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    Automotive Safety Systems Market Size, Share & Forecast (2017-2022) | Covid-19 Impact Analysis

    Automotive Safety Systems Market Size, Share & Forecast (2017-2022) | Covid-19 Impact Analysis

    Automotive Safety Systems Market Size, Share & Forecast (2017-2022) | Covid-19 Impact Analysis
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    Impact of COVID-19 on Automotive Safety System Market

    Covid-19 has impacted the market dynamics, competition, and global...

    See more...

    Impact of COVID-19 on Automotive Safety System Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Automotive Safety Systems Market Insights

    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.

    Automotive Safety Systems Market Forecast

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    Automotive Safety Systems Market Share Analysis

    Automotive Safety Systems Market Share by Vehicle Type

    The global automotive safety systems market is segmented based on vehicle type as 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.

    Automotive Safety Systems Market Share by Product Type

    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.

    Automotive Safety Systems Market Share by End-User Type

    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.

    Regional Insights

    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.

    Key Players

    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.

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2011-2022

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Forecast

    6.7% CAGR during 2017-2022

    Countries/Subregions Covered

    The USA, Canada, Mexico, Germany, France, Russia, UK, China, Japan, India, Brazil, Argentina and Others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The market is segmented in the following ways:

    Automotive Safety Systems Market Size, Share & Forecast by Vehicle Type:

    • Passenger Car (Regional Analysis: NA, Europe, APAC, and RoW)
    • Light Commercial Vehicle (Regional Analysis: NA, Europe, APAC, and RoW)
    • Medium & Heavy Duty Commercial Vehicle (Regional Analysis: NA, Europe, APAC, and RoW)

     Automotive Safety Systems Market Size, Share & Forecast 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)

    Automotive Safety Systems Market Size, Share & Forecast by End-User Type:

    • OEM (Regional Analysis: NA, Europe, APAC, and RoW)
    • Aftermarket (Regional Analysis: NA, Europe, APAC, and RoW)

    Automotive Safety Systems Market Size, Share & Forecast 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)

    Report Features

    This report, from Stratview Research, studies the safety systems market 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 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.

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3)
    • SWOT analysis of key players (up to 3)

    Market Segmentation

    • Current market segmentation of any one of the vehicle type by product type 

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the size of Automotive Safety Systems Market in the foreseeable years?

    Driven by no. of factors like increasing safety system contents per vehicle & introduction of more stringent safety regulations, automotive safety systems market is expected to reach US$ 56.1 billion in 2022.

    Who are the key players in the Automotive Safety Systems Market?

    Continental AG, Delphi Automotive Plc, Denso Corporation, Robert Bosch GMBH, Magna International Inc., Valeo, and ZF TRW Automotive are among the key players in the Automotive Safety Systems Market.

    Which country/region is expected to remain the largest Automotive Safety Systems Market?

    North America is projected to remain the largest active safety systems market during the forecast period of 2017-22 whereas Asia-Pacific the largest passive safety systems market in the same period.

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