How IoT can Help Recover Stolen Vehicles?

Today, 85 percent of thefts are committed through technological means. Most anti-theft cellular solutions are powered by the vehicle's central command, allowing them to serve numerous functions.

Fremont, CA: As people see a rapid global increase in the use of motor vehicles for both residents and enterprises, the rate of theft has also been steadily increasing, and automakers are using new technology to guard automobiles. Even while the vehicle owner is frequently the most badly affected, insurance companies are also financially harmed, and the vehicle manufacturer's image is called into doubt.

Every year, around 3.5 million vehicles are stolen around the world. In 2019, motor vehicle theft cost the United States approximately $6.4 billion.

Despite efforts by vehicle manufacturers to improve security, motor vehicle theft remains a major concern for law enforcement, regulatory agencies, automotive manufacturers, and public health organizations worldwide. In addition, the use of the internet has led to a dramatic increase in the resale of illicit automotive components in recent years, making it a major concern for law enforcement, automotive manufacturers, regulatory agencies, and public health organizations around the world.

Stolen Vehicle Recovery

Today, 85 percent of thefts are committed through technological means. Most anti-theft cellular solutions are powered by the vehicle's central command, allowing them to serve numerous functions. For thieves, cellular solutions provide an opportunity to locate and swiftly detach the device, reducing the likelihood of recovering the car. This method, known as mouse jacking, is simple enough for anyone with a portable signal jammer, a low-cost gadget that can be purchased on the internet and leaves no trace of a break-in.

When automobile owners realize their vehicles have vanished, it is typically too late, as just one in every five is retrieved, and 30 percent are destroyed. Even if the car is discovered, insurers may refuse to compensate the victim if no evidence of a break-in is found. Finally, the recovery process is frequently lengthy, giving thieves enough time to deconstruct stolen vehicles or ship them to the other side of the world.

See Also:Top 10 RFID Solution Companies