Automotive Safety System Market Competitive Dynamics, Size, Global Outlook And Forecast To 2023

Automotive Safety System Market Overview

Nevertheless, automotive consumers have become more aware about the importance of the safety systems and the road safety measures that should be incorporated which is expected to support the market growth to an extent over the forecast period.

The automotive safety system market is gaining substantial mileage due to technological developments happening in the industry. The global automotive safety system market is expected to gain 9% CAGR to advance during the forecast period (2017-2023).

Segmentation

Fuel-used, offering, active technology, passive technology, and vehicle type are segmentations based on which MRFR had studied the automotive safety system market.

By active technology, the automotive safety system 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 system 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 system market includes petrol, diesel, electric vehicle (EV) and hybrid electric vehicle (HEV).

Based on the offering, the automotive safety system market can be segmented into software and hardware. The hardware safety system has low installation cost and is less complex in the installation procedure.

Competitive Landscape

Several companies are actively participating in the global automotive safety system 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).

Regional Analysis

The Americas, Asia Pacific (APAC), Europe, and Rest-of-the-World (RoW) are regions that have been included in the report of the MRFR for a better analysis of the automotive safety system market. Segments which MRFR made to study the global automotive safety system market.

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