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
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.
Estimated Market Size in 2020:
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
Tables, Graphs & Figures
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:
Restraining Factors & Market Threats:
On-Highway Vehicles Covered:
• Passenger Cars (PC)
• Commercial Vehicle
Off-Highway Vehicles Covered:
• Agriculture Vehicle
• Construction Vehicle
Engine Types Covered:
• Internal Combustion Engine (ICE)
• Electric Vehicles (EVs)
Vehicle Autonomies Covered:
• Fully Autonomous
Fuels Used Covered:
• Mechanical Process
• Hydraulic Process
• Pneumatic Process
• Hot Stamping
• Cold Stamping
Vehicle Types Covered:
• Mid-Priced Cars
• Luxury Cars
• Economy Cars
• Active Safety
• Passive Safety
• Active Safety System
• Passive Safety System
End Users Covered:
• Original Equipment Manufacturer (OEM)
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
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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