USD 127.04 Billion
Report ID:
SQMIG25A2180 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|
Tables:
93 |
Figures:
76
Global Automotive Active Safety System Market size was valued at USD 127.04 Billion in 2022 and is poised to grow from USD 145.87 Billion in 2023 to USD 440.65 Billion by 2031, growing at a CAGR of 14.82% in the forecast period (2024-2031).
The global Automotive Active Safety System market has been witnessing widespread growth in recent years, pushed via different factors that prioritize passenger and car safety.
Active safety structures are increasingly becoming integral components in present day vehicles, aiming to lessen the risk of accidents and beautify normal avenue safety.
Continuous improvements in sensor technology, artificial intelligence, and connectivity have paved the manner for extra sophisticated active safety systems. Radar, cameras, lidar, and other sensors are being integrated into vehicles to enable real-time monitoring of the encompassing surroundings.
Additionally, Some regions and insurance groups provide incentives for motors equipped with advanced safety functions. This encourages each automakers and consumers to spend money on active protection technologies, driving marketplace growth.
The integration of advanced protection structures often comes with expanded production costs. This can impact the general cost of motors, probably limiting adoption, in particular in fee-sensitive markets.
Global Market Size
USD 127.04 Billion
Largest Segment
Adaptive Cruise Control (ACC)
Fastest Growth
Autonomous Emergency Braking (AEB)
Growth Rate
14.82% CAGR
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The global automotive active safety system market is segmented into four major segments i.e. by system type, vehicle type, sales channel, and region. Based on type, it is divided into Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Lane Departure Warning (LDW) System, Collision Avoidance System, Tire Pressure Monitoring System (TPMS), Electronic Stability Control (ESC), Blind Spot Detection (BSD), Night Vision System, Cross Traffic Alert (CTA). Based on vehicle, it is bifurcated as passenger cars, commercial vehicles. Based on sales channel it is segregated into, original equipment manufacturers (OEMs), aftermarket. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
Analysis by Type
ACC is a device that routinely adjusts a automobile's pace to maintain a secure following distance from the car in advance. With the increasing demand for semi-autonomous riding features, ACC is probably to be a dominant gadget kind. It enhances driving comfort and safety, making it attractive to consumers and aligning with the enterprise's push closer to automation.
AEB structures are designed to locate an approaching collision and robotically practice the brakes to save you or mitigate the impact. The fast boom of AEB may be attributed to its effectiveness in reducing rear-cease collisions, that are commonplace and regularly bring about intense accidents. Increasing safety rules and the emphasis on lowering injuries are in all likelihood to pressure the adoption of AEB, making it one of the quickest-growing gadget kinds.
Analysis by Appliaction
LKA systems, designed to help drivers in preserving proper lane position, are poised for speedy growth. Lane departure-related accidents are a tremendous concern, and regulatory bodies are more and more mandating or encouraging the implementation of lane-retaining technologies. As a result, the call for for LKA structures is predicted to rise, contributing to its fame as a fast-growing application section.
The Pedestrian Detection System is expected to be the quickest-developing application section. Governments and protection groups global are more and more emphasizing pedestrian safety, leading to the mixing of technology that locate and respond to pedestrians close to or in the car's route. As regulations and purchaser attention pressure the demand for pedestrian protection functions, the adoption of Pedestrian Detection Systems is possibly to revel in huge growth.
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Asia-Pacific is likely to dominate the marketplace because of several factors. The place homes predominant car manufacturing hubs, together with China, Japan, and South Korea, contributing significantly to the manufacturing and adoption of automobile safety systems. Growing populations, increasing disposable profits, and a rising recognition of car protection features amongst clients in addition drive the call for for energetic safety systems.
The ME&A is poised for a speedy increase inside the Automotive Active Safety System marketplace. As economies in this vicinity continue to develop, there's an increasing focus on enhancing road protection requirements and policies. The growing automobile marketplace, coupled with growing attention approximately the benefits of active safety systems, is probable to drive giant boom.
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Drivers
Increasing Stringent Safety Regulations Imposed By Governments
Restraints
High Cost Associated With Implementing Advanced Safety Technologies
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The competitive surroundings of the Automotive Active Safety System marketplace is dynamic and is characterised by excessive competition among key marketplace gamers striving for technological innovation and market share. Major automobile manufacturers, in addition to specialised generation firms, contribute to the dynamism of the arena. Companies often engage in strategic collaborations and partnerships to leverage complementary expertise and enhance their product portfolios.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global automotive active safety system market analysis is a dynamic marketplace with a number of standout trends and problems. The marketplace is driven by stringent safety rules, growing consumer attention, and technological improvements. However, value constraints and concerns about reliability pose demanding situations. Product-wise, Adaptive Cruise Control and Automatic Emergency Braking are key segments. Regionally, Asia-Pacific dominates because of a strong automobile industry and government protection projects. The market developments encompass the combination of AI, growth in linked and self reliant motors, and a shift in the direction of comprehensive sensor fusion techniques. As electric vehicles gain traction, tailor-made safety solutions for EVs are emerging, and client calls for customizable protection features are on the rise.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 127.04 Billion |
Market size value in 2031 | USD 440.65 Billion |
Growth Rate | 14.82% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Automotive Active Safety System Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Active Safety System Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Active Safety System Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Active Safety System Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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