Global Automotive Active Safety System Market Size By Technology (Active Safety System, Passive Safety System), By Offering (Hardware, Software), By Vehicle Type (On-Highway Vehicle, Off-Highway Vehicle), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationGlobal Automotive Active Safety System Market Size By Technology (Active Safety System, Passive Safety System), By Offering (Hardware, Software), By Vehicle Type (On-Highway Vehicle, Off-Highway Vehicle), By Geographic Scope And Forecast
Automotive Active Safety System Market Size And Forecast
Automotive Active Safety System Market size was valued at USD 125.15 Billion in 2023 and is projected to reach USD 240.47 Billion by 2030 growing at a CAGR of 9.10% from 2024 to 2030.
Global Automotive Active Safety System Market Drivers
The market drivers for the Automotive Active Safety System Market can be influenced by various factors. These may include
- Tight Safety Regulations One of the main motivators is the government’s need that active safety systems be installed in cars in order to lower the number of collisions and fatalities. Automakers are encouraged to invest in advanced safety technologies by complying with these standards.
- Growing Customer Awareness Demand is being driven by consumers’ growing awareness of the value of safety features in automobiles. Automobile manufacturers are encouraged to integrate modern safety systems into their automobiles because consumers are more ready to pay for them.
- Technological Developments More advanced active safety systems are becoming possible thanks to the quick advances in technology, especially in fields like artificial intelligence, sensor technology, and vehicle-to-vehicle communication. Automakers may now offer a wide range of safety measures in their vehicles thanks to these improvements.
- Increasing Emphasis on Accident Prevention Rather than focusing just on crash survival, there is an increasing emphasis on accident prevention. By notifying drivers of possible hazards and, in certain situations, acting on their own initiative to correct them, active safety systems like automated emergency braking, adaptive cruise control, and lane departure warning contribute to the reduction of collisions.
- Insurance Incentives Customers and automakers are further encouraged to invest in advanced safety systems by insurance firms that offer reduced premiums for cars with these features. Customers may find that lower insurance premiums balance the initial expense of installing active safety systems, which increases their appeal.
Global Automotive Active Safety System Market Restraints
Several factors can act as restraints or challenges for the Automotive Active Safety System Market. These may include
- High Cost The addition of cutting-edge safety features raises the price of cars as a whole. This may discourage buyers who are concerned about price from buying cars equipped with these technologies, particularly in areas where affordability is a major factor.
- Complexity and Trustworthiness Concerns A lot of sophisticated technologies, including sensors, cameras, and control units, are used in active safety systems. Ensuring the safety of vehicle occupants is contingent upon the dependability of these systems. Any faults or false alarms have the potential to erode consumer trust in the system, which would discourage adoption.
- Integration Difficulties Automakers may face technical difficulties when incorporating active safety features into newly designed vehicles or retrofitting them into already-built vehicle models. It takes a lot of engineering know-how and money to integrate these technologies while preserving vehicle performance and aesthetics and guaranteeing compatibility with other vehicle systems.
- Driver Resistance A perceived loss of autonomy or control may lead some drivers to oppose the implementation of active safety technologies. Some drivers may find features like automated braking or lane-keeping assistance obtrusive or superfluous, which makes them reluctant to utilise or sceptical of them.
- Data Security and Privacy Issues Active safety systems frequently depend on the gathering and processing of copious amounts of data, including private details about the environment and occupants of the vehicle. Protecting this data’s privacy and security is essential to preventing misuse or illegal access, which can worry regulators and customers alike.
Global Automotive Active Safety System Market Segmentation Analysis
The Global Automotive Active Safety System Market is segmented on the basis of Technology, Offering, Vehicle Type, and Geography.
Automotive Active Safety System Market, By Technology
- Active Safety System
- Passive Safety System
Imagine you're at the grocery store, faced with two types of safety systems for your carone to keep you accident-free and one to protect you if the worst happens. The first type, called an "active safety system," is like a watchful eagle. It uses fancy tech to keep an eye on your car, the road, and even you. If it spots trouble brewing, it sounds an alarm or even steps in to help, like applying the brakes or steering the car away from danger. Its goal? To stop accidents before they even start. The second type, called a "passive safety system," is more like a guardian angel. It swings into action when a collision is unavoidable. Airbags, seatbelts, and crumple zones all fall under this category. They work together to reduce the impact of an accident, protecting you and your passengers inside the car.
Automotive Active Safety System Market, By Offering
- Hardware
- Software
Based on Offering, the market is segmented into Hardware and Software. The Hardware segment includes the physical components and devices that are integrated into the vehicle to enable various safety functionalities. These hardware components play a vital role in capturing data from the vehicle’s surroundings and the driver and processing that information to make real-time decisions. The Software segment comprises the algorithms, programs, and artificial intelligence that analyze the data collected by the hardware components and make decisions to assist the driver or trigger safety actions autonomously.
The software aspect of automotive safety systems is critical for the accurate and reliable operation of these systems. Both Hardware and Software components are integral to the successful operation of automotive safety systems. The hardware captures and provides the necessary data, while the software analyzes this data and executes appropriate safety measures. The seamless integration and optimization of both hardware and software are essential to ensure the effectiveness and reliability of modern active safety systems in vehicles.
Automotive Active Safety System Market, By Vehicle Type
- On-Highway Vehicle
- Off-Highway Vehicle
- Electric Vehicle
Based on Vehicle Type, the market is segmented into On-Highway Vehicle, Off-Highway Vehicle, and Electric Vehicle. On-Highway Vehicles, also known as passenger vehicles or light-duty vehicles, include cars, SUVs, minivans, and pickup trucks that are primarily designed for use on public roads and highways. Safety systems for on-highway vehicles are focused on enhancing driver and passenger safety, as well as pedestrian protection. Active safety systems in on-highway vehicles are especially valuable in urban driving conditions and on highways, where the risk of collisions and accidents is relatively high due to higher traffic volumes.
Many modern passenger vehicles come equipped with advanced driver assistance systems (ADAS) and other active safety features to improve overall safety. Off-Highway Vehicles, also known as non-road or off-road vehicles, include agricultural machinery, construction equipment, mining vehicles, and other specialized vehicles designed to operate in off-road environments. Safety systems for off-highway vehicles focus on operator safety, as well as the safety of workers and bystanders in the vicinity.
The Electric Vehicle (EV) segment includes vehicles that are powered by electric motors and rely on battery packs for energy storage instead of traditional internal combustion engines. Safety systems for electric vehicles are designed to address the unique characteristics of electric drivetrains and the potential risks associated with high-voltage systems. Electric vehicles often have advanced thermal management and battery safety features to prevent overheating or thermal runaway.
Automotive Active Safety System Market, By Geography
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Based on Regional Analysis, the Global Automotive Active Safety System Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America has been one of the leading regions in terms of the adoption of active safety systems. The United States and Canada, in particular, have been early adopters of advanced safety technologies in vehicles.
The presence of stringent safety regulations, increased consumer awareness of safety features, and a strong automotive industry have contributed to the high adoption rate of active safety systems in this region. Europe is another significant market for automotive active safety systems. European countries have been at the forefront of promoting vehicle safety, with regulatory bodies implementing strict safety standards. Moreover, consumer preferences for vehicles equipped with advanced safety features have driven the demand for active safety systems in the European market.
The Asia Pacific region has shown substantial growth in the adoption of automotive active safety systems. Countries such as China, Japan, India, and South Korea have witnessed a surge in demand for safety technologies due to increasing disposable incomes, rapid urbanization, and rising awareness of road safety. Additionally, government initiatives to promote vehicle safety have further boosted the market growth in this region.
Key Players
The major players in the Automotive Active Safety System Market are
- Bosch
- Continental AG
- ZF Friedrichshafen AG
- Denso Corporation
- Magna International Inc.
- Valeo SA
- NXP Semiconductors N.V.
- Autoliv Inc.
- Mobileye N.V. Continenta
- Magn
- ZF Friedrichshafen
- Robert Bosch
- Toyoda Gosei Co. Ltd
- Autoliv
- Delphi Automotive
- Infineon Technologies
- WABCO Vehicle Control System
- Mando-Hella Electronics Corporation
- Hyundai Mobis
- Infineon Technologies
- Johnson Electric Holdings Ltd
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2020-2030 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2030 |
| HISTORICAL PERIOD | 2020-2022 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Continental, Magna, ZF Friedrichshafen, Robert Bosch, Toyoda Gosei Co. Ltd, Autoliv, Delphi Automotive, Infineon Technologies, WABCO Vehicle Control System. |
| SEGMENTS COVERED | By Technology, By Offering, By Vehicle Type, and By Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
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