Active & Passive Automotive Safety Systems Market 2021 is estimated to clock a modest CAGR status during the forecast period 2021-2027 With Top Countries Data - ZF-TRW, Autoliv, Joyson Safety Systems, Continental, Robert Bosch, Denso, Toyota Gosei

The “Active & Passive Automotive Safety Systems Market” report provides 2021-2027 a detailed market overview based on current and future trends that will determine the profit structure. Market size, demand, supply chain, market growth factors, and future trends. It involves an in-depth study of the current trends leading to this vertical trend in different regions. The report provides important information related to components and factors such as market size, market share, market segmentation, main growth drivers, and market competition. Active & Passive Automotive Safety Systems market segments are highlighted by type and application, region, and major players. It provides key statistics on the market conditions of major market participants.

“The Active & Passive Automotive Safety Systems Market is predicted to register a CAGR of 10% over the forecast period 2021 – 2027.”

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Key Competitors of the Active & Passive Automotive Safety Systems market is:

ZF-TRW, Autoliv, Joyson Safety Systems, Continental, Robert Bosch, Denso, Toyota Gosei, Mobileye, Nihon Plast, Jinheng Automotive Safety System, Hyundai Mobis, Aisin, Tokai Rika, Ashimori Industry, MANDO

Recent Development

Robert Bosch

Robert Bosch has a strong global footprint with an extensive channel of multiple manufacturing facilities and suppliers of various automobile parts and services. The company is focused on producing technologically advanced, efficient, and greener products for its customers. The company is looking to seize opportunities in emerging markets by concentrating on electrification, connectivity, and automation. Robert Bosch is trying to develop new technologies for safety systems that can provide a safe and comfortable driving experience. Robert Bosch has also inorganically grown through strategic regional expansions. For instance, the company is expanding its manufacturing facilities in Thailand and China by investing USD 98.1 million and USD 122.7 million, respectively. This strategic move can provide the company with a great advantage in the global automotive safety system market.

ZF

In May 2020, ZF acquired WABCO with a vision to become a world leader in commercial automotive systems and improve the existing digital platforms in the market. In January 2021, ZF also launched a new electric vehicle braking system for regenerative braking to improve battery efficiency.

Continental 

Continental has acquired 19 companies, including 9 in the last 5 years. A total of 1 acquisition came from private equity firms. Continental’s largest acquisition to date was in 2014 when it acquired Veyance Technologies for $1.9B. Continental has acquired in 5 different US states, and 8 countries. The Company’s most targeted sectors include automotive (58%) and software (16%).

Impact of COVID-19 on the Active & Passive Automotive Safety Systems Market:

The rise of COVID-19 has tempered showcase improvement; anyhow, the market is consistently choosing up-tempo because of growing lockdowns. The fast increment in CAGR is thanks to the request and extension of this marketplace, which is a practicality to come to pre-pandemic ranges once the large, is gone.

Major Types covered are:

Active Safety System
Passive Safety System

Major Applications covered are:

Passenger Cars
Commercial Vehicle

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The Asia Pacific dominates the market:

The Asia Pacific region is estimated to dominate the global automotive safety system market, in terms of value. The rising consumer income levels increased vehicle production in developing countries such as India and China, and an increase in the number of luxury vehicles in countries such as Japan fuel the growth of this market in the Asia Pacific region. The complexity and the high cost of features are the key restraint for the growth of this market. These systems comprise micro-controller units, electronic control units, and various sensors such as ultrasonic, image, radio or laser sensors, and infrared sensors. These components increase the complexity of the safety features, thereby raising the cost. Currently, a limited class of buyers can afford driver assistance features. This could restrain the growth of this market.

Regional market Active & Passive Automotive Safety Systems (regional production, demand and forecast by country):

South America (Brazil, Argentina, Ecuador, Chile)

Asia Pacific (China, Japan, India, Korea)

Europe (Germany, UK, France, Italy)

Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And more.

The inquire approximately record considers the past, display, and destiny execution of the global market. The record advances investigations the display aggressive situations, most important trade models, and consequently the possible headways in services with the aid of using crucial gamers inside the upcoming years.

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Report Features:

To project the value and sales volume of the Active & Passive Automotive Safety Systems market, concerning key regions.
To analyses competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To study and analyses the global Active & Passive Automotive Safety Systems market size (value & volume) by company, key regions, products, and end-user, breakdown data from The Last Five Years, and forecast to 2027.
To understand the structure of the Active & Passive Automotive Safety Systems market by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, industry-specific challenges, and risks).

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