Vehicle Shutdown Market Country Level Analysis
Remote vehicle shutdown market is analyzed and market size, volume information is provided by country, type, propulsion, vehicle type and application as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
North America leads the remote vehicle shutdown market in terms of volume demand due to growing concerns of the safety of vehicles in this particular region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rapidly increases cases of auto theft in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Remote Vehicle Shutdown Market Share Analysis
Remote vehicle shutdown market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to remote vehicle shutdown market.
The major players covered in the remote vehicle shutdown market report are Sonic Electronix, fleetsmart, Cobra Car Tech, Pioneer Electronics (USA) Inc., Frotcom, Scania, General Motors, PassTime, Spireon, Inc., Shenzhen Auto Leaders Technology Co., Ltd., Auto Leaders, Co. Ltd., EMCO Software, LoJack and Tracker, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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