Automotive Safety Technologies Market Overview
The global Automotive Safety Technologies market is burgeoning rapidly mainly, due to the global automotive sales which are increasing rapidly. Simultaneously, augmenting demand for the improved safety features used in the automobiles are supporting the market growth, witnessing a drastic shift due to increased vehicle movement.
The global Automotive Safety Technologies market is expected to gain 9% CAGR to advance during the forecast period (2017-2023).
Several companies are actively participating in the global Automotive Safety Technologies market. Their involvement ensures strategic moves that are aimed at individual growth but which plays well for the holistic growth of the market as well. These companies are Continental AG (Germany), Delphi Automotive PLC (Aptiv PLC) (U.S.), Magna International Inc. (Canada), Denso Corporation (Japan), TRW Automotive (U.S.), Robert Bosch GmbH (Germany), Johnson Electric Holdings Limited (Hong Kong), Autoliv Inc. (U.S.), Takata Corporation (Japan), and Mobileye N.V. (Israel).
Fuel-used, offering, active technology, passive technology, and vehicle type are segmentations based on which MRFR had studied the Automotive Safety Technologies market.
By active technology, the Automotive Safety Technologies market includes Anti-Lock Braking Systems (ABS), Lane Departure Warning Systems (LDW), Tire Pressure Monitoring Systems (TPMS), Driver Monitoring System (DMS), Adaptive Cruise Control (ACC), and Blind Spot Detection (BSD). These technologies work in sync with the Central Electronic Processing Unit (CEPU) by feeding its real-time data to constantly modify the database and set actions according to the parameters set by the manufacturers for the car.
Based on passive technology, the Automotive Safety Technologies market can be segmented into a pedestrian, whiplash protection, and airbag. The airbag system finds widespread acceptance, and its installation cost is quite low, along with its production cost.
Based on the fuel used, the Automotive Safety Technologies market includes petrol, diesel, electric vehicle (EV) and hybrid electric vehicle (HEV).
Based on the offering, the Automotive Safety Technologies market can be segmented into software and hardware. The hardware safety system has low installation cost and is less complex in the installation procedure.
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