The latest report by IMARC Group, titled ‘Automotive Active Safety System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,’ provides an extensive analysis of the automotive active safety system market share analysis. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global automotive active safety system market size reached US$ 15.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 51.6 Billion by 2032, exhibiting a growth rate (CAGR) of 14% during 2024-2032.
Automotive Active Safety System Overview:
An automotive active safety system refers to the collection of advanced technologies and features integrated into vehicles to prevent accidents and ensure the safety of passengers and pedestrians. These systems proactively identify potential hazards on the road, offering real-time solutions to avoid collisions. The manufacturing of active safety systems involves a sophisticated combination of sensors, cameras, radar, and software algorithms, which work together to monitor the vehicle's surroundings and driver's actions. The importance of automotive active safety systems lies in their potential to significantly reduce traffic accidents, fatalities, and injuries, promoting safer driving environments. The benefits extend beyond safety, enhancing driving comfort and efficiency and contributing to the evolution of autonomous vehicles.
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Global Automotive Active Safety System Market Trends:
The global market is primarily driven by the escalating demand for safer vehicles, stimulated by consumer awareness and stringent regulatory standards. Governments and safety organizations worldwide are increasingly mandating the inclusion of active safety features in new vehicles, pushing automakers to innovate and expand their safety offerings. Additionally, continual advancements in technology, such as machine learning and artificial intelligence, are enabling more sophisticated and reliable active safety systems, it is not only improving system efficacy but also driving down costs, making these systems accessible to a wider range of consumers is driving market growth. Moreover, the shifting trend towards autonomous driving and the electrification of vehicles is further promoting the market. Furthermore, the growing public and corporate emphasis on road safety is fostering a conducive environment for the adoption of these technologies is impelling market growth. In line with this, the rising proliferation of connected car technologies and the Internet of Things (IoT) is paving the way for more intelligent and integrated active safety systems is fueling market demand.
Key Players in the Automotive Active Safety System Industry:
The competitive landscape of the industry has also been examined along with the profiles of the key players being:
Robert Bosch GmbH
Continental AG
Delphi Group
ZF Friedrichshafen AG
Autoliv
Hyundai Mobis
Valeo SA
DENSO Corporation
Magna International
FLIR Systems
Infineon Technologies AG
FICOSA GROUP
Peugeot S.A.
Borg Warner Inc.
CAx Software Private Limited
Market Segmentation:
Breakup by Product:
Tyre-Pressure Monitoring System
Lane Departure Warning
Adaptive Cruise Control
Night Vision System
Driver Monitoring
Anti-Lock Braking System
Blind Spot Detection
Others
Breakup by Vehicle Type:
Passenger Cars
Light Commercial Vehicle
Heavy Commercial Vehicles
Others
Breakup by Fuel Type:
Diesel Vehicles
Petrol Vehicles
Electric Vehicles
Others
Breakup by Offering:
Hardware
Software
Breakup by Region:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
Market Performance
Market Outlook
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
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