The latest report by IMARC Group, titled “Automotive Active Safety System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the Automotive Active Safety System Market Growth. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global automotive active safety system market size reached US$ 13.2 Billion in 2022.
Looking forward, IMARC Group expects the market to reach US$ 32.3 Billion by 2028, exhibiting a growth rate (CAGR) of 15.8% during 2023-2028. Automotive active safety is a preventive system that assists a driver in controlling the vehicle and preventing road accidents while enhancing the overall driving experience under different road conditions and situations.
It comprises radar, cameras, and ultrasonic sensors that work by perceiving the surrounding and operational parameters and assist in alerting the drivers. It also includes seatbelts and headrests that hold the occupant in place during the collision and minimizes the chances of injury.
Besides this, it aid in keeping the automobile in the correct lane, alerts the drivers about blind spots, observes the braking system and helps in maintaining adequate distance from other automobiles.
Global Automotive Active Safety System Market Trends:
The rising number of road accidents is driving the global market. Moreover, the increasing demand for safety features in vehicles, such as adaptive cruise control (ACC), blind spot warning, auto braking, and lane assistance, are accelerating the market growth.
Along with this, numerous leading players are working on integrating smarter safety systems into automobiles to enhance safety in all environments and circumstances, which, in turn, is catalyzing the adoption of automotive active safety systems.
Furthermore, numerous initiatives undertaken by the governments of several countries to introduce rules and regulations on road safety measures are creating a positive market outlook. Other factors, including increasing investments in road development projects and connectivity and rising traffic congestion, are also positively influencing the market growth.
Competitive Landscape with Key Players:
- Robert Bosch GmbH
- Continental AG
- Delphi Group
- ZF Friedrichshafen AG
- Autoliv Inc
- Hyundai Mobis co., Ltd
- Valeo SA
- DENSO Corporation
- Magna International Inc
- FLIR Systems, Inc.
- Infineon Technologies AG
- FICOSA GROUP
- Peugeot S.A.
- BorgWarner Inc.
- CAx Software Private Limited
Key Market Segmentation:
- Tyre-Pressure Monitoring System
- Lane Departure Warning
- Adaptive Cruise Control
- Night Vision System
- Driver Monitoring
- Anti-Lock Braking System
- Blind Spot Detection
- Passenger Cars
- Light Commercial Vehicle
- Heavy Commercial Vehicles
- Diesel Vehicles
- Petrol Vehicles
- Electric Vehicles
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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