Remote Vehicle Shutdown Market Size Worth USD 994.09 Million in 2032 | Emergen Research

Vancouver, Dec. 07, 2023 (GLOBE NEWSWIRE) -- The global Remote Vehicle Shutdown Market is forecasted to be worth USD 994.09 Million by 2032, 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.

However, it is anticipated that privacy issues and the risk of automotive damage due to the engines' lockdown will restrain the market growth over the forecast timeframe.

Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/202

Scope of Research          

Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now) @ https://www.emergenresearch.com/request-discount/202

Major Companies and Competitive Landscape

The market for Remote Vehicle Shutdown is fragmented, with a significant number of large and medium-sized players, which account for a significant global share of the market. The key players of the market are well-equipped with significant manufacturing resources and are also engaged in various research and development activities.

 Some of the top players in the Remote Vehicle Shutdown market comprise:

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

Strategic Development

In June 2023, OnStar Corporation launched a mobile application to provide safety features like emergency advisors, share places with family members, and roadside assistance. This will strengthen OnStar’s position in the U.S and Canada.

In August 2018, LoJack Corporation announced the formation of a joint venture with Salinas Valley Ford Lincoln. With this deal, LoJack will deliver next-generation telematics solutions and expand its footprint in North America.

Direct Order Can Be Placed Through This Link [Exclusive Copy] @ https://www.emergenresearch.com/select-license/202 

Some 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.
• Due to the increasing cases of car thievery globally, the passenger car segment is expected to hold the largest market over the forecast period. Due to the increasing robbery cases in logistical vehicles, the commercial vehicle segment is estimated to rise substantially in the forecast timeframe.

Browse Full Report Description + Research Methodology + Table of Content + Infographics@  https://www.emergenresearch.com/industry-report/remote-vehicle-shutdown-market

Emergen Research has segmented the global Remote Vehicle Shutdown Market on the basis of type, propulsion, vehicle, and region:

• Type Outlook (Revenue, USD Million; 2019-2032)
  • Automatic
  • Manual
• Propulsion Outlook (Revenue, USD Million; 2019-2032)
  • Electric
  • Diesel
  • Petrol
• Vehicle Outlook (Revenue, USD Million; 2019-2032)
  • Commercial
  • Passenger
• Regional Outlook (Revenue, USD Million; 2019-2032)
  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. UK
    3. France
    4. BENELUX
    5. Rest of Europe
  • Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. India
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • MEA
    1. Saudi Arabia
    2. UAE
    3. Rest of MEA

Curated Reports You Shouldn't Miss: Dive In Now!

Suspension Tuning Market, By Architecture, By Component, By Vehicle Type, By Distribution Channel, and By Region Forecast to 2030

Diesel Exhaust Fluid Market, By Component (SCR Catalyst, DEF Tank, DEF Injector, DEF Supply Module, and Nox Sensors), By Vehicle Type, By Supply Mode, By Application, and By Region Forecast to 2032

Automotive Charge Air Cooler Market, By Vehicle Type (Light Commercial Vehicle, Passenger Vehicle, and Others), By Product Type (Liquid-Cooled and, Air-Cooled), By Position (Integrated, Standalone), By Fuel Type (Gasoline), By Design (Bar & Plate), and By Region Forecast to 2032

Electric Heavy Commercial Vehicle Lithium Ion Battery Management Market, By Vehicle Type (Trucks, Buses, and Others), By Battery Type, By Battery Capacity (Below 100 kWh, 100-300 kWh, and Others), By End-Use, and By Region Forecast to 2032

Bearings Market, By Type (Ball Bearings, Roller Bearings, Plain Bearings, and Others), By Application (Automotive, Agriculture, Electrical, Mining & Construction, Railway & Aerospace, and Automotive Aftermarket), and By Region Forecast to 2032

 About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: https://www.emergenresearch.com/

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

Explore Our Japanese Version: Remote Vehicle Shutdown Market

Explore Our Blogs and Insights Section: https://www.emergenresearch.com/insights

Read our Press Release @ https://www.emergenresearch.com/press-release/global-remote-vehicle-shutdown-market