Automotive Safety Decive Market Forecast, Trend Analysis & Competition Tracking Global Review 2023 to 2029-Autoliv, Joyson Safety Systems, Toyoda Gosei, TRW Automotive

The Holy Grail of safety: Integrating active and passive safety systems

The Automotive Safety Decive Market research report’s goal is to provide a thorough analysis of the market, with meaningful insights, statistics, historical data, industry-validated market information, and predictions based on a reasonable set of assumptions and methodology. The study also aids in the comprehension of the worldwide Automotive Safety Decive market dynamics and structure by identifying and analyzing market segments, as well as forecasting worldwide market size. The Automotive Safety Decive market report also examines important companies’ competitive positioning in terms of product, pricing, financial situation, product portfolio, growth strategies, and geographical presence.

The Automotive Safety System Decive Market size was valued at USD 101.77 Billion in 2020 and is projected to reach USD 198.96 Billion by 2028, growing at a CAGR of 8.76% from 2023 to 2029.

Global Automotive Safety System Market Definition

Automotive safety systems refer to the equipment built into a vehicle to reduce the likelihood and severity of traffic collisions. One of the most significant components in the automobile manufacturing sector is the automotive safety system. In the automotive industry safety systems are used for ensuring the safety and security of automobiles & passengers. Various types of safety systems such as seatbelts, airbags, antilocking braking systems, electronic traction, stability controls systems, lane departure warning, blind-spot detection, and driver monitoring are used for assuring the safety of passengers.

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Key Players

The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world. The prominent players in Automotive Safety Decive market research report are: Autoliv, Joyson Safety Systems, Toyoda Gosei, TRW Automotive, Continental, Marelli , Delphi Automotive, East Joy Long Motor Airbag, FLIR Systems, Opel, Hella KGaA Hueck, Hyundai Mobis, Infineon Technologies, Neaton Auto Products Manufacturing, Nihon Plast, Raytheon, Tokai Rika, Volkswagen, WABCO

Automotive Safety Systems Market Recent Developments

· In February 2022, Marelli announced that it would supply the new Alfa Romeo Tonale with Full-LED Adaptive Matrix Headlights. this system incorporates modes such as “Adaptive Low Beam” and “Adaptive Driving Beam.” The “Adaptive Low Beam” mode includes City, Country, Highway, and Bad Weather modes and static bending lights. The “Adaptive Driving Beam” contains “Glare-Free High Beam Segmented Technology,” which automatically detects traffic in front and on the opposite side of the vehicle to avoid glaring other vehicles.

· In January 2022, Opel announced that its new SUV Grandland is the first Opel model to feature the Night Vision system, which turns night into day and increases all road users’ safety at dusk and in the dark. The infrared camera is concealed under the Opel Vizor in combination with the adaptive IntelliLux LED Pixel Light. The two technologies work together to give two-fold safety, converting night into day and allowing for calm driving at all times, even in low light.

· ​​In January 2022, Volkswagen and Adasky developed ADAS-related solutions. Adasky’s automotive-grade thermal sensor has been upgraded with time-to-collision (TTC) software, enabling automatic emergency braking (AEB) and forward-collision warning (FCW) capabilities through its thermal vision technology.

· In January 2021, ZF also launched a new electric vehicle braking system for regenerative braking to improve battery efficiency. ZF acquired WABCO with a vision to become a world leader in commercial automotive systems and improve the existing digital platforms in the market.

Market Segments

Market segmentation is the process of categorizing customers into groups that respond to marketing strategies in a similar way. This is the first and most important stage in developing a sales process that appeals to a wide variety of groups. The market research report is segmented as:

By Type:

Active Safety Systems

Passive Safety Systems

By Application:

Passenger Car

LCV

HCV

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Regional analysis

North America – US, Canada, Mexico, Rest of North America

Europe– Germany, Russia, UK, France, Italy, Spain, The Netherlands, Rest of Europe

Asia Pacific– China, India, Japan, South Korea, Australia, Indonesia, Rest of Asia Pacific

Middle East and Africa– UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa

-South America- Brazil, Argentina, Colombia, Rest of South America

North America Expected to Occupy Significant Share in the Market

The increasing number of electric vehicles in the automotive industry paves the way for more autonomous vehicles to be introduced in different sectors. The more autonomous vehicles in a market, the better is the chance and potential for the current safety systems market to grow and expand.

As the majority of the automotive sector in North America is already equipped with the majority of safety systems, the market is saturated from what the condition was a few years ago. The United States, the lone bedrock of the North American automotive hub, contributes at least 3% to the country’s overall gross domestic product (GDP). In addition, the country is one of the largest manufacturers in the luxury car market, with net revenue of USD 5 billion in 2021. Luxury car maker BMW, in 2021, reported record-breaking sales of over 336,600 units of vehicles.

Most motor vehicle collisions are primarily due to human errors. According to the US Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) organization, almost one-third of the traffic-related fatalities in Virginia (220 crashes) specifically involved alcohol-impaired driving. The Canadian government announced the safe testing of every vehicle and deployment of automated and connected vehicles while spreading awareness regarding driver assistance technologies.

This report covers the following Automotive Safety Decive Market insights and assessments which are helpful to all the participants involved in the Automotive Safety Decive Market.

-Data on recently introduced regulations and their impact on key industries and Automotive Safety Decive demand

-Latest industry analysis of Automotive Safety Decive market along with key analysis of market drivers, trends and influencing factors.

-Analysis of key trend in this Automotive Safety Decive market and changing consumer preferences of key industries.

-Automotive Safety Decive demand and consumption change in various products

-Key Trends Highlighting Funding by Leading Investors in Multiple Countries

-New investment opportunities in different technologies and types of products or services

-Comprehensive Data and Competitive Analysis of Automotive Safety Decive Key Players

Table of Contents

Global Automotive Safety Decive Market Research Report 2023 – 2029

-Report Overview: It includes the Automotive Safety Decive market study scope, players covered, key market segments, market analysis by application, market analysis by type, and other chapters that give an overview of the research study.

In conclusion: This section of the report gives information about Automotive Safety Decive market trends and shares, market size analysis by region and analysis of global market size. Under market size analysis by region, analysis of market share and growth rate by region is provided.

-Profiles of International Players: Here, key players of the Automotive Safety Decive market are studied on the basis of gross margin, price, revenue, corporate sales, and production. This section gives a business overview of the players and shares their important company details.

-Regional Study: All of the regions and countries analyzed in the Automotive Safety Decive market report is studied on the basis of market size by application, the market size by product, key players, and market forecast.

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The Research study can answer the following Key questions:

-What will be the progress rate of the Automotive Safety Decive Market for the conjecture period, 2029?

-What are the prominent factors driving in this Automotive Safety Decive Market across different regions?

-Who are the major vendors dominating the Automotive Safety Decive industry and what are their winning strategies?

-What will be the market scope for the estimated period?

-What are the major trends shaping the expansion of the industry in the coming years?

-What are the challenges faced by the Automotive Safety Decive Market?

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