Remote Vehicle Shutdown Market Size Worth USD 679.7 Million by 2027 | CAGR of 7.9%: Emergen Research

Remote Vehicle Shutdown Market Size Worth USD 679.7 Million by 2027 | CAGR of 7.9%: Emergen Research

PR Newswire

VANCOUVER, BC, Oct. 15, 2020

- The rising cases of theft of vehicles and surging demand for advanced automated technology to secure vehicles are driving the demand for the market.

- Market Size – USD 385.0 Million in 2019, Market Growth - CAGR of 7.9%, Market Trends – The rise in the implementation of IoT and Artificial Intelligence in vehicles.

VANCOUVER, BC, Oct. 15, 2020 /PRNewswire/ -- The Global Remote Vehicle Shutdown Market is estimated 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 there is an 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 facilitate market growth over the forecast period.

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

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Key Highlights from The Report

To get leading market solutions, visit the link below: 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:

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About Emergen Research

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

With market-leading insights and an in-depth understanding of leading and niche technologies, our solutions address the most pertinent questions for your business needs. A major technological shift has been witnessed towards creating a 'Circular Economy,' fuelled by factors, such as the increased adoption of bio-based materials, along with other methods for achieving carbon neutrality. We are conversant in technologies, viz., Artificial Intelligence (AI), Augmented Reality (AR), Virtual Reality (VR), Robotic Process Automation (RPA), Smart Manufacturing, Internet of Things (IoT), Big Data Analytics, Machine learning, Nanotechnology, Edge Computing, Blockchain Technology, Cloud Computing, Vehicle Electrification, Advanced Maintenance Analytics, and Predictive Maintenance, among other prevalent and emergent technologies.

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