Global Automotive 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, Electric Vehicle), By Geographic Scope And Forecast

Automotive Safety System Market Size And Forecast

Automotive Safety System Market size was valued at USD 110.64 Billion in 2021 and is projected to reach USD 234.73 Billion by 2030, growing at a CAGR of 8.72 % from 2023 to 2030.

The major factors driving industry growth are the government rules & regulations related to vehicle safety, the increasing number of accidents, the increasing demand for luxury vehicles, the increasing purchasing power of the consumers, and the rise in the demand for the passenger vehicle in the emerging economies are some of the market trends that are expected to support the growth of the market. The Global Automotive Safety System Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market

Global Automotive Safety System Market Definition

Automotive safety systems refer to the equipment built into a vehicle to reduce the likelihood and severity of traffic collisions. One of the most significant components in the automobile manufacturing sector is the automotive safety system. In the automotive industry safety systems are used for ensuring the safety and security of automobiles & passengers. Various types of safety systems such as seatbelts, airbags, antilocking braking systems, electronic traction, stability controls systems, lane departure warning, blind-spot detection, and driver monitoring are used to assuring the safety of passengers.

The vehicles are integrated with advanced safety technologies and automated driving features such as passenger sensing systems, electrochromic mirrors or auto-dimming mirrors, padded knee bolsters, and energy-absorbing systems steering systems that prevent serious injuries to the passengers. Automotive active safety is a preventive system that aids a driver in maintaining vehicle control, preventing or reducing road accidents, and improving the overall driving experience in a variety of road conditions and situations. The device assists in maintaining the car in the proper lane and identifies blind spots that could result in accidents or other hazards.

Global Automotive Safety System Market Overview

The (LDWS) is a collection of safety technologies aimed at preventing high-speed collisions on motorways, expressways, and freeways. They issue warnings to the driver and, in some cases, take corrective action to avoid crashes and run-off-road accidents. The rising number of car accidents caused by sudden lane changes has caused alarm among consumers and governments around the world. As a result of continual technical breakthroughs in the automotive industry, new features are continuously being added to automobiles in order to prevent road accidents and improve the safety of both passengers and drivers in both vehicles.

As a result, are being implemented, which may help move the market for LDWS forward. Aside from passenger automobiles, LDWS is becoming more popular in commercial vehicles, particularly heavy trucks. According to research, the majority of accidents in both passenger and commercial cars are caused by human mistakes, and there are now accessible safety devices that can limit this. The growing popularity of in the automotive industry is opening the way for more to be deployed in many industries.

The greater the number of autonomous vehicles in a market, the greater the opportunity for the Automotive Safety System Market to grow and expand. According to surveys, purchasers in a variety of nations are beginning to trust autonomous or self-driving vehicles. The smooth testing and operations of autonomous vehicles in the South Asian region are partly responsible for this. However, the high cost of safety systems and concerns regarding systems security are some of the restraining factors that may affect the growth of the market.

Global Automotive Safety System MarketSegmentation Analysis

The Global Automotive Safety System Market is segmented on the basis of Technology, Offering, Vehicle Type, and Geography.

Automotive Safety System Market, By Technology

• Active Safety System• Passive Safety System

Based on Technology, the market is segmented into Active Safety System and Passive Safety System. Active cruise control, blind-spot detection, drowsiness monitoring system, lane departure warning system, head-up display, night vision system, park assist, e-call telematics, tire-pressure monitoring system, and others are all part of the active safety systems market. Similarly, the market for passive safety systems is divided into airbags, seatbelts, steering wheels, electronic control units, and other components. Currently, passive safety systems hold the greatest part of the worldwide Automotive Safety System Market, but this is expected to change in the near future.

Automotive Safety System Market, By Offering

• Hardware• Software

Based on Offering, the market is segmented into Hardware and Software. The hardware safety system is deployed primarily because of its simple complexity and low cost of installation, according to the offer. The software system, on the other hand, is far more exact and trustworthy in terms of safety features, despite being sophisticated, highly integrated, and expensive.

Automotive 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. During the forecast period of 2020 to 2025, the passenger car is predicted to be the dominant sector of safety systems in the global automotive industry. Due to increased penetration of safety systems, strong demand for active safety systems, and organic growth in the production of luxury cars and SUVs, this vehicle type is expected to rise at the quickest rate throughout the same time.

Automotive Safety System Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Geography, the Global Automotive Safety System Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. During the forecast period, North America is expected to remain the largest active safety systems market, while Asia-Pacific is expected to be the largest passive safety systems market. The United States will continue to lead the active safety systems market in North America, while China and India will lead the passive safety systems market in Asia-Pacific. The need for passive safety systems in the Asia-Pacific region is being driven by rising automobile production, increased passive safety system content per vehicle, primarily in China and India, and the passage of increasingly strict regulations.

Key Players

The “Global Automotive Safety System Market” study report will provide valuable insight with an emphasis on the global market The major players in the market are Continental, Magna, ZF Friedrichshafen, Robert Bosch, Toyoda Gosei Co. Ltd, Autoliv, Delphi Automotive, Infineon Technologies, WABCO Vehicle Control System, and Mando-Hella Electronics Corporation, Hyundai Mobis, Infenion Technologies, Johnson Electric Holdings Ltd and Others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Automotive Safety System Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Automotive Safety System Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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