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Automotive Safety System Market Future Scope and Latest Trends Analysis Report

02-11-2024 05:49 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: InsightAce Analytic Pvt.Ltd

/ PR Agency: InsightAce Analytic Pvt.Ltd
Automotive Safety System Market Future Scope and Latest Trends

Automotive Safety System Market is to reach over USD 280.19 billion by the year 2031 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Automotive Safety System Market Size, Share & Trends Analysis Report By Technology (Active (ABS, ESC, BSD, LDWS, TPMS) and Passive (Airbag, Pedestrian and Whiplash Protection)), On-highway (PC, LCV, Buses, Trucks), Off-highway (agriculture and construction vehicles), Electric vehicles (battery EV, fuel cell EV, hybrid EV, and plug-in hybrid EV), Offering (Hardware, Software)- Market Outlook And Industry Analysis 2031"

The Global Automotive Safety System Market is estimated to reach over USD 280.19 billion by 2031, exhibiting a CAGR of 8.94% during the forecast period.

Get Free Sample Copy of Report : https://www.insightaceanalytic.com/request-sample/1730

Active safety in the automotive industry is a preventative system that assists the driver in maintaining vehicle control, preventing or reducing road incidents, and enhancing the driving experience in a variety of road conditions. The technology assists the driver in keeping the vehicle in the correct lane and identifies blind spots that could cause accidents or other issues. The vehicles are equipped with advanced safety technology and automated driving features, such as passenger sensing systems, electrochromic mirrors or auto-dimming mirrors, padded knee bolsters, and energy-absorbing steering systems, to prevent passengers from suffering serious injuries. Government regulations pertaining to vehicle safety, the rising number of accidents, the rising demand for luxury vehicles, the rising purchasing power of consumers, and the rising demand for passenger vehicles in emerging economies are some of the market trends that are anticipated to contribute to the growth of the market.

List of Prominent Players in the Automotive Safety System Market:
• Autoliv AB
• Continental AG
• Delphi Automotive Plc
• Denso Corporation
• Hyundai Mobis
• Infineon
• Johnson Electric Holdings Limited (Hong Kong)
• Knorr-Bremse
• Magna International Inc.
• Mobileye N.V. (Israel)
• Robert Bosch GMBH
• Takata Corporation
• TRW Automotive (U.S.)
• Valeo
• ZF Friedrichshafen

Market Dynamics:
Drivers-
The government laws linked to vehicle safety, the increase in demand for a safe, effective, and suitable driving experience and the rising demand for luxury cars are likely to drive the growth of the automotive safety system market during the forecast period. On the other hand, sophisticated and expensive features, as well as software faults in applications, are a few of the reasons that are expected to restrict the growth of the automotive safety system market over the forecast period. Furthermore, the debut of self-driving cars and the growing demand for electric vehicles will present favorable prospects for the expansion of the automotive safety system market in the future years.

Challenges:
Threats to safety and maintaining a price-quality balance may provide further challenges to the growth of the automotive safety system market in the near future. Passive safety systems' high installation and repair costs are projected to limit market expansion. Additionally, national and international travel have been hampered as a result of the lockdown applied in many nations, which has greatly disrupted the supply chain of numerous sectors around the world, consequently increasing the supply-demand gap. As a result, a lack of raw material supply is likely to slow the manufacturing rate of automobile safety systems, severely impacting the market growth.

Regional Trends:
In terms of revenue, the North American Automotive Safety System Market is anticipated to hold a significant market share and is anticipated to expand at a high CAGR in the near term. The United States (US) will continue to lead the North American active safety systems market, while China and India will lead the Asia-Pacific passive safety systems market. The Asia-Pacific region's need for passive safety systems is driven by rising automobile production, higher passive safety system content per vehicle, mainly in China and India, and increasingly stringent laws.
Curious about this latest version of the report? @
https://www.insightaceanalytic.com/enquiry-before-buying/1730
Recent Developments:
• In May 2022, GM announced a collaborative agreement with INRIX Inc. to supply safety solutions data directly to the US Department of Transportation via its analytics-assisted cloud-based application as part of its Safety View by GM Future Roads & Inrix project.

Segmentation of Automotive Safety System Market-
By Technology-
• Active Safety Systems
o Anti-lock braking systems
o Automatic emergency braking
o Blind spot detection
o Electronic brake force distribution
o Electronic stability control
o Forward-collision warning
o Lane departure warning systems
o Traction control system
o Tire pressure monitoring systems
• Passive Safety Systems
o Occupant Protection
 Seatbelts
 Airbags
o Pedestrian Protection Systems
 Pedestrian Protection Airbag
 Active Hood Lifters
o Whiplash Protection Systems
By On-Highway Vehicle-
• Buses
• Light Commercial Vehicles
• Passenger Cars
• Trucks
By Off-Highway Vehicle-
• Agriculture Vehicle
• Construction Vehicle
By Electric Vehicle System-
• Battery Electric Vehicle
• Fuel cell Electric Vehicle
• Hybrid Electric Vehicle
• Plug-in Hybrid Electric Vehicle
By Offering
• Hardware
• Software
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

For More Customization @

https://www.insightaceanalytic.com/report/automotive-safety-system-market/1730

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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions.
Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses.
We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products.
Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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