Automotive Active Safety System Industry Overview:
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 industry is projected to register approximately 10.65% CAGR throughout the review period (2017 to 2023). Stringent government regulations for light vehicle active safety are the current global industry trends.
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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.
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. And more.
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.
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).
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Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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Automotive Safety System Market Report Information by Active Technology (ESC, LDW, ABS, BSD, TPMS, EBD), by Passive Technology (Pedestrian, Whiplash Protection, Airbag), by Fuel Used (Petrol, Diesel, EV, HEV), by Offering (Software, Hardware), by Vehicle Type (Passenger, LCV and HCV), and by Region - Global Forecast to 2023.
The need for automotive safety system in automobiles arises from the huge and positive technological development in the automotive sector.
However, chances for mishaps increase radically with such high powered cars, thus, highlighting the need for implementing adequate life saving measures.
Secondly, automotive consumers have become more aware of road safety measures that should be incorporated.
The global automotive safety system market is estimated to grow at a CAGR of approx.
These technologies work real time with the vehicle, engine, and the Central Electronic Processing Unit (CEPU) to constantly create and update the database for crucial parameters of the vehicle.
Global Automotive Active Safety System Market was valued at USD 46.67 billion in 2021and is expected to reach USD 131.73 billion by the year 2027, at a CAGR of 16.14%.Automotive active safety systems are developed to provide safety to the customer and make the experience better.
This system includes automated lighting, adaptive cruise control, automate braking, incorporate traffic warnings, connect to smartphones, alerting the driver about the blind spots and other dangers etc.
Major active safety system manufacturers also have to enter into strategic alliances with local dealers and automotive manufacturers to compensate for rules & regulations about doing business in certain countries.This report presents a detailed analysis of the Automotive Active Safety System Market consumption trends globally, historic, and forecasts consumption volumes and values at the market and category level.
It also provides indispensable data on brand share, distribution channels, profiles of companies active in the global Automotive Active Safety System market along with the latest industry news, in addition to mergers and acquisitions.
This allows domestic and foreign companies to identify the market dynamics to account for sales overall and to know which categories and segments are showing growth in the coming years.To have a snippet of the report, request Report Sample @:https://introspectivemarketresearch.com/request/3548 Leading companies reviewed in the Automotive Active Safety System Market report are:Bosch, Continental, Delphi, ZF Friedrichshafen, Autoliv,Takata,Bendix CVS,FLIR Systems,Hella,Hyundai Mobis,Infineon Technologies,Toyoda Gosei,Freescale Semiconductor,Navteq,Valeo The growing vehicle fleet and the consequent rise in the focus on vehicle safety are the key factors driving the demand for automotive active safety systems.
As a rise in the number of vehicles leads to an increase in the risk of road fatalities, the governing authorities in both the developed and developing regions are introducing stringent regulations for enhancing road safety.
The automotive active safety system market is growing at a rapid pace across the globe.
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% CAGR throughout the review period (2017 to 2023).
Stringent government regulations for light vehicle active safety are the current global industry trends.Get Sample Report Here@ https://www.marketresearchfuture.com/sample_request/5469 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.
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.Automotive Active Safety System Market – SegmentationsThe 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.If you need any specific requirement Ask to our Expert @ https://www.marketresearchfuture.com/enquiry/5469 Global Automotive Active Safety System Market – Regional Analysis North America dominates the global automotive active safety systems.
Besides, the increasing vehicle production and growing demand for automotive safety features drive the regional market.
