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The global automotive eCall market size stood at USD 1.16 billion in 2022. The market value is slated to rise from USD 1.33 billion in 2023 to USD 2.68 billion by 2030 at a CAGR of 10.53% during 2023-2030. The market expansion is on account of the growing endeavor of industry players to introduce next generation solutions. Several companies are consolidating their efforts toward the integration of 4G and 5G technology for data transmission and improving the quality of their solutions.
Fortune Business Insights™ presents this information in its report titled “Automotive eCall Market Size, Share & COVID-19 Impact Analysis, By Trigger Type (Manually Initiated eCall (MIeC) and Automatically Initiated eCall (AIeC)), By Vehicle Type (Passenger Cars and Commercial Vehicles), By Propulsion Type (IC Engine and Electric), and Regional Forecasts, 2023-2030”.
Temporary Closure of Manufacturing Units Affected Industry Expansion amid Coronavirus Pandemic
The pandemic period recorded a greater emphasis on the maintenance of social distancing by several government and private organizations. The governments of various countries enforced lockdown restrictions. This led to the temporary closure of manufacturing plants, affecting industry expansion to a considerable extent.
Anritsu Enters into a Collaboration with Honda to Support Japan eCall/UN-R144 Compliance Testing
In October 2022, Anritsu Corporation entered a partnership with Honda Motor Co., Ltd. The company announced that the MD8475B Signaling Tester secured Japan-standard eCall in-vehicle AECS type approval test for complying with UN-R144. The platform supports 2G to 4G RAT (Radio Access Technology) simulation for providing a compliance test environment for automobile use cases, including V2X, infotainment, and telematics.
Enforcement of Favorable Government Policies to Propel Market Expansion
The automotive eCall market growth is being propelled by the growing formulation of favorable policies by the governments of various countries. Besides, governments are also investing in promoting the adoption of technologically advanced systems for the development of safety features in vehicles.
However, the industry growth could be hampered by the increasing issues related to the jamming of satellite signals.
To get a detailed report summary and research scope of this market, click here:
https://www.fortunebusinessinsights.com/automotive-ecall-market-102047
Key Industry Players Undertake Strategic Initiatives to Strengthen Industry Position
Various strategies are being formulated and implemented by leading industry players for strengthening their industry footings. These included the development and launch of new products. Additional steps include partnership agreements, mergers, and acquisitions.
Key Players Profiled:
Notable Industry Development
Further Report Findings
Table of Segmentation
|
ATTRIBUTE |
DETAILS |
|
Study Period |
2019-2030 |
|
Base Year |
2022 |
|
Estimated Year |
2023 |
|
Forecast Period |
2023-2030 |
|
Historical Period |
2019-2021 |
|
Growth Rate |
CAGR of 10.53% from 2023 to 2030 |
|
Unit |
Value (USD Billion) |
|
Segmentation |
By Trigger Type
|
|
By Vehicle Type
|
|
|
By Propulsion Type
|
|
|
By Geography
|