Remote Vehicle Shutdown Market Research Report 2027 by Emergen Research

The global Remote Vehicle Shutdown Market is forecasted to be worth USD 679.7 Million by 2027, 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.

Covid19 impact

The pandemic has both a positive as well as a negative effect on the healthcare industry. It has disrupted the supply chain and raw material supplies in the Healthcare industry. The increasing number of people affected by the virus has also led to an increase in demand for medical supplies like disposable syringes and injections. The rising demand for Remote Vehicle Shutdown is due to their reduced risk of needle-stick injuries. Besides, the growing requirement for the rapid production of vaccines has also resulted in the increasing demand for Remote Vehicle Shutdown. In order to meet the growing demand for medical supplies, manufactures have increased their production capacity. The manufacturers are adopting safety regulations and preventive measures without hampering the manufacturing process.

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North America is expected to hold the largest market throughout the forecast period due to the rising concerns about vehicles' security. In the United States, California has the highest motor vehicle theft rate. This is expected to propel the demand for remote vehicle shutdown in this region.

Key participants include Sonic Electronix, Inc., Fleetsmart, Cobra Car Tech. Ltd., OnStar Corporation, Frotcom International, Scania AB, PassTime, EMCO Software, LoJack Corporation, and Tracker Connect (Pty) Ltd., among others

Key Highlights From The Report

In August 2017, Exxon Mobil Corporation announced the acquisition of Jurong Aromatics Corporation Pte Ltd. The deal will improve both sites' operational and logistical efficiencies and increase ExxonMobil's productivity.

Over the forecast timeframe, the corn segment is anticipated to dominate market growth due to the high-water resistance ability of corn, and low costs lead to its increasing demand in various sectors.

Due to the increasing use of this application in the automobile sector, the injection segment accounted for the largest market with a CAGR of 6.3% over the forecast period.

Due to the demand for Remote Vehicle Shutdown in the automotive segment, this segment is projected to dominate the market over the forecast timeframe. Remote Vehicle Shutdown can be used for various applications in the construction projects, which is expected to boost the segmental growth over the forecast period.

Due to several regulations of the European commission endorsing the use of degradable polymers owing to its high renewable properties and low air pollution during the manufacturing process, Europe is expected to dominate the market over the forecast timeframe.

During the forecast period, North America is expected to see substantial growth due to the rise in the use of biodegradable polymers by the construction industry in the region.

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Propulsion Outlook (Revenue, USD Million; 2017-2027)

1. Electric
2. Diesel
3. Petrol

Vehicle Outlook (Revenue, USD Million; 2017-2027)

1. Commercial
2. Passenger

Geographical Overview

As per the latest study, the Asia Pacific region is envisioned as the global leader in the Remote Vehicle Shutdown market, on account of the growing investments in training & development in defense academies, especially in the leading economies like India, Pakistan, and China, rising interests in hunting & shooting activities, the popularizing trend of self-defense training, economic development in the arms & ammunition industry, and huge government funding for military and special forces training.

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Key questions addressed in the report:

1. What are the predominant factors propelling the global Remote Vehicle Shutdown market development?
2. Who are the leading distributors, traders, and dealers of this market?
3. Who are the key manufacturers in the Remote Vehicle Shutdown business sector?
4. What are the significant market opportunities and challenges for the v global market vendors?
5. What are the sales and revenue estimations for the leading market players in the Remote Vehicle Shutdown market over the projected period?

Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.