Emergency Notification System in Automobile Market Share

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.