Press release
Automotive Active Safety Systems Global Market Size, Revenue, Growth, Industry Insights, Regional Analysis and Forecast Till 2033 | Robert Bosch GmbH, ZF Friedrichshafen, Continental AG, Hyundai Mobis, FLIR Systems
Automotive Active Safety Systems Global Market
The Business Research Company presents an extensive market research report on the Automotive Active Safety Systems Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The automotive active safety systems market size has grown rapidly in recent years. It will grow from $44.23 billion in 2023 to $49.13 billion in 2024 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to increasing traffic accidents, regulatory mandates, consumer demand for safety, insurance industry influence, integration with advanced driver assistance systems (adas).
The automotive active safety systems market size is expected to see strong growth in the next few years. It will grow to $70.81 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to autonomous vehicle development, vehicle-to-everything (v2x) communication, machine learning and ai integration, cybersecurity concerns, smart infrastructure integration. Major trends in the forecast period include collaboration between automakers and technology providers, rising awareness of pedestrian and cyclist safety, advancements in sensor technologies, sensor fusion technology, driver monitoring systems (dms).
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Key Market Players:
Major companies operating in the automotive active safety systems market report are Robert Bosch GmbH, ZF Friedrichshafen, Continental AG, Hyundai Mobis, Magna International, DENSO Corporation, Valeo SA, Aptiv PLC, Borg Warner Inc., TRW automotive, Infineon Technologies, Autoliv Inc., Knorr-Bremse, Toyoda Gosei Co. Ltd., Hella GmbH & Co. KGaA, Bendix Commercial Vehicle Systems LLC, Visteon Corporation, Ficosa International S.A., Mobileye, HERE Technologies, Delphi Technologies, FLIR Systems, PSA Peugeot Citroen (parent Stellantis N.V.), Takata Corporation , Freescale Semiconductor Inc
Market Drivers:
The increasing demand for electric vehicles is expected to propel the growth of the automotive active safety systems market going forward. Electric vehicles refer to vehicles that are powered by electricity stored in rechargeable batteries or other energy storage devices. Due to the quiet operation of electric vehicles, which may make them less noticeable to pedestrians and other road users, the implementation of active safety systems, including pedestrian detection and collision avoidance, becomes crucial to provide warnings or interventions and prevent potential accidents. They aim to improve traction, stability, and maneuverability by actively controlling the vehicle's acceleration, braking, and steering, thereby reducing the risk of accidents and improving overall safety during EV operation. For instance, in March 2023, according to a report published by the International Energy Agency, a France-based intergovernmental organization, electric car markets were seeing exponential growth as sales exceeded 10 million in 2022. The share of electric cars in total sales has more than tripled in three years, from around 4% in 2020 to 14% in 2022, and is expected to see 14 million in sales by the end of 2023, experiencing a 35% year-on-year surge. Therefore, the increasing demand for electric vehicles is driving the growth of the automotive active safety systems market.
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The automotive active safety systems market covered in this report is segmented -
1) By Product Type: Anti-Lock Braking System, Driver Monitoring, Blind Spot Detection, Night Vision System, Adaptive Cruise Control, Tire-Pressure Monitoring System, Lane Departure Warning, Other Products
2) By Sensor Type: Camera Sensor, Radar Sensor, Lidar Sensor
3) By Application: Passenger Cars, Light Commercial Vehicle, Heavy Commercial Vehicle, SUVs
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Automotive Active Safety Systems Market Characteristics
3. Automotive Active Safety Systems Market Trends And Strategies
4. Automotive Active Safety Systems Market - Macro Economic Scenario
5. Global Automotive Active Safety Systems Market Size and Growth
.....
32. Global Automotive Active Safety Systems Market Competitive Benchmarking
33. Global Automotive Active Safety Systems Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automotive Active Safety Systems Market
35. Automotive Active Safety Systems Market Future Outlook and Potential Analysis
36. Appendix
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