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.
The global automotive safety system market was valued at approximately USD 55 billion in 2022 and is anticipated to reach around USD 90 billion by 2027. This growth represents a compound annual growth rate (CAGR) of about 10% over the forecast period. The rising demand for advanced safety features in vehicles, driven by increasing regulations and consumer awareness regarding vehicle safety, is a primary factor fueling this expansion. Key components contributing to this market's growth include advanced driver-assistance systems (ADAS), electronic stability control, and automated braking systems. As technological advancements continue to evolve, the adoption of these systems is expected to accelerate, further driving market value.
Emerging markets present significant opportunities for automotive safety system providers. Regions such as Asia-Pacific are witnessing rapid urbanization and growth in the automotive industry, leading to higher demand for enhanced safety features. Additionally, the increasing focus on reducing road traffic accidents and improving vehicle safety standards in developing countries is expected to open new avenues for market expansion. Investment in research and development, coupled with strategic collaborations, will play a crucial role in tapping into these burgeoning opportunities. The shift towards electric and autonomous vehicles is also anticipated to introduce innovative safety solutions, thereby creating further growth prospects in the automotive safety sector.
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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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