Automotive e-Call Market Expecting Huge Demand in Upcoming Years with a CAGR of 9.6%, Says SNS Insider

Automotive e-Call Market size is estimated to reach at USD 8.39 Bn by 2030, The adoption rate of governments in terms of technology and the infrastructure is determining the growth of the market in the coming years.  

The demand for vehicle analytics has surged in recent years as the automotive industry undergoes a transformative shift towards smarter, more connected vehicles. This technology provides invaluable insights into vehicle performance, driver behaviour, and overall fleet management.   

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Market Scope:

The market scope of the Automotive e-Call industry is a symphony of technological innovation and safety-driven demand, playing out on a global stage. As the automotive landscape evolves, the harmonious integration of e-Call systems becomes increasingly pivotal. This technology not only offers swift emergency response capabilities in the event of an accident but also ushers in a new era of connectivity and data exchange within vehicles. With the rise of autonomous and electric vehicles, the scope extends beyond traditional safety concerns, encompassing enhanced vehicle-to-vehicle communication, predictive maintenance, and a potential revolution in mobility services.  

Restrain Analysis:

The restraint analysis of the Automotive e-Call Market unveils a complex interplay of factors that both challenge and guide its growth trajectory. While the promise of enhanced safety and connectivity is a driving force, concerns about data privacy and cybersecurity act as potent brakes. The delicate balance between innovation and regulation must be maintained, as the automotive industry hurtles towards a future of autonomous vehicles and smart infrastructure.

Major Participants:

The major participants in the worldwide automotive e-call market are:

Fujitsu, Delphi Automotive PLC (UK), Continental AG, STMicroelectronics, Infineon Technologies AG, Texas Instruments Incorporated, Thales Group, Valeo, Telit Communications PLC (UK), TRL, Aptiv, Robert Bosch GmbH, and U Blox.

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Segmentation Analysis:

The standard e-call is the subsegments which will be holding the largest share. There following reasons can be considered as the major influencing elements. The fact that the standard e-calls are having high cost and high maintenance but the industry experts have claimed the quality which is enhanced by these services brings a new level of experience. Anther factor which is very important here is the feature of calling to emergency services whenever required will obtain the growth for the growth in future.     

Regional Analysis

Europe holds a market share of 40%, making it the leading region in the Automotive eCall market. By 2026, all new cars in the European Union (EU) are required to have eCall systems installed. The European market is expanding as a result of this policy. With a market share of more than 30%, North America is the second-largest market for Automotive eCall. North America's largest market is the United States, followed by Canada. The North American market is expanding because to rising consumer demand for safety features in automobiles.  

Key Takeaways  

The OEMS and auto suppliers should be focusing on the investments done by the government in order to map the attractive of several emerging markets.
The investments are itself the opportunity for the OEMs and suppliers to attract growth in terms of value. As the auto industry is expiring a rough situation and also the global headwinds are making it worse the estimated 2025 will be the recovery phase as declared by the auto industry experts.

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Recent Industry Developments:

In 2022, Bosch announced that it had developed a new eCall system that is compatible with 5G networks. Bosch is also developing new eCall systems that are integrated with other vehicle systems, such as infotainment and telematics systems.
In 2020, Valeo announced that it had developed a new eCall system that is compatible with the European eCall standard. Valeo is also developing new eCall systems that are integrated with other vehicle systems, such as blind spot detection and lane departure warning systems.

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This release was published on openPR.