Automotive Active Safety Sensors Market: Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation by Vehicle Type, Application, Sensor and Region

Automotive Active Safety Sensors Market Overview:

Automotive Active Safety Sensors market is growing at a rapid pace due to stringent safety requirements that have been enforced by governments across the globe regarding the safety of automobiles. The automotive active safety sensors market is segmented into vehicle type, application, sensor and region. On the basis of vehicle type the segment is further sub-segmented into passenger and commercial vehicles. Additionally, on the basis of application the automotive active safety sensors market is further segmented into Anti-Lock Braking System, Adaptive Cruise Control, Traction Control, Lane Departure Warning. Market segmentation by sensor type includes Camera Sensors, Radar Sensors, LiDAR sensors. Geographically the automotive active safety sensors market can be segmented into North America, Europe, Asia-Pacific and other regions.  

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Automotive Active Safety Sensors Market Dynamics:

Due to strict safety regulations, the worldwide automotive active safety sensors market is expected to grow significantly by 2027. Increasing numbers of traffic accidents throughout the world are prompting governments in numerous nations to enforce more rigorous automobile safety standards. Furthermore, the market is being propelled by the growing demand for enhanced car safety systems around the world. An Automotive Active Safety Sensor is a system that aids in the early detection of harmful circumstances. It not only controls the vehicle's driving, but it also improves the driving experience in a variety of road conditions and traffic patterns. Recent advances in sensor, actuator, and computer technology have enabled the creation of additional functions in the vehicle active safety sensor. The braking system, lane departure warning, adaptive cruise control, and blind-spot detection all use these sensors.

Such elements are projected to keep the automotive active safety sensors market growing in the near future. Road accidents all around the world are fueling the growth of the vehicle active safety sensors market. According to the Centers for Disease Control and Prevention, vehicle accidents are the biggest cause of death in the United States for those aged from 1 to 54. Furthermore, the increased focus on improving road safety is expected to boost market growth in the near future. Another key market driver is product innovation based on consumer demand these days consumers are well aware of their needs and what the automotive market can offer, primary requirements like safety is not ignored by the current consumers which is compelling the manufacturers to come up with new safety features in order to stay relevant in current market

Automotive Active Safety Sensors Market Segment Analysis:

Based on vehicle type, automotive Active Safety Sensors Market is segmented into passenger cars & commercial vehicles, during the forecast period, the passenger car is expected to continue to be the market's growth engine. The segment is driven by rising car production and extensive adoption of active safety features. Electric vehicles, driverless vehicles, and improved fuel efficiency are the areas where passenger cars are undergoing heavy technological upgrades. Active safety systems will play a huge role in accomplishing these goals which would require safety sensors in large volume.

Based on sensor types, the automotive active safety sensor market can be further segmented into four types: camera sensor, radar sensor, LiDAR sensor, and others. During the predicted period, radar sensor segment is expected to be the most popular sensor type. During the same time period, the sensor type is expected to grow at a rapid pace. Radar sensors have longer and higher resolution properties, allowing them to differentiate several objects in real time. Environmental factors such as illumination, weather, and particulates likewise have little effect on them. These are some of the main reasons why radar sensors are growing at a faster rate than other sensors. Moreover, there is high requirement of radar sensors for vehicles with auto-pilot feature that rely heavily on such sensors for decision making and control.

Based on Application, The automotive active safety sensors market categorized into five categories: Anti-Lock Braking system (ABS), adaptive cruise control, Traction Control, Lane departure warning, and others. Anti-Lock Braking systems are predicted to remain the most dominating section of the market, and they are also expected to grow at a rapid pace as majority of vehicle manufacturers have started to offer this feature with the standard offering and also governments across the globe have enforced stringent vehicle safety standards that call for ABS features to be installed on vehicles.

Automotive Active Safety Sensors Market Regional Insights:

Europe is projected to remain the largest automotive active safety sensors market during the forecast period due to the high adoption of active safety systems to address the stringent regulations of the Euro NCAP (New Car Assessment Programme) safety standard and the increasing share of autonomous and semi-autonomous vehicles in Europe. 

Asia-Pacific regions is expected to experience the most growth as compared to other regions because of the increased standard of living in the developing economies, the overall automotive market itself is growing at a very healthy pace adding to that is the fact that safety standards have become stringent in Asia-Pacific market as well indicating rise in sales of automotive active safety sensors. The Asia-Pacific market for active safety sensors is being driven by Japan and China. Both countries currently hold a combined market share of more than 65 percent in Asia-Pacific, and they are expected to develop at a rapid pace over the projected period.

North American automotive active sensors market is also projected to grow at a decent rate owing to the stringent safety standards set by the authorities which will force the vehicle manufacturers to use active safety sensors in order to match the standard specifications set by National Highway Traffic Safety Administration (NHTSA). Additionally, autonomous and semi-autonomous vehicles require active safety sensors on large scale and hence will drive the market upwards during the forecast period. Miniaturization and increased communication capabilities are propelling the Middle East and Africa's automotive sensor market, allowing them to be integrated into automobiles without interfering with the vehicle's core functions. The increased use of automotive sensors in various applications such as automotive and medical is one of the factors driving the market's growth in Africa. The automotive sensor market in the Middle East and Africa is competitive due to the presence of various manufacturers. The most common methods used by most industry players to grow in the automotive sensors market are new product releases, partnerships, agreements, collaborations, and joint ventures.

The objective of the report is to present a comprehensive analysis of the Automotive Active Safety Sensorsmarket to the stakeholders in the industry. The report provides trends that are most dominant in the Automotive Active Safety Sensors market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Automotive Active Safety Sensors Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

The qualitative and quantitative data provided in the Automotive Active Safety Sensors market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Automotive Active Safety Sensors market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Automotive Active Safety Sensors market.

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the Automotive Active Safety Sensors market. The report also analyses if the Automotive Active Safety Sensors market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Automotive Active Safety Sensors market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Automotive Active Safety Sensors market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Automotive Active Safety Sensors market is aided by legal factors.

Automotive Active Safety Sensors Market Scope:

Automotive Active Safety Sensors Market Key Players

• Autoliv Inc. (Sweden)
• Continental AG (Germany)
• Robert Bosch GmbH (Germany)
• Takata Corporation (Japan)
• ZF Friedrichshafen AG (Germany)
• Aptiv PLC (Ireland)
• Bendix CVS (USA)
• Denso Corporation (Japan)
• Ficosa International S.A (Spain)
• Freescale Semiconductor (USA)
• Huf Electronics (Germany)
• Hella KGaA Hueck & Co. (Germany)
• Hyundai Mobis Co. Ltd (South Korea)
• Joyson Safety Systems Inc (USA)
• Toyoda Gosei Co. Ltd (Japan)