IN-VEHICLE EMERGENCY CALLING SYSTEM MARKET ANALYSIS

In-vehicle Emergency Calling System MarketSize and Trends

Government agencies across the globe are focusing on introducing strict policies in regards to installation of in-vehicle emergency calling systems across all the passenger and commercial vehicles to enhance the security of the passengers as well as the driver. This factor is expected to drive demand for in-vehicle emergency calling system during the forecast period (2019-27). For instance, the European Union has mandated the deployment of in-vehicle emergency calling system for all new cars and light trucks manufactured after March 2018; the European Union also plans to achieve 100% penetration of in-vehicle emergency calling system across all the vehicles in the EU before 2035.

Furthermore, growing safety and security concerns among the people have also positively impacted the market growth. Use this system can summon rapid assistance during road incidents by sharing the live location of the vehicle and can also reduce the fatalities, related injuries, and property loss caused during such accidents. For instance, according to the World Health Organization, in 2018, around 1.35 million people died as a result of road traffic crashes and around 20-50 million are injured or disabled. These statistics have led governments to focus on installation of in-vehicle emergency calling systems in the vehicles, which in turn could be a major driver for the market.