Remote Vehicle Shutdown System Market - Forecast (2023 - 2028)

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Remote Vehicle Shutdown System Market
Forecast(2023 - 2028)
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• Remote Vehicle Shutdown System Market size is
  forecast to reach X billion by 2025, after
  growing at a CAGR X during 2020-2025. Remote
  Vehicle Shutdown refers to a system that allows
  the user to use radio pulses to remotely shut
  down the vehicle to which they are connected.
• The significant rise in the theft of vehicles and
  cargo has triggered for the need of automated
  systems that help in securing the vehicles and
  cargo. Police also use Remote vehicle shutdown
  technology to hunt high-speed vehicles and to
  find stolen cars. 

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• Key Takeaways
• The Automatic system is anticipated to take the
  maximum share in remote vehicle shutdown system.
  Features like AI, IOT comes under Automation
  segment.
• The commercial vehicle segment is expected to
  grow the fastest during the forecast period due
  to the growing logistics and transport sector.
• Remote vehicle shutdown system market mainly
  dominates in North America. In North America,
  growing concerns about safety of vehicles is one
  of the key factors driving the growth of this
  market in this region. 

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• By Distribution Channel- Segment Analysis
• The Automatic system segment is anticipated to
  account the maximum market share by 2025 in the
  growing demand of remote vehicle shutdown system
  across the globe. Increasingly, automakers are
  becoming interested in the technological
  development of Remote Vehicle Shutdown with the
  growing market potential.
• Automation segment is increasing because of the
  inclusion of AI, IOT. Automated systems remove
  the human factor component, facilitating greater
  stability, accuracy, protection, and reliability.

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• Remote Vehicle Shutdown System Market
• PassTime (U.S.)
• Onstar, Corp. (U.S.)
• Cobra Car Tech. Ltd. (U.K.)
• Sonic Electronix Inc. (U.S.)
• LoJack Stolen
• Vehicle Recovery System (U.S.)
• EMCO Software (Iceland)
• Frotcom International (Portugal)
• The Tracker (South Africa)
• Fleetsmart (U.K.)
• TracknStop (Ireland).

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Remote Vehicle Shutdown System Market Learn More
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