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Automotive Safety Systems Market SWOT Analysis, Profit Growth, Share, Size Outlook By 2032
Automotive Safety Systems Global Market
Automotive Safety Systems Market Size, Growth Rate, And Forecast
The global automotive safety systems market size grew from $106.98 billion in 2022 to $118.12 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive safety systems market size is expected to grow to $173.43 billion in 2027 at a CAGR of 10.1%.
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Automotive Safety Systems Market Drivers
The increasing demand for electric vehicles is expected to put pressure on automotive safety systems during the forecast period. Electric vehicles require safety features such as adaptive cruise control (ACC), blind spot warning, auto braking, lane assist, and others, which drive the market.
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Automotive Safety Systems Market Segments
1) By Type: Active Safety System, Passive Safety System
2) By Vehicle Type: Passenger Cars, Commercial Vehicles
3) By End User: OEM, Aftermarket
● By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the automotive safety systems market.
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Automotive Safety Systems Market Key Players
Major 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.
The Business Research Company's "Global Automotive Safety Systems Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Automotive Safety Systems Market Include:
1. Executive Summary
2. Automotive Safety Systems Market Characteristics
3. Automotive Safety Systems Market Trends And Strategies
4. Automotive Safety Systems Market - Macro Economic Scenario
5. Automotive Safety Systems Market Size And Growth
………
26. Africa Automotive Safety Systems Market
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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