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Automotive Safety System Market

Automotive Safety System Market Forecasts to 2028 – Global Analysis By Product (Active Safety, Passive Safety), Technology (Active, Passive), End User (Original Equipment Manufacturer (OEM), Aftermarket) and By Geography

4.1 (98 reviews)
Published: June 2021 ID: SMRC20614
4.1 (98 reviews)
Published: June 2021 ID: SMRC20614

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Automotive Safety System market is accounted for $110.32 billion in 2020 and is expected to reach $261.66 billion by 2028 growing at a CAGR of 11.4% during the forecast period. Government regulations pertaining to vehicle safety, rise in the demand for a safe, efficient, and convenient driving experience and increasing demand for luxury cars are the major factors driving the market growth. However, software failures in applications are restraining the market growth.

The automotive safety systems are the vehicle technology assisting in preventing and minimizing the collision injury. The safety systems include headrest and seatbelts that helps to hold the occupant in place during collision and minimize the chances of injury.

Based on end user, the original equipment manufacturer (OEM) segment is estimated to have a lucrative growth due to increasing penetration in the newly-build vehicles across regions. All major automakers have started using active safety systems into some of their vehicles. By geography, Asia Pacific is going to have high growth during forecast period due to increasing production of automobiles, increasing passive safety system contents per vehicle, mainly in China and India.

Some of the key players profiled in the Automotive Safety System Market include Autoliv, Bendix Commercial Vehicle Systems LLC, BMW, BYD Auto Co. Ltd, Continental AG, Delphi Automotive, Hella Electronics Corp, Infineon Technologies, Magna International, Mando, Robert Bosch GmbH, Toyoda Gosei Co., WABCO Vehicle Control System and ZF Friedrichshafen AG.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 110.32billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

11.4%

Predicted 2028 Value:

USD 261.66billion

Forecast Years:

2021-2028

Tables, Graphs & Figures

302

Chapters Covered:

Offering, On-Highway Vehicle, Off-Highway Vehicle, Engine Type, Vehicle Autonomy, Fuel Used, Process, Stamping, Vehicle Type, Product, Technology, End User and Region

Core Drivers and Opportunities:

  • Government regulations pertaining to vehicle safety
  • Rise in the demand for a safe, efficient, and convenient driving experience
  • Increasing demand for luxury cars

Restraining Factors & Market Threats:

  • Software failures in applications
  • Complex & expensive features


Offerings Covered:
• Hardware
• Software

On-Highway Vehicles Covered:
• Passenger Cars (PC)
• Commercial Vehicle
• Buses
• Trucks
 
Off-Highway Vehicles Covered:
• Agriculture Vehicle
• Construction Vehicle

Engine Types Covered:
• Internal Combustion Engine (ICE)
• Electric Vehicles (EVs)

Vehicle Autonomies Covered:
• Non-Autonomous
• Semi-Autonomous
• Fully Autonomous

Fuels Used Covered:
• Petrol
• Diesel

Processes Covered:
• Mechanical Process
• Hydraulic Process
• Pneumatic Process
 
Stampings Covered:
• Hot Stamping
• Cold Stamping

Vehicle Types Covered:
• Mid-Priced Cars
• Luxury Cars
• Economy Cars

Products Covered:
• Active Safety
• Passive Safety

Technologies Covered:
• Active Safety System
• Passive Safety System

End Users Covered:
• Original Equipment Manufacturer (OEM)
• Aftermarket

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Automotive Safety System Market is majorly driven by government regulations pertaining to vehicle safety, rise in the demand for a safe, efficient, and convenient driving experience and increasing demand for luxury cars.

The active safety systems segment is growing at a highest CAGR owing to increasing demand for luxury vehicles and growing trend towards autonomous vehicles.

North America dominated with a significant market share due to the factors such as new-generation passenger cars being equipped with adaptive cruise control (ACC) and blind-spot detection (BSD), as standard features and presence of major players in the market.

Asia Pacific market is growing at a highest CAGR owing to the rise in GDP and the population of these countries, resulting in improved lifestyle, increased purchasing power of consumers, and development of infrastructure.

Key players in Automotive Safety System Market include Autoliv, Bendix Commercial Vehicle Systems LLC, BMW, BYD Auto Co. Ltd, Continental AG, Delphi Automotive, Hella Electronics Corp, Infineon Technologies, Magna International, Mando, Robert Bosch GmbH, Toyoda Gosei Co., WABCO Vehicle Control System and ZF Friedrichshafen AG.

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