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Automotive Safety System Market likely to be US$ 56.1 billion opportunity in 2022

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Stratview Research announces the launch of a new research report on Global Automotive Safety Systems Market by Vehicle Type (Passenger Car, Light Commercial Vehicle, and Medium & Heavy Duty Commercial vehicle), by Product Type (Active System [ACC, BSD, DMS, LDWS, HUD, NVS, Park Assist, E-Call Telematics, TPMS, and Others] and Passive System [Airbag, Seatbelt, Steering Wheel, Electronic Control Unit, and Others]), by End-User Type (OEM and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017 – 2022

This report, from Stratview Research, studies the safety systems market Make an Inquiry about this news in the global automotive industry over the period 2017 to 2022. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities in the market.

 

The Global Automotive Safety Systems Market: Highlights

As per Stratview Research the global automotive safety system market is projected to grow at a healthy CAGR of 6.7% over the next five years to reach US$ 56.1 billion in 2022, driven by increasing safety system contents per vehicle, the introduction of more stringent safety regulations, high demand for safety solutions, and an organic growth in the automobile production.

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The global automotive safety systems market is segmented based on vehicle type as the passenger car, light commercial vehicle, and medium & heavy duty commercial vehicle.

The passenger car is expected to remain the largest segment of safety systems in the global automotive industry during the forecast period of 2017 to 2022. This vehicle type is also projected to witness the fastest growth in the same period, owing to increasing penetration of safety systems, high demand for active safety systems, and an organic growth in the production of luxury cars and SUVs.

The global automotive safety systems market is secondly segmented based on product type as active safety systems and passive safety systems. The active safety systems market is further segmented as active cruise control, blind spot detection, drowsiness monitoring system, lane departure warning system, head-up display, night vision system, park assist, e-call telematics, tire-pressure-monitoring system, and others.

Similarly, the passive safety systems market is also bifurcated into the airbag, seatbelt, steering wheel, electronic control unit, and others. Currently, passive safety system occupies the largest share in the global automotive safety systems market which is likely to be surpassed by active safety systems by 2021.

An excellent growth in active safety systems market is primarily driven by increasing demand for advanced safety systems, such as tire-pressure-monitoring system and adaptive cruise control system in both developed and developing countries because of mandated government regulation and high focus on safety solutions. 

The global automotive safety systems market is thirdly segmented based on end-user type as OEM and aftermarket. OEM’s market is likely to remain the largest end-user type during the forecast period and is expected to witness a higher growth rate in the same period, driven by increasing penetration in the newly-build vehicles across regions.

All major automakers have started using active safety systems into some of their vehicles. They all have been in touch with suppliers to develop low cost advanced active safety systems for their mass volume models.

The global automotive safety systems market is finally segmented based on region as North America, Europe, Asia-Pacific, and Rest of the World. North America is projected to remain the largest active safety systems market during the forecast period whereas Asia-Pacific the largest passive safety systems market in the same period.

The US remains to act as the growth engine of the North American active safety systems market whereas China and India the Asia-Pacific’s passive safety systems market. Increasing production of automobiles, increasing passive safety system contents per vehicle, mainly in China and India, and the introduction of more stringent regulations are driving the demand for passive safety systems in the Asia-Pacific region.

Similarly, increasing penetration of active safety systems in the North America and Europe to address stringent government regulations regarding passenger safety is likely to drive the active safety systems market in the same period.

Continental AG, Delphi Automotive Plc, Denso Corporation, Robert Bosch GMBH, Magna International Inc., Valeo, and ZF TRW Automotive are some of the major players for the global automotive active safety system market whereas Autoliv AB, Delphi Automotive, ZF TRW Automotive Holdings Corp., and Takata Corporation are in passive safety systems market. Long-term contracts and advancement in technologies are the key strategies adopted by major players to gain a competitive edge in the market throughout the globe.

 

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value.

It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market Trend and Forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, Product portfolio, Product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors

 

This report studies the  global automotive safety systems market and has segmented the market in Four ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the four ways in which the market is segmented:

 

Global Automotive Safety Systems Market by Vehicle Type:

  • Passenger Car
  • Light Commercial Vehicle
  • Medium & HeavyDuty Commercial Vehicle

 

Global Automotive Safety Systems Market by Product Type:

  • Active Safety System
  • Regional Analysis (NA, Europe, APAC, and RoW)
  • System Type Analysis (Adaptive Cruise Control (ACC), Blind Spot Detection (BSD), Drowsiness-Monitoring System (DMS), Lane Departure Warning System (LDWS), Head-Up Display (HUD), Night Vision System (NVS), Park Assist, E-Call Telematics, Tire-Pressure-Monitoring System (TPMS) and Others)
  • Passive Safety System
  • Regional Analysis (NA, Europe, APAC, and RoW)
  • System Type Analysis (Airbag, Seatbelt, Steering Wheel, Electrical Control Unit, and Others)

 

Global Automotive Safety Systems Market by End-User Type

  • OEM
  • Aftermarket

 

Global Automotive Safety Systems Market by Region:

  • North America (Country Analysis: USA, Canada, and Mexico)
  • Europe (Country Analysis: Germany, France, UK, Russia, and Rest of the Europe)
  • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
  • Rest of the world (Country Analysis: Brazil, Argentina, and Others)

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