Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The automotive active safety system market is a dynamic landscape driven by a multitude of factors shaping its growth and evolution. At its core, the demand for such systems stems from the increasing emphasis on passenger safety and the continuous technological advancements in the automotive industry. With the rising awareness among consumers regarding the importance of safety features in vehicles, there has been a significant surge in the adoption of active safety systems. These systems, which include features like adaptive cruise control, lane departure warning, and automatic emergency braking, are designed to assist drivers in avoiding accidents and mitigating risks on the road.
One of the key drivers propelling the growth of the automotive active safety system market is the stringent safety regulations imposed by governments and regulatory bodies across the globe. These regulations mandate the integration of advanced safety features in vehicles to reduce the number of road accidents and fatalities. As a result, automakers are compelled to invest in active safety technologies to ensure compliance with these regulations, thereby driving the market growth.
Moreover, the increasing consumer preference for vehicles equipped with advanced safety features is fueling the demand for automotive active safety systems. With a growing focus on passenger well-being and the desire for a safer driving experience, consumers are willing to pay a premium for vehicles equipped with cutting-edge safety technologies. This trend has led automakers to prioritize the integration of active safety systems into their vehicle models, further bolstering the market growth.
Furthermore, technological advancements play a pivotal role in shaping the dynamics of the automotive active safety system market. Innovations such as artificial intelligence, machine learning, and sensor fusion have enabled the development of more sophisticated and effective safety systems. These advancements have not only enhanced the performance of active safety features but have also paved the way for the introduction of autonomous driving capabilities, wherein vehicles can perceive and respond to their surroundings without human intervention.
The competitive landscape of the automotive active safety system market is characterized by intense rivalry among key players vying for market share. Established automotive manufacturers, as well as emerging players and technology startups, are actively investing in research and development to gain a competitive edge in this rapidly evolving market. Strategic collaborations and partnerships are also prevalent within the industry as companies seek to leverage each other's expertise and resources to accelerate innovation and product development.
Moreover, the advent of electric and autonomous vehicles is expected to further drive the demand for automotive active safety systems. As electric vehicles gain traction in the market, there is a growing need to address unique safety challenges associated with their propulsion systems and battery technology. Similarly, the development of autonomous vehicles necessitates the integration of advanced safety features to ensure safe and reliable operation in various driving scenarios.
In conclusion, the automotive active safety system market is witnessing robust growth driven by regulatory mandates, consumer demand, technological advancements, and the emergence of electric and autonomous vehicles. With safety becoming an increasingly important consideration for consumers and policymakers alike, the market for active safety systems is poised for continued expansion in the coming years. However, challenges such as cost constraints, interoperability issues, and cybersecurity concerns remain key areas of focus for industry stakeholders as they navigate this dynamic landscape.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Product, Occupant Type, Vehicle Type, Region |
Automotive Active Safety System Market Highlights:
Automotive Active Safety System Market Overview
The Automotive Active Safety Market is projected to grow from USD 17429.91 Million in 2021 to USD 71090.37 Million by 2032, exhibiting a compound annual growth rate (CAGR) 16.9% during the forecast period (2023 - 2032). The surging vehicle production and rising strictness of the government safety rules are the top factors behind the expansion of the automobile active safety systems market. The demand for active safety systems is also mounting as a result of the soaring production of both passenger and commercial cars worldwide.
Customers, businesses, and governments are all concerned about the steadily rising number of car accidents caused by sudden lane changes. The performance of advanced driver assistant systems (ADAS) is therefore being driven by ongoing technological advancements in the automotive industry, which are continuously adding distinctive features to cars to reduce traffic accidents and increase the security of both passengers and drivers in both cars. This may help to drive the automotive active safety system market. Market vendors help original equipment manufacturers (OEMs) sustain innovation in automotive safety regulations.
Automotive Active Safety System Market Driver
Demand to rise as the need to reduce collision rates surges
The active safety features in automobiles make it easier to avoid or reduce injuries during collisions. Seatbelts and headrests are part of the active safety system, which helps keep the occupant in position during collisions and lowers the risk of harm. To lessen mishaps, the system offers warnings and further help. Additionally, it aids in maintaining the car in the right lane and warns users of blind spots, helping to prevent accidents. Electronic stability control (ESC), tire pressure monitoring systems (TPMS), and lane departure warning systems (LDWS) are a few of the most popular active safety systems.
-
Rising demand in the automotive sector for passenger & vehicle safety
The demand for active safety systems has increased as a result of the rise in passenger and commercial vehicle production. During the forecast period, the market is anticipated to develop as a result. Additionally, in the upcoming years, the vehicle active safety system will expand as a result of safety solutions in the automobile sector.
-
Increased enthusiasm for high-speed vehicles
A surge in the number of young clients and a rise in the desire for fast cars has led to more accidents. Advanced safety technologies including blind spot identification, lane keep assist, and anti-roll braking systems are currently being included in many automobiles. The market for automotive active safety systems will therefore expand in the upcoming years as high-speed vehicle demand rises.
The potential for the Automotive Safety System Market to flourish increases with the number of autonomous vehicles in the market. Surveys show that consumers in a number of countries are starting to trust autonomous or self-driving cars. Part of this can be attributed to how well autonomous vehicle testing and operations have gone in the South Asian region. However, some of the issues that may hinder market expansion include the high cost of safety systems and worries about system security.
Automotive Active Safety System Market Segment Insights:
Automotive Active Safety System Product Insights
The tire-pressure monitoring system, lane departure warning, adaptive cruise control, night vision system, driver monitoring, anti-lock braking system, and blind spot detection are the market segments by product. Due to growing knowledge of the system's features and applications, the adaptive cruise control sector is anticipated to dominate the market throughout the projection period. The technology of the future for intelligent cars is adaptive cruise control. They employ sensors to measure the space between vehicles, enhancing driver ease and safety. By maintaining a secure distance between the two vehicles, they also expand the road's capacity. Â
Automotive Active Safety System Occupant Type Insights
The market is divided into driver, passenger, kid, and pedestrian segments based on occupant type. Due to an increased requirement for driving safety and guidance about lane and direction, the driver sector is anticipated to dominate the market over the projection period.
Automotive Active Safety System Vehicle Type Insights
Passenger vehicles and Commercial vehicles are the vehicle types considered in the study. It is anticipated that the passenger vehicle segment will dominate the worldwide market during the study period. This vehicle type is anticipated to grow at the fastest rate over the same period of time due to greater adoption of safety systems, high demand for active safety systems, and organic growth in the production of luxury cars and SUVs.
Automotive Active Safety System Regional Insights
By Region, the study considers Europe, North America, Asia-Pacific, and the Rest of the World as the top segments.
In light of the presence of significant competitors in the region, the North American automobile active safety system market will dominate. The market growth in this region will also be aided by the rising acceptance rate of contemporary technology and developing economic conditions. Additionally, the North American vehicle safety system market in North America was led by the US, which had the biggest market share, and Canada, which had the quickest rate of growth.
Due to the adoption of stronger safety regulations by several governments and the rising use of curtain and knee airbags in this region, Europe holds the second-largest market share for vehicle active safety systems. The UK market will have the fastest increase while the German market for car active safety systems is currently in the lead.
From 2023 to 2032, the automotive active safety system market in Asia-Pacific is anticipated to develop at the quickest CAGR. This is a result of the rising use of sophisticated electronics and the substantial manufacture of automobiles in nations like South Korea, China, and Japan. Additionally, the Indian automotive active safety system market had the Asia-Pacific region's quickest rate of growth and China's automotive active safety system market had the greatest market share.
Automotive Active Safety System Market Players & Competitive Insights
Numerous international, regional, and local providers can be found in the market for vehicle active safety systems. All of the companies in the industry are vying for the largest possible portion of the market, which is very competitive. Market expansion is significantly impacted by fierce competition, frequent changes to legislation and government policies, and other variables. Cost, product quality, dependability, and aftermarket services are the criteria on which the vendors compete. To remain relevant in a highly competitive market climate, the vendors must offer high-quality, cost-effective active safety solutions.
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) are the top developers of automotive active safety systems listed in the MRFR report.
Automotive Active Safety Systems Market Segmentation
Global Automotive Active Safety System Market, By Product
- Tyre-Pressure Monitoring System
- Lane Departure Warning
- Adaptive Cruise Control
- Night Vision System
- Driver Monitoring
- Anti-Lock Braking System
- Blind Spot Detection
Global Automotive Active Safety System Market, By Occupant Type
- Driver
- Passenger
- Child
- Pedestrian
Global Automotive Active Safety System Market, By Vehicle Type
- Passenger Car
- Commercial Vehicle
Automotive Active Safety System Market Regional Outlook
-
North America- US
- Canada
- Mexico
-
Europe- Germany
- France
- UK
- Rest of Europe
-
Asia-Pacific- China
- Japan
- India
- Rest of Asia-Pacific
-
Rest of the World- Middle East & Africa
- South America
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
