Automotive Active Safety System Market is predicted to grow at approximately CAGR of 10.65% by Forecast period.
The Automotive Active Safety System Market is growing at a rapid pace across the globe. The market growth attributes to the rising demand for increased vehicle safety and enhanced driving experience. Besides, the rising rate of road collisions and accidents that often turn into fatal ones creates a vast demand for active safety features such as automated lighting, automatic braking, and adaptive cruise control.
Moreover, the proliferation of smartphones and smart connected devices that incorporate traffic warnings escalate market growth. According to Market Research Future (MRFR), the global automotive active safety system market is projected to register approximately 10.65?GR throughout the review period (2017 to 2023). Stringent government regulations for light vehicle active safety are the current global industry trends.
Advances in automotive safety technology and the causal role these upgrades play in collision avoidance and mitigating the risk of an accident influence the growth of the market. Additionally, the growing production of luxury & sports cars and passenger & commercial vehicles boosts market growth, generating a huge demand for active safety systems.
The increased emphasis on driver safety encourages many OEMs to develop parts to guide the driver using the latest safety technologies and provide high strength.
On the flip side, high capital investments required for initial setup is a major factor projected to impede the market growth. Nevertheless, augmenting demand for safety technologies and the increasing unit sale worldwide would support the market growth, increasing the uptake of active safety systems in the vehicles.
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Major Players
Players leading the automotive active safety system market are Continental (Germany), Delphi Technologies (UK), Bosch (Germany), Autoliv (Sweden), Hyundai Mobis (South Korea), ZF Friedrichshafen (Germany), DENSO (Japan), Magna International (Canada), Valeo (France), Infineon Technologies (Germany), Ficosa International SA (Spain), FLIR Systems (US), Borg Warner Inc.(US), CAx software (India), and PSA Peugeot Citroen (France)
Automotive Active Safety System Market – Segmentations
The report is segmented into four dynamics;
By-Products: Lane Departure Warning, Tyre-Pressure Monitoring System, Adaptive Cruise Control, Driver Monitoring, Night Vision System, Anti-Lock Braking System, Blind Spot Detection system, and others.
By Occupant Types: Driver, Passenger, Pedestrian, and Child.
By Vehicle Types: Passenger Cars and Commercial Vehicles.
By Regions: Americas, Europe, APAC, and Rest-of-the-World.
Global Automotive Active Safety System Market – Regional Analysis
North America dominates the global automotive active safety systems. The largest market share attributes to substantial technological advances and their uptake in developing active safety systems. Besides, the increasing vehicle production and growing demand for automotive safety features drive the regional market. Moreover, the well-established automobile industry in this region creates significant opportunities for the automotive active safety system market.
Europe stands second in the global automotive active safety systems. The market growth is driven by the growing passenger car markets in Germany, the UK, France, and Italy. Europe is the world’s largest hub for automotive research and innovation, which, alongside the resurging economy in the region, increases the automotive active safety system market size.
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Additionally, backed by enormous investments and upgrades in related technologies, the UK and Germany account for significant shares in the regional market.
The Asia Pacific automotive active safety systems market is rapidly emerging as a promising market globally. Factors such as the increasing passenger and commercial vehicle production and advances in safety technologies in the region influence the market’s growth.
Furthermore, the presence of several system manufacturers and increasing use of safety technology for driver’s safety impact the market growth positively. The increasing population and urbanization led by improving economic conditions in the region boost market growth.
Automotive Active Safety System Market – Competitive Landscape
Highly competitive, the automotive active safety system market appears to be fragmented due to the presence of several well-established players. To gain a larger competitive share, players adopt strategies such as mergers & acquisitions, innovation, and brand reinforcement.
Technology providers strive to develop low-cost, compact systems and improved hardware. Automakers, auto component suppliers, and OEMs are focusing on the development of advanced active safety systems to be at the front of the competition. They also try to provide after-sales services to the end-users.
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Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
5 Global Automotive Active Safety System Market, By Product
5.1 Introduction
5.2 Tyre-Pressure Monitoring System
5.2.1 Market Estimates & Forecast, 2017-2027
5.2.2 Market Estimates & Forecast By Region, 2017-2027
5.3 Lane Departure Warning
Continued………
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