Press release
Global Automotive eCall Market Poised to Surge from USD 1.33 Billion in 2023 to USD 3.15 Billion by 2032, Amid Rising Safety Concerns and Regulatory Measures
The recently published report by Dataintelo reveals that the global Automotive Ecalls market, valued at USD 1.33 billion in 2023, is projected to surge to USD 3.15 billion by 2032 at a CAGR of 10.53% from 2024 to 2032. This significant growth is primarily driven by the escalating safety concerns among consumers and regulatory bodies worldwide.eCall, an automated system that directly contacts emergency services in the event of a severe road accident, is particularly boosting the market growth. The system sends the vehicle's precise location to emergency services, making it of vital importance even if occupants are unable to make a direct phone call. The rising implementation of this life-saving technology is evident in its increasing prevalence in vehicles around the globe.
The system's ability to drastically reduce the response time of emergency services has the potential to save lives and reduce injury severity, making it an indispensable feature of modern vehicles. These factors are mobilizing the accelerated growth of the automotive eCalls market, as outlined in Dataintelo's report
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐๐ซ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ @ https://dataintelo.com/request-sample/113882
๐๐ก๐ข๐ฌ ๐ข๐ฌ ๐จ๐ง๐ ๐จ๐ ๐ญ๐ก๐ ๐ฆ๐จ๐ฌ๐ญ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ง๐ ๐๐จ๐ฏ๐๐ซ ๐ญ๐ก๐ ๐๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐ฌ:
The automotive eCalls market has been segmented on the basis of๐๐ฒ๐ฉ๐
โ Automatically Initiated eCall
โ Manually Initiated eCall
๐๐ซ๐จ๐ฉ๐ฎ๐ฅ๐ฌ๐ข๐จ๐ง ๐๐ฒ๐ฉ๐
โ Electric
โ IC Engine
๐๐ง๐ฌ๐ญ๐๐ฅ๐ฅ๐๐ญ๐ข๐จ๐ง
โ Standard eCall
โ Third-party Service eCall
๐๐๐ก๐ข๐๐ฅ๐ ๐๐ฒ๐ฉ๐
โ Passenger Cars
โ Commercial Vehicles
๐๐๐ ๐ข๐จ๐ง
โ Asia Pacific
โ North America
โ Latin America
โ Europe
โ Middle East & Africa
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
โ Continental AG
โ Infineon Technologies AG
โ Robert Bosch GmbH
โ ๐๐๐๐ข๐๐ซ๐จ๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐๐ฌ
โ Telit Cinterion
โ Texas Instruments Incorporated
โ Thales
โ u-blox
โ Valeo
โ Visteon Corporation
The market of automotive eCalls is analyzed according to various categories, which include the type, propulsion type, installation, vehicle type, and key players. There are mainly two types of eCalls - automatically initiated and manually initiated. The automatic eCall systems are typically triggered by vehicular accidents while the manual ones need human intervention. The propulsion type is further split into electric and IC Engine eCalls, with the former seeing increased prominence due to the rise of electric vehicles globally. Installation-wise, the market is divided into standard eCall systems, which come pre-installed in vehicles by manufacturers, and third-party service eCalls, which are typically aftermarket additions. Lastly, vehicle type analyses cover passenger cars and commercial vehicles, where the increasing safety measures would require much more implementation of the eCall system.
On a regional basis, the market analysis covers Asia Pacific, North America, Latin America, Europe, and Middle East & Africa (MEA). Growth in Europe is extensively driven by regulations mandating the installation of eCall systems in all new cars while the North American market is fuelled by a strong presence of luxury cars with pre-embedded eCall systems. In Asia Pacific, rapid urbanization along with growing purchasing power exhibits potential for significant market growth. Latin America and MEA markets, on the other hand, are anticipated to showcase steady growth due to rising market trends in automotive safety. Among key players in this market, we have top-level firms like Continental AG, Infineon Technologies AG, Robert Bosch GmbH, and STMicroelectronics. Other key players in the market include Telit Cinterion, Texas Instruments Incorporated, Thales, u-blox, Valeo, and Visteon Corporation. The competitive landscape, marked by these giants, makes this market a fascinating study in both technology and marketing strategies
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐๐ซ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ @ https://dataintelo.com/request-sample/113882
Market Drivers for Automotive Ecalls Market:
1. Increasing concern for road safety: The rising number of road accidents worldwide has led to an increased focus on automobile safety, driving the demand for automotive e-call systems.
2. Government Regulations: Several governments around the world are mandating the use of e-call systems in vehicles. For instance, the European Union has made it mandatory for all new cars to have an e-call system.
3. Technological advancements: Advancements in technology have led to the development of more sophisticated e-call systems that can provide more accurate and timely information, thereby driving their adoption.
4. Demand for luxury vehicles: Luxury vehicle manufacturers are increasingly incorporating state-of-the-art safety features, including e-call systems, in their vehicles to differentiate their products.
Opportunities for Automotive Ecalls Market:
1. Emerging markets: Emerging economies, such as India, China, and Brazil, are likely to present immense growth opportunities for the e-call systems market.
2. Integration with other safety systems: There is an opportunity for e-call systems to be integrated with other safety systems within vehicles for enhanced safety.
3. Advent of autonomous vehicles: The advent of autonomous vehicles, which rely heavily on technology for navigation and safety, presents a significant opportunity for the growth of the automotive e-call market.
4. Increase in consumer awareness: An increase in consumer awareness about the benefits of automotive e-call systems can lead to their increased adoption
๐๐จ๐ฎ ๐๐๐ง ๐๐ข๐ซ๐๐๐ญ๐ฅ๐ฒ ๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ซ๐จ๐ฆ: https://dataintelo.com/checkout/113882
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