Automotive eCall Market to Reach 5.22 Million Units Globally by 2025 at 2.86% CAGR | Technavio
NEW YORK, July 7, 2022 /PRNewswire/ -- The "Automotive eCall Market by Technology (standard installation and TPS installation) and Geography (Europe, North America, APAC, South America, and MEA) - Forecast and Analysis 2021-2025" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The automotive eCall market share is expected to increase by 5.22 million units from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 2.86%. Technavio categorizes the automotive eCall market as part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive eCall market during the forecast period.
Automotive ECall Market - Vendor Analysis:
The automotive eCall market is fragmented and the vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market. The automotive eCall market report offers information on several market vendors, including Aptiv Plc, Continental AG, DENSO Corp., Quectel Wireless Solutions Co. Ltd., Robert Bosch GmbH, STMicroelectronics NV, Telit Communications Plc, Texas Instruments Inc., Thales Group, and u-Blox Holding AG among others.
For Instance, Aptiv Plc, the company provides automotive eCall services under this brand name
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Automotive ECall Market - Key Market Dynamics:
Market Driver - The OEM's push to capitalize on unexplored markets of developing countries is a major factor driving the global automotive eCall market share growth. Developing economies, such as China and India, have been posting healthy growth rates in the automotive sector despite the sluggish growth in this sector worldwide. This is due to the rising disposable income and rapid urbanization in these nations. Recently, these countries have demonstrated an increase in the ownership of passenger cars that have in-built telematics systems owing to an increase in the importance of safety features and changing customer preferences.
Market Challenges - The low return on investment for OEMs while establishing standalone eCall system infrastructure will be a major challenge for the global automotive eCall market share growth during the forecast period. The European member states have undertaken many initiatives to lay the foundation for the installation of eCall systems. One such initiative is the ban on telephone roaming charges across member states across Europe. Despite these initiatives, OEMs are still skeptical about the installation of eCall systems as the returns for such systems are low. The revenues generated from eCall systems depend on rare events like accidents.
The automotive eCall market report is segmented by Technology (standard installation and TPS installation) and Geography (Europe, North America, APAC, South America, and MEA).
Regional Analysis: 67% of the market's growth will originate from Europe during the forecast period. Germany, France, Russian Federation, and the UK are the key markets for the automotive eCall market in Europe. Market growth in this region will be faster than the growth of the market in all other regions.
Revenue Generating Segment: The automotive eCall market share growth by the standard installation segment will be significant for revenue generation. Standard eCall systems are based on the emergency calling service provided by a country.
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Get ready to achieve excellent business outcomes from this exclusive Automotive ECall Market report by Technavio. The report will include highlights of the overall market which includes frequently asked questions such as -
What are historical revenue figures and estimated revenue figures as well as CAGR during the forecast timeframe?
What is the current trend taking place in the market space?
Which are business tactics that will influence competitive scenarios along with defining the growth potential of the market?
What are market drivers, restraints, and challenges impacting demand & growth of the market?
Which regions & segments will garner massive revenue and emerge as market leaders in upcoming years?
The competitive scenario provided in the Automotive ECall Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don't wait, Make a strategic approach & boost your business goals with our Automotive ECall Market Forecast Report - Buy Now!
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Automotive ECall Market Scope
Report Coverage
Details
Page number
120
Base year
2020
Forecast period
2021-2025
Growth momentum & CAGR
Accelerate at a CAGR of almost 2.86%
Market growth 2021-2025
5.22 million units
Market structure
Fragmented
YoY growth (%)
2.21
Performing market contribution
Europe at 67%
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Exhibit 76: Texas Instruments Inc. - Business segments
Exhibit 77: Texas Instruments Inc. - Key offerings
Exhibit 78: Texas Instruments Inc. - Segment focus
10.11 Thales Group
Exhibit 79: Thales Group - Overview
Exhibit 80: Thales Group - Business segments
Exhibit 81: Thales Group - Key offerings
Exhibit 82: Thales Group - Segment focus
10.12 u-blox Holding AG
Exhibit 83: u-blox Holding AG - Overview
Exhibit 84: u-blox Holding AG - Business segments
Exhibit 85:u-blox Holding AG - Key news
Exhibit 86: u-blox Holding AG - Key offerings
Exhibit 87: u-blox Holding AG - Segment focus
11 Appendix
11.1 Scope of the report
11.2 Currency conversion rates for US$
Exhibit 88: Currency conversion rates for US$
11.3 Research methodology
Exhibit 89: Research Methodology
Exhibit 90: Validation techniques employed for market sizing
Exhibit 91: Information sources
11.4 List of abbreviations
Exhibit 92: List of abbreviations
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