Automotive Active Safety Systems Market Growth Accelerates: Strategic Forecast Predicts $18.95 Billion by 2029

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What Will the Automotive Active Safety Systems Industry Market Size Be by 2025?
There has been significant growth in the automotive active safety systems market in the last few years. The market value is expected to increase from $14.49 billion in 2024 to $15.26 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 5.3%. The upward trend during the historical period is due to a rise in vehicular accidents, enforceable regulatory requirements, enhanced consumer demand for security, the impact of the insurance industry, and the incorporation of advanced driver assistance systems (ADAS).

What's the Long-Term Growth Forecast for the Automotive Active Safety Systems Market Size Through 2029?
Anticipated for robust expansion in the coming years, the market size of automotive active safety systems is projected to reach $18.95 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.6%. The predicted growth during the forecast period is increased by factors such as the development of autonomous vehicles, the implementation of vehicle-to-everything (v2x) communication, the incorporation of machine learning and artificial intelligence, cyber security considerations, and the integration of smart infrastructure. Major trends during the forecast period encompasses collaborations between automobile manufacturers and technology providers, growing consciousness towards pedestrian and cyclist safety, advancements in the field of sensor technologies, sensor fusion technology, and the implementation of driver monitoring systems (DMS).

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What Are the Key Growth Drivers Fueling the Automotive Active Safety Systems Market Expansion?
The rise in demand for electric vehicles is projected to significantly contribute to the expansion of the automotive active safety systems market. Electric vehicles, which utilize rechargeable batteries or other energy storage devices to operate, are rapidly growing in popularity. The near-silent operation of these vehicles could make them less perceptible to pedestrians and other road users. This makes it critical to integrate active safety systems like pedestrian detection and collision avoidance. These systems are designed to enhance traction, stability, and navigability by actively managing the vehicle's acceleration, braking, and steering. This not only minimizes the likelihood of accidents but also bolsters overall safety during the operation of electric vehicles. For example, per a report by the France-based International Energy Agency in March 2023, electric car markets witnessed exponential growth with sales surpassing 10 million in 2022. The proportion of electric cars in total sales has seen a threefold increase in three years, moving from approximately 4% in 2020 to 14% in 2022, with sales of 14 million anticipated by the end of 2023, epitomizing a 35% year-on-year surge. Consequently, the burgeoning demand for electric vehicles serves as a key driving factor for the growth of the automotive active safety systems market.

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What Are the Key Trends Driving Automotive Active Safety Systems Market Growth?
Leading corporations in the domain of automotive active safety systems are earnestly focusing their efforts on engineering cutting-edge technological solutions, such as next-gen safety mechanisms, with an aim to amplify vehicle security, minimize the risk of accidents, and bolster features that assist drivers. When we refer to next-generation safety mechanisms, we're talking about advanced tech solutions assimilated into vehicles, machines, or structures that significantly elevate safety by incorporating automation, real-time monitoring, and predictive capabilities. For instance, Volvo Trucks, a manufacturing company originating from Sweden, launched an advanced Active Side Collision Avoidance Support system in October 2024. This system deploys radar sensors to identify approaching cyclists and proactively activate the truck's brakes, precluding potential collisions when maneuvering towards the passenger side. Not only does it increase the safety factor for the driver by issuing alerts, but it can also autonomously intervene when deemed necessary.

How Is the Automotive Active Safety Systems Market Segmented?
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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Which Companies Are Leading the Charge in Automotive Active Safety Systems Market Innovation?
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

Which Regions Are Leading the Global Automotive Active Safety Systems Market in Revenue?
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.

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