The Global Automotive Safety System Market is estimated to reach USD 152.7 Billion by 2024 at a CAGR of 10.1 %.
The automotive safety system is designed to provide safety to the vehicle occupants by minimizing injuries caused by sudden jerks or accidents. These systems are classified into two segments, active safety systems, and passive safety systems. An active safety system plays an important role in reducing crashes and accidents by providing the driver with additional assistance in controlling the vehicle. This system is mostly electronic and controlled by a computer onboard. A passive safety system helps to protect vehicle occupants by reducing further injuries during the time of an accident. Seat belts and airbags are the common passive safety systems used in automotive vehicles.
Market Drivers:
Safety is a primary requirement in the automotive sector. Any safety or security failures may result in severe injury or loss of life. Rising vehicle accidents worldwide is driving the demand for automotive safety & security. As per the World Health Organization (WHO), around 1.35 million people annually die due to road accidents. To overcome this situation, International Standards, International Organization for Standardization (ISO 26262), and Society of Automotive Engineers (SAE J3061), have come up with strict vehicle safety and security standards.
Hence rising awareness towards safety & security is expected to drive the automotive safety market during the forecast period.
Growing population and rising per capita income along with favorable foreign direct investment is driving the demand for the vehicle in emerging regions such as China and India. China’s auto sales will continue to grow over the next twenty years. Owing to improving road safety standards and supportive legislations for consumer awareness, the demand for vehicles is growing in emerging markets.
Hence the growth in automotive sales in the emerging regions is expected to boost the automotive safety market during the forecast period.
Market Restraints:
Safety is one of the biggest factors while purchasing a new car however it is associated with high cost. Advanced Driver Assistance Systems (ADAS) is built in a variety of high-tech sensors. This technology helps in preventing sudden jerks and reducing the number of injuries and deaths related to an accident.
However, the high cost and high repair cost of ADAS is expected to restrain the market during the forecast period.
The report on the automotive safety system market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features |
Specifics |
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Historical/Estimated/Forecasted Market Size Years |
2017-2024 |
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Base Year for Market Calculation |
2018 |
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Forecasted Period |
2019-2024 (2019 estimated year, forecasted up to 2024) |
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Measured Units |
Value (USD Million) Volume (Units) |
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Segments Included |
Type, Vehicle Type, and Region |
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Regional Coverage |
Asia-Pacific, North America, Europe, Rest of the World |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Automotive Safety System Market, by Type
Automotive Safety System Market, by Vehicle Type
Automotive Safety System Market, by Region
1 INTRODUCTION
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Regional Coverage
1.5 Research Timeline
1.6 Assumptions
1.7 Limitations
2 RESEARCH DESIGN & SCOPE
2.1 Introduction
2.2 Primary Research
2.2.1 Key Industry Expert Insight
2.3 Secondary Research
2.3.1 Vital Data from Secondary Sources
2.4 Market Size Estimation
2.5 Data Validation & Triangulation
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Introduction
4.2 Drivers
4.2.1. Rising Awareness Towards Safety & Security
4.2.2. Increasing Vehicle Population in Emerging Regions
4.3 Restraints
4.3.1 High Cost of Safety System
4.4 Opportunities
4.4.1 Growing Demand for Electric Vehicle
4.4.2 Increasing Demand for Advanced Safety System
4.5 Challenges
4.5.1 Sustaining Balance Between Cost & Quality
5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
5.1 Introduction
5.1.1. Power of Buyers
5.1.2. Power of Suppliers
5.1.3. Intensity of Competition
5.1.4. Challenges of Substitutes
5.1.5. Challenges of New Entrants
5.2 Macro-Economic Indicators
6 AUTOMOTIVE SAFETY SYSTEM MARKET BY TYPE, Market Size in USD Million and Units (2017—2024)
6.1 Introduction
6.2 Active Safety System
6.2.1 Anti-Lock Braking Systems (ABS)
6.2.2 Electronic Stability Control (ESC)
6.2.3 Tire Pressure Monitoring System (TPMS)
6.2.4 Lane Departure Warning System (LDWS)
6.2.5 Adaptive Cruise Control (ACC)
6.2.6 Driver Monitoring System (DMS)
6.2.7 Blind Spot Detection (BSD)
6.2.8 Night Vision System (NVS)
6.2.9 Others
6.3 Passive Safety System
6.3.1 Airbag
6.3.2 Seatbelt
6.3.3 Occupant Sensing System
6.3.4 Whiplash Protection
6.3.5 Child Safety System
6.3.6 Pedestrian Safety System
6.3.7 Others
7 AUTOMOTIVE SAFETY SYSTEM MARKET BY VEHICLE TYPE, Market Size in USD Million and Units (2017—2024)
7.1 Introduction
7.2 Internal Combustion Engine (ICE)
7.3 Electric Vehicles (EVs)
7.4 Others
8 AUTOMOTIVE SAFETY SYSTEM MARKET BY REGION, Market Size in USD Million and Units (2017—2024)
8.1 North America
8.1.1 US
8.1.2 Canada
8.1.3 Mexico
8.2 Europe
8.2.1 Germany
8.2.2 UK
8.2.3 France
8.2.4 Italy
8.2.5 Spain
8.2.6 Norway
8.2.7 Rest of Europe
8.3 Asia-Pacific
8.3.1 China
8.3.2 India
8.3.3 Japan
8.3.4 South Korea
8.3.5 Australia
8.3.6 Rest of Asia-Pacific
8.4 Middle East & Africa Rest of the World
8.4.1 Iran
8.4.2 Brazil
9 COMPETITIVE LANDSCAPE
9.1 Introduction
9.2 Market Ranking/Share Analysis of Key Companies
9.3 Company Benchmarking
10 COMPANY PROFILES
10.1 Robert Bosch GmbH
10.1.1 Company Overview
10.1.2 Financial Overview
10.1.3 Products/Solutions/Services Offered
10.1.4 Key Developments
10.1.5 SWOT Analysis
10.2 Autoliv Inc.
10.3 DENSO CORPORATION
10.4 Magna International Inc.
10.5 Continental AG
10.6 ZF Friedrichshafen AG
10.7 HYUNDAI MOBIS
10.8 Mobileye
10.9 Valeo SA
10.10 Joyson Safety Systems
10.11 Others
11 APPENDIX
11.1 Key Industry Expert Insights
11.2 Primary Discussion Guide
11.3 Customization Options
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain