Key Companies in Automotive Safety System Market analyzed are for market analysis 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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Automotive Safety System Global Market Overview:
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 based on North America, Asia Pacific, Europe, and Rest of the World. The Asia Pacific region has been undergoing unprecedented sales of automobiles consistently for the last couple of decades. India, with its growing economic status, and China, with its cheap labor and being one of the largest economies in the world, have made this region a consistent target for the automotive industry. Automakers consider this region as the automotive base for global operations for the next 5-10 years. The North America region has been the market with the highest automotive sales for many decades. Large amounts of migration coupled with high per capita income makes this market consistently register high automotive sales for consecutive years. The Europe region is known for manufacturing some of the most futuristic cars, and hence, the Europeans are rightly called the trendsetters of the global automotive community in terms of setting the path for the next automotive technology. The safety system can be called futuristic in some aspects owing to the large syndicated use of electronics and traditional mechanical components. Thus, the consistently increasing automotive sales throughout the global automotive market makes it imperative and much safer to purchase and drive an automobile with the incorporation of the automotive safety system, thus stressing on its immense potential.
The scope of the Report
This study provides an overview of the Global Automotive Safety System Market, tracking four 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 Safety System Market by its Active Technology, Passive Technology, Fuel Used, Offering, Vehicle Type, and Region.
Table of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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