The Automotive Safety System Market is projected to reach 169.46 Billion by 2025, at a CAGR of 9.36%.
The increasing demand for a safe, efficient, and convenient driving experience and stringent safety regulations across the globe are driving the market for the automotive safety system.
The report analyzes all major tier I suppliers in the automotive safety system market. Robert Bosch (Germany), Continental (Germany), Denso (Japan), and Delphi (UK) are some of the leading suppliers in the automotive safety system market.
The Asia Pacific region is estimated to hold the largest share, by value, of the automotive safety system market in 2017. The demand for the automotive safety system in this region is triggered by increasing vehicle production in developing nations such as China and India and the increasing number of luxury vehicles in countries such as China and Japan. This region is also the leading producer of automobiles in the world.
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Automotive Safety System Market, By Technology:
- Active Safety System:Passive Safety System
- Anti-Lock Braking Systems (ABS)
- Automatic Emergency Braking (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)
- Forward-Collision Warning (FCW)
- Active Hood Lifters
- Pedestrian Protection Airbag
- Whiplash Protection System
The automotive safety system market has promising growth potential due to several factors, including the increasing demand for a safe, efficient, and convenient driving experience; rising disposable income in emerging economies; and stringent safety regulations across the globe. Owing to the high adoption rate of active and passive safety technologies, developed countries such as the US, Germany, and the UK are estimated to have a significant market share of automotive safety systems. Furthermore, Europe and North America have some of the most stringent safety regulations.
The passenger car segment is projected to be the fastest-growing on-highway vehicle type of the automotive safety system market. The increasing production of passenger cars due to the improvement in the lifestyle and disposable income of the consumers will increase the demand for safety systems. Various safety systems for passenger cars have been mandated by the government in several countries. This will positively impact the automotive safety system market for passenger cars.
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- Automobile manufacturers
- Distributors and suppliers of automotive safety systems
- Industry associations and automotive experts
- Automotive safety feature manufacturers
- Automotive component manufacturers
- Autonomous vehicle software providers
- Electric vehicle manufacturers
- Automotive technology providers
- Tier 1, Tier 2, and Tier 3 suppliers
HEV is estimated to hold the largest share of the automotive safety system market, by electric vehicle. Stringent emission norms, environment safety, vehicle electrification, and government regulations are expected to boost the market for HEV safety systems. Governments around the globe are enabling the sale of electric vehicles by offering incentives to customers and subsidies to electric vehicle OEMs. This will help drive the automotive safety systems market for electric vehicles.
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