The latest report by IMARC Group, titled "Automotive Active Safety System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032," provides an extensive analysis of the automotive active safety system market trends. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global automotive active safety system market size reached US$ 15.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 51.6 Billion by 2032, exhibiting a growth rate (CAGR) of 14% during 2024-2032.
Automotive Active Safety System Trends:
The global market is primarily driven by the increasing awareness about road safety and the reduction of vehicular accidents. In line with this, the widespread adoption of advanced driver-assistance systems (ADAS) is also providing an impetus to the market. Moreover, the considerable rise in technological advancements in sensors and cameras is also acting as a significant growth-inducing factor for the market.
In addition to this, the expanding number of stringent government regulations for vehicle safety is resulting in higher investment in these systems by automotive manufacturers. Besides this, the growing demand for autonomous and semi-autonomous vehicles due to the rising need for convenience and safety is creating lucrative opportunities in the market. Also, the increasing influence of safety ratings and consumer awareness programs is impacting the market positively. The market is further driven by the implementation of favorable government support and initiatives to integrate safety systems in vehicles.
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Global Automotive Active Safety System Market Scope & Growth Analysis:
The scope of the global market is expanding as the integration of artificial intelligence (AI) and machine learning (ML) into automotive safety systems gains traction. In line with this, the increasing investments in developing smart infrastructure to support connected vehicles are also contributing to the market scope. Moreover, the adoption of vehicle-to-everything (V2X) communication technology is enhancing the potential applications of safety systems in vehicles.
In addition to this, the rise of smart cities and the emphasis on smart mobility solutions are broadening the market's horizons. As per the market analysis, the push towards zero-emission vehicles and electric vehicle (EV) safety standards is opening new avenues for growth. The focus on enhancing the user experience through advanced human-machine interfaces (HMIs) is also playing a crucial role in market expansion. Furthermore, the market is witnessing increased collaboration between automotive OEMs and technology firms to innovate safety solutions. Some of the other factors influencing market scope include the proliferation of shared mobility services, regulatory frameworks promoting road safety, and ongoing advancements in automotive technologies.
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Key Players in the Automotive Active Safety System Industry:
The competitive landscape of the industry has also been examined along with the profiles of the key players being:
- Robert Bosch GmbH
- Continental AG
- Delphi Group
- ZF Friedrichshafen AG
- Autoliv
- Hyundai Mobis
- Valeo SA
- DENSO Corporation
- Magna International
- FLIR Systems
- Infineon Technologies AG
- FICOSA GROUP
- Peugeot S.A.
- Borg Warner Inc.
- CAx Software Private Limited
Market Segmentation:
Breakup by Product:
- Tyre-Pressure Monitoring System
- Lane Departure Warning
- Adaptive Cruise Control
- Night Vision System
- Driver Monitoring
- Anti-Lock Braking System
- Blind Spot Detection
- Others
Breakup by Vehicle Type:
- Passenger Cars
- Light Commercial Vehicle
- Heavy Commercial Vehicles
- Others
Breakup by Fuel Type:
- Diesel Vehicles
- Petrol Vehicles
- Electric Vehicles
- Others
Breakup by Offering:
- Hardware
- Software
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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