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  • Automotive Safety System Market Growth Analysis | 2023-2028

    Automotive Safety System Market Growth Analysis | 2023-2028

    Automotive Safety System Market Growth Analysis | 2023-2028
    Report code - SRTI101 Delivery - 2 Weeks
    Automotive Safety System Market Size, Share, Trends, Dynamics, Forecast, Competitive, See more...

    Market Insights

    The automotive safety system market was estimated at USD 95.48 billion in 2022 and is likely to grow at a CAGR of 9.17% during 2023-2028 to reach USD 162.63 billion in 2028.

    Automotive-Safety-Systems-Market-Insights

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    Automotive Safety System Market Highlights

    Market Size in 2028

    USD 162.63 Billion

    Market Size in 2022

    USD 95.48 Billion

    Market Growth (2023-2028)

    CAGR of 9.17%

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

    Key Players

    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.

    some of the major players in the automotive active safety system market are- 

    • Continental AG
    • Delphi Automotive Plc
    • Denso Corporation
    • Robert Bosch GMBH
    • Magna International Inc.
    • Valeo
    • ZF TRW Automotive

    Some of the major players in the automotive passive safety system market are-

    • Autoliv AB
    • Delphi Automotive
    • ZF TRW Automotive Holdings Corp.
    • Takata Corporation

    Market Dynamics

    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-Dynamics

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    Segments Analysis

    By Vehicle Type

    The 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 2023 to 2028. 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.

    By Product Type

    The 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 2028. 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.

    By End-User Type

    The 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 Analysis

    The 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.

    Automotive-Safety-Systems-Market-Regional-Analysis

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    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The market is segmented in the following ways:

    By Vehicle Type:

    • Passenger Car
    • Light Commercial Vehicle
    • Medium & Heavy Duty Commercial Vehicle

     By Product Type:

    • Active Safety System
      • 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
      • System Type Analysis (Airbag, Seatbelt, Steering Wheel, Electrical Control Unit, and Others)

    By End-User Type:

    • OEM
    • Aftermarket

    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)

    Automotive-Safety-Systems-Market-Segmentation

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    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.

    Report Features

    This report, from Stratview Research, studies the safety systems market in the global automotive industry over the period 2023 to 2028. 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.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Automotive Safety System Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Report Customization Option

    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 sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    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$ 162.63 billion in 2028.

    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 market.

    North America is projected to remain the largest active safety systems market during the forecast period of 2020-25 whereas Asia-Pacific the largest market in the same period.

    The passenger car is expected to remain the largest segment of safety systems in the global automotive industry in the coming years.

    OEM is expected to be the largest end use type in the market in the coming years.

    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.

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