The Global Remote Vehicle Shutdown Market was valued at USD 366.94 Million in 2018 and is projected to grow at a CAGR of 8.04% from 2019 to 2026. Remote Vehicle Shutdown refers to a system which helps the user to enable the option of remotely shutting down the vehicle, to which it is connected, using radio pulses. The technology was intended for police, military and security use in order to help lower down the damage that can be caused due to dangerous driving. With the help of this technology, one can remotely find and disable stolen vehicles. Remote vehicle disabling systems can provide the authorized users at remote locations, the ability to prevent an engine from starting, prevent movement of a vehicle, and to stop or slow an operating vehicle. It also allows the dispatcher or other authorized personnel to gradually decelerate a vehicle by downshifting, limiting the throttle capability, or bleeding air from the braking system from a remote location.
Some systems can also provide up to a one year report history of all the events including the speed of the vehicle, ignition status and control, motion detection of vehicle, as well as other events. These systems can also improve the security of carriers that undergo high-value or high-risk cargo, like hazardous materials. Due to such security features that Remote Vehicle Shutdown provides, its demand in the logistic industry is forecasted to grow through 2026.
Further key findings from the report suggest
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For the purpose of this study, Reports and Data have segmented the Remote Vehicle Shutdown Market on the basis of System, Vehicle type, Propulsion, and Region:
System (Revenue, USD Million; 2016–2026)
Vehicle (Revenue, USD Million; 2016–2026)
Propulsion (Revenue, USD Million; 2016–2026)
Regional Outlook (Revenue in USD Million; 2016–2026)
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Table of Contents
Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique
Chapter 2. Executive Summary 2.1. Introduction 2.2. Summary Snapshot, 2016 – 2026 2.3. Assumptions 2.4. Limitations
Chapter 3. Indicative Metrics 3.1. Growing Automotive Industry 3.2. Rising demand for electric vehicles
Chapter 4. Global Remote Vehicle Shutdown Market Segmentation & Impact Analysis 4.1. Global Remote Vehicle Shutdown Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market Indicators Analysis 4.2.2. Market Drivers Analysis 4.2.2.1. Rising number of vehicle & cargo thefts 4.2.2.2. Bank and finance companies using it to lock-down for loan defaulters. 4.2.3. Market Restraints Analysis 4.2.4. Market Opportunities Analysis 4.3. Regulatory Framework 4.4. Porter’s Five Forces Analysis 4.5. PESTEL Analysis of Remote Vehicle Shutdown market
Chapter 5. Global Remote Vehicle Shutdown Market, System Insights & Trends
Chapter 6. Global Remote Vehicle Shutdown Market, Vehicle Type Insights & Trends
Chapter 7. Global Remote Vehicle Shutdown Market, Propulsion Insights & Trends
Chapter 8. Global Remote Vehicle Shutdown Market Regional Outlook
Continued…..
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