Dublin, December 24, 2020 (GLOBE NEWSWIRE) – Added to the report “Analysis of Remote Vehicle Coverage Market, by System, by Vehicle Type, by Movement, According to Area Forecasts to 2026 ” ResearchAndMarkets.com’s offering.
The growth of the logistics & transportation industry, coupled with a sharp increase in the number of vehicle & freight thefts worldwide, is leading to a huge demand for automated systems for vehicle and cargo acquisition, driving growth the remote vehicle closure market.
The Global Remote Vehicle Shutdown market was valued at USD 396.44 Million in 2019 and is expected to reach USD 781.83 Million, delivering a CAGR of 8.04% through 2027.
Remote vehicle shutdown is a technology that allows vehicle owners to shut down the connected vehicle using remote radio beats. Initially, the technology was intended for security, policing and the use of weapons to reduce the damage caused by dangerous driving. However, the technology is widely used to detect and enable stolen vehicles. These systems enable authorized users in remote locations to block the movement of a car or to stop or stop an operating vehicle. The technology also enables the person to gradually remove a car by limiting the throbbing, downward or pouring capacity of air from the braking system.
Some remote vehicle shutdown systems can provide a one-year history of all events, such as discount and control status, vehicle speed, vehicle movement detection, and others. The systems also strengthen the security of carriers who are high-risk cargos containing dangerous or high-value cargos. The high security offered by the technology and adoption of growing systems would drive an increase in the revenue segment of the remote vehicle closure market through 2027.
Other key findings from the report suggest
- The Global Remote Veuticle Shutdown market is expected to reach USD 781.83 Million over the forecast period. Market growth is driven by an increase in the number of vehicle and goods thefts worldwide, generating strong demand for remote vehicle closure technology.
- Depending on the type of vehicle, the commercial vehicle sector is estimated to contribute significantly to the revenue generation market of remote vehicle closures through 2027 due to the growth of the logistics industry and transportation industry.
- Based on the type of movement, the electric vehicle sector is poised to reap significant benefits over the study period due to growing environmental concerns and the growing popularity of electric vehicles across the globe.
- In the regional landscape, North America is expected to account for a large chunk of global vehicle closure market share through 2027 due to growing concerns about vehicle theft in the region. The American remote vehicle closure market is estimated to generate 303.93 Million USD in terms of salary by the end of the expected period.
- Cobra Car Tech is a major player in the global remote vehicle closure market PassTime (US). Limited (UK), Onstar Corp. (US), Sonic Electronix Inc. (US), EMCO Software (Iceland), LoJack Stolen Vehicle Recovery System (US), Frotcom International (Portugal), TracknStop (Ireland), Scania (Sweden)), The Tracker (Africa) South), and Fleetsmart (UK), among others.
- Industry players are increasingly involved in the technological development of remote vehicle shutdown solutions to tap into the growth potential of the market.
For the purpose of this study, Remote Vehicle Residential Market Reports and Data are disaggregated by system, vehicle type, movement and area:
Key topics covered:
Synopsis market
1.1. Market definition
1.2. Scope of Research & Premises
1.3. Approach
1.4. Market estimation technology
Chapter 2. Executive Summary
2.1. Introduction
2.2. Summary, 2016 – 2026
2.3. Barailean
2.4. Restrictions
Chapter 3. Indicative metrics
3.1. Growing the automotive industry
3.2. Rising demand for electric vehicles
Chapter 4. Global Remote Sensing Vehicle Market Selection & Impact Analysis
4.1. Global remote vehicle movement separation analysis
4.2. Business forecast
4.3. Governance Framework
4.4. Five Porter Forces Analysis
4.5. PESTEL analysis of remote vehicle transfer market
Chapter 5. Global Remote Vehicle Collection Market, System Views & Trends
Chapter 6. Global Remote Vehicle Collection Market, Vehicle Type Views & Trends
Chapter 7. Global Remote Vehicle Collection Market, Will Views & Bias
Chapter 8. Global Remote Vehicle Residential Market Regional Forecast
Chapter 9. Competitive Landscape
9.1. Overview
9.2. Share market revenue with manufacturers
9.3. Strategic Identification
9.4. Vendor analysis
Chapter 10. Company Profiles
- PassTime (US)
- Corp. Onstar (US) Co.ra Car Tech. Limited (UK)
- Sonic Electronix Inc. (US)
- Stolen vehicle recovery system LoJack (US)
- EMCO Software (Iceland)
- Frotcom International (Portugal)
- The Tracker (South Africa)
- Fleetsmart (RA)
- TracknStop (Ireland)
- Scania (Sweden).
For more information about this report, visit https://www.researchandmarkets.com/r/5dneqa
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