Global Automotive Safety System Market, By Technology (Active Safety System and Passive Safety System), On-highway Vehicle (Passenger Cars, Light Commercial Vehicle (LCV), Buses, Trucks), Off-highway Vehicle (Agriculture Vehicle, Construction Vehicle), Electric Vehicle (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV)), Offering (Hardware, Software), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Automotive Safety System Market
The automotive safety system market is expected to witness market growth at a rate of 13.86% in the forecast period of 2021 to 2028. Data Bridge Market Research report on automotive safety system market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
The vehicle safety systems are the vehicle technology supporting in the preventing and lessening of the collision injury. The safety systems contain seatbelts and headrest that supports to hold the occupant in place during collision and minimize the chances of injury.
Major factors that are expected to boost the growth of the automotive safety system market in the forecast period are the government guidelines that are related to the vehicle safety, the upsurge in the demand for a safe, effective, and suitable driving experience and the rising need for luxury cars. On the other hand, the complex and luxurious features and the software failures in the applications are few of the factors anticipated to further impede the growth of the automotive safety system market in the timeline period.
In addition, the arrival of autonomous vehicles and the growing necessity for electric vehicles will further provide advantageous prospects for the growth of the automotive safety system market in the coming years. However, the threats regarding the safety and the upholding a balance between price and the quality might further challenge the growth of the automotive safety system market in the near future.
This automotive safety system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive safety system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Automotive Safety System Market Scope and Market Size
The automotive safety system market is segmented on the basis of technology, on-highway vehicle, off-highway vehicle, electric vehicle and offering. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on the technology, the automotive safety system market is segmented into active safety system and passive safety system. Active safety system is further sub segmented into anti-lock braking systems (ABS), automatic emergency breaking (AEB), blind spot detection (BSD), electronic brake force distribution (EBD), electronic stability control (ESC), lane departure warning systems (LDW), tire pressure monitoring system (TPMS), traction control system (TCS) and forward-collision warning (FCW). Passive safety system is further sub segmented into seatbelts, airbags, active hood lifters, pedestrian protection airbag and whiplash protection system.
- Based on the on-highway vehicle, the automotive safety system market is segmented into passenger cars, light commercial vehicle (LCV), buses, trucks.
- Based on the off-highway vehicle, the automotive safety system market is segmented into agriculture vehicle, construction vehicle.
- Based on the electric vehicle, the automotive safety system market is segmented into battery electric vehicle (BEV), hybrid electric vehicle (HEV), plug-in hybrid electric vehicle (PHEV), fuel cell electric vehicle (FCEV).
- Based on the offering, the automotive safety system market is segmented into hardware, software.
Automotive Safety System Market Country Level Analysis
The automotive safety system market is analysed and market size, volume information is provided by country, technology, on-highway vehicle, off-highway vehicle, electric vehicle and offering as referenced above.
The countries covered in the automotive safety system market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the automotive safety system market because of having the largest number of automobiles per person. Furthermore, the growing of the population and along with one of the world’s best road infrastructure induces the automakers to produce high powered vehicles which will further boost the growth of the automotive safety system market in the region during the forecast period. Asia pacific is projected to observe significant amount of growth in the automotive safety system market because of the high number of automobiles that are manufactured and sold. Moreover, the rising economy and the growing of the disposable income in the advancing countries is further anticipated to propel the growth of the automotive safety system market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Safety System Market Share Analysis
The automotive safety system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive safety system market.
The major players covered in the automotive safety system market report are Robert Bosch GmbH, DENSO CORPORATION, STMicroelectronics, Infineon Technologies AG, ZF Friedrichshafen AG, Continental AG, Valeo, Magna International Inc., Johnson Electric Holdings Limited, Autoliv Inc., Mobileye., HYUNDAI MOBIS., ANAND Group, Knorr-Bremse AG, Takata Corporation, HARMAN International., BMW AG, Joyson Safety Systems, TOYODO GOSEI Co., Ltd., HELLA GmbH & Co. KGaA, Lear, Groupe PSA, BorgWarner Inc., Ficosa Internacional SA, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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