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Emerging Growth Patterns Driving Rapid Expansion in the Automotive Active Safety Systems Market
Automotive Active Safety Systems Market
Projected Market Size and Growth Trajectory of the Automotive Active Safety Systems Market
The automotive active safety systems market is forecasted to experience robust growth, reaching a valuation of $19.44 billion by 2030. This expansion corresponds to a compound annual growth rate (CAGR) of 5.4%. Several factors contribute to this upward trend, including the rapid development of autonomous driving technologies, stricter government safety regulations, the growing use of AI-based perception systems, the increasing number of connected vehicles, and reductions in sensor costs. Important trends anticipated during the forecast period include widespread adoption of advanced driver-assistance systems (ADAS), integration of multi-sensor fusion technologies, the broadening of driver assistance capabilities, rising demand for collision avoidance solutions, and growth in semi-autonomous driving features.
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Key Players Leading the Automotive Active Safety Systems Market
Numerous prominent companies dominate this market, such as Robert Bosch GmbH, ZF Friedrichshafen AG, Continental AG, Hyundai Mobis Co., Ltd., Magna International Inc., DENSO Corporation, Valeo SA, Aptiv PLC, BorgWarner Inc., TRW Automotive Holdings Corp., Infineon Technologies AG, Autoliv Inc., Knorr-Bremse AG, Hella GmbH & Co. KGaA, Bendix Commercial Vehicle Systems LLC, Visteon Corporation, Ficosa International S.A., Mobileye N.V., HERE Global B.V., Delphi Technologies PLC, FLIR Systems, Inc., and NXP Semiconductors N.V.
In a notable move, Magna International Inc., a Canadian automotive parts manufacturer, completed the acquisition of Veoneer Active Safety business from SSW Partners in June 2023. This strategic buy strengthens Magna's portfolio in active safety systems, positioning the company as one of the few able to manage the increasing complexity related to sophisticated software, system integration, and product offerings. Veoneer, based in Sweden, specializes in automotive electronics safety systems such as night driving assist, active safety sensors, mono- and stereo-vision cameras, airbag control units, and crash sensors.
Emerging Trends and Innovations Transforming the Automotive Active Safety Systems Market
Companies in this field are actively pursuing next-generation safety technologies designed to improve vehicle protection, reduce accidents, and advance driver assistance features. These cutting-edge systems incorporate automation, real-time vehicle monitoring, and predictive safety capabilities.
For example, in October 2024, Volvo Trucks introduced its Active Side Collision Avoidance Support system. This innovative system employs radar sensors to identify cyclists approaching from the side and automatically applies brakes to prevent collisions during passenger-side turns. It enhances driver safety by providing timely warnings and intervening when necessary to avoid accidents.
View the full automotive active safety systems market report:
https://www.thebusinessresearchcompany.com/report/automotive-active-safety-systems-global-market-report
Detailed Segmentation of the Global Automotive Active Safety Systems Market
This market report categorizes automotive active safety systems based on several dimensions:
1) By Product Type: Anti-Lock Braking System (ABS), Driver Monitoring, Blind Spot Detection, Night Vision System, Adaptive Cruise Control, Tire-Pressure Monitoring System (TPMS), Lane Departure Warning, and other related product types.
2) By Sensor Type: Camera Sensor, Radar Sensor, and Lidar Sensor.
3) By Application: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, and SUVs.
Further breakdown of product types includes:
- Anti-Lock Braking System (ABS): Electronic Control Unit (ECU), Sensors and Actuators
- Driver Monitoring: Drowsiness Detection Systems, Attention Monitoring Systems
- Blind Spot Detection: Radar-Based and Camera-Based Systems
- Night Vision System: Infrared Night Vision, Thermal Imaging Systems
- Adaptive Cruise Control: Radar-Based and Camera-Based Adaptive Systems
- Tire-Pressure Monitoring System (TPMS): Direct and Indirect TPMS
- Lane Departure Warning: Lane Keeping Assist and Lane Departure Prevention Systems
- Other Products: Collision Avoidance Systems, Automatic Emergency Braking Systems, Vehicle Stability Control Systems
Together, these segments reflect the comprehensive scope of technologies and applications driving growth and innovation within the automotive active safety systems market.
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