We are seeing a global increase in motor vehicle use for both citizens and businesses. The rate of theft is also increasing. Auto manufacturers are developing new technology to protect their vehicles.
Despite all the security measures taken by vehicle manufacturers, theft continues to be a problem. The Internet has also contributed to an increase in illicit automotive parts being resold.
Furthermore, sophisticated methods of stealing cars can now bypass anti-theft devices. The Stolen Vehicle Recovery market (SVR) is expected to increase between 5% and 6% by 2023.
Stolen vehicle Recovery (SVR).
Today, electronic means are used to carry out 85% of all thefts. Many anti-theft cell solutions can be connected to the central command system of the vehicle to provide power to the device. This allows it to be used for multiple purposes.
Cellular solutions allow thieves to quickly locate and disconnect the device. This reduces the chances of obtaining the vehicle. Anyone can use this method, also known as mouse jacking. It is easy to use and inexpensive. For example, in France, 82% of the stolen cars were using anti-theft devices.
Car owners often discover their cars have vanished when they realize it. Only one fifth of them are found and 30% are damaged. Insurers can refuse to pay compensation for victims even if they find the car. The recovery process can take a long time and allows thieves plenty of time to either disassemble the car or ship it to another part of the world.
While there are countermeasures, they can be costly to implement and maintain. The SVR market might look at security systems like biometric technology, radio frequency ID, and ultrasonic sensor. However, their high cost and potential failure of electronic parts, as well as the time required to install them, could hinder the growth of the global stolen car recovery market.
SVR companies face many challenges in this environment, as well as fierce competition. These companies are looking for technical solutions that offer the same level of security as private networks (jamming resistance), but at a lower price and with a better customer experience.
IoT is used to enable SVR and lower costs
IoT networks can meet three prerequisites, which are not available in cellular or Bluetooth networks. This allows for vehicle recovery from thieves.
IoT devices are able to provide a single solution that will send signals to different locations for the same price. IoT devices are low in electrical consumption which further reduces overall hardware costs. It is possible to accurately calculate and monitor the battery consumption of IoT devices. This critical information helps reduce high maintenance costs and allows for the replacement of devices when they are not needed.
IoT devices, and networks, offer an alternative to traditional security systems. These devices can be hidden inside vehicles and are quick and simple to install.
IoT-based solutions also offer long-lasting, battery-based devices that can be placed in multiple places within the vehicle. This makes it difficult for a thief to locate the device.
IoT devices also have the advantage of not being attached to any specific network or base station and therefore offer wide coverage. They can also recover messages even from the weakest signals. Other technologies, such as jamming or strong interference, are not affected by them. In cities such as London and Paris, or the absence of a network in underground areas.
IoT providers have developed geolocation capabilities that are based on network triangulation. This can be used to estimate the location of the vehicle stolen. The car’s data is sent to the network provider who then switches to recovery mode when it detects a jamming attempt.
The network will calculate the vehicle’s location and send a message to the security company. This allows the security company dispatch the closest recovery team. Stolen Vehicle Recovery companies are able to monitor whether or not the vehicle is moving in any particular area, even if it is being blocked by a jammer.
Similar IoT-based solutions are available to protect theft in many industries. Asset-tracking solutions that use IoT to track assets and protect cargo transport assets are becoming increasingly important.
SVR and asset tracking solutions are in high demand. Stakeholders need to find cost-effective, reliable and easy-to-install solutions that meet their customers’ needs. There are many options, but IoT-based solutions offer the best solution to all requirements and provide support for victims, authorities, and insurance companies when a car or cargo is taken.
