Automotive Safety Market is expected to grow at a CAGR of 6% during the forecast period| Major Players - ROBERT BOSCH GMBH, DENSO CORPORATION, DELPHI AUTOMOTIVE, MAGNA, AUTOLIV, CONTINENTAL AG, amongst others

Market Analysis:

Asia-Pacific is expected to Dominate the Market

The rising consumer income levels, increased vehicle production in developing countries, such as India and China and increase in the number of luxury vehicles in countries, such as Japan fuel the growth of the automotive safety system market in the Asia-Pacific region.

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Safety systems have become an integral and one of the most in-demand features of a vehicle among the consumers. Due to the rise in accidents across the globe, regulatory bodies have mandate the use of various safety features, like ABS, airbags, certain ADAS features, etc., which has forced the automakers to install such features in a vehicle. Advanced drive assistance features, like lane departure warning, adaptive cruise control, blind spot detection etc. are observed to reduce the risk of accident by warning or helping the driver before an accident occurs. This advancement has created a huge demand for such features for the consumers as vehicles with such features at reasonable costs are increasing in terms of sales at a faster rate.

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Market Segments:
Automotive Safety Market is segmented by:
1. Type: Active(ABS, AEB, BSD, etc.), Passive(Seatbelts, Airbags)
2. Offering: Hardware, Software
3. End-user Sector: OEM, Aftermarket
4. Vehicle Type: Passenger Cars, Commercial Vehicles (Light Commercial Vehicles, Heavy Commercial Vehicles)
5. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments:
• March, 2018: ZF developed automotive industry’s lightest fabric housing knee airbag modules for enhancing the vehicle occupant safety. The company will launch the same with a major vehicle manufacturer in early 2019.

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