Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Emergency Notification System in Automobile Market size was valued at USD 2.24 billion in 2024 and is expected to reach USD 4.9 billion by 2037, registering around 6.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of emergency notification system in automobile is assessed at USD 2.36 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.
Emergency Notification System in Automobile Sector: Growth Drivers and Challenges
Growth Drivers
- Growing Incidences of Road Accidents and Death in Road Crashes
- Increasing Adoption of Mass Emergency Notification Systems
Challenges
- Slow Implementation of the Government Policies
- High Initial Investment
Emergency Notification System in Automobile Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
6.20% |
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Base Year Market Size (2024) |
USD 2.24 billion |
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Forecast Year Market Size (2037) |
USD 4.9 billion |
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Regional Scope |
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Emergency Notification System in Automobile Segmentation
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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Customize this ReportEmergency Notification System in Automobile Industry - Regional Synopsis
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 industry is likely to dominate majority revenue share by 2037, 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.
Companies Dominating the Emergency Notification System in Automobile Landscape
- OnStar Corporation
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Ford Motar Company
- Robert Bosch GmbH
- Haas Automation Inc.
- Valeo
- Honeywell International Inc.
- Johnson Controls International Plc.
- Singlewire Software, LLC
- Eaton Corporation Plc.
- Regroup Mass Notification
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.
In the News
Author Credits: Abhishek Verma
- Report ID: 3220
- Published Date: Dec 26, 2024
- Report Format: PDF, PPT
