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Automotive Safety Device Market Size and Growth
The Automotive Safety Device market is poised for significant growth, driven by increased consumer demand for advanced safety features and regulatory compliance. The market size is projected to reach USD 70 billion by 2027, reflecting a compound annual growth rate of 7% as automakers focus on enhancing vehicle safety technologies.
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Companies Covered
(Covid 19 Impact Covered)
◍ Autoliv
◍ Joyson Safety Systems
◍ Toyoda Gosei
◍ TRW Automotive
◍ Continental
◍ Delphi Automotive
◍ East Joy Long Motor Airbag
◍ FLIR Systems
◍ Hella KGaA Hueck
The Automotive Safety Device Market features key players like Autoliv, Joyson Safety Systems, and Continental, each innovating in airbags, seatbelts, and ADAS. Companies focus on R&D, partnerships, and compliance to enhance safety. Growth is driven by rising safety standards and technological advancements, contributing to increased sales revenues in the sector.
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