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COVID-19 Impact on Global Automotive Emergency Calling Market By Application (Passenger Car and Commercial Vehicle); By Type (Automatic Emergency Call and Manual Emergency Call); and Region -Analysis of Market Size, Share and Trends for 2014 -2020 and Forecasts to 2030
Emergency call systems allow passengers to alert crash emergency services through a manual trigger or automated crash installation; they are becoming increasingly popular for automobile manufacturers to both comply with regulatory legislation and increase the peace of mind of customers. Automotive emergency call systems include an automated voice response that will be provided by an auto call on an emergency number to an emergency service provider. An automatic call is created in response to airbag deployment in vehicles, a vehicle accident, or a breakdown of vehicles. Furthermore, additional information including vehicle geo-coordinates, vehicle type, and vehicle diagnostic information is sent via SMS via existing contact to emergency service providers including medical, ambulance, and car service centers. This, in turn, helps the responsible organizations to send required assistance to the vehicle crash site. This system is intended to minimize both the number of deaths and the number of injuries sustained in road accidents by an early warning from the public rescue services. The ambulance system immediately calls for help in situations where the passengers are wounded or stuck in the car and no eyewitnesses are present, or where people involved in an accident do not know the public safety services' local telephone number.
Global Automotive Emergency Calling Market size was registered at USD XX billion in 2020 and is estimated to reach USD XX billion by 2030, registering a CAGR of XX% from 2020 to 2030. Growing customer demand for safety services pushes manufacturers to add e-Call systems or emergency call systems in their cars, which in turn boosts the global automotive emergency call system sector. Strict regulations and vehicle standards enacted by government vehicle safety organizations also prompt automakers to install emergency call systems in their vehicles to automatically alert first responder services whenever an accident or car breakdown occurs. Enhanced quality of emergency services and timely response by the appropriate organizations enable service vehicles to reach the intended location and aid drivers or passengers who need assistance in the event of a car accident or car breakdown on time, avoiding any possible casualties.
Global Automotive Emergency Calling Market Opportunity Analysis
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Source: Fatpos Global
Global Automotive Emergency Calling Market is segmented based on type, application, and region.
By Application (in %), In-vehicle Emergency Calling Market, 2020
The passenger segment to grow with the highest CAGR of XX% during 2020-2030
By application, it can be classified into passenger car and commercial vehicle segments. The passenger car segment dominated the market due to the high demand for passenger cars and the emergence of new auto-manufacturers in the world.
By Type (in %), In-vehicle Emergency Calling Market, 2020
The automatic emergency call segment to grow with the highest CAGR of XX% during 2020-2030
By type, the market is segmented into the automatic emergency call and manual emergency call. In most situations, the trigger mechanism for an automatic call would be airbag inflation, or an accelerometer signal showing an acceleration value for the vehicle involved with an accident. The whole system needs to be flexible enough to be able to answer emergency calls after an accident. This system is intended to minimize both the number of deaths and the number of injuries sustained in road accidents by an early warning from the public rescue services. Thus, it is expected to dominate the segment demand in the automotive emergency calling market.
Automotive Emergency Calling Market Dynamics:
Technological advancements and higher per-capita automotive spending to increase growth
Growing customer demand for safety services pushes manufacturers to add e-Call systems or emergency call systems in their cars, which in turn boosts the global automotive emergency call system sector. Strict regulations and vehicle standards enacted by government vehicle safety organizations also prompt automakers to install emergency call systems in their vehicles to automatically alert first responder services whenever an accident or car breakdown occurs. Enhanced quality of emergency services and timely response by the appropriate organizations enable service vehicles to reach the intended location and aid drivers or passengers who need assistance in the event of a car accident or car breakdown on time, avoiding any possible casualties.
High installation cost and rising vehicle prices to hamper the market growth
High costs for installation of e-call software as well as the rise in prices of vehicles to act as restraining factors in the market. Additionally, the high cost incurred during the designing and testing of the system is also likely to hamper the market.
Automotive Emergency Calling Market: Regions
In terms of value and volume, Europe and APAC accounted for XX% of total market volume share in 2020
In Europe, increased installation of e-Call systems in vehicles is driving the automotive emergency call system market in the area due to government legislation and organizations, including the European Commission. For example, the European Commission has ordered all automakers to install e-Call systems from 2018 on in new cars and vans. Also, the growing trend of joint projects between automakers and organizations providing emergency services is propelling the European automotive emergency call system market. APAC is likely to dominate the segment during the forecasted period due to the emergence of new opportunities, improvements in automotive and rising disposable income, and economic growth in the developing countries of the region.
The region segment can be further divided into five major types including North America, Latin America, Europe, APAC, and MENA.
Source: Fatpos Global
Global Automotive Emergency Calling Market is further segmented by region into:
Automotive Emergency Calling Market: Impact of COVID-19
Global pandemic COVID-19 has become global stress, not just for human lives, but also for industries across different industry verticals. The COVID-19 disease has infected several million people globally, with an increasing number of active cases daily, the duration of the pandemic is still difficult to predict. In the space of only a few months, there has been a major decrease in vehicle sales, leading to shutdowns across regions as well as volatility in oil prices. Renowned car OEMs is pursuing various strategies to minimize the pandemic's detrimental effect on their companies by reviewing their dealerships to restore services. In the automotive sector, the short-term effect of COVID-19 has led to the shutdown of assembly plants in the United States, manufacturing interruptions across Europe, and cessation of exports of Chinese parts, in the face of the lockdown situation. On the bright side, the automotive industry will remain strong until a COVID-19 breakthrough is achieved, thanks to ongoing attempts by leading companies to curb sales losses through the implementation of turnaround strategies such as fusions and acquisitions and more. Despite the major impact the novel coronavirus has on the automotive industry, online vehicle sales may emerge as one of the growth boosters in the market.
New technological advancements in technology, as well as large production output of the product by key players, are likely to increase the market growth of the automotive emergency calling market. Moreover, the growing security and safety concerns among individuals and New Car Assessment Programs launched by companies around the globe are other factors that are fueling the market demand.
Automotive Emergency Calling Market: Key players
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