Automotive Safety System Market is predicted to grow at approximately 7.83% CAGR by 2032

Pune, India, April 05, 2018 /MRFR Press Release/- Market research future published a half cooked research report on global Automotive Safety System market. The Automotive Safety System market is expected to grow over the CAGR of around 7.83% during the period 2024 to 2032.

Market Highlights

The media has been showcasing increased instances of road fatalities and road vehicle-related mishaps. On one hand, the automotive technology is making rapid progress and on the other, the number of people falling prey to road accidents rises and doesn’t recede at all. The automakers are further under pressure in this aspect since, their direct reputation, brand image, and eventual sales are at stake. Adding to the problem, the internet and penetration of smartphones have made it impossible for even smaller incidents to go unnoticed on the social media forums. Automakers thus are becoming increasingly wary about bad and unwanted publicity coming their way, and the subsequent backlash.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Automotive Safety System Market Research Report

The automaker is as good as their latest product and latest news. For instance, Volkswagen was severely embroiled in emission norms flouting scandal. During that time, Volkswagen lost close to $1Billion in a matter of few days from their stock market price. Notwithstanding the setback they made sure to bounce back by investing their time into advertisements focusing on positive reinforcement, stressing that Volkswagen manufactured family cars were safe, reliable and economical to purchase & maintain. Similarly, the automakers the world over are now trying to invest their resources into research and installation of safety systems to increase their brand image in a positive manner.

On the basis of region, the market is segmented based on North America, Asia Pacific, Europe, and Rest of the World. The Asia Pacific region has been undergoing unprecedented sales of automobiles consistently for the last couple of decades. India, with its growing economic status, and China, with its cheap labor and being one of the largest economies in the world, have made this region a consistent target for the automotive industry. Automakers consider this region as the automotive base for global operations for the next 5-10 years. The North America region has been the market with the highest automotive sales for many decades. Large amounts of migration coupled with high per capita income makes this market consistently register high automotive sales for consecutive years. The Europe region is known for manufacturing some of the most futuristic cars, and hence, the Europeans are rightly called the trendsetters of the global automotive community in terms of setting the path for the next automotive technology. The safety system can be called futuristic in some aspects owing to the large syndicated use of electronics and traditional mechanical components. Thus, the consistently increasing automotive sales throughout the global automotive market makes it imperative and much safer to purchase and drive an automobile with the incorporation of the automotive safety system, thus stressing on its immense potential.

Drivers:

The scope of the Report

This study provides an overview of the Global Automotive Safety System Market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Automotive Safety System Market by its Active Technology, Passive Technology, Fuel Used, Offering, Vehicle Type, and Region.

• By Active Technology


• ESC


• LDW


• ABS


• BSD


• TPMS


• EBD


• By Passive Technology


• Pedestrian


• Whiplash Protection


• Airbag


• By Fuel Used


• Petrol


• Diesel


• EV


• HEV


• By Offering


• Software


• Hardware


• By Vehicle Types


• Passenger Vehicle


• Light Commercial Vehicle (LCV)


• Heavy Commercial Vehicle (HCV)


• By Region


• North America


• Europe


• Asia Pacific


• Rest of the World

 Key Players

Some of the key players in the automotive safety system market are Delphi Automotive PLC (Aptiv PLC) (U.S.), Continental AG (Germany), Denso Corporation (Japan), Magna International Inc. (Canada), Robert Bosch GmbH (Germany), TRW Automotive (U.S.), Autoliv Inc. (U.S.), Johnson Electric Holdings Limited (Hong Kong), Takata Corporation (Japan) and Mobileye N.V. (Israel).