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Automotive Safety System Market by Technology, On-highway, Off-highway, EV, Offering - Global Forecast to 2025

Automotive Safety System Market: Global Forecast until 2025

  • April 2018
  • 180 pages
  • ID: 5376211
In this report:
THE HEV MARKET IS EXPECTED TO BE THE LARGEST MARKET, BY VOLUME, AND IS PROJECTED TO GROW FROM AN ESTIMATED ##,##.## THOUSAND UNITS IN 2017 TO ##,##.## THOUSAND UNITS BY 2025, AT A CAGR OF ##.##%, DURING THE FORECAST PERIOD.
THE BEV AUTOMOTIVE SAFETY SYSTEM MARKET, BY PASSIVE SAFETY SYSTEM, IS ESTIMATED TO BE ##,##.## THOUSAND UNITS IN 2017 AND IS EXPECTED TO REACH ##,##.## THOUSAND UNITS BY 2025, AT A CAGR OF ##.##%, DURING THE FORECAST PERIOD, BY VALUE.

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Increasing government regulations pertaining to vehicle safety and growing demand for a safer, efficient, and convenient driving experience are set to drive the automotive safety system market

The overall automotive safety system market is expected to be ~$82.8B in 2017 and is projected to extend 169.46 billion by 2025, increasing at a compound annual growth rate (CAGR) of 9.36% during the forecast horizon. The automotive safety system market has promising increase potential due to different factors, containing the stringent safety regulations pertaining to vehicle safety across the world; growing demand for a safe, efficient, and convenient driving experience; and increasing disposable income in emerging economies. On the other hand, growing role of complex software in a wide range of applications in a vehicle offers increased functionality and value for consumers. Different advanced safety features need complex software for functioning. Safety features embedded with sophisticated internal networks, dozens of ECUs, and extensive remote connectivity ultimately growth the complexity of the vehicle. The use of complex software can, at times, cause software failure in a vehicle. This is a main restraining factor for advanced safety systems market.

Active safety system: The quickest increasing segment of the automotive safety system market, by technology "

Increasing trend of autonomous vehicles is predicted to push the active safety system market.Several features including lane departure warning system, automatic emergency braking, anti-lock braking systems, electronic brake force distribution, electronic stability control, lane departure warning systems, tire pressure monitoring system, traction control system, forward-collision warning, and blind spot detection are gaining momentum across the world.

The safety and comfort benefits of these systems are encouraging the safety feature manufacturers to carry out extensive R&D activities to expand active safety systems that cater to the set standards.

Software: The quickest increasing offering type of the automotive safety system market

The software segment is forecasted to be the quickest increasing segment of the automotive safety system market, by offering.The main purpose of software is to communicate autonomously with other devices.

The software content has been rising day by day in the advanced applications of the vehicle. Growing demand for human-machine interface in the vehicle helps to drive the software segment of the automotive safety system market.

APAC: The fastest growing area in the automotive safety system market

The Asia Pacific area is forecasted to dominate the automotive safety system market and is expected to grow at the highest compound annual growth rate (CAGR) during the outlook period.The market increase in this area can be attributed to the improving socio-economic conditions in emerging economies including China and India (IN).

Growing demand for luxury vehicles has also driven the automotive safety system market in the territory.

The market research includes insights of different industry experts, ranging from component suppliers to Tier 1 firms and Original equipment manufacturers. The break-up of the primaries is like:

• By Type of company- tier 1 45.0 percent, Tier 2 35.0 percent Tier 3 - 20.0 percent

• By Designation- C level - 35.0 percent, D-suite - 25.0 percent, Others - 40.0 percent

• By Region- North America - 40.0 percent, EU - 30.0 percent, Asia-Pac - 25.0 percent, RoW - 5.0 percent

Segment Research

The document breaks down the automotive safety system market and forecasts its size, by quantity and value, on the basis of area (Asia Pacific (APAC), Europe (EU), North America continent, and RoW), technology (active and passive safety system ), on-highway vehicle (PC, LCV, Buses, and Trucks), electric vehicle (BEV, HEV, FCEV, and PHEV), off-highway vehicle (agriculture and contruction vehicles), and offering (hardware and software).

The industry report also offers a comprehensive review of market drivers, industry restraints, possibilities, and opportunities in the automotive safety system market. The study also includes qualitative aspects additionally to the quantitative aspects of these sectors.

Main highlights

The analysis will facilitate the market top players/new sector entrants in this sector by providing them the closest approximations of the revenue numbers for the global automotive safety system market and its sub-segments.This industry report will facilitate partners to apprehend the competitor overview better and acquire business insights to position their businesses better and make suitable go-to-market approaches.

The market research also benefits the partners to comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

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