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Global Automotive Safety Systems Market 2021 is expected to register a CAGR of ~6%, during forecast period with Impact of Covid 19 Analysis

Automotive

Global “Automotive Safety Systems Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Automotive Safety Systems in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Automotive Safety Systems Market report categorizes the market based on manufacturers, regions, type, and application. Automotive Safety Systems Market reports offer a detailed assessment of the Automotive Safety Systems including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Automotive Safety Systems market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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Safety systems have become an integral and one of the most in-demand features of a vehicle among the consumers. Due to the rise in accidents across the globe, regulatory bodies have mandate the use of various safety features, like ABS, airbags, certain ADAS features, etc., which has forced the automakers to install such features in a vehicle.

A recent study by World Health Organization says that, over 1.25 million people die each year as a result of road traffic crashes. This created a necessity for the newly adopted 2030 Agenda for Sustainable Development and it has set an ambitious target of halving the global number of deaths and injuries from road traffic crashes by 2021. The global automotive safety market is expected to grow at a CAGR of ~ 6% during the forecast period due to the rise in demand for various safety features, like ADAS, airbags, etc.

Active Safety Is Expected To Grow the Fastest During the Forecast Period

The increase in demand for vehicles, especially passenger cars has flooded the market with various types of vehicles, increasing the risk of accident every minute. Advanced drive assistance features, like lane departure warning, adaptive cruise control, blind spot detection etc. are observed to reduce the risk of accident by warning or helping the driver before an accident occurs. This advancement has created a huge demand for such features for the consumers as vehicles with such features at reasonable costs are increasing in terms of sales at a faster rate. The increase in demand for electric vehicles and the nearing autonomous vehicles era is expected to propel the market for active safety features in the automotive industry at the highest CAGR during the forecast period.

Asia-Pacific Is Expected To Dominate the Market

Asia Pacific occupies the highest share in terms of vehicle sales with more than 50% and is expected to grow even more during the forecast period. The rising consumer income levels, increased vehicle production in developing countries, such as India and China and increase in the number of luxury vehicles in countries, such as Japan fuel the growth of the automotive safety system market in the Asia-Pacific region. India has also mandated the installation of ABS in all vehicles including two wheelers, which is further anticipated to drive the market ahead during the forecast period.

The market is segmented into active and passive safety systems based on type; hardware and software based on offering; OEM and aftermarket based on end-user sector; and vehicle type (passenger cars and commercial vehicles). The regional analysis covers major countries in North America, Europe, Asia-Pacific, and Rest of the World.

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The global Automotive Safety Systems market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Automotive Safety Systems Market Report covers the Top Key-players in 2021:-

  • Robert Bosch GmbH
  • Denso Corporation
  • Delphi Automotive
  • Infineon
  • ZF Friedrichshafen
  • Continental AG
  • Valeo
  • Magna
  • Autoliv
  • Hyundai Mobis

Highlighted points of Automotive Safety Systems Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

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This Automotive Safety Systems Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Automotive Safety Systems? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Automotive Safety Systems Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Automotive Safety Systems Market? What Was Capacity, Production Value, Cost and PROFIT of Automotive Safety Systems Market?
  • What Is Current Market Status of Automotive Safety Systems Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Automotive Safety Systems Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Automotive Safety Systems Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Automotive Safety Systems Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Automotive Safety Systems Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Automotive Safety Systems Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Automotive Safety Systems Industry?

Key Developments in the Automotive Safety Systems Market:

  • March, 2018: ZF developed automotive industry’s lightest fabric housing knee airbag modules for enhancing the vehicle occupant safety. The company will launch the same with a major vehicle manufacturer in early 2019.

    Reasons to Purchase this Report:

  • To study current and future market outlook in the developed and emerging markets
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • Detailed analysis of the segment that is expected to dominate the market
  • Regions that are expected to witness fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

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    Finally, the report Global Automotive Safety Systems Market 2021 describes the Automotive Safety Systems industry expansion game plan, the Automotive Safety Systems industry knowledge supply, appendix, analysis findings, and the conclusion.

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