Automotive Safety Device Market size was valued at USD 60 Billion in 2024 and is projected to reach USD 90 Billion by 2033, exhibiting a CAGR of 5.5% from 2026 to 2033.
The global automotive safety device market was valued at USD 52.3 billion in 2022 and is projected to reach USD 99.8 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.5% during the forecast period. This growth is attributed to the increasing demand for advanced safety features in vehicles, driven by stricter safety regulations and consumer preference for enhanced protection. North America and Europe together accounted for the largest share of the market in 2022, with North America contributing USD 18.2 billion and Europe accounting for USD 15.7 billion. In particular, the U.S. has seen a surge in the adoption of autonomous driving technology, which fuels the demand for advanced safety devices such as automatic emergency braking (AEB), lane keeping assist, and adaptive cruise control systems.
In terms of regional growth, Asia Pacific is expected to experience the highest growth rate during the forecast period, driven by rapid urbanization and increasing vehicle production in countries like China, India, and Japan. The automotive safety device market in Asia Pacific is projected to grow from USD 13.1 billion in 2022 to USD 30.2 billion by 2030, with a CAGR of 10.6%. The region is also witnessing increased awareness about road safety, along with the introduction of new government policies that mandate the installation of safety devices in vehicles. Additionally, the Latin American and Middle Eastern markets are gradually expanding, spurred by rising consumer income and infrastructural developments.
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Autoliv
Joyson Safety Systems
Toyoda Gosei
TRW Automotive
Continental
Delphi Automotive
East Joy Long Motor Airbag
FLIR Systems
Hella KGaA Hueck
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. 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 Device Market
Active Safety Devices
Passive Safety Devices
Passenger Cars
Commercial Vehicles
Electric Vehicles (EVs)
Advanced Driver Assistance Systems (ADAS)
Connected Vehicle Technologies
Telematics
OEMs (Original Equipment Manufacturers)
Aftermarket
Online Sales
Offline Sales
US (United States, US 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 Device 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 Device Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Safety Device Market, By Type
6. Global Automotive Safety Device Market, By Application
7. Global Automotive Safety Device Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Automotive Safety Device Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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