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The Automotive Active Safety System Market is influenced by various market factors that shape its dynamics and growth trajectory. One of the primary drivers is the increasing concern for road safety among consumers and regulatory bodies worldwide. With a rising number of road accidents and fatalities, governments are enforcing stringent safety regulations, compelling automotive manufacturers to integrate advanced safety systems into their vehicles. This push for safer vehicles has led to a surge in the demand for automotive active safety systems, including features like adaptive cruise control, lane departure warning, and autonomous emergency braking.
Moreover, technological advancements play a pivotal role in driving the market forward. The automotive industry is witnessing rapid technological innovations, particularly in the field of sensor technologies, artificial intelligence, and vehicle-to-vehicle communication systems. These advancements have enabled the development of more sophisticated active safety systems that can accurately detect and respond to potential hazards on the road, thereby enhancing overall vehicle safety.
Another significant market factor is the increasing consumer preference for vehicles equipped with advanced safety features. As awareness about the importance of road safety grows, consumers are becoming more inclined towards vehicles that offer enhanced protection against accidents. This shift in consumer preferences has prompted automakers to prioritize the integration of active safety systems into their vehicles, thereby driving market growth.
Furthermore, the growing trend towards electric and autonomous vehicles is expected to significantly impact the automotive active safety system market. Electric and autonomous vehicles rely heavily on advanced safety technologies to ensure safe operation, thereby creating lucrative opportunities for active safety system manufacturers. As the adoption of electric and autonomous vehicles continues to rise, the demand for advanced safety systems is expected to escalate, further fueling market growth.
On the other hand, there are certain challenges that the automotive active safety system market faces. One such challenge is the high cost associated with these advanced technologies. While active safety systems offer numerous benefits in terms of accident prevention and mitigation, their high cost can deter budget-conscious consumers from opting for vehicles equipped with these features. Additionally, the complexity of integrating and calibrating multiple safety systems within a vehicle can pose technical challenges for automakers, leading to potential implementation issues.
Moreover, the COVID-19 pandemic has also had a significant impact on the automotive industry, including the active safety system market. The temporary shutdown of manufacturing facilities and disruptions in the supply chain have led to production delays and supply shortages, affecting market growth. However, as the automotive industry gradually recovers from the impact of the pandemic, the demand for active safety systems is expected to rebound, driven by the increasing focus on vehicle safety and the resurgence of automotive production.
In conclusion, the automotive active safety system market is influenced by various market factors, including increasing safety regulations, technological advancements, consumer preferences, and the rise of electric and autonomous vehicles. While certain challenges exist, such as high costs and technical complexities, the market is poised for significant growth in the coming years as manufacturers continue to prioritize safety and innovation in vehicle design.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Growth Rate | (2022 to 2030 |
Automotive Active Safety System Market Highlights:
Automotive Active Safety System Market Overview
The Automotive Active Safety Market is projected to grow from USD 17429.91 Million in 2021 to USD 71090.37 Million by 2032, exhibiting a compound annual growth rate (CAGR) 16.9% during the forecast period (2023 - 2032). The surging vehicle production and rising strictness of the government safety rules are the top factors behind the expansion of the automobile active safety systems market. The demand for active safety systems is also mounting as a result of the soaring production of both passenger and commercial cars worldwide.
Customers, businesses, and governments are all concerned about the steadily rising number of car accidents caused by sudden lane changes. The performance of advanced driver assistant systems (ADAS) is therefore being driven by ongoing technological advancements in the automotive industry, which are continuously adding distinctive features to cars to reduce traffic accidents and increase the security of both passengers and drivers in both cars. This may help to drive the automotive active safety system market. Market vendors help original equipment manufacturers (OEMs) sustain innovation in automotive safety regulations.
Automotive Active Safety System Market Driver
Demand to rise as the need to reduce collision rates surges
The active safety features in automobiles make it easier to avoid or reduce injuries during collisions. Seatbelts and headrests are part of the active safety system, which helps keep the occupant in position during collisions and lowers the risk of harm. To lessen mishaps, the system offers warnings and further help. Additionally, it aids in maintaining the car in the right lane and warns users of blind spots, helping to prevent accidents. Electronic stability control (ESC), tire pressure monitoring systems (TPMS), and lane departure warning systems (LDWS) are a few of the most popular active safety systems.
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Rising demand in the automotive sector for passenger & vehicle safety
The demand for active safety systems has increased as a result of the rise in passenger and commercial vehicle production. During the forecast period, the market is anticipated to develop as a result. Additionally, in the upcoming years, the vehicle active safety system will expand as a result of safety solutions in the automobile sector.
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Increased enthusiasm for high-speed vehicles
A surge in the number of young clients and a rise in the desire for fast cars has led to more accidents. Advanced safety technologies including blind spot identification, lane keep assist, and anti-roll braking systems are currently being included in many automobiles. The market for automotive active safety systems will therefore expand in the upcoming years as high-speed vehicle demand rises.
The potential for the Automotive Safety System Market to flourish increases with the number of autonomous vehicles in the market. Surveys show that consumers in a number of countries are starting to trust autonomous or self-driving cars. Part of this can be attributed to how well autonomous vehicle testing and operations have gone in the South Asian region. However, some of the issues that may hinder market expansion include the high cost of safety systems and worries about system security.
Automotive Active Safety System Market Segment Insights:
Automotive Active Safety System Product Insights
The tire-pressure monitoring system, lane departure warning, adaptive cruise control, night vision system, driver monitoring, anti-lock braking system, and blind spot detection are the market segments by product. Due to growing knowledge of the system's features and applications, the adaptive cruise control sector is anticipated to dominate the market throughout the projection period. The technology of the future for intelligent cars is adaptive cruise control. They employ sensors to measure the space between vehicles, enhancing driver ease and safety. By maintaining a secure distance between the two vehicles, they also expand the road's capacity.
Automotive Active Safety System Occupant Type Insights
The market is divided into driver, passenger, kid, and pedestrian segments based on occupant type. Due to an increased requirement for driving safety and guidance about lane and direction, the driver sector is anticipated to dominate the market over the projection period.
Automotive Active Safety System Vehicle Type Insights
Passenger vehicles and Commercial vehicles are the vehicle types considered in the study. It is anticipated that the passenger vehicle segment will dominate the worldwide market during the study period. This vehicle type is anticipated to grow at the fastest rate over the same period of time due to greater adoption of safety systems, high demand for active safety systems, and organic growth in the production of luxury cars and SUVs.
Automotive Active Safety System Regional Insights
By Region, the study considers Europe, North America, Asia-Pacific, and the Rest of the World as the top segments.
In light of the presence of significant competitors in the region, the North American automobile active safety system market will dominate. The market growth in this region will also be aided by the rising acceptance rate of contemporary technology and developing economic conditions. Additionally, the North American vehicle safety system market in North America was led by the US, which had the biggest market share, and Canada, which had the quickest rate of growth.
Due to the adoption of stronger safety regulations by several governments and the rising use of curtain and knee airbags in this region, Europe holds the second-largest market share for vehicle active safety systems. The UK market will have the fastest increase while the German market for car active safety systems is currently in the lead.
From 2023 to 2032, the automotive active safety system market in Asia-Pacific is anticipated to develop at the quickest CAGR. This is a result of the rising use of sophisticated electronics and the substantial manufacture of automobiles in nations like South Korea, China, and Japan. Additionally, the Indian automotive active safety system market had the Asia-Pacific region's quickest rate of growth and China's automotive active safety system market had the greatest market share.
Automotive Active Safety System Market Players & Competitive Insights
Numerous international, regional, and local providers can be found in the market for vehicle active safety systems. All of the companies in the industry are vying for the largest possible portion of the market, which is very competitive. Market expansion is significantly impacted by fierce competition, frequent changes to legislation and government policies, and other variables. Cost, product quality, dependability, and aftermarket services are the criteria on which the vendors compete. To remain relevant in a highly competitive market climate, the vendors must offer high-quality, cost-effective active safety solutions.
Bosch (Germany), Continental (Germany), Delphi Technologies (U.K.), ZF Friedrichshafen (Germany), Autoliv (Sweden), Hyundai Mobis (South Korea), Valeo (France), DENSO (Japan), Magna International (Canada), FLIR Systems (U.S.), Infineon Technologies (Germany), Ficosa International S.A. (Spain), PSA Peugeot Citroen (France), Borg Warner Inc.(U.S.), CAx software (India) are the top developers of automotive active safety systems listed in the MRFR report.
Automotive Active Safety Systems Market Segmentation
Global Automotive Active Safety System Market, By Product
- Tyre-Pressure Monitoring System
- Lane Departure Warning
- Adaptive Cruise Control
- Night Vision System
- Driver Monitoring
- Anti-Lock Braking System
- Blind Spot Detection
Global Automotive Active Safety System Market, By Occupant Type
- Driver
- Passenger
- Child
- Pedestrian
Global Automotive Active Safety System Market, By Vehicle Type
- Passenger Car
- Commercial Vehicle
Automotive Active Safety System Market Regional Outlook
North America
- US
- Canada
- Mexico
Europe
- Germany
- France
- UK
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
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Middle East & Africa
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South America
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