A recent report published by
Infinium Global Research on automotive eCall market provides an in-depth
analysis of segments and sub-segments in the global as well as regional
automotive eCall market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional automotive eCall
market over the short term as well as long term. The report is a comprehensive
presentation of trends, forecast and dollar values of the global automotive
eCall market. According to the report, the global automotive eCall market is
projected to grow at a CAGR of 10.5% over the forecast period of 2019-2025.
The eCall is the latest safety
feature that contacts the emergency services automatically via call and sending a location in case of serious road accidents anywhere. The eCall device can
automatically dial emergency helpline numbers and wirelessly send airbag
deployment. It also sends impact sensor information which includes the crash
impact, as well as GPS or location coordinates to local emergency agencies. A
minimum required data is sent to the eCall operator such as vehicle
identification, time, eCall status, precise location. To reduce the economic
and life losses caused by road accidents, The European Union had initiated the
eCall service and now made it mandatory. On 28 April 2015, the European
Parliament voted in favor of the European eCall regulation, which came into
effect from 1st April 2018. After this mandatory regulation, all new cars and
light vans have been sold with an in-built eCall system all over the EU. Out of EU
countries, eCall service has been regularized in Turkey in 2018.
Increasing demand for safety
features in automotive vehicles is the major factor driving the automotive
eCall market. The Increasing number of regulatory measures for the installation
of eCall system in automobiles is boosting the automotive eCall market. The
increasing collaboration among nations to share telematics infrastructure is
the factor enhancing the automotive eCall market. The bundling of telematics
services by OEMs is propelling the automotive eCall market. However, the high
cost of establishing standalone eCall system infrastructure remains one of the
major restraints to the automotive eCall market. Also, the hardware needs to be
reconfigured according to the emergency services for that region is the factor
hampering the growth of the automotive eCall market. On the other hand, growing
demand for advanced automotive safety systems from developing regions offer
favorable opportunities for the automotive eCall market.
Geographically, Europe is
dominant in the automotive eCall market. The High adoption rate of innovative
solutions and strategic partnerships are the factors driving the automotive
eCall market in Europe. The Asia Pacific holds the second largest market share
in the automotive eCall market. The increasing number of vehicles is the factor
boosting the automotive eCall market in the Asia Pacific. North America is
expected to grow at the highest CAGR in the forecast period.
The report on the global
automotive eCall market covers segments such as type and application. On the
basis of type, the sub-markets include automatic, and manual button. On the
basis of application, the sub-markets include passenger vehicle, and commercial
vehicle.
The report provides profiles of
the companies in the market such as Robert Bosch GmbH, Continental AG, Valeo
S.A., Aptiv PLC, Magneti Marelli S.p.A., DENSO Corporation, Harman
International Industries, Inc., Telit Communications PLC, LG Electronics Inc.,
Gemalto, and Other Companies.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the automotive eCall market. Moreover, the study highlights current
market trends and provides forecast from 2019-2025. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.
Please Choose One of them.