Global Automotive Safety System Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028

“Global Automotive Safety System Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global automotive safety system market report has been segmented on the basis of technology, offering, vehicle type, end user, and region.

Global Automotive Safety System Market: Overview

Automotive vehicle safety technology refers to special technologies within the vehicle, which allows to ensure safety and security of vehicles as well as passengers. Automotive vehicle safety technology includes emergency braking crash warning systems, adaptive headlights, on-board sensors, GPS, and cameras, etc. Such systems are used to minimize the road accidents. According to the document published by Association for Safe International Road Travel (ASIRT), every year approximately 1.3 Mn people die in road accidents and an additional 20 to 50 Million are disabled and injured in road accidents globally.

Global Automotive Safety System Market: Dynamics

Favorable government regulations regarding vehicle safety, along with government initiatives and incentives to use electric vehicles are some of the major factors expected to boost growth of the target market. Moreover, technological advancement such as smart sensors and devices, along with safety features embedded in the vehicles are some factors expected to boost demand for automotive safety systems market over the forecast period. In addition, increasing R&D activities to develop safety and comfort benefits, which is anticipated to create new opportunities in terms of revenue for manufacturers operating in the global market.

Latest trend observed in the global market is, vehicles with features including automatic emergency braking (AEB), anti-lock braking systems (ABS), electronic brake force distribution (EBD) and others are expected to gain momentum across the globe. Another trend observed in the market is key players are focusing on lowering production cost of electric vehicles along with the technological advancements. For instance, in March 2018, Germany-based car parts maker ZF Friedrichshafen AG was focusing to develop lightest fabric housing knee airbag modules for enhancing the vehicle occupant safety and expected to launch in the year 2019.

However, software failures in applications may hamper growth of the global market over the forecast period.

Global Automotive Safety System Market: Segment Analysis:

Among the technology segments, the active safety systems segment is expected to account for significant revenue share in the global market.

Among the offering segments, the software segment is estimated to account for major revenue share, and is projected to maintain its dominance over the forecast period

Among the vehicle type segments, the passenger car segment is anticipated to register significant growth rate over the forecast period.

Among the end user segments, the OEM segment is expected to account for significant revenue share in the global market.

Global Automotive Safety System Market: Regional Analysis

The automotive safety system market in Asia Pacific is expected to account for highest market share in the global market in terms of revenue. Increasing automobile sector, industrialization, and increase in disposable incomes especially in developing countries such as China and India, which is expected to give new opportunities for growth of the target market. Moreover, mandatory installation of ABS in all vehicles including two-wheelers in India, is further anticipated to drive growth of the target market.

Global Automotive Safety System Market Segmentation

Segmentation by Technology:

• Active Safety Systems
  • Anti-Lock Braking Systems (ABS)
  • Automatic Emergency Braking (AEB)
  • Blind Spot Detection (BSD)
  • Electronic Brake Force Distribution (EBD)
  • Electronic Stability Control (ESC)
  • Others (Forward-Collision Warning (FCW), Lane Departure Warning Systems (LDWS), Traction Control System (TCS), and Tire Pressure Monitoring Systems (TPMS)
• Passive Safety Systems
  • Occupant Protection (Seatbelts and Airbags)
  • Pedestrian Protection Systems (Pedestrian Protection Airbag, Active Hood Lifters)

Segmentation by Vehicle Type:

• Passenger Vehicles
• Commercial Vehicles

Segmentation by Offering:

• Hardware
• Software

Segmentation by End User:

• OEM
• Aftermarket

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa