Emergency Notification System in Automobile Market size was valued at USD 2.11 billion in 2023 and is expected to exceed USD 4.61 billion by 2036, expanding at over 6.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of emergency notification system in automobile is assessed at USD 2.21 billion.
The growth of the emergency notification system in automobile market can be attributed to the increasing concerns amongst the governments of various countries, regarding road safety, backed by increasing incidences of road accidents. As per the statistics presented by the World Health Organization, 1.3 million people die every year in road crashes. Installation of emergency notification systems in automobiles can reduce the time taken for dispatching medical help in cases of emergencies, which will reduce the number of casualties of road crashes. Moreover, increasing adoption of mass notification systems in developed countries, is estimated to boost the emergency notification system in automobile market growth over the years. In fact, many countries have made it mandatory to have an inbuilt emergency notification system in domestically manufactured vehicles. For instance, in the countries of the European Union, Automatic Crash Notification (eCall) is being developed as mandatory systems in all commercial and passenger cars, owing to the increasing number of accidents in the region. According to the European Road Safety Observatory (ERSO), 3288 fatalities were caused in 2018, due to crashes involving heavy goods vehicles, which accounted to 14.5% of all road accident deaths.
Growth Drivers
Challenges
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2023 |
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Forecast Year |
2024–2036 |
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CAGR |
6.2% |
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Base Year Market Size (2023) |
USD 2.11 billion |
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Forecast Year Market Size (2036) |
USD 4.61 billion |
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Regional Scope |
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The emergency notification system in automobile market is segmented by deployment type into on-premise and cloud-based notification systems, out of which, the cloud-based segment is anticipated to hold a notable share in the market during the forecast period as it can save time and provide multi-channel communication. Furthermore, increasing use of cloud servers by the end users, is another factor driving the growth of this segment.
Our in-depth analysis of the global emergency notification system in automobile market includes the following segments:
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Deployment Type |
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Application |
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Regionally, the emergency notification system in automobile market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Europe is likely to account for largest revenue share by 2036, on the back of various government initiatives to mandate the use of emergency notification systems in vehicles manufactured in the region. This is expected to boost the demand for these systems amongst the automobile manufacturers, which, in turn, is anticipated to drive the market growth in the region.
The emergency notification system in automobile market in the North America region is estimated to witness significant CAGR over the forecast period, owing to the high production of automobiles in the region, along with increasing cases of road crashes. In the U.S., over 200 million vehicles were actively used daily, as of 2018, out of which around 10 million were involved in a road accident within the year. The high number of road crashes has given rise to the importance of emergency notification systems in vehicles, which is estimated to act as a major growth factor for the regional market.
The concept of emergency notification systems in automobile is still in developmental stage, with various automotive companies joining hands with the developers of mass emergency notification systems, to develop cars with in-built notification systems. Moreover, with the supportive policies of the governments, and the rapid ongoing advancements in the field, it is expected that within the next few years, several players who are into developing automotive electrical equipment would participate in manufacturing these systems.
Author Credits: Abhishek Verma
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