Brandessenceresearch.com Adds “Remote Vehicle Shutdown Market 2019 - Market Demand, Growth, Opportunities, Analysis of Top Key Players and Forecast to 2025” To Its Research Database.
Description:
Remote Vehicle Shutdown Market was valued at USD xx million in 2018 and is projected to reach around USD xx million by 2025, at a CAGR of 8.0% during the forecast period. The base year considered for the study is 2018 and the forecast period is 2019-2025. Banks and finance companies are using such devices to lock down vehicles for loan nonpayers on time as an outcome the market is enjoying constant demand.
Scope of Global Remote Vehicle Shutdown Market Reports –
Remote Vehicle Shutdown is a system used in car. This is a device helps the user to disable the car through the remote within a 50m radius using radio pulses. The remote vehicle lockdown devices are being combined with a comprehensive security device which provides complete vehicle security inclusive of GPS tracking and anti-theft security alarm.

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Global remote vehicle shutdown market report is segmented on the basis of system, end-user, vehicle type and regional & country level. Based upon system, global remote vehicle shutdown market is segmented into manual and automatic. Based upon end-user, market is segmented as personal use and commercial use. By end-user, market is divided into passenger vehicle, transport vehicle and others.

The regions covered in this remote vehicle shutdown market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Remote Vehicle Shutdown is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.

Key Players for Global Remote Vehicle Shutdown Market Reports
Some major key players for global Remote vehicle shutdown market are OnStar Corporation, PassTime GPS, Cobra Car Tech Ltd, LoJack Corporation, Sonic Electronix, Inc., TracknStop, Fleetsmart, The Tracker, EMCO Software, and Frotcom International.
Remote Vehicle Shutdown market is in its emerging stage; therefore, the competition is increasing. Technological development and the product development may provide the growth to the market.

Global Remote Vehicle Shutdown Market Dynamics –
Increasing cases of theft of vehicles and cargos provides the need for automated systems that helps in securing the vehicle or the cargo. Additionally, the transportation industry is observing huge losses due to the thefts. Thus leads the increase in the demand of remote vehicle shutdown. Moreover, the increase in the number of auto loans has bound lenders to use a new technology such as remote vehicle shutdown, which let them to remotely disable the ignition of a car when a debtor falls overdue on payments. Increasing sales of passenger car is also supplements the remote vehicle shutdown market growth. For instance; globally around 78.6 million passenger cars have sold in 2017 and it is continuously increasing. Auto lenders and police are also using the remote vehicle shutdown technology in the United States which let them to remotely halt high-speed hunt. The factors such as car hacking can be a restrain to the market growth over the forecast period. In spite of that, technological development in this field may provide an opportunity to market.


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Remote Vehicle Shutdown Market Segmentation:-
By System
• Manual
• Automatic
By End-User
• Personal Use
• Commercial Use
By Vehicle Type
• Passenger Vehicles
• Transport Vehicles
• Others
By Region
• North America
• U.S.
• Mexico
• Canada
• Europe
• UK
• France
• Germany
• Italy
• Asia Pacific
• China
• Japan
• India
• Southeast Asia
• Latin America
• Brazil
• The Middle East and Africa
• GCC
• Africa
• Rest of Middle East and Africa

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