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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%.
This automotive ecall market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive ecall market segmentations by technology (standard installation and TPS installation) and geography (Europe, North America, APAC, South America, and MEA). The automotive ecall market report also 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.
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The OEM's push to capitalize unexplored market of developing countries is notably driving the automotive ecall market growth, although factors such as may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive ecall industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Automotive ECall Market Driver
The OEM's push to capitalize unexplored market 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. A rising number of road accidents, vehicle thefts, and safety and security issues also propel the market growth for automotive telematics and eCall services. As a result, OEMs have been trying to increase their market shares in the telematics sector by offering eCall as a standard feature in a few models. For instance, Ford launched the EcoSport model in India that provides many smart features, including eCall services. Therefore, increased awareness about telematics systems and increased focus on safety are expected to drive the growth of eCall systems in developing nations.
Key Automotive ECall Market Trend
The development of next-generation telematics protocol is another factor supporting the global automotive eCall market share growth. Next-generation telematics protocol (NGTP) is a technology-neutral protocol or approach for developing telematics solutions. It was introduced by BMW and telematics service vendors like WirelessCar (Volvo Group) and Connexis with an aim to provide a standardized platform for the designing of more flexible and scalable telematics systems. OEMs such as Volvo have already provided an open platform that can be used to develop telematics solutions by different stakeholders. They have unveiled some of the application interfaces from their solutions that can be used by other vendors to develop telematics solutions. They have also employed a strategy wherein solutions for OEMs and dealers are developed in-house, and solutions for customers like insurance and logistics operations are developed in collaboration with third-party vendors. The adoption of NGTP by telematics service providers will help them offer flexible, scalable, robust, and cost-effective telematics solutions to customers, thereby making a useful addition to the current telematics practices in the Indian commercial vehicle telematics market in the future. Due to such reasons, the market will continue to grow in the forecast period.
Key Automotive ECall Market Challenge
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. Installing an eCall system costs around $112. OEMs are still unsure if the installation cost is to be absorbed by them or to be passed on to their customers. As a result, they have started bundling their offerings to absorb the costs involved in the installation of eCall systems. Developing nations such as India and China may also revisit their decisions regarding the installation of eCall systems owing to the heavy investment requirement. As a result, heavy investment requirements from both OEMs and government bodies may act as a deterrent for the installation of eCall systems.
This automotive ecall market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global 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.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the automotive ecall market encompasses successful business strategies deployed by the key vendors. 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.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The automotive ecall market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the automotive ecall market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global automotive components and accessories market includes the following core components:
The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Technology
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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