There are several factors driving the automotive ecall devices market. The primary issue is the rising number of road fatalities and accidents worldwide. The World Health Organization (WHO) reports that the top cause of death for people between the ages of 15 and 29 is motor vehicle accidents. This is a key target demographic for automakers, and thus, there is a growing focus on safety features in vehicles.
Ecall devices are an important safety feature as they can immediately contact emergency services in the event of an accident. This might speed up response times and perhaps even save lives. Ecall devices can also provide information that can be used to upgrade the infrastructure for enhancing traffic safety.
Another factor driving the automotive ecall devices market is the mandating of ecall systems in vehicles by various government bodies. For example, the European Union has mandated that all new vehicles sold in the EU must be equipped with an ecall system from March 2018 onwards. This mandate is expected to drive significant growth in the automotive ecall devices market in Europe over the coming years.
Finally, the increasing adoption of connected cars is also boosting demand for ecall devices. Modern technology in connected cars enables them to talk with other cars and infrastructure, like traffic signals and road signs. This communication can be used to improve road safety by providing real-time information about hazards ahead.
As the number of vehicles on the road continues to increase, so does the need for effective and reliable automotive ecall devices. These devices can help to save lives in the event of a car accident by automatically calling for help and providing vital information to emergency services.
There are several advantages to the Market for Automotive Ecalls Devices.
1. The market offers a place where buyers and sellers can interact and conduct business.
2. It provides a large selection of goods and services, making it simple for customers to find what they require.
3. Purchasers from all over the world can access the market every day of the week, 24 hours a day.
4. The market gives sellers access to a large number of potential clients, boosting their chances of closing a deal.
An automotive eCall is a device installed in a vehicle to automatically call emergency services in the event of an accident. The device is triggered by the deployment of an airbag or by the activation of a manual button. It uses GPS to determine the location of the accident and sends this information, along with the time and date, to the emergency services. There are two types of eCall: G/G (Group/Group) and G/P (Group/Public). G/G systems are used by companies with large fleets of vehicles, such as taxi or delivery firms. These systems send alerts to a central control room, which can then dispatch assistance. G/P systems send alerts directly to emergency services.
The market for automobile eCall devices is anticipated to grow from USD 2202 Million in 2021 to USD 3871.1 Million by 2031, at a CAGR of 8.4%.
The increase in the number of vehicle accidents and the stringent regulations regarding passenger safety are the key factors driving the automotive eCall devices market growth.
One of the major restraining factors for the automotive ecalls devices market is the lack of awareness about these devices. Many people are not aware of these devices and their potential benefits. This is a major challenge for market growth as people need to be aware of these devices in order to purchase them. The expensive cost of these gadgets is another issue limiting the market for automobile ecalls devices. These gadgets can be rather pricey, which might prevent consumers from adopting them. Another challenge facing the automotive ecalls device market is the lack of universal standards. Currently, there is no one set standard for these devices, which makes it difficult for manufacturers to produce compatible products. However, increasing demand will boost the market.
There are a few key players in the automotive ecalls devices market, which include:
-Robert Bosch GmbH
-Verizon Communications Inc.
The majority of the market is made up of the G/G sector.
The G/G segment is predicted to grow at the highest CAGR over the projection period. The increase in demand for passenger automobiles with G/G ecall systems explains this expansion.
The passenger vehicle market will continue to rule.
The passenger car category is predicted to hold the largest market share for automotive ecalls devices over the forecast period. This market's growth is predicted to be fueled by consumer demand for safety features in passenger vehicles.
The market will be ruled by America.
North America is predicted to have the highest CAGR increase during the projection period. The Asia-Pacific region is predicted to have the largest market for vehicle ecall devices during the projection period. The stringent emission norms and regulations in developed countries, such as the United States, Canada, and Germany, are expected to drive the demand for automotive ecall devices in North America. In addition, the increasing adoption of luxury and premium vehicles equipped with advanced safety features in this region is also expected to fuel the growth of the automotive ecall devices market.
Impact & Market Situation of Covid-19
The market for automobile ecalls devices has been significantly impacted by the COVID-19 pandemic epidemic. The decline is primarily due to the decrease in production and sales of vehicles globally as a result of the pandemic. In terms of market status, the automotive ecalls devices market is currently in a state of flux. To achieve a competitive advantage, major players are concentrating on strengthening their position and extending their product portfolio. Over the course of the projected period, it is anticipated that the introduction of new companies would increase market competition.
A Snapshot of the Most Recent Innovations in the Global Automotive Ecalls Devices Market
The installation of eCall devices in all new passenger vehicles sold in the EU starting in April 2021 was mandated by the European Union in 2019. This is anticipated to fuel the market expansion for car eCall devices in Europe.
Automotive Ecalls Devices Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2031||USD 3871.1 Million|
|Growth Rate||CAGR of 8.4% during 2021-2031|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||Continental AG, Visteon Corporation , Robert Bosch GmbH, Denso Corporation, AT&T Inc., Verizon Communications Inc., Telefonica SA|
Key Segment of Global Automotive Ecalls Devices Market
By Type Overview (USD Million)
By Application Overview (USD Million)
• Passenger Vehicle
• Commercial Vehicle
By Region Overview (USD Million)
• Rest of Asia Pacific
• Rest of North America
• Rest of Europe
Middle East and Africa