The Automotive Active Safety Systems Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Automotive Active Safety Systems Global Market Report 2024, The automotive active safety systems market size has grown rapidly in recent years. It will grow from $44.23 billion in 2023 to $49.13 billion in 2024 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to increasing traffic accidents, regulatory mandates, consumer demand for safety, insurance industry influence, integration with advanced driver assistance systems (adas).
The automotive active safety systems market size is expected to see strong growth in the next few years. It will grow to $70.81 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to autonomous vehicle development, vehicle-to-everything (v2x) communication, machine learning and ai integration, cybersecurity concerns, smart infrastructure integration. Major trends in the forecast period include collaboration between automakers and technology providers, rising awareness of pedestrian and cyclist safety, advancements in sensor technologies, sensor fusion technology, driver monitoring systems (dms).
The increasing demand for electric vehicles is expected to propel the growth of the automotive active safety systems market going forward. Electric vehicles refer to vehicles that are powered by electricity stored in rechargeable batteries or other energy storage devices. Due to the quiet operation of electric vehicles, which may make them less noticeable to pedestrians and other road users, the implementation of active safety systems, including pedestrian detection and collision avoidance, becomes crucial to provide warnings or interventions and prevent potential accidents. They aim to improve traction, stability, and maneuverability by actively controlling the vehicle's acceleration, braking, and steering, thereby reducing the risk of accidents and improving overall safety during EV operation. For instance, in March 2023, according to a report published by the International Energy Agency, a France-based intergovernmental organization, electric car markets were seeing exponential growth as sales exceeded 10 million in 2022. The share of electric cars in total sales has more than tripled in three years, from around 4% in 2020 to 14% in 2022, and is expected to see 14 million in sales by the end of 2023, experiencing a 35% year-on-year surge. Therefore, the increasing demand for electric vehicles is driving the growth of the automotive active safety systems market.
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The automotive active safety systems market covered in this report is segmented –
1) By Product Type: Anti-Lock Braking System, Driver Monitoring, Blind Spot Detection, Night Vision System, Adaptive Cruise Control, Tire-Pressure Monitoring System, Lane Departure Warning, Other Products
2) By Sensor Type: Camera Sensor, Radar Sensor, Lidar Sensor
3) By Application: Passenger Cars, Light Commercial Vehicle, Heavy Commercial Vehicle, SUVs
Top Major Players:
Robert Bosch GmbH
ZF Friedrichshafen
Continental AG
Hyundai Mobis
Magna International
North America was the largest region in the automotive active safety systems market in 2023.
Major companies operating in the automotive active safety systems market are focused on developing advanced technological solutions, such as driver monitoring systems (DMS), to meet larger customer bases, increase sales, and increase revenue. A driver monitoring system (DMS) is a technology designed to track and analyze the behavior and condition of a vehicle's driver. For instance, in March 2021, Smart Eye AB, a Sweden-based artificial intelligence company, launched the AIS for the automotive aftermarket. The AIS stands out as a high-quality and cost-effective automotive-grade driver monitoring system, tailored for commercial vehicle fleets and the automotive aftermarket. Specifically designed to address challenges faced by drivers during long-distance journeys and night shifts, the AIS employs gaze tracking technology to ensure drivers maintain focus on the road, consequently reducing the occurrence of road accidents. With a commitment to enhancing safety for drivers, passengers, pedestrians, and other road users, the AIS incorporates advanced features, including the ability to recognize faces, even when partly covered by masks or sunglasses. By closely monitoring the driver's eye, face, and head movements, the system detects potential distractions such as eating, drinking, smoking, or phone use while also issuing alerts at the first signs of drowsiness.
The automotive active safety systems market report table of contents includes:
1. Executive Summary
2. Automotive Active Safety Systems Market Characteristics
3. Automotive Active Safety Systems Market Trends And Strategies
4. Automotive Active Safety Systems Market - Macro Economic Scenario
5. Global Automotive Active Safety Systems Market Size and Growth
…..
32. Global Automotive Active Safety Systems Market Competitive Benchmarking
33. Global Automotive Active Safety Systems Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automotive Active Safety Systems Market
35.Automotive Active Safety Systems Market Future Outlook and Potential Analysis
36. Appendix
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Global Automotive Active Safety System Market was valued at USD 46.67 billion in 2021and is expected to reach USD 131.73 billion by the year 2027, at a CAGR of 16.14%.Automotive active safety systems are developed to provide safety to the customer and make the experience better.
This system includes automated lighting, adaptive cruise control, automate braking, incorporate traffic warnings, connect to smartphones, alerting the driver about the blind spots and other dangers etc.
Major active safety system manufacturers also have to enter into strategic alliances with local dealers and automotive manufacturers to compensate for rules & regulations about doing business in certain countries.This report presents a detailed analysis of the Automotive Active Safety System Market consumption trends globally, historic, and forecasts consumption volumes and values at the market and category level.
It also provides indispensable data on brand share, distribution channels, profiles of companies active in the global Automotive Active Safety System market along with the latest industry news, in addition to mergers and acquisitions.
This allows domestic and foreign companies to identify the market dynamics to account for sales overall and to know which categories and segments are showing growth in the coming years.To have a snippet of the report, request Report Sample @:https://introspectivemarketresearch.com/request/3548 Leading companies reviewed in the Automotive Active Safety System Market report are:Bosch, Continental, Delphi, ZF Friedrichshafen, Autoliv,Takata,Bendix CVS,FLIR Systems,Hella,Hyundai Mobis,Infineon Technologies,Toyoda Gosei,Freescale Semiconductor,Navteq,Valeo The growing vehicle fleet and the consequent rise in the focus on vehicle safety are the key factors driving the demand for automotive active safety systems.
As a rise in the number of vehicles leads to an increase in the risk of road fatalities, the governing authorities in both the developed and developing regions are introducing stringent regulations for enhancing road safety.
The automotive active safety system market is growing at a rapid pace across the globe.
Besides, the rising rate of road collisions and accidents that often turn into fatal ones creates a vast demand for active safety features such as automated lighting, automatic braking, and adaptive cruise control.Moreover, the proliferation of smartphones and smart connected devices that incorporate traffic warnings escalate market growth.
According to Market Research Future (MRFR), the global automotive active safety system market is projected to register approximately 10.65% CAGR throughout the review period (2017 to 2023).
Stringent government regulations for light vehicle active safety are the current global industry trends.Get Sample Report Here@ https://www.marketresearchfuture.com/sample_request/5469 Advances in automotive safety technology and the causal role these upgrades play in collision avoidance and mitigating the risk of an accident influence the growth of the market.
Nevertheless, augmenting demand for safety technologies and the increasing unit sale worldwide would support the market growth, increasing the uptake of active safety systems in the vehicles.Automotive Active Safety System Market – SegmentationsThe report is segmented into four dynamics; By Products : Lane Departure Warning, Tyre-Pressure Monitoring System, Adaptive Cruise Control, Driver Monitoring, Night Vision System, Anti-Lock Braking System, Blind Spot Detection system, and others.By Occupant Types: Driver, Passenger, Pedestrian, and Child.By Vehicle Types - Passenger Cars and Commercial Vehicles.By Regions - Americas, Europe, APAC, and Rest-of-the-World.If you need any specific requirement Ask to our Expert @ https://www.marketresearchfuture.com/enquiry/5469 Global Automotive Active Safety System Market – Regional Analysis North America dominates the global automotive active safety systems.
Besides, the increasing vehicle production and growing demand for automotive safety features drive the regional market.
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.
The need for automotive safety system in automobiles arises from the huge and positive technological development in the automotive sector.
However, chances for mishaps increase radically with such high powered cars, thus, highlighting the need for implementing adequate life saving measures.
Secondly, automotive consumers have become more aware of road safety measures that should be incorporated.
The global automotive safety system market is estimated to grow at a CAGR of approx.
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.
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The report contains 114 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
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Region-wise Analysis Global Light Vehicle Active Safety Systems Industry Market covers: • North America • Europe • China • Japan • Southeast Asia • India The Report covers in-depth analysis as follows: • Chapter 1 Light Vehicle Active Safety Systems Industry Market Overview • Chapter 2 Global Economic Impact on Light Vehicle Active Safety Systems Industry • Chapter 3 Global Light Vehicle Active Safety Systems Industry Market Competition by Manufacturers • Chapter 4 Global Light Vehicle Active Safety Systems Industry Production, Revenue (Value) by Region (2013-2018) • Chapter 5 Global Light Vehicle Active Safety Systems Industry Supply (Production), Consumption, Export, Import by Regions (2013-2018) • Chapter 6 Global Light Vehicle Active Safety Systems Industry Production, Revenue (Value), Price Trend by Type • Chapter 7 Global Light Vehicle Active Safety Systems Industry Market Analysis by Application • Chapter 8 Global Light Vehicle Active Safety Systems Industry Manufacturers Analysis • Chapter 9 Light Vehicle Active Safety Systems Industry Manufacturing Cost Analysis • Chapter 10 Industrial Chain, Sourcing Strategy and Downstream Buyers • Chapter 11 Marketing Strategy Analysis, Distributors/Traders • Chapter 12 Market Effect Factors Analysis • Chapter 13 Global Light Vehicle Active Safety Systems Industry Market Forecast (2018-2023) Buy Light Vehicle Active Safety Systems Market analysis & forecast 2018-2023 Report along with complete TOC https://www.upmarketresearch.com/buy/Global-Light-Vehicle-Active-Safety-Systems-Industry-Market-Analysis-Forecast-2018-2023 “Light Vehicle Active Safety Systems Market Analysis and Forecast 2018-2023” report helps the clients to take business decisions and to understand strategies of major players in the industry.
