Automotive Emergency Call System Market Definition
The global automotive emergency call system market is expected to grow at a slow pace during the forecast period, according to the AMA study. The growing demand for connected technologies in the automotive industry, increasing demand from growing fleet of autonomous fleet, and rising global electric vehicle fleet & production are some of the major factors aiding into the growth for te market. However, the market is expected to witness a slight decline in the growth during the next few years but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
The market study is broken down, by Application (Passenger Cars and Commercial Vehicles) and major geographies with country level splits.
The vendors in this market are majorly focusing on development of new & innovative products & solutions to cater to market's demand to remain competitive in the global market. Research Analyst at AMA estimates that Germany Players will contribute to the maximum growth of Global Automotive Emergency Call System market throughout the predicted period.
Continental AG (Germany), STMicroelectronics (Switzerland), Texas Instruments Incorporated (United States), GEMALTO N.V. (Netherlands), TRL (United Kingdom), Aptiv (Dublin), Robert Bosch GmbH (Germany), Telit (London), ublox (Zurich), Rohde Schwarz (Germany) and Keysight Technologies (United States) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Automotive Emergency Call System market by Type, Application and Region.
On the basis of geography, the market of Automotive Emergency Call System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. OEMs will boost the Automotive Emergency Call System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Satellite Communication Call will boost the Automotive Emergency Call System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware will boost the Automotive Emergency Call System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In April 2020, Thales Group announced that it has completed the acquisition of GEMALTO (Euronext Amsterdam and Paris: GTO) which led Thales to become one of the global leaders in indentity & security.
Stringent Government Regulations Regarding the Shutting Down of Production & Development of Automotive Vehicles & Components Along with Lock Down at Different Regions Leading to Reduced Usage of Vehicles & Demand for Automatic Emergency Calling
- Growing Concerns Regarding Safety & Security of Passengers Travelling in the Vehicle
- The Growing Demand for Connected Technologies in Automotive Industry
- Increasing Demand from Growing Fleet of Autonomous Vehicles
- Rising Global Electric Vehicle Fleet & Production
- The Outbreak of COVID-19 Pandemic is One of the Major Factors Impacting the Overall Automotive Industry by Creating a Economic Crisis with Huge Losses to the Industry
- Lack of Connected Vehicles Infrastructure Worldwide
Analyst ViewNorth America region dominated the global automatic emergency call system market due to high deployment of connected & digital technologies across the automotive industry which is one of the major drivers for North American automatic emergency call system market.
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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