Remote Vehicle Shutdown Market Size, Share, Trends, Growth, and Industry Analysis, By System (Manual, Automatic), By End-User (Personal Use, Commercial Use), By Vehicle Type (Passenger Vehicles, Transport Vehicles), Regional Insights and Forecast to 2031
global remote vehicle shutdown market size was USD 450.64 million in 2022 and is predicted to reach USD 819.95 million in 2031, exhibiting at CAGR of 8.87% during the forecast period.
The remote vehicle shutdown system is used in automobiles. This is a device that uses radio pulses to help the user disable the car via the remote within a 50-meter radius. The remote vehicle lockdown devices are being combined with a comprehensive security device that provides complete vehicle security, inclusive of GPS tracking and an anti-theft security alarm.
The Remote vehicle shutdown systems are electronic devices mounted on vehicles that cut off the fuel supply and ignition power of the vehicles from a distant location. These systems are equipped with GPS trackers that are connected to the power supply, ignition, and starter motor circuits of vehicles, which enables these systems to shut down vehicles and prevent them from restarting. These systems alert the user through a remote device or mobile application by using short- or long-range networks. Pressing a switch on the remote device or mobile app delivers a coded command to the receiver of the system, which cuts the engine power and immobilises the vehicle. Remote vehicle shutdown systems are being used by businesses, law enforcement agencies, and individuals to prevent the misuse of vehicles by rogue elements. Parents are also using these systems to prevent their underage children from using vehicles.
A remote shutdown device is very helpful in these terrible days to prevent hijacking and theft by burglars. This device has a system with possible manual or automated operators through satellites and wireless connections to connect with the car. This device is connected to the central circuit in the car. The transmitter and receiver receive the signal and decide whether to reduce the vehicle’s speed or shut off the engine entirely. In the U.S., subprime auto loans are provided by the industry where the need for a remote vehicle shutdown market is found. When a borrower fails to repay, the lender uses this technology to shut off the ignition of their cars. The police department is also employing this cutting-edge technology to remotely halt high-speed chases and search for stolen or missing vehicles. According to the report of the National Insurance Crime Bureau, from 2013 to 2015, nearly 147,434 vehicles were robbed with keys and fobs left in the cars, which reflects 56% of the rise in car robberies, and from 2016 to 2018, approximately 229,339 car robberies were done in the U.S., and stolen cars amounted to 209 cars every day.
REPORT SCOPE & SEGMENTATION:
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Report Attribute |
Details |
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Projected Market Value (2031) |
819.95 million |
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Estimated Market Value (2022) |
450.64 million |
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Base Year |
2022 |
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Forecast Years |
2023 - 2031 |
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Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- System, End-user, Vehicle type and Region |
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Segments Covered |
By System, By End User, By Vehicle type and Region |
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Forecast Units |
Value (USD Billion), and Volume (Units) |
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Quantitative Units |
Revenue in USD million/billion and CAGR from 2023 to 2031 |
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Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
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Countries Covered |
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
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Report Coverage |
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
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Delivery Format |
Delivered as an attached PDF and Excel through email, according to the purchase option. |
Market Dynamics:
Regional Analysis
The remote vehicle shutdown market is analyzed, and market size and volume information is provided by country, type, propulsion, vehicle type, and application, as referred to above.
Based on regional analysis, the remote vehicle shutdown market is segmented into four main regions: North America, Europe, Asia-Pacific, and the Rest of the World. Out of these regions, North America is the leading region in the market due to the growing concerns about vehicle security. In the US, the emerging country of California has the highest motor vehicle theft rate, which leads to an increase in demand for the market. For rising vehicle theft cases in this region, Asia-Pacific is expected to be the fastest-growing region.
The country section of the report also includes individual market impacting factors and changes in regulation in the market that affect current and future market trends. Data points like downstream and upstream value chain analysis, technical trends, Porter's five forces analysis, and case studies are some of the indicators used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape
Due to the presence of leading producers, the remote vehicle shutdown market has a high degree of concentration. The following are a few of the major companies active in the remote vehicle shutdown market:
Segmentations
By System
By Vehicle Type
By End-User
Regional Outlook
Research Methodology
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Data Collection
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Primary Research
After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market.
Secondary Research
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Top-Down Approach & Bottom-Up Approach
In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.
In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.
This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.
Market Analysis & size Estimation
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Quality Checking & Final Review
The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.
