Automotive Active Safety System Market Snapshot Analysis and Increasing Global Growth Demand by Forecast To 2027
AutomotiveActive Safety System Industry Overview:
The automotive active safetysystem market is growing at a rapid pace across the globe. The market growthattributes to the rising demand for increased vehicle safety and enhanceddriving experience. Besides, the rising rate of road collisions and accidentsthat often turn into fatal ones creates a vast demand for active safetyfeatures such as automated lighting, automatic braking, and adaptive cruisecontrol.
Moreover, the proliferation ofsmartphones and smart connected devices that incorporate traffic warningsescalate market growth. According to Market Research Future (MRFR), theglobal automotive activesafety system market growth 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 in automotive safetytechnology and the causal role these upgrades play in collision avoidance andmitigating 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 foractive safety systems.
The increased emphasis on driversafety encourages many OEMs to develop parts to guide the driver using thelatest safety technologies and provide high strength.
On the flip side, highcapital investments required for initial setup is a major factor projected toimpede the market growth. Nevertheless, augmenting demand for safetytechnologies and the increasing unit sale worldwide would support the marketgrowth, increasing the uptake of active safety systems in the vehicles.
AutomotiveActive Safety System Market – Segmentations
Thereport is segmented into four dynamics;
By Products : Lane Departure Warning, Tyre-Pressure Monitoring System, AdaptiveCruise Control, Driver Monitoring, Night Vision System, Anti-Lock BrakingSystem, Blind Spot Detection system, and others.
By Occupant Types: Driver,Passenger, Pedestrian, and Child.
By Vehicle Types - Passenger Cars and CommercialVehicles.
By Regions - Americas, Europe, APAC, and Rest-of-the-World.
GlobalAutomotive Active Safety System Market – Regional Analysis
North America dominates theglobal automotive activesafety systems. The largest marketshare attributes to substantial technological advances and their uptake indeveloping active safety systems. Besides, the increasing vehicle productionand growing demand for automotive safety features drive the regional market.Moreover, the well-established automobile industry in this region createssignificant opportunities for the automotive active safety system market.
Europe stands second in theglobal automotive active safety systems. The market growth is driven bythe growing passenger car markets in Germany, the UK, France, and Italy. Europeis the world's largest hub for automotive research and innovation, which,alongside the resurging economy in the region, increases the automotive activesafety system market size. And more.
AutomotiveActive Safety System Market – Competitive Landscape
Highly competitive, theautomotive active safety system market appears to be fragmented due to thepresence of several well-established players. To gain a larger competitiveshare, players adopt strategies such as mergers & acquisitions, innovation,and brand reinforcement.
Technology providers strive todevelop low-cost, compact systems and improved hardware. Automakers, autocomponent suppliers, and OEMs are focusing on the development of advancedactive safety systems to be at the front of the competition. They also try toprovide after-sales services to the end-users.
Players leading the automotive activesafety system market share are Continental(Germany), Delphi Technologies (UK), Bosch (Germany), Autoliv (Sweden), HyundaiMobis (South Korea), ZF Friedrichshafen (Germany), DENSO (Japan), MagnaInternational (Canada), Valeo (France), Infineon Technologies (Germany), FicosaInternational SA (Spain), FLIR Systems (US), Borg Warner Inc.(US), CAx software(India), and PSA Peugeot Citroen (France).
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AboutMarket Research Future:
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