Automotive Active Safety System Market 2022 Predictable to Witness Sustainable Evolution Over 2030
Market Overview
Automotive active safety systems are a
combination of certain systems that are gaining more popularity due to
enhancing the driving experience and increasing vehicle safety. This system is
more helpful as it provides an alert to the driver for potential problems in
the vehicle. This system provides various active safety features, including
adaptive cruise control, automated lighting, automated braking, connecting to
smartphones, incorporating traffic warnings, alerting the driver to other cars
or dangers, showing what is in blind spots, and keeping the driver in the
correct lane.
The advanced active safety features are helpful for the
growth of the Automotive
Active Safety System Market. The increase in stringent
government regulations for safety and increasing production of vehicles are the
major growth driving factors for the Automotive Active Safety System
Industry. The global market is increasing its demand across the
regions due to the increasing commercial vehicles and increasing production of
a passenger.
During the forecast period, the increase in demand for
active safety systems can enhance the global market growth by increasing
the Automotive Active Safety System Market Size. Nowadays, the
government is focusing more on the safety of the driver, and the increasing
concern for the safety of the driver involves various latest safety
technologies. Here, adopting such advanced safety technologies is driving the
global market growth with enhancing the Automotive Active Safety System
Market Size for the forecast period.
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Automotive Active Safety System Market – Competitive
Landscape
Highly competitive, the automotive active safety system
market appears to be fragmented due to the presence of several well-established
players. To gain a larger competitive share, players adopt strategies such as
mergers & acquisitions, innovation, and brand reinforcement.
Technology providers strive to develop low-cost, compact
systems and improved hardware. Automakers, auto component suppliers, and OEMs
are focusing on the development of advanced active safety systems to be at the
front of the competition. They also try to provide after-sales services to the
end-users.
Major Players
Players leading the automotive active safety system market
are Continental (Germany), Delphi Technologies (UK), Bosch (Germany), Autoliv
(Sweden), Hyundai Mobis (South Korea), ZF Friedrichshafen (Germany), DENSO
(Japan), Magna International (Canada), Valeo (France), Infineon Technologies
(Germany), Ficosa International SA (Spain), FLIR Systems (US), Borg Warner
Inc.(US), CAx software (India), and PSA Peugeot Citroen (France), and
Automotive Active Safety System Market – Segmentations
The report is segmented into four dynamics;
By Products: Lane Departure Warning, Tyre-Pressure
Monitoring System, Adaptive Cruise Control, Driver Monitoring, Night Vision
System, Anti-Lock Braking System, Blind Spot Detection system, and others.
By Occupant Types: Driver, Passenger,
Pedestrian, and Child.
By Vehicle Types: Passenger Cars and Commercial
Vehicles.
By Regions: Americas, Europe, APAC, and
Rest-of-the-World.
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Global Automotive Active Safety System Market – Regional
Analysis
North America dominates the global automotive active safety
systems. The largest market share attributes to substantial technological
advances and their uptake in developing active safety systems. Besides, the
increasing vehicle production and growing demand for automotive safety features
drive the regional market. Moreover, the well-established automobile industry
in this region creates significant opportunities for the automotive active
safety system market.
Europe stands second in the global automotive active safety
systems. The market growth is driven by the growing passenger car markets
in Germany, the UK, France, and Italy. Europe is the world's largest hub for
automotive research and innovation, which, alongside the resurging economy in
the region, increases the automotive active safety system market size.
Additionally, backed by enormous investments and upgrades in
related technologies, the UK and Germany account for significant shares in the
regional market.
The Asia Pacific automotive active safety systems market is
rapidly emerging as a promising market globally. Factors such as the increasing
passenger and commercial vehicle production and advances in safety technologies
in the region influence the market's growth.
Furthermore, the presence of several system manufacturers
and increasing use of safety technology for driver's safety impact the market
growth positively. The increasing population and urbanization led by improving
economic conditions in the region boost market growth.
Industry/Innovation/Related News:
February 06, 2020 ---- Veoneer, Inc. (the US),
the world's largest pure-play company focused on advanced driving assistance systems
(ADAS) and automated driving (AD), and its software joint venture Zenuity,
announced that many Asia-based automakers and OEMs have selected it to Supply
Active Safety System for its next-generation Mono Vision and Radar System. This
is one of the major expansions of Veoneer's customer base and in-house
developed vision system.
Veoneer's scalable system has been developed to meet Euro
NCAP 5-star safety rating and provide several driver-assistance features such
as highway assist, lane centering control, stop & go adaptative cruise
control, automatic emergency braking, traffic sign recognition, and automated
high beam control.
Continued……..
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