Pune, India, February 14, 2018 /MRFR Press Release/- Market research future published a half cooked research report on global Automotive Active Safety System market. The Automotive Active Safety System market is expected to grow over the CAGR of around 10.65% during the period 2017 to 2023.
The Automotive Active Safety System increases the vehicle safety and enhance the driving experience of the driver. The system is combination of software that allows to alert the driver about the problems that is going to occur. There are different active safety systems that are installed in the vehicle which includes automated lighting, adaptive cruise control, automate braking, incorporate traffic warnings, connect to smartphones, alert driver to other cars or dangers, and among others. The increase adoption of active safety technologies will result in the growth of the market during the forecast period. The stringent government regulation have resulted the OEMs to install different safety systems in the vehicle to mitigate the risk of accident. OEMs such as Bosch, Continental, Delphi Technologies, ZF Friedrichshafen are focusing on the development of active safety system in order to be upfront in the competitive environment. The presence of the strong automotive players in the active safety system will result in growing demand for the active safety system in the vehicles. This increase in demand will result in the growth of the market during the forecast period.
On the basis of region, the market is segmented based on North America, Asia Pacific, Europe, and Rest of the World. In Asia Pacific region, there is an increase in the production of new vehicles in countries such as India, China, and Japan. The major growth in Asia Pacific is due to the increase in the use of automotive active safety system because of the growing demand for safety to the passenger. The recent shift in the preference from mileage to vehicle looks and features is also expected to result in the high demand for active safety systems. The global advanced driver assistance systems market is also expected to grow during the forecast period owing to increasing population, rapid industrialization and aggressive expansion of manufacturing sector. North America is expected to be the second largest market due to the stringent government regulation for safety. The National Highway Traffic Safety Administration have set up various regulation for the safety of the passenger in the car. Due to the increase in the stringent government regulation, people are going forward for high demand of active safety system installation in the vehicles. Europe is expected to be the third largest region to grow during the forecast period due to the technology improvement from the last few years. Germany is known for its outstanding automotive industry and engineering. The German cars are highly valued due to the innovation, reliability, safety, and design. In Europe, Germany is one of the leading countries for production and sales of vehicles. World class R&D infrastructure, and highly qualified workforce, have created incomparable automotive environment. This will boost the production of automotive vehicle, in future which will result in the growth of the market during the forecast period.
Global Automotive Active Safety System Market Size, 2017-2023(CAGR)
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/automotive-active-safety-system-market-5469
Scope of the Report
This study provides an overview of the global automotive active safety system market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Automotive Active Safety Systems market by its product, occupant type vehicle type, and region
The key players in automotive active safety system market are 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).