The automotiveactive safety system market is growing at a rapid pace across the globe.The market growth attributes to the rising demand for increased vehicle safetyand enhanced driving experience. Besides, the rising rate of road collisionsand accidents that often turn into fatal ones creates a vast demand for activesafety features such as automated lighting, automatic braking, and adaptivecruise control.
Moreover, theproliferation of smartphones and smart connected devices that incorporatetraffic warnings escalate market growth. According to Market Research Future(MRFR), the global automotive active safety system market is projected toregister approximately 10.65% CAGR throughout the review period (2017 to 2023).Stringent government regulations for light vehicle active safety are thecurrent global industry trends.
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Advances inautomotive safety technology and the causal role these upgrades play incollision avoidance and mitigating the risk of an accident influence the growthof the market. Additionally, the growing production of luxury & sports carsand passenger & commercial vehicles boosts market growth, generating a hugedemand for active safety systems.
The increasedemphasis on driver safety encourages many OEMs to develop parts to guide thedriver using the latest safety technologies and provide high strength.
On the flip side, high capital investmentsrequired for initial setup is a major factor projected to impede the marketgrowth. Nevertheless, augmenting demand for safety technologies and theincreasing unit sale worldwide would support the market growth, increasing theuptake of active safety systems in the vehicles.
AutomotiveActive Safety System Market – Segmentations
The report issegmented into four dynamics;
By Products : Lane Departure Warning, Tyre-PressureMonitoring System, Adaptive Cruise Control, Driver Monitoring, Night VisionSystem, Anti-Lock Braking System, Blind Spot Detection system, and others.
By OccupantTypes: Driver, Passenger, Pedestrian, and Child.
By Vehicle Types - Passenger Cars and CommercialVehicles.
By Regions - Americas,Europe, APAC, and Rest-of-the-World.
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GlobalAutomotive Active Safety System Market – Regional Analysis
North Americadominates the global automotive active safety systems. The largest market share attributes tosubstantial technological advances and their uptake in developing active safetysystems. Besides, the increasing vehicle production and growing demand forautomotive safety features drive the regional market. Moreover, thewell-established automobile industry in this region creates significantopportunities for the automotive active safety system market.
Europe standssecond in the global automotive active safety systems. The market growth is driven by the growingpassenger car markets in Germany, the UK, France, and Italy. Europe is theworld's largest hub for automotive research and innovation, which, alongsidethe resurging economy in the region, increases the automotive active safetysystem market size. And more.
AutomotiveActive Safety System Market – Competitive Landscape
Highlycompetitive, the automotive active safety system market appears to befragmented due to the presence of several well-established players. To gain alarger competitive share, players adopt strategies such as mergers &acquisitions, innovation, and brand reinforcement.
Technologyproviders strive to develop low-cost, compact systems and improved hardware.Automakers, auto component suppliers, and OEMs are focusing on the developmentof advanced active safety systems to be at the front of the competition. Theyalso try to provide after-sales services to the end-users.
MajorPlayers
Players leadingthe automotive active safety system market are Continental (Germany), DelphiTechnologies (UK), Bosch (Germany), Autoliv (Sweden), Hyundai Mobis (SouthKorea), ZF Friedrichshafen (Germany), DENSO (Japan), Magna International(Canada), Valeo (France), Infineon Technologies (Germany), Ficosa InternationalSA (Spain), FLIR Systems (US), Borg Warner Inc.(US), CAx software (India), andPSA Peugeot Citroen (France).
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