The automotive safety system market is estimated to be USD 82.80 Billion in 2017 and is projected to reach 169.46 Billion by 2025, at a CAGR of 9.36%. Globally strict safety standards and rising consumer desire for a safe, effective, and convenient driving experience are the main factors driving the industry.
Active safety system segment to hold the largest share of the automotive safety system market, by technology
The market for active safety systems in automotive safety systems will expand as a result of rising government rules governing active safety systems and rising demand for autonomous vehicles. Modern active safety technologies are being added to vehicles, such as automatic emergency braking (AEB), lane departure warning systems, and blind spot detection (BSD). The first step toward fully autonomous driving, semi-autonomous car technology has begun to be introduced by automakers.
Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=112622606
Hybrid Electric Vehicle (HEV) to acquire the largest market share in electric vehicle type
According to estimates, HEVs account for the largest portion of the market for car safety systems. The market for HEV safety systems is anticipated to grow as a result of government restrictions, strict emission standards, environmental safety, and vehicle electrification. By providing incentives to buyers and subsidies to electric vehicle OEMs, governments all over the world are promoting the sale of electric vehicles. As a result, the market for automobile safety systems for electric vehicles will grow.
Asia Pacific: The largest market for the automotive safety system market
According to estimates, the automobile safety system market would be dominated by the Asia-Pacific region in 2017. As vehicle production rises in developing nations like China and India and as the number of luxury automobiles rises in developed nations like China and Japan, there is an increase in demand for automotive safety systems in this region. Additionally, this area is the world’s largest producer of autos.
Inquire Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=112622606
Key Market Players
The report analyzes all major tier I suppliers in the automotive safety system market. Robert Bosch (Germany), Continental (Germany), Denso (Japan), and Delphi (UK) are some of the leading suppliers in the automotive safety system market.
Related Reports:
Automotive Fuel Cell Market – Global forecast to 2030
ADAS Market – Global Forecast to 2030
Automotive HUD Market – Global Forecast to 2027
