Automotive Safety System Market 2021 Insights and Precise Outlook - ZF-TRW, Autoliv, Joyson Safety Systems, Continental, Robert Bosch

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the Automotive Safety System market segments which include products, applications, and competitor analysis. The report also includes a detailed study of key companies to provide insights into business strategies, company summary, financial summary, business strategy and planning, SWOT analysis and current developments adopted by various players in order to sustain competition in this highly competitive environment.

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The automotive safety systems market accounted for USD 88 billion in 2020, and it is expected to reach USD 120 Billion by 2026, projecting a CAGR of over 6% during the forecast period.

Top Companies in the Global Automotive Safety System Market: 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 

Industry News:

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.

Market Overview:

North America is expected to account for a major share of the market studied, especially in the United States, as most new-generation passenger cars are likely to be equipped with Adaptive Cruise Control (ACC) and blind-spot detection (BSD), as standard features. Companies, such as Continental AG, Robert Bosch, ZF Group, and Denso Corporation, are the major players in the market studied. Advanced driver assistant systems (ADAS) are in high demand, owing to the number of accidents occurring on high-speed roads every year. OEMs are continuously engineering and pioneering crucial safety systems on cars, trucks, and other automobiles. Governments of many countries worldwide are making certain important safety regulations to standardize the systems across all vehicles.

Market Segmentation by Types:

Active Safety System

Passive Safety System

Market Segmentation by Applications:

Passenger Vehicle

Commercial Vehicle

The study objectives of this report are:

-An overview of the global market for Global Automotive Safety System Market and related technologies.
-Analyses of global market trends, with data from 2020, and projections of compound annual growth rates (CAGRs) through 2027.
-Identifications of new market opportunities and targeted promotional plans for Global Automotive Safety System Market.

-Discussion of research and development, and the demand for new products and new applications.

Regional Analysis For Automotive Safety System Market:

For extensive understanding of market dynamics, the global Automotive Safety System market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

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Significant Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Automotive Safety System Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Automotive Safety System Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Free customization of the report: This report can be further customized according to the client’s specific requirements.

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