Automotive Active Safety System Market Trends, Share, Industry Insights, and Report 2024-2032
The latest report by IMARC Group, titled “Automotive Active Safety System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” provides an extensive analysis of the automotive active safety system market research report. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global automotive active safety system market size reached US$ 15.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 51.6 Billion by 2032, exhibiting a growth rate (CAGR) of 14% during 2024-2032.
Automotive Active Safety System Trends:
The increasing adoption of advanced driver assistance systems (ADAS) is driving the global market. Moreover, stringent government regulations and safety standards are compelling automotive manufacturers to integrate active safety systems into their vehicles. Furthermore, the rising consumer demand for enhanced safety features and advanced technologies in vehicles is significantly propelling market growth. Additionally, the proliferation of autonomous and semi-autonomous vehicles is fostering the need for reliable active safety systems.
Besides, advancements in sensor technologies, including radar, LiDAR, and camera systems, are enhancing the capabilities of active safety systems, driving their adoption. The increasing collaboration between automotive OEMs and technology providers is also accelerating innovation in active safety systems. Furthermore, the growing trend of connected cars and the integration of Internet of Things (IoT) technologies in vehicles are expanding the scope and functionality of active safety systems.
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Global Automotive Active Safety System Market Scope & Growth Analysis:
The scope of the global market is expanding as the integration of artificial intelligence (AI) and machine learning (ML) into automotive safety systems gains traction. In line with this, the increasing investments in developing smart infrastructure to support connected vehicles are also contributing to the market scope. Moreover, the adoption of vehicle-to-everything (V2X) communication technology is enhancing the potential applications of safety systems in vehicles.
In addition to this, the rise of smart cities and the emphasis on smart mobility solutions are broadening the market's horizons. As per the market analysis, the push towards zero-emission vehicles and electric vehicle (EV) safety standards is opening new avenues for growth. The focus on enhancing the user experience through advanced human-machine interfaces (HMIs) is also playing a crucial role in market expansion. Furthermore, the market is witnessing increased collaboration between automotive OEMs and technology firms to innovate safety solutions. Some of the other factors influencing market scope include the proliferation of shared mobility services, regulatory frameworks promoting road safety, and ongoing advancements in automotive technologies.
Key Players in the Automotive Active Safety System Industry:
The competitive landscape of the industry has also been examined along with the profiles of the key players being:
- Robert Bosch GmbH
- Continental AG
- Delphi Group
- ZF Friedrichshafen AG
- Autoliv
- Hyundai Mobis
- Valeo SA
- DENSO Corporation
- Magna International
- FLIR Systems
- Infineon Technologies AG
- FICOSA GROUP
- Peugeot S.A.
- Borg Warner Inc.
- CAx Software Private Limited
Market Segmentation:
Breakup by Product:
- Tyre-Pressure Monitoring System
- Lane Departure Warning
- Adaptive Cruise Control
- Night Vision System
- Driver Monitoring
- Anti-Lock Braking System
- Blind Spot Detection
- Others
Breakup by Vehicle Type:
- Passenger Cars
- Light Commercial Vehicle
- Heavy Commercial Vehicles
- Others
Breakup by Fuel Type:
- Diesel Vehicles
- Petrol Vehicles
- Electric Vehicles
- Others
Breakup by Offering:
- Hardware
- Software
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organisations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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