Automotive Safety System Market was valued at USD 57 Billion in 2022 and is projected to reach USD 95 Billion by 2030, growing at a CAGR of 7.45% from 2024 to 2030.
From 2023 to 2033, the automotive safety system market is expected to see even greater expansion. The demand for more advanced and comprehensive safety features is projected to increase, as both consumer awareness and regulatory requirements evolve. Governments worldwide are pushing for the adoption of autonomous driving technologies and stricter safety standards, including the mandatory implementation of certain safety features in vehicles. With the rising focus on environmental sustainability and the push towards electric vehicles (EVs), the automotive safety system market will experience growth driven by innovations specific to EV safety, including battery protection and fire suppression systems. Additionally, new safety technologies will be developed to accommodate the rising number of autonomous vehicles and electric cars on the road.
The global market for automotive safety systems is anticipated to grow significantly in the coming decade. Experts predict that the shift towards autonomous driving, smart mobility, and increased vehicle connectivity will create a thriving demand for advanced safety technologies. By 2033, it is expected that nearly all vehicles will come equipped with a wide range of safety systems, ranging from semi-autonomous to fully autonomous driving capabilities. This growth will also be supported by partnerships between automakers and tech companies focused on improving vehicle safety and driving intelligence.
The automotive safety system market will continue to thrive due to the rise of artificial intelligence (AI) and machine learning technologies, which can be integrated into safety systems to enhance performance. These technologies will enable more accurate vehicle monitoring, predictive capabilities, and real-time adjustments to driving conditions. Additionally, safety technologies such as pedestrian detection systems and advanced crash sensors will become increasingly commonplace. The integration of 5G connectivity is also expected to play a pivotal role in making vehicles smarter, facilitating safer driving through instant communication between vehicles and infrastructure.
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The automotive safety system market has witnessed significant changes between 2018 and 2022, driven by technological advancements, regulatory standards, and growing consumer demand for safer driving experiences. The automotive industry has made major strides in integrating innovative safety technologies into vehicles, resulting in the development of advanced driver-assistance systems (ADAS), autonomous driving features, and enhanced crash avoidance systems. These systems include lane-keeping assistance, adaptive cruise control, collision warning, automatic emergency braking, and blind-spot monitoring, among others. As vehicle manufacturers and suppliers strive to meet both consumer expectations and regulatory mandates, the market for automotive safety systems has grown substantially in recent years.
ZF-TRW
Autoliv
Joyson Safety Systems
Continental
Robert Bosch
Denso
Toyota Gosei
Mobileye
Nihon Plast
Jinheng Automotive Safety System
Hyundai Mobis
Aisin
Tokai Rika
Ashimori Industry
MANDO
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive Safety System Market
Passenger Vehicle
Commercial Vehicle
Based on Types the Market is categorized into Below types that held the largest Automotive Safety System market share In 2023.
Active Safety System
Passive Safety System
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automotive Safety System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automotive Safety System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Safety System Market, By Type
6. Global Automotive Safety System Market, By Application
7. Global Automotive Safety System Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automotive Safety System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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