Automotive Safety System Market 2018
Automotive Safety System Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2022. Automotive Safety System Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2022
Automotive Safety System Market Report Information by Active Technology (ESC, LDW, ABS, BSD, TPMS, EBD), by Passive Technology (Pedestrian, Whiplash Protection, Airbag), by Fuel Used (Petrol, Diesel, EV, HEV), by Offering (Software, Hardware), by Vehicle Type (Passenger, LCV and HCV), and by Region – Global Forecast to 2023.
Some of the key players in the automotive safety system market are Delphi Automotive PLC (Aptiv PLC) (U.S.), Continental AG (Germany), Denso Corporation (Japan), Magna International Inc. (Canada), Robert Bosch GmbH (Germany), TRW Automotive (U.S.), Autoliv Inc. (U.S.), Johnson Electric Holdings Limited (Hong Kong), Takata Corporation (Japan) and Mobileye N.V. (Israel).
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The need for automotive safety system in automobiles arises from the huge and positive technological development in the automotive sector. With extensive research and development in the automotive field, high-end and high-performance cars are trending up. However, chances for mishaps increase radically with such high powered cars, thus, highlighting the need for implementing adequate life saving measures.
Several factors aid the growth of the global automotive safety system market. Firstly, increased efforts of automotive manufacturers to building their repute & brand name to maintain the brand goodwill. Secondly, automotive consumers have become more aware of road safety measures that should be incorporated. Thirdly, with the increasing number of high-end and high-performance cars in the market, safety is needed to be upgraded to match the increasing average speeds of automobiles. The global automotive safety system market is estimated to grow at a CAGR of approx. 9% (2017 to 2023).
Automotive Safety System Market by Segmentation:
On the basis of active technology, the most commonly used and widely popular technologies are Tire Pressure Monitoring Systems (TPMS), Lane Departure Warning Systems (LDW), Anti-Lock Braking Systems (ABS), and Blind Spot Detection (BSD). These technologies work real time with the vehicle, engine, and the Central Electronic Processing Unit (CEPU) to constantly create and update the database for crucial parameters of the vehicle. Although technologies, such as Driver Monitoring System (DMS) and Adaptive Cruise Control (ACC), offer a thorough and comforting driving experience, they are quite expensive. Hence, these systems are fit into high end/expensive luxury automobiles. On the basis of passive technology, airbag system is the most economical and efficient, owing to low installation and production cost. On the basis of fuel used, the safety system is installed in all types of vehicles, though the installation is easier in case of the electric vehicles due to less complexity involved in terms of engine functionality and connection between different parameters and the battery operated drive system. On the basis of offering, the hardware safety system is installed primarily due to low complexity and low cost of installation. On the other hand the software system though complex, highly integrated and costly, offers much more precise and reliable safety features.
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. The North America market has the largest number of automobiles per person. The number of automobiles in the U.S. is almost equal (if not more) to the population there. This large population, coupled with one of the world’s best road infrastructure, compels automakers to manufacture high powered vehicles for this market. The Europe market produces some of the most innovative and technologically advanced automobiles which invariably leads to better and faster cars. The Asia Pacific region is said to be the biggest automotive market by the sheer number of automobiles manufactured and sold. Thus, this region has the highest vehicle population All these factors, cumulatively drive the growth of the automotive safety system market at a global level.
The report for Global Automotive Safety System Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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