• Blog
  • Automotive Passive Safety System Market Growth Analysis | 2017-2022

    Automotive Passive Safety System Market Growth Analysis | 2017-2022

    Automotive Passive Safety System Market Growth Analysis | 2017-2022
    Report code - SRTI102 Delivery - 2 Weeks
    Automotive Passive Safety System Market Size, Share, Trends, Forecast, & Growth Analys See more...

    Market Insights

    The automotive passive safety system market is projected to grow at a sustainable CAGR of 3.7% over the next five years to reach US$ 27.9 billion in 2022.

    Wish to get a free sample? Click Here

    The automotive passive safety system market is driven by several factors, including:

    • Rising consumers’ preferences for high-safety features in vehicles.
    • The introduction of more stringent safety standards by the governments of many countries.
    • Increasing penetration of curtain and knee airbags, especially in developing economies.
    • Organic growth of automotive production.
    • Advancement in technology.

    Automotive Passive Safety System Market Highlights

    Market Size in 2022

    USD 27.9 billion

    Market Growth (2017-2022)

    3.7% CAGR

    Base Year of Study

    2016

    Trend Period

    2011-2015

    Forecast Period

    2017-2022

    Segments' Analysis

    By Vehicle Type

    The automotive passive safety system market is segmented based on vehicle type: Passenger Car, Light Commercial Vehicles, and Medium & Heavy-Duty Commercial vehicles. Passenger car are expected to remain the largest vehicle type in the market over the next five years. The vehicle type is also projected to witness the fastest growth during the same period, owing to increasing penetration of passive safety systems, such as airbags and seat belts, and increasing production of vehicles in the Asia-Pacific region, mainly in Japan, China, and India.

    By Application Type

    The airbag is forecasted to remain the largest application type in the market over the next five years, driven by increasing penetration of curtain and knee airbags in developing economies, such as China, the introduction of more stringent safety norms, and organic growth in automotive production. All application types, airbags, seat belts, electronic control units, steering wheels, and other passive safety systems are projected to grow at a healthy rate during the same period.

    By End-User Type

    OEM’s market is likely to remain the largest end-use type during the forecast period and is expected to experience a higher growth rate over the next five years, driven by an increasing number of automotive passenger cars and commercial vehicles across regions.

    Regional Insights

    In terms of region, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). Asia-Pacific has been the largest market for passive safety systems in the automotive industry, with China, Japan, South Korea, and India being the major markets. China and India are the growth engines of the Asia-Pacific market, due to an incessant increase in the demand for vehicles and the introduction of stringent safety standards. The RoW is expected to register the highest growth during the forecast period, driven by upcoming assembly plants in the Middle East and Latin America, and increasing passive safety system penetration per car.

    Automotive-Passive-Safety-System-Market-Regional-Insights

    Know which region offers the best growth opportunities. Register Here

    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 Application Type

    • Airbag
    • Seat Belt
    • Steering Wheel
    • Electronic Control Unit
    • Other Passive Safety Systems

    By End-Use Type

    • OEM
    • Aftermarket

    By Region

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

    Automotive-Passive-Safety-System-Market-Segmentation

    Register Here, to know the market segmentation details.

    Key Players

    Some of the major companies capturing the majority of share in the automotive passive safety system market are-

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

    These players are likely to remain dominant over the next five years as well.

    Other manufacturers include-

    • Denso Corporation
    • Bosch Limited
    • Tokai Rika Co. Ltd.
    • Key Safety Systems
    • Hyundai Mobis Co. Ltd.
    • Toyoda Gosei.

    New product development, advancement in passive safety system technology, and long-term contracts with automakers are the key strategies adopted by the key players to gain a competitive edge in the market.

    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 a 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 the multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentations, 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 passive safety system 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.

    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 Passive 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 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 types by application type 

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Application 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 to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The automotive passive safety system market is likely to reach USD 27.9 billion in 2022.

    Asia-Pacific is likely to remain the largest market in the next five years.

    Driven by number of factors like rising consumers preferences for high safety features in the vehicles, the automotive passive safety system market is expected to grow at a CAGR of 3.7% during 2017-22.

    Autoliv AB, Delphi Automotive, ZF TRW Automotive Holdings Corp., and Takata Corporation are among the key players in the market.

    •   

      Why are We Class Apart?

      We Track Fast-Changing Market Dynamics for Clients

      Our Intelligence is Powered by Industry Voice

      >60% of the First Buyers Come Back to Us

      >95% Client Satisfaction Ratio, the Industry's Highest

      We Serve Companies Across the Value Chain

      Know High Growth Opportunities