The global 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 latest research report by Emergen Research, named ‘Global Remote Vehicle Shutdown Market - Forecast to 2027’, entails a comprehensive review of the global Remote Vehicle Shutdown market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe.

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COVID-19 Impact Analysis:

This report is the latest document encompassing the massive changes that took place in the Remote Vehicle Shutdown market following the emergence of the COVID-19 pandemic. The pandemic has drastically affected the global economic landscape, thereby disrupting the operating mechanism of the Remote Vehicle Shutdown market. The severe global crisis has prompted organizations to efficiently respond to the rapidly shifting business environment. Therefore, the report fully covers the profound impact of COVID-19 on this industry, with a special focus on the affected industry segments.

Key Highlights From The Report

  • In January 2019, in partnership with LoJack, Pioneer Electronics Inc. introduced the rDrive, a connected service solution. By allowing improved accessibility, surveillance, location-based services, and in-vehicle Wi-Fi hotspots, rDrive enhances the experience of vehicle ownership and driving. This will enhance LoJack position in the U.S.
  • Due to the growing integration of IoT, artificial intelligence, and other automation processes in the vehicle, the automatic segment is anticipated to dominate the market with a CAGR of 8.0% over the forecasted period.
  • Over the forecast timeframe, the petrol segment is expected to dominate the market as petrol is cheaper than diesel, and cars seem to be slightly convenient to purchase and maintain.

Competitive Outlook:

  • The global Remote Vehicle Shutdown market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Remote Vehicle Shutdown market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.

Some of the key participants in this industry include:

  • Sonic Electronix, Inc.
  • Fleetsmart
  • Cobra Car Tech. Ltd.
  • OnStar Corporation
  • Frotcom International
  • Scania AB
  • PassTime
  • EMCO Software
  • LoJack Corporation

Key questions addressed in the report:

  • What are the key factors driving the global Remote Vehicle Shutdown market?
  • Who are the key manufacturers in this market space?
  • Who are the distributors, traders and dealers of this market?
  • What are the market opportunities and risks affecting the performance of the vendors in the global Remote Vehicle Shutdown market?

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