The Global Remote Vehicle Shutdown Market was valued at USD 450.64 Million in 2022 and is projected to reach around USD 819.95 Million by 2031, at a CAGR of 8.87% during the forecast period.

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Top Key Players:

·         3B+D

·         3Built LLC.

·         CalAmp

·         CEBS

·         Coban

·         Connect2Car Inc.

·         Dragon Bridge (SZ)Tech Co., Ltd

·         Fleetsmart

·         FleetUp

·         GPS and Track, LLC

·         MINE SAFETY APPLIANCES COMPANY

·         Neltronics

·         OnStar, LLC.

·         Shenzhen Eelink Communication Technology Co., Ltd

·         Xmarton

Market Introduction:

The remote vehicle shutdown system is used in automobiles. This is a device that uses radio pulses to help the user disable the car via the remote within a 50-meter radius. The remote vehicle lockdown devices are being combined with a comprehensive security device that provides complete vehicle security, inclusive of GPS tracking and an anti-theft security alarm.

The Remote vehicle shutdown systems are electronic devices mounted on vehicles that cut off the fuel supply and ignition power of the vehicles from a distant location. These systems are equipped with GPS trackers that are connected to the power supply, ignition, and starter motor circuits of vehicles, which enables these systems to shut down vehicles and prevent them from restarting. These systems alert the user through a remote device or mobile application by using short- or long-range networks. Pressing a switch on the remote device or mobile app delivers a coded command to the receiver of the system, which cuts the engine power and immobilises the vehicle.

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Market segmentation:

Remote Vehicle Shutdown Market Size, Share & Trends Analysis Report By System (Manual, Automatic), By End-User (Personal Use, Commercial Use), By Vehicle Type (Passenger Vehicles, Transport Vehicles), Based on Region, And Segment Forecasts, 2023 2031

Market Dynamics:

The increase in vehicle and cargo thefts requires automated systems that help protect the vehicle or cargo from hijacking or robbing. These systems are equipped with complex electronics and alarm systems. Transportation is at a standstill due to thefts. A remote immobilization system prevents vehicle thefts and helps recover valuable things like goods and cargo from lost vehicles. Hence, this factor accelerates market growth. It provides complete vehicle security, like GPS tracking and an anti-theft security alarm.

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