Press release
Automotive Active Safety Systems Market Size Projected To Reach $18.95 Billion By 2034 With A Cagr Of 5.6%
Automotive Active Safety Systems
What Is the Projected Growth of the Automotive Active Safety Systems Market?
The market size of automotive active safety systems has seen robust growth in the past few years. It is projected to expand from $14.49 billion in 2024 to $15.26 billion in 2025, with a compound annual growth rate (CAGR) of 5.3%. The escalation during the historical period can be linked to a rise in traffic mishaps, regulatory requirements, consumer preferences for security, the sway of the insurance industry, and harmonizing with advanced driver assistance systems (ADAS).
In the upcoming years, the automotive active safety systems market is projected to experience robust growth, reaching a market size of $18.95 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.6%. The projected growth within the forecast period can be credited to advancements in autonomous vehicle technology, vehicle-to-everything (v2x) communication, integration of machine learning and artificial intelligence, cybersecurity issues, and the merging of smart infrastructure. The forecast period will also witness significant trends including partnerships between automotive manufacturers and tech providers, heightened consciousness surrounding pedestrian and cyclist safety, improvements in sensor technologies, sensor fusion technology, and driver monitoring systems (DMS).
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What Are the Different Automotive Active Safety Systems Market Segments?
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
Subsegments:
1) By Anti-Lock Braking System (ABS): Electronic Control Unit (ECU), Sensors And Actuators
2) By Driver Monitoring: Drowsiness Detection Systems, Attention Monitoring Systems
3) By Blind Spot DetectionL: Radar-Based Systems, Camera-Based Systems
4) By Night Vision System: Infrared Night Vision Systems, Thermal Imaging Systems
5) By Adaptive Cruise Control: Radar-Based Adaptive Systems, Camera-Based Adaptive Systems
6) By Tire-Pressure Monitoring System (TPMS): Direct TPMS, Indirect TPMS
7) By Lane Departure Warning: Lane Keeping Assist Systems, Lane Departure Prevention Systems
8) By Other Products: Collision Avoidance Systems, Automatic Emergency Braking Systems, Vehicle Stability Control Systems
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What Are the Primary Drivers Shaping the Automotive Active Safety Systems Market?
The rise in popularity for electric vehicles is anticipated to fuel the automotive active safety systems market's expansion in the near future. Electric vehicles are those that run on electricity held in rechargeable batteries or other power storage units. The silent functioning of electric vehicles may make them less conspicuous to pedestrians and other traffic, necessitating the use of active safety systems. These systems, including pedestrian detection and collision avoidance, are Essentials to alert or intervene, warding off prospective accidents. These safety systems actively manage the vehicle's acceleration, braking, and steering to enhance traction, stability, and handling. Consequently, the risk of accidents is reduced, providing a safer journey during the operation of electric cars. For instance, in a document presented by the International Energy Agency, a France-based intergovernmental group, in March 2023, it revealed that the electric car market experienced massive growth as sales crossed 10 million in 2022. In three years, the percentage of electric cars in overall sales has escalated approximately three times, from towards 4% in 2020 to about 14% in 2022. By the end of 2023, this market is set to reach 14 million in sales, reflecting a 35% year-on-year growth. As a result of this growing demand for electric vehicles, the automotive active safety systems market is expanding.
Which Companies Are Leading in the Automotive Active Safety Systems Market?
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
What Trends Are Expected to Dominate the Automotive Active Safety Systems Market in the Next 5 Years?
Leading businesses in the automotive active safety systems market are focusing on creating advanced technological applications, such as next-generation safety measures, to enhance vehicle safety, diminish accidents, and augment driver support features. These referred next-generation safety systems are sophisticated technologies and solutions incorporated into vehicles, machinery, or infrastructure to improve safety via automation, real-time surveillance, and forecasting abilities. For example, in October 2024, Volvo Trucks, a company based in Sweden, introduced an Active Side Collision Avoidance Support system. This system employs radar sensors to identify imminent cyclists and actively engages the truck's brakes to avert collisions when making a turn towards the passenger side. It bolsters driver safety by alerting the driver and stepping in when needed.
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What Are the Top Revenue-Generating Geographies in the Automotive Active Safety Systems Market?
North America was the largest region in the automotive active safety systems market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive active safety systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Active Safety Systems Market?
2. What is the CAGR expected in the Automotive Active Safety Systems Market?
3. What Are the Key Innovations Transforming the Automotive Active Safety Systems Industry?
4. Which Region Is Leading the Automotive Active Safety Systems Market?
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