Global Automotive Active Safety System Market

Automotive Active Safety System Market Size, Share, Growth Analysis, By System(Adaptive Cruise Control (ACC), Lane Departure Warning (LDW) System), By Vehicle(Passenger Cars, Commercial Vehicles), By Sales Channel(Original Equipment Manufacturers (OEMs), Aftermarket) - Industry Forecast 2024-2031

Report ID: SQMIG25A2180 | Region: Global | Published Date: April, 2024
Pages: 223 | Tables: 93 | Figures: 76

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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 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. 'Bosch', 'Continental AG', 'Delphi Technologies', 'ZF Friedrichshafen', 'Denso', 'Autoliv Inc.', 'Hyundai Mobis', 'Valeo', 'Magna International', 'FLIR Systems', 'Infineon Technologies', 'Mobileye', 'Knorr-Bremse', 'Ficosa International S.A.', 'Borg Warner Inc.', 'Hella', 'TRW Automotive Holdings Corporation', 'Lear Corporation', 'Aisin Seiki Co., Ltd.', 'Robert Bosch GmbH'

The stringent safety rules imposed with the aid of governments and regulatory bodies internationally play a pivotal position in fostering the adoption of energetic protection systems in motors. As worries about street safety intensify, each customer and producer are prioritizing technology which could save you injuries and reduce their effect.

Rising Consumer Awareness and increased use of clean label products: The increasing integration of Artificial Intelligence (AI) and machine studying technologies in lively safety structures. This trend is riding the improvement of extra state-of-the-art and adaptive systems that can better interpret complicated situations, improving the accuracy and performance of protection functions. Another key fashion is the rise of linked and independent cars, influencing the evolution of lively protection technologies.

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.

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Global Automotive Active Safety System Market

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