Remote Vehicle Shutdown Market 2019 Global Analysis, Size, Growth, Merger, Share, Trends, Competitive Landscape, Regional And Industry Forecast To 2023
According to Remote Vehicle Shutdown Market 2019 Global Industry Analysis To 2023, report on “Global Remote Vehicle Shutdown Industry” published by Market Research Future, The Global Remote Vehicle Shutdown market expected to rise at a CAGR of 8% by 2023.
Pune, India – June 12, 2019 /MarketersMedia/ —
Remote Vehicle Shutdown Market 2019 Global Industry Analysis To 2023, report on “Global Remote Vehicle Shutdown Industry” published by Market Research Future. Global Remote Vehicle Shutdown Market Information by System (Manual and Automatic), Vehicle Type (Passenger and Commercial) and Region – Forecast till 2023.
Major Remote Vehicle Shutdown Companies covered in the market report include TracknStop (Ireland), Frotcom International (Portugal), Fleetsmart (U.K), OnStar Corporation (U.S), Cobra Car Tech Ltd (U.K), The Tracker (South Africa), PassTime GPS (U.S), LoJack Corporation (U.S), and EMCO Software (Iceland), and Sonic Electronix,Inc (U.S) are key players in the remote vehicle shutdown market.
Free Sample “Remote Vehicle Shutdown Market Research Report – Global Forecast till 2023” report at: https://www.marketresearchfuture.com/sample_request/4664
Global Market Highlights:
Global Remote Vehicle Shutdown market has seen remarkable growth; expected to rise at a CAGR of 8%. Rise in Subprime Auto Loans to Work Favorably for Remote Vehicle Shutdown Market.
The remote vehicle shutdown market is on an upward growth trajectory and is mainly spurred due to the growing incidence of car theft. Despite the use of advanced electronics and alarm systems, the transportation industry is faced with the challenge of vehicle and cargo theft from fleet vehicles. In such cases, remote immobilization of vehicles acts as a feasible solution to prevent vehicle theft. It helps in prevention of hijacking and burglary. The transportation industry is progressively adopting remote vehicle shutdown systems as a part of their security systems.
Remote vehicle shutdown allows remotely disabling the ignition of a car and is very helpful in case of theft. Some high-end cars are already equipped with this feature; however, remote vehicle shutdown has gained massive consumer attention and is likely to become a standard feature in cars in the years to come. Remote vehicle shutdown is still in its development stage and is designed for use by police and military. Market Research Future (MRFR) has recently published a new report on the global remote vehicles shutdown market and has outlined key factors which can impact the market growth over the forecast period of 2017-2023. MRFR has indicated a CAGR of 8% in the remote vehicle shutdown market.
The use of remote vehicle shutdown systems is prevalent in the U.S. where it is used extensively by lenders for recovering subprime auto loans. In the act of failure of the loan amount, lenders use this technology to disable the ignition of car. Increase in a number of subprime auto loans has increased the demand for remote vehicle shutdown technology. Remote vehicle shutdown systems can be of paramount importance to banks and finance companies as well. Additionally, police in the US widely use remote vehicle shutdown systems to stop high-speed hunts and detect stolen cars. They are integrated with comprehensive security devices, GPS tracking, and anti-theft security alarm to provide complete security to cars. Moreover, it helps in preventing criminals from using vehicles as getaway cars.
Major automakers have demonstrated a keen interest in technology and are eyeing on capitalizing on the technology. This has attracted huge investments in the market from leading automakers such as General Motors and Scania AB for development and research purposes which further boosts the growth of the market. Automotive OEMs are incorporating remote vehicle shutdown features in high-end cars as safety and convenience feature are the selling points of modern cars. It increases the appeal of vehicles and helps manufacturers command higher prices. However, the growth of the market might be hindered by concerns relating to privacy and incidences of vehicle damage due to engine lockdown.
Segmentation:
The remote vehicle shutdown market has been segmented based on system and vehicle type.
By system, the remote vehicle shutdown market has been segmented into manual and automatic.
By vehicle type, the remote vehicle shutdown market has been segmented based on passenger and commercial.
Regional Analysis:
Geographic segmentation of the global Remote Vehicle Shutdown market, as done in MRFR report, can be segmented into Europe, Asia Pacific (APAC), North America, and the Middle East & Africa (MEA).
North America is leading for remote vehicle shutdown market. Enhanced focus on vehicle safety is likely to propel the growth of the market over the forecast period. Europe is the second largest market and is spurred by the growing usage of vehicle shutdown systems in the automotive industry.
Table Of Contents
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
4.1 Introduction
4.2 Manual
4.3 Automatic
5 Global Remote Vehicle Shutdown Market, By Vehicle Type
5.1 Introduction
5.2 Passenger
5.3 Commercial
Continued…
List of Tables:
TABLE 1 MARKET SYNOPSIS 15
TABLE 2 LIST OF ASSUMPTIONS 18
TABLE 3 LEADING SERVICE SHARE TRANSACTION INDICES (2016) 26
Continued…
List of Figures:
FIGURE 1 GLOBAL REMOTE VEHICLE SHUTDOWN: MARKET STRUCTURE 19
FIGURE 2 RESEARCH PROCESS OF MRFR 21
FIGURE 3 TOP DOWN & BOTTOM UP APPROACH 24
Continued…
Browse More Information On This Report at: https://www.marketresearchfuture.com/reports/remote-vehicle-shutdown-market-4664
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Name: abhishek sawant
Email: Send Email
Organization: Market Research Future
Address: Market Research Future Office No. 528,, Amanora Chambers Magarpatta Road, Pune, India.,
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/remote-vehicle-shutdown-market-4664
Source: MarketersMedia
Release ID: 523499
Copyright © 1999-2013 SproutNews.com
