10 January 2020 - Global Automotive
Safety System Market is
anticipated to lead the market due to high demand for passenger vehicles.
Automotive safety system is the inbuilt safety solution like good braking
system and steering that help avoid road mishaps. This system may be activated
by a computer or human. It is less in noise level inside the automobile, better
visibility from the driver’s seat, early caution for severe braking ahead,
anti-lock brake system, quality chassis assist and grip, collision avoidance
and traction control.
The
key drivers of automotive safety system market include rise in government
initiatives for the adoption of safety systems, increase in demand for
autonomous automobile, passenger cars and electric vehicles and rise in
disposable income of consumers on the global scale. Additionally, improved
automotive infrastructure and lifestyle of consumers is also propelling the
demand for automotive safety system, thereby fuelling the market. Nevertheless,
software failures in most applications, rise in number of security threats and
significant cost of vehicles are hampering the market growth.
Increase
in research and development efforts by OEMs to active safety systems is an
emerging trend in the market. Nonetheless, rise in number of safety solutions
in automobiles is expected to challenge the automotive safety system market.
Innovative automotive safety features, such as blind spot detection, lane
departure warning systems, or other enhanced driver assistance systems add to
the overall vehicle cost.
Market
is categorized on the basis of products, type of vehicle, safety system, and
geography. On the basis of products, market is divided into sensors and
systems. Sensors segment is predicted to lead the market in the forecast period
due to the rising focus on improving accuracy of the sensors. Moreover,
increase in investment in sensors by major market players is also driving the
growth of the segment.
Based
on vehicle type, automotive safety system market is bifurcated into mid-priced
cars, luxury cars, and economy cars. Luxury cars segment is expected to lead
the market in the coming years owing to the enhancements in auto driving and
high demand for premium safety solutions for automobiles. Safety solutions
reduce injury or death rate due to road mishaps, which is stimulating
manufacturers to install safety solutions.
In
terms of safety system, market is split into active safety systems and passive
systems. Active safety system is further divided into blind spot detection,
drowsiness monitoring system, e-call telematics, active cruise control, head-up
display, park assist, night vision system, tire-pressure-monitoring, lane
departure warning system, and others. Passive safety system is also classified
into seatbelt, electronic control unit steering wheel, airbag, and others. At
present, passive safety system segment leads the market due to improvements in
the products.
Geographically,
automotive safety system industry is segmented as North America, Latin America,
Europe, Asia Pacific, and Middle East & Africa. Europe is predicted to
dominate the market in the forecast period due to heavy investments in the
domain for the introduction of quality solutions. North America and Asia
Pacific regions are also expected to lead the market due to enhancements in
technology and awareness for automotive safety solutions, respectively.
The
key players in automotive safety system market comprise Magna, Denso
Corporation, Robert Bosch GmbH, Continental AG, Autoliv AB, Delphi Automotive,
Takata Corporation, and ZF TRW Automotive Holdings Corp., Ficosa International
S.A., Borg Warner Inc., and PSA Peugeot Citroen.
Market Segment:
Geographically, this report split global
into several key Regions, with sales (K Units), revenue (M USD), market share
and growth rate of Automotive Safety System for these regions, from 2012 to
2023 (forecast), covering
•
China
•
USA
•
Europe
•
Japan
•
Korea
•
India
Global Automotive Safety System market
competition by top manufacturers/players, with Automotive Safety System sales
volume, Price (USD/Unit), revenue (M USD) and market share for each
manufacturer/player; the top players including
•
Continental
•
Denso
•
Delphi
•
Bosch
•
Aisin
•
Valeo
•
ZF
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