Global Automotive Safety System Market Size, Share, Forecast Report, 2020-2027

The global Automotive Safety System market garnered revenue around USD XX Billion in 2019 and projected to reach USD XX Billion in 2027, with at a compound annual growth rate of 9.5% throughout the estimate period from 2020 to 2027.

The need for automotive safety system in automobiles arises from the huge and positive technological development in the automotive sector. With extensive research and development in the automotive field, high-end and high-performance cars are trending up. However, chances for mishaps increase radically with such high powered cars, thus, highlighting the need for implementing adequate life saving measures.

This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.

The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Automotive Safety System market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Automotive Safety System market growth.

The global Automotive Safety System market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.

Major manufacturers analysed under this study comprises:

Some of the key players in the automotive safety system market are Delphi Automotive PLC (Aptiv PLC) (U.S.), Continental AG (Germany), Denso Corporation (Japan), Magna International Inc. (Canada), Robert Bosch GmbH (Germany), TRW Automotive (U.S.), Autoliv Inc. (U.S.), Johnson Electric Holdings Limited (Hong Kong), Takata Corporation (Japan) and Mobileye N.V. (Israel).

This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:

On the basis of active technology, the most commonly used and widely popular technologies are Tire Pressure Monitoring Systems (TPMS), Lane Departure Warning Systems (LDW), Anti-Lock Braking Systems (ABS), and Blind Spot Detection (BSD). These technologies work real time with the vehicle, engine, and the Central Electronic Processing Unit (CEPU) to constantly create and update the database for crucial parameters of the vehicle. Although technologies, such as Driver Monitoring System (DMS) and Adaptive Cruise Control (ACC), offer a thorough and comforting driving experience, they are quite expensive. Hence, these systems are fit into high end/expensive luxury automobiles. On the basis of passive technology, airbag system is the most economical and efficient, owing to low installation and production cost. On the basis of fuel used, the safety system is installed in all types of vehicles, though the installation is easier in case of the electric vehicles due to less complexity involved in terms of engine functionality and connection between different parameters and the battery operated drive system. On the basis of offering, the hardware safety system is installed primarily due to low complexity and low cost of installation. On the other hand the software system though complex, highly integrated and costly, offers much more precise and reliable safety features.

Regional Analysis and Forecast

Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:

• North America
  • S.
  • Canada
• Europe
  • Germany
  • K.
  • Italy
  • France
  • Rest of EU
• Asia Pacific
  • China
  • India
  • Japan
  • Southeast Asia
  • Rest of APAC
• Central & South America
  • Brazil
  • Argentina
  • Rest of Central & South America
• Middle East and Africa
  • UAE
  • Saudi Arabia
  • Rest of MEA