Increasing Demand for Luxury Cars to fuel automotive safety system market

Government Regulations Pertaining to Vehicle Safety to fuel Automotive Safety System Market The report "Automotive Safety System Market by Technology (Active (ABS, ESC, BSD, LDWS, TPMS) and Passive (Airbag, Pedestrian and Whiplash Protection)), On-highway (PC, LCV, Buses, Trucks), Off-highway, EV, Offering (Hardware, Software) - Global Forecast to 2025", The automotive safety system market is estimated to be USD 82.80 Billion in 2017 and is projected to reach 169.46 Billion by 2025, at a CAGR of 9.36%.

The market is principally driven by increasing demand for a safe, efficient, and convenient driving experience and stringent safety regulations across the globe.

Browse 112 market data Tables and 57 Figures spread through 178 Pages and in-depth TOC on "Automotive Safety System Market by Technology (Active (ABS, ESC, BSD, LDWS, TPMS) and Passive (Airbag, Pedestrian and Whiplash Protection)), On-highway (PC, LCV, Buses, Trucks), Off-highway, EV, Offering (Hardware, Software) - Global Forecast to 2025"

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The automotive safety system market is estimated to be USD 76.50 Billion in 2016 and is projected to reach 169.46 Billion by 2025, at a CAGR of 9.36% during the forecast period. The report analyzes and forecasts the market size, in terms of volume (000’/million units) and value (USD million/ billion), of this market. The report segments the global market and forecasts its size, by volume and value, on the basis of region, technology (active and passive safety system), on-highway vehicle, off-highway vehicle, and electric vehicle, and in terms of value, by offering. The report also provides a detailed analysis of various forces acting in the market (drivers, restraints, opportunities, and challenges). It strategically profiles the key players and comprehensively analyzes their market shares and core competencies. It also tracks and analyzes competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=112622606 Active safety system segment to hold the largest share of the automotive safety system market, by technology The increasing government regulations pertaining to active safety systems and growing demand for autonomous vehicle will contribute to the growth of the automotive safety system market for active safety system segment. Vehicles are being equipped with advanced active safety features such as blind spot detection (BSD), lane departure warning systems (LDWS), and automatic emergency braking (AEB). Auto manufacturers have started to roll out vehicles with semi-autonomous vehicle technology, which is the intermediate step toward autonomous driving.

The automotive safety system market has been segmented by on-highway vehicle into passenger cars, light commercial vehicles, buses, and trucks. Passenger car segment is estimated to be the fastest growing segment of the this market, by on-highway vehicle. The number of passenger cars is growing at a significant rate in the emerging economies of the Asia Pacific region. This can be attributed to the rise in GDP and the population of these countries, resulting in improved lifestyle, increased purchasing power of consumers, and development of infrastructure. Various active and passive safety systems such as airbags, seatbelts, tire pressure monitor (TPM), and electronic stability control (ESC) are provided in passenger cars for preventing accidents.

Hybrid Electric Vehicle (HEV) to acquire the largest market share in electric vehicle type HEV is estimated to hold the largest share of the automotive safety system market, by electric vehicle.

Stringent emission norms, environment safety, vehicle electrification, and government regulations are expected to boost the market for HEV safety systems. Governments around the globe are enabling the sale of electric vehicles by offering incentives to customers and subsidies to electric vehicle OEMs. This will help drive the automotive safety systems market for electric vehicles.

Asia Pacific: The largest market for the automotive safety system market The Asia Pacific region is estimated to dominate the global market, in terms of value, in 2017. The rising consumer income levels, increased vehicle production in developing countries such as India and China, and increase in the number of luxury vehicles in countries such as Japan fuel the growth of the automotive safety system market in the Asia Pacific region The Asia Pacific region is estimated to hold the largest share, by value, of the automotive safety system market in 2017. The demand for automotive safety system in this region is triggered by increasing vehicle production in developing nations such as China and India and the increasing number of luxury vehicles in countries such as China and Japan. This region is also the leading producer of automobiles in the world.

The report analyzes all major tier I suppliers in the automotive safety system market. Robert Bosch (Germany), Continental (Germany), Denso (Japan), and Delphi (UK) are some of the leading suppliers in the automotive safety system market.

Target Audience        

Automobile manufacturers Distributors and suppliers of automotive safety systems Industry associations and automotive experts Automotive safety feature manufacturers Automotive component manufacturers Autonomous vehicle software providers Electric vehicle manufacturers Automotive technology providers

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