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Automotive Safety Systems Market Is Predicted To Expand Incrementally In The Forecast Period 2022 - 2031
Automotive Safety Systems Market
The regions covered in the automotive safety systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. Among these regions, North America accounts for the largest automotive safety systems market share.
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The automotive safety systems market consists of sales of automotive safety systems and equipment by entities (organizations, sole traders, and partnerships) that provide safety to passengers in vehicles. Automotive safety systems minimise the risk of injuries, help prevent accidents and mitigate the impacts of collisions. These systems are designed to either work automatically or require drivers to activate them when desired. Common automotive safety systems include seatbelts, airbags, collapsible steering columns, occupant sensing systems, traction control, tyre pressure monitors, anti-lock braking systems (ABS), lane departure warning systems (LDWS), and others.
Key competitors in the automotive safety systems market include Autoliv Inc., Continental AG, ZF Friedrichshafen AG, Valeo, Mobileye, Robert Bosch GmbH, Infineon Technologies AG, Knorr-Bremse AG, Nihon Plast Co., Ltd, Toyoda Gosei Co., Ltd, Delphi Automotive Plc, Magna International, Takata Corporation, Grammer AG, Lear Corporation, Johnson Controls, Toyota Boshoku, Hella KGaA Hueck & Co., Bendix Commercial Vehicle Systems LLC, WABCO Vehicle Control System, Ford Motor Company, and Joyson Safety Systems.
The global automotive safety systems market size is expected to grow from $96.90 billion in 2021 to $105.22 billion in 2022 at a compound annual growth rate (CAGR) of 8.59%. The growth in the market is mainly due to the companies' resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global automotive safety system market size is expected to reach $146.5 billion in 2026 at a CAGR of 8.63%.
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TBRC's report segments the global automotive safety systems market:
1) By Type: Active Safety System, Passive Safety System
2) By Vehicle Type: Passenger Cars, Commercial Vehicles
3) By End-User: OEM, Aftermarket
Read Further On The Automotive Safety Systems Market Here:
https://www.thebusinessresearchcompany.com/report/automotive-safety-systems-global-market-report
The Table of Contents includes:
1. Executive Summary
2. Automotive Safety Systems Market Characteristics
3. Automotive Safety Systems Market Trends And Strategies
4. Impact Of COVID-19 On Automotive Safety Systems
5. Automotive Safety Systems Market Size And Growth
.....
27. Automotive Safety Systems Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Safety Systems Market
29. Automotive Safety Systems Market Future Outlook and Potential Analysis
30. Appendix
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