Automotive Safety System Market: Global Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation by Technology, Offering, Vehicle Type and Region

Automotive Safety System Market Definition:

Automotive safety systems are the safety systems which are used in vehicles to reduce the collision impact so that passengers sitting inside remain safe and secure. Safety systems are one of the most important components of automobile manufacturers as they are equipped for the safety and security of passengers.

 

Further, the Automotive Safety System market is segmented by Product, Age Group, Distribution Channel, and geography. On the basis of Technology, the Automotive Safety System market is segmented under Active Safety System and Passive Safety System. Based on the Offering, the Automotive Safety System market is segmented under Hardware and Software. Based on the Vehicle Type, the Automotive Safety System market is segmented under On-Highway vehicles, Off-Highway vehicles, and Electric Vehicle. By geography, the market covers the following regions: North America, Europe, Asia-Pacific, South America, and Middle East & Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).

 

 

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Automotive Safety System Market Dynamics:

Various types of safety systems such as airbags, seatbelts, antilock braking systems, stability control systems, electronic traction, lane departure warning, blind-spot detection and driver monitoring are used for the safety of passengers. Innovations and advanced technologies lead to the integration of safety technologies and automated systems such as electro chromic meters, padded knew bolster, passenger sensing systems and energy-absorbing system that increases the safety of passengers. Automotive active safety is a safety system that helps the driver in balancing vehicle control. Reducing and preventing road accidents and improving the overall experience of the driver. The device helps the car to maintain its particular lane.

 

The automotive safety system market is expected to increase through the forecast period as there is an increase in demand for more convenient and safer driving options. Further, strict government regulations and policies in terms of maintaining the safety and security of passengers and implementing advanced safety features is driving the demand for the automotive safety system market.

 

Moreover, the national highway traffic association in the US makes it mandatory for all vehicles which are plying on countries’ roads should have a threshold level of automotive safety technologies such as antilock braking system, electronic stability control, cruise control and blind-spot detection. Also recently Europe council makes mandatory to manufacture all cars equipped with advanced safety systems such as tire pressure monitoring systems, lane-keeping assistance and emergency braking system. These factors drive the market growth through the forecast period.

 

One of the biggest restraints of the automotive safety system market is the increase in the production cost of the vehicle due to the installation of safety systems as advanced technologies require high investments in research and development. Which increases the total cost of vehicles. Further, these features are helpful in preventing accidents but may not completely account for human mistakes. A recent study showed that advanced systems can prevent 41% of auto accidents. However, these systems do not make vehicles automatic thus drivers are unaware of this technology and how it can fall short which increases a false sense of confidence. These factors are expected to hinder the automotive safety system market through the forecast period.

 

The advanced driver assistance system ADAS resulted in a 3.4% decrease in the total number of car accidents. Moreover, according to MMR research, it is reported many changes in the number of accidents caused by property damage and bodily injuries are dropped by 18% and 27% respectively due to the application of ADAS systems in vehicles. Further cars installed with blind-spot monitoring show 15% fewer accidents than the same vehicles without a blind-spot monitoring safety system. These factors are expected to drive the automotive safety system market through the forecast period.

 

The emergence of autonomous vehicles is expected to create growth opportunities in the market. Autonomous vehicles are equipped with new safety features such as intelligent park assistant, night vision system, ABS, and EBD are expected to drive the market growth through the forecast period.  The driver monitoring systems are expected to drive the market through the forecast period. The DMS is the safety system that collects the observable information about the driver and tests their ability and performance for the dynamic tasks. This system is helpful in detecting drowsy and distracted drivers by precisely measuring head and eye position and driver fatigue and attention. In recent years European Union has voted to adopt safety systems in automobiles.

 

Thus all buses, trucks, and vans have adopted the DMS system, which is accelerating the growth of the automotive safety system market through the forecast period. According to MMR research about 6 Mn auto accidents occur on American roads every year thus safety features are necessary for the safety of passengers. Features like AEB automatic emergency brake, it is one of the best auto security. These are the opportunities that drive the automotive safety system market through the forecast period.

 

Automotive Safety System Market Segment Analysis:

By Technology, the automotive passive safety market is expected to grow by 3.7% through the forecast period. The automotive safety system market is classified into passive safety systems and active safety systems Blind spot detection, active cruise control, lane departure warning system, head-up display, park assist, E- call telematics, and Tire-Pressure monitoring systems. These are the various types of the active safety system.

 

Moreover, passive safety systems are classified into seatbelts, airbags, steering wheels, electronic control units and various other components. The passive safety system segment is expected to grow at the highest CAGR through the forecast period. Thus it is expected to dominate the market through the forecast period.

 

 

By Offering, The Automotive safety market is classified into software and hardware. The hardware system is installed primarily as a low-cost installation and it is less complex. The software system on the other hand is more precise, accurate, and trustworthy in terms of safety features, however, being complicated and expensive.

 

By Vehicle Type, the automotive safety market is classified into electric vehicles, on-highway vehicles and off-highway vehicles. The passenger car is expected to dominate the market through the forecast period. Due to stringent government regulations on the adoption of safety systems in vehicles driving the market through the forecast period.

 

Moreover, an increase in the production of passenger vehicles in developing countries is expected to drive the market through the forecast period. Currently, the manufacturing of electric vehicles is increasing as the government is promoting the production of electric vehicles. These are the factors that are driving the market through the forecast period.

 

Automotive Safety System Market Regional Insights:

On the basis of region, the market is classified into North America, the Asia Pacific, South America, the Middle East and Africa. North America is expected to dominate the market through the forecast period. The increasing number of electric vehicles fueling the demand for autonomous vehicles to be introduced in various sectors. The North American region is already adopted the safety systems a few years ago. The US contributes 3% to the overall GDP of the country.

 

Moreover, it is one of the largest manufacturers in the luxury car market with a revenue of 5 Bn. Asia Pacific region is expected to grow significantly through the forecast period. The surge in consumer income levels caused an increase in vehicle production in developing countries like China and India. Also, India has almost mandated the installation of an Anti-lock Braking system in all vehicles.

 

Automotive Safety System Market Key Players Insights:

The market is characterized by the existence of a number of well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a global presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.

 

The market's major companies have a significant impact because most of them have extensive global networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the global market, key players in the market, particularly in North America and Europe, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.

 

The objective of the report is to present a comprehensive analysis of the Global Automotive Safety System market to the stakeholders in the industry. The report provides trends that are most dominant in the Global Automotive Safety System 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 Global Automotive Safety System 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 Global Automotive Safety System 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 Global Automotive Safety System market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Global Automotive Safety System 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 Global Automotive Safety System market. The report also analyses if the Global Automotive Safety System 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 Global Automotive Safety System market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Global Automotive Safety System market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Global Automotive Safety System market is aided by legal factors.

 

Automotive Safety System Market Scope:

 

Automotive Safety System Market
Market Size in 2023	USD 55.13 Bn.
Market Size in 2030	USD 100.78 Bn.
CAGR (2024-2030)	9 %
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Technology Active Safety System Passive Safety System
	By Offering Hardware Software
	By Vehicle Type On-Highway Vehicle Off-Highway Vehicle Electric Vehicle
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

 

Automotive Safety System Market Key Players:  

• Continental
• Magna
• ZF Friedrichshafen
• Robert Bosch
• Toyoda Gosei Co. Ltd
• Autoliv
• Delphi Automotive
• Infineon Technologies
• Takata Corporation
• Nihon Plast Co., Ltd.
• Lear Corporation
• Hyundai Mobis
• Grammer AG
• Johnson Controls
• Toyota Boshoku