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IMARC Group, a leading market research company, has recently releases report titled, “Automotive Ecall Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the global automotive Ecall market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the automotive Ecall market?
How big is the automotive Ecall market?
The global automotive Ecall market size reached US$ 3,222 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 5,497 Million by 2028, exhibiting a growth rate (CAGR) of 9.50% during 2023-2028.
What is automotive Ecall?
What is automotive Ecall?
Automotive Ecall, short for Emergency Call, is a preeminent technology ingrained in vehicles to augment the safety quotient by alerting emergency services during an accident or other vehicular emergencies. It works on a highly responsive system that automatically initiates a call to the nearest emergency center, conveying critical data, including the vehicle’s location, the time of the accident, and the direction of travel prior to the incident. The system also supports manual triggering, allowing the vehicle’s occupants to call for assistance if required manually. In recent years, this technology has emerged as a lifesaver, ensuring rapid response in critical situations. At present, it is widely adopted by auto manufacturers globally, backed by its integration into regulatory requirements in numerous regions worldwide.
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What are the growth prospects and trends in the automotive Ecall industry?
What are the growth prospects and trends in the automotive Ecall industry?
The global automotive ecall market is primarily driven by the rising concern over road safety and the increasing cases of road accidents. This has prompted regulatory bodies across the world to mandate the inclusion of the Ecall system in vehicles, which is contributing to market growth. Additionally, advancements in communication technologies are supporting the seamless operation of Ecall systems, thereby amplifying their adoption. In line with this, the emerging trend of connected cars and smart vehicles equipped with advanced telematics and the Internet of Things (IoT) is positively influencing market growth. Moreover, the leading automakers are focusing on improving in-car safety features owing to the growing consumer consciousness about vehicular safety and the importance of quick response times in an accident. Along with this, the heightening awareness among the masses is driving demand for vehicles equipped with emergency response systems such as Ecall. Furthermore, various automotive insurance companies recognize the potential of Ecall systems in minimizing the severity of accidents, leading to lesser claim amounts. This has resulted in insurance premium incentives for vehicles equipped with Ecall systems, fueling their adoption. Besides this, the development and integration of artificial intelligence (AI) and machine learning (ML) technologies in automotive systems can enhance the functionality of Ecall systems. Such technological advancements can improve the system’s accuracy in detecting collisions and improve the overall functionality, thereby contributing to market growth. This, coupled with the emerging trend of fleet management services, is also expected to catalyze the demand for Ecall systems. These services require real-time tracking and emergency management systems for large fleets, making Ecall an attractive addition. Other factors, including the advent of next-generation 5G technology with faster data transfer and real-time communication, rising investments in the development of smart cities, and technological innovations, are also providing a positive thrust to the market growth.
What is included in market segmentation?
What is included in market segmentation?
The report has segmented the market into the following categories:
Type Insights:
Automatic eCall System
Manual eCall System
Installation Insights:
Third Party Service (TPS) E-Call
Standard E-Call
Vehicle Type Insights:
Passenger Cars
Commercial Vehicles
Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Middle East and Africa
Who are the key players operating in the industry?
Who are the key players operating in the industry?
The report covers the major market players including:
Robert Bosch GmbH
STMicroelectronics N.V.
Texas Instruments Incorporated
Thales Group
u-blox AG, etc.
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