Product ID: UCMIG25A2036
Automotive eCall Market Size, Share, Growth Analysis, By Type(Automatic, Manual), By Vehicle Type(Passenger Cars, Commercial Vehicles), By Regions(North America, Europe) - Industry Forecast 2024-2031
Report ID:
UCMIG25A2036 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Automotive eCall Market Insights
Market Overview:
In 2020, the size of the worldwide automotive eCall market was USD 3.65 billion, and it is expected to grow to USD 7.44 billion in 2028, with a compound annual growth rate (CAGR) of 9.8% during the 2021-2028 period. However, the COVID-19 pandemic had a significant negative impact on the demand for the automotive emergency call system in all regions. According to our analysis, the global market declined by 4.1% in 2020 compared to the average year-on-year growth between 2017 and 2019. Despite the pandemic, the market is expected to return to pre-pandemic levels due to the demand and growth of this market, resulting in an increase in CAGR.
Automotive eCall Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Auto Parts & Equipment by segment aggregation, the contribution of the Auto Parts & Equipment in Automobiles & Components and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Automotive eCall Market Report Snapshots
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