NEW
YORK, July 4, 2024 /PRNewswire/ -- The
global automotive active safety system market size
is estimated to grow by USD
2.19 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of almost 3.31%
during the forecast period. Increase in safety concerns is
driving market growth, with a trend towards growing
development of ai-enabled adas solutions. However, slowdown in
automobile manufacturing poses a challenge. Key market players
include Aptiv Plc, Autoliv Inc., Continental AG, DENSO Corp.,
Faurecia SE, Infineon Technologies AG, Joyson Safety Systems
Aschaffenburg GmbH, Knorr Bremse AG, Lear Corp., Magna
International Inc., Mobileye Technologies Ltd., Ningbo Jifeng Auto
Parts Co. Ltd., Robert Bosch GmbH, Samsung Electronics Co. Ltd.,
TomTom NV, Toyoda Gosei Co. Ltd., Valeo SA, Veoneer Inc., Visteon
Corp., and ZF Friedrichshafen AG.
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Automotive Active
Safety System Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
3.31%
|
Market growth
2024-2028
|
USD 2198.8
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
3.17
|
Regional
analysis
|
APAC, Europe, North
America, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 38%
|
Key
countries
|
China, US, Germany,
Japan, and UK
|
Key companies
profiled
|
Aptiv Plc, Autoliv
Inc., Continental AG, DENSO Corp., Faurecia SE, Infineon
Technologies AG, Joyson Safety Systems Aschaffenburg GmbH, Knorr
Bremse AG, Lear Corp., Magna International Inc., Mobileye
Technologies Ltd., Ningbo Jifeng Auto Parts Co. Ltd., Robert Bosch
GmbH, Samsung Electronics Co. Ltd., TomTom NV, Toyoda Gosei Co.
Ltd., Valeo SA, Veoneer Inc., Visteon Corp., and ZF Friedrichshafen
AG
|
Market Driver
Automobile companies are prioritizing customer needs and
delivering customized solutions in a fully connected automotive
environment. Artificial Intelligence (AI) technology is
increasingly being adopted in Advanced Driver-Assistance Systems
(ADAS) due to the rising demand for functions that mimic human
brain capabilities. AI-based ADAS continuously learns from
experiences and enhances its ability to detect and recognize
surroundings. These systems consume less power and reduce ADAS
development time. Prominent ADAS manufacturers are developing
AI-based solutions to improve vehicle safety and autonomy. The
surge in demand for safer and more autonomous vehicles is driving
the growth of AI-enabled ADAS solutions. Automakers are investing
heavily in autonomous vehicles, which rely on advanced AI-enabled
ADAS to navigate roads and prevent accidents. Sensor technology and
computing power advancements enable real-time data processing,
leading to the development of advanced features like adaptive
cruise control, lane keep assist, and automatic emergency braking.
For instance, Continental AG launched new ADAS solutions based on
Ambarella's CV3 AI system-on-chip (SoC) family in November 2022. Such developments are expected to
fuel the growth of the global automotive active safety system
market during the forecast period. The integration of AI into ADAS
systems is revolutionizing how vehicles perceive and respond to
their environment, making the market a significant trend. The
increasing demand for advanced safety features, technology
advancements, and government regulations are expected to drive
market growth.
The Automotive Active Safety System market is witnessing
significant growth due to increasing demand for advanced vehicle
safety features. Key trends include Blind Spot Detection, Lane Keep
Assist, and Anti-roll braking systems. Investment pockets lie in
technological improvements such as Lidar, radar, cameras,
ultrasonic sensors, machine learning, and AI. Market drivers
include shifting customer tastes towards safer vehicles,
urbanization, and traffic congestion. Key restraints include high
production costs and regulatory challenges. Mitsubishi Motors
Corporation, Seatbelts, and Headrests are traditional safety
features still in demand. Market opportunities include autonomous
and connected vehicles, telematics, and environmental concerns.
Buyers seek reliable suppliers to meet increasing demand.
Competitive intensity is high, with key players investing in
R&D for technological advancements. Market share is fragmented,
with major players including Mitsubishi Motors Corporation. Demand
for vehicle safety systems is driven by traffic, long distance
travel, and high-speed vehicles. Young customers prioritize safety
features when purchasing vehicles. Key suppliers include Bosch,
Continental AG, and Delphi Technologies. Technological improvements
and shifting customer tastes are expected to continue driving
market growth.
Research report provides comprehensive data on
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Report
Market Challenges
- The automotive industry is currently experiencing a
manufacturing slowdown due to the semiconductor chip shortage and
supply chain disruptions caused by the COVID-19 pandemic. This
situation may significantly impact the global automotive active
safety system market, as the availability of critical components,
such as semiconductor chips, is uncertain. Production delays and
reduced output could affect the deployment of active safety systems
in new vehicles. Additionally, changing consumer preferences and
the shift toward electric and hybrid vehicles, which have different
safety requirements, may impact the demand for certain types of
active safety systems during the forecast period.
- The Automotive Active Safety System market is witnessing
significant growth due to increasing demand for advanced vehicle
safety features. Key drivers include blind spot detection, lane
keep assist, and anti-roll braking systems. Challenges include the
high cost of technologies like lidar, radar, cameras,
ultrasonic sensors, machine learning, and AI. Market trends include
the shift towards driverless and connected cars, urbanization, and
long-distance travel. Mitsubishi Motors Corporation and other
suppliers are investing in technological improvements to meet buyer
needs. Market restraints include regulatory challenges and shifting
customer tastes towards environmental concerns. Opportunities lie
in the production of autonomous vehicles, connected vehicles,
telematics, and seatbelts. Competitive intensity is high, with key
players focusing on innovation and cost reduction. Buyers seek
reliable and affordable safety systems for their automobiles,
especially during traffic, urban driving, and high-speed vehicles.
Accidents and collisions remain a major concern, making active
safety systems a must-have for automakers.
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challenges - Request a sample report!
Segment Overview
This automotive active safety system market report extensively
covers market segmentation by
- Safety And Signaling System
- 1.1 Anti-lock braking system
- 1.2 Lane departure warning system
- 1.3 Electronic stability control
- 1.4 Adaptive cruise control
- 1.5 Automatic emergency braking and others
- Vehicle Type
- 2.1 Passenger cars
- 2.2 Commercial vehicles
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Anti-lock braking system-
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The Automotive Active Safety System market is witnessing
significant growth due to the increasing demand for vehicle safety
systems in the automobiles industry. Seatbelts and headrests are
essential active safety features that have been a part of
automobiles for decades. However, with advancements in technology,
collision avoidance systems, airbags, and other active safety
features are becoming increasingly popular. The market is driven by
factors such as traffic congestion, production of high-speed
vehicles, urbanization, and the shift towards driverless and
connected cars. Technological improvements, shifting customer
tastes, and environmental concerns are also contributing to the
market's growth. The demand for active safety systems is
particularly high for long-distance travel and road trips. Lidar
technology is a key enabler for advanced safety features such as
adaptive cruise control and automatic emergency braking. The market
is expected to continue growing as the focus on vehicle safety
increases.
Market Research Overview
The Automotive Active Safety System market is witnessing
significant growth due to the increasing demand for vehicle safety
systems in the automobiles industry. Seatbelts and headrests are
essential active safety features that have been a standard in
vehicles for decades. However, the market is now focused on
advanced systems like collision avoidance, blind spot detection,
lane keep assist, and anti-roll braking systems. Traffic
congestion, urbanization, and the rise of driverless and connected
cars are key drivers for the market. The production of high-speed
vehicles, long distance travel, and young customers' preferences
are also contributing to the demand. Market trends include
technological improvements, shifting customer tastes, and the
integration of autonomous vehicles, connected vehicles, telematics,
and environmental concerns. Key drivers for the market include the
increasing number of accidents, government regulations, and the
growing awareness of vehicle safety. Restraints include the high
cost of advanced safety systems and the lack of standardization.
Opportunities include the increasing market share of active safety
systems, investment pockets in emerging economies, and the
integration of machine learning and artificial intelligence (AI) in
safety systems. Buyers include automobile manufacturers, suppliers,
and aftermarket players. Competitive intensity is high, with
players like Mitsubishi Motors Corporation investing in sensor
technology, such as lidar, radar, cameras, and ultrasonic sensors,
to gain a competitive edge. The market is expected to grow at a
CAGR of over 10% during the forecast period.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Safety And Signaling System
-
- Anti-lock Braking System
- Lane Departure Warning System
- Electronic Stability Control
- Adaptive Cruise Control
- Automatic Emergency Braking And Others
- Vehicle Type
-
- Passenger Cars
- Commercial Vehicles
- Geography
-
- APAC
- Europe
- North America
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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