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    Automotive Passive Safety System Market | Covid-19 Impact Analysis

    Automotive Passive Safety System Market | Covid-19 Impact Analysis

    Automotive Passive Safety System Market | Covid-19 Impact Analysis
    Report code - SRTI102 Delivery - 2 Weeks
    Automotive Passive Safety System Market Size, Share, Trend, Forecast, & Competitive An See more...
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    Impact of COVID-19 on Automotive Passive Safety System Market

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

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    Impact of COVID-19 on Automotive Passive Safety System Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 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 Passive Safety System Market Insights

    The global 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. Rising consumers’ preferences for high safety features in the vehicles, introduction of more stringent safety standards by the governments of many countries, increasing penetration of curtain and knee airbags, especially in the developing economies, organic growth of automotive production, and an advancement in technology are some of the major factors driving the demand for passive safety systems in the global automotive industry over the next few years.

    Automotive Passive Safety System Market Forecast

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    Automotive Passive Safety System Market Share Analysis

    Automotive Passive Safety System Market Share by Vehicle Type

    The global automotive passive safety system market is segmented based on vehicle type: Passenger Car, Light Commercial Vehicle, and Medium & Heavy Duty Commercial Vehicle. Passenger car is expected to remain the largest vehicle type in the global automotive passenger safety system 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.

    Automotive Passive Safety System Market Share by Product Type

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

    Automotive Passive Safety System Market Share 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 automotive passenger cars and commercial vehicles across regions.

    Regional Insights

    In terms of region, the automotive passive safety system market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). Asia-Pacific has been the largest market of passenger safety systems in the automotive industry, 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 introduction of stringent safety standards. 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.

    Key Players

    Autoliv AB, Delphi Automotive, ZF TRW Automotive Holdings Corp., and Takata Corporation are the major companies capturing majority of share in the global automotive passive safety system market. 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., and 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 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

    3.7% CAGR during 2017-2022

    Countries/Subregions Covered

    The USA, Canada, Mexico, Germany, France, Russia, Italy, The UK, China, Japan, India, South Korea, 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 Passive Safety System 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 Passive Safety System Market Size, Share & Forecast by Application Type:

    • Airbag (Regional Analysis: NA, Europe, APAC, and RoW)
    • Seat Belt (Regional Analysis: NA, Europe, APAC, and RoW)
    • Steering Wheel (Regional Analysis: NA, Europe, APAC, and RoW)
    • Electronic Control Unit (Regional Analysis: NA, Europe, APAC, and RoW)
    • Other Passive Safety Systems (Regional Analysis: NA, Europe, APAC, and RoW)

    Automotive Passive Safety System Market Size, Share & Forecast by End-Use Type:

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

    Automotive Passive Safety System Market Size, Share & Forecast 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)

    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.

    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 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 at [email protected].


    Frequently Asked Questions (FAQs)

    What will be the growth of Automotive Passive Safety System Market in the foreseeable 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.

    Who are the key players in the Automotive Passive Safety System Market?

    Autoliv AB, Delphi Automotive, ZF TRW Automotive Holdings Corp., and Takata Corporation are among the key players in the Automotive Passive Safety System Market.

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

    Asia-Pacific is likely to remain the largest market for automotive passive safety system market in the next five years.

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