Global Automotive Active Safety System Market is estimated to reach $238.22 billion by 2024; growing at a CAGR of 10.91% between 2016 and 2024. Automotive safety systems are equipment that can be used for avoiding an accident, and at time of event of accident it saves passengers and drivers from getting injured. The major role of active safety system is to avoid the risk of accident.
The global automotive safety systems market is segmented based on vehicle type as the passenger car, light commercial vehicle, and medium & heavy duty commercial vehicle. The largest segment of the market is occupied by the passenger car.This vehicle type is also registered to witness the fastest growth in the coming years due to increasing penetration of safety systems, high demand for active safety systems, and also due to the growing demand for luxury cars and SUVs.
The global automotive safety systems market is secondly segmented based on product type as active safety systems and passive safety systems. The active safety systems market is further segmented as active cruise control, blind spot detection, drowsiness monitoring system, lane departure warning system, head-up display, night vision system, park assist, e-call telematics, tire-pressure-monitoring system, and others. Similarly, the passive safety systems market is also bifurcated into the airbag, seatbelt, steering wheel, electronic control unit, and others. At present Passive safety system has occupied the largest share in the market. Remarkable growth in active safety systems market is majorily driven by rise in demand for advanced safety systems, such as tire-pressure-monitoring system and adaptive cruise control system in all over the world including developing countries, due to high safety demand.
OEM and aftermarket market is likely to account for highest growth rate in this period.The major growth driving factor is due to increase in penetration in the newly-build vehicles across regions. All major automakers have started using active safety systems into some of their vehicles. They all have been in touch with suppliers to develop low cost advanced active safety systems for their mass volume models.
Geographically market is segmented in North America, Europe, Asia-Pacific, and Rest of the World. At present north America holds the position to be the largest active safety systems market during the forecast period whereas Asia-Pacific the largest passive safety systems market in the same period Increasing production of automobiles, increasing passive safety system contents per vehicle, mainly in China and India, and the introduction of more stringent regulations are driving the demand for passive safety systems in the Asia-Pacific region. Similarly, increasing penetration of active safety systems in the North America and Europe to address stringent government regulations regarding passenger safety is likely to drive the active safety systems market in the same period.
Automotive Safety Systems Market: Material Type
Automotive Safety Systems Market : Application
Global Automotive Safety Systems Market: Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Global Automotive Safety Systems Market:
Geographical analysis of Automotive Safety Systems Market:
Automotive Safety Systems Market Report delivers a comprehensive analysis of the following parameters :
Automotive Active Safety System Market Report delivers a comprehensive analysis of the following parameters:
Market Estimates & Forecast from 2023 to 2029
Market Intelligence to consolidate decisions
Market growth drivers, emerging and current market trends
Challenges and Opportunities overview
In-detailed segment & End user/application analysis
Top player Production insight, Revenue (Value), market share, recent developments & future outlook
Supply (Production), Consumption, Export-Import analysis
Covid 19 impact & sustainability strategies in a post-pandemic market
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW
Automotive Active Safety System Market report considers 2021 as the base year.
Automotive Active Safety System Market report considers data for period 2016 to 2021 as the historical data to predict market forecast between 2022 to 2029.
Yes, report is inclusive in-detailed analysis of key players in Automotive Active Safety System Market
Automotive Active Safety System Market Study is broadly divided into North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW. Also these regions are further analysed as per various countries
Automotive Active Safety System Market Report includes Market Segmentation, Regional outlook, Application Analysis, Competitive analysis, Supply-Demand Analysis, Pricing insight.
Yes, the report includes COVID 19 impact on the market.
High Data Accuracy
Precise research methodology, numerous analysis models & up to date data resources to achieve the most accurate market values.
We can tailor the report as per your requirements & budget, Most of our clients prefer custom reports.
We have quality market data for all types of budgets & so now get the best out of your market research budget.
Be assured regarding satisfactory analyst support & understand the research report in-detailed.