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Automotive Safety Systems Market is estimated to grow at a CAGR of 7.8% within the forecast period of 2023-2030: Cognitive Market Research
Automotive Safety Systems Market is estimated to grow at a CAGR of 7.8% within the period of 2023-2030: Cognitive Market Research
• Automotive safety systems refer to the sector of the economy that is involved in the creation, production, and use of various technologies and safety features in cars. These systems are primarily intended to reduce the probability of collisions, safeguard passengers within the vehicle, and lessen the degree of injuries in the case of a collision or other dangerous circumstances on the road.
Several different technologies and parts are included in automotive safety systems, which together improve vehicle safety. Active Safety Systems are intended to lessen the effects of accidents or even prevent them altogether. By preventing wheel locking during braking, the Anti-lock Braking System (ABS) enables the driver to keep control of the steering. By applying individual brakes and lowering engine power to prevent skidding or loss of control, Electronic Stability Control (ESC) contributes to maintaining vehicle stability.
Summary:
• As per Cognitive Market Research, Global Automotive Safety Systems market size was USD 104.2 Billion in 2022. Automotive Safety Systems Industry's Compound Annual Growth Rate will be 7.8% from 2023 to 2030.
To know more The Automotive Safety Systems Market Insights click here: https://www.cognitivemarketresearch.com/automotive-safety-systems-market-report
Automotive Safety Systems Market Dynamics:
• Increasing awareness towards the safety and security of passengers significantly drives the market growth
Increasing awareness among consumers about the importance of safety features in vehicles is driving the demand for the automotive safety systems market. Consumers are becoming more conscious of the risks related to driving and are seeking vehicles with advanced safety technologies to ensure their well-being. In addition, safety is an important requirement in the automotive industry and any failure in safety or security results in serious harm or death. The increasing number of road accidents worldwide is a major driver for automotive safety systems. Furthermore, governments and organizations are increasingly focusing on reducing accidents and mortalities.
• Increasing vehicle population in developing regions is significantly driving the automotive safety system market growth
Automotive Safety Systems Market Segmentation:
Technology:
• Active Safety System
• Passive Safety System
The passive safety system segment has dominated the automotive safety systems market in terms of revenue share during the forecast period. This is attributed to passive safety systems are intended to keep car occupants safe in the case of an accident. In addition, these systems include seat belts, airbags, crumple zones, and structural integrity enhancements.
Vehicle Type:
• On-Highway Vehicle
• Off-Highway Vehicle
• Electric Vehicle
Offering:
• Hardware
• Software
Competitive Analysis for Automotive Safety Systems Market: Delphi Automotive PLC, Continental AG, Denso Corporation, Magna International Inc., Robert Bosch GmbH., TRW Automotive, Johnson Electric Holdings Limited., Mobileye, Continental AG, Infineon Technologies AG
Get free sample pages of the latest published Automotive Safety Systems Market Report: https://www.cognitivemarketresearch.com/automotive-safety-systems-market-report#request_sample
Regional Analysis:
- Based on region, North America is dominating the automotive safety system market share throughout the forecast period. This is due to the increasing adoption of advanced safety technologies and the implementation of stringent safety regulations in the region. For instance, the United States has the National Highway Traffic Safety Administration (NHTSA), which sets safety standards and regulations for vehicles.
Company Profile
• Robert Bosch Gmbh
Robert Bosch Gmbh is a Germany-based global manufacturer and supplier of technology and services. It employs roughly 3,95,000 employees worldwide. Robert Bosch Gmbh operations are divided into four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. The company operates through 440 subsidiaries and approximately 60 regional companies along with 16 manufacturing sites.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Automotive Safety Systems Market
Chapter 4 Global Automotive Safety Systems Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
• 5.1 Global Automotive Safety Systems Market Revenue and Share by Manufacturers (2018-2022)
• 5.2 Global Automotive Safety Systems Industry Mergers and Acquisition Analysis
• 5.3 Global Automotive Safety Systems New Launches Analysis
• 5.4 Company Categorization
• 5.5 Global Automotive Safety Systems Top Winning Strategies, by Manufacturers (2018-2022)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Automotive Safety Systems Market by Technology Segmentation Analysis (2018-2030)
Chapter 10 Global Automotive Safety Systems Market by Vehicle Type Segmentation Analysis (2018-2030)
Chapter 11 Global Automotive Safety Systems Market by Offering Segmentation Analysis (2018-2030)
Chapter 12 Global Automotive Safety Systems Market Regional Analysis
Chapter 13 North America Automotive Safety Systems Market Outlook (2018 - 2030)
Chapter 14 Europe Automotive Safety Systems Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Automotive Safety Systems Market Outlook (2018 - 2030)
Chapter 16 Latin America Automotive Safety Systems Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Automotive Safety Systems Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about Automotive Safety Systems Market TOC click here: https://www.cognitivemarketresearch.com/automotive-safety-systems-market-report#table_of_contents
Related report:
• Automotive Safety Electronics Market - https://www.cognitivemarketresearch.com/automotive-safety-electronics-market-report
• Safety System Market - https://www.cognitivemarketresearch.com/safety-system-market-report
• Automotive ABS Actuator Market - https://www.cognitivemarketresearch.com/automotive-abs-actuator-market-report
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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