Automotive Passive Safety System Market Analysis | 2017-2022

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 USD 27.9 billion in 2022.

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Market Dynamics

Introduction

Automotive passive safety systems pertain to the components/systems focused on passive safety features in vehicles. These systems, including airbags, seatbelts, and crash sensors, aim to protect occupants during collisions. It encompasses the development, production, and integration of components that minimize injuries and enhance protection in the event of accidents.

Market Drivers

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.

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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.

Note: The above list does not necessarily include all the top players in the market.

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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.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects automotive passive safety system market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is 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.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

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 market dynamics and will enable strategic decision-making for 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, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

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 automotive passive safety system 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)

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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.

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