HOME Top Market Reports Automotive Safety System Market by Technology (Active (ABS, ESC, BSD, LDWS, TPMS) and Passive (Airbag, Pedestrian and Whiplash Protection)), On-highway (PC, LCV, Buses, Trucks), Off-highway, EV, Offering (Hardware, Software) - Global Forecast to 2025

Automotive Safety System Market by Technology (Active (ABS, ESC, BSD, LDWS, TPMS) and Passive (Airbag, Pedestrian and Whiplash Protection)), On-highway (PC, LCV, Buses, Trucks), Off-highway, EV, Offering (Hardware, Software) - Global Forecast to 2025

By: marketsandmarkets.com
Publishing Date: April 2018
Report Code: AT 6140

 

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The automotive safety system market is estimated to be USD 76.50 Billion in 2016 and is projected to reach 169.46 Billion by 2025, at a CAGR of 9.36% during the forecast period. The report analyzes and forecasts the market size, in terms of volume (000/million units) and value (USD million/ billion), of this market. The report segments the global market and forecasts its size, by volume and value, on the basis of region, technology (active and passive safety system), on-highway vehicle, off-highway vehicle, and electric vehicle, and in terms of value, by offering. The report also provides a detailed analysis of various forces acting in the market (drivers, restraints, opportunities, and challenges). It strategically profiles the key players and comprehensively analyzes their market shares and core competencies. It also tracks and analyzes competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants.

The research methodology used in the report involves various secondary sources such as China Association of Automobile Manufacturers (CAAM), European Automobile Manufacturers Association (EAMA), Environmental Protection Agency (EPA), Society of Indian Automobile Manufacturers (SIAM), Japan Automobile Manufacturers Association (JAMA), Canadian Automobile Association (CAA), and Korea Automobile Manufacturers Association (KAMA). Experts from related industries and suppliers have been interviewed to understand the future trends in the automotive safety system market. Both top-down and bottom-up approaches have been used to estimate and validate the size of the global market. In the bottom-up approach, the market size, by volume, is derived by identifying the region-wise production volumes and analyzing the demand trends. The market size, by value, is derived by multiplying the average selling price of automotive safety systems of that region.  The top-down approach has been used to estimate the offering type segment. The percentage split of global market has been done for estimating the offering type segment by value.

The figure given below illustrates the break-up of the profile of industry experts who participated in primary discussions.

Automotive Safety System Market

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of the automotive safety system market consists tier I suppliers such as Robert Bosch (Germany), Continental (Germany), Denso (Japan), Infineon (Germany), and Delphi (UK).

Target Audience

  • Automobile manufacturers
  • Distributors and suppliers of automotive safety systems
  • Industry associations and automotive experts
  • Automotive safety feature manufacturers
  • Automotive component manufacturers
  • Autonomous vehicle software providers
  • Electric vehicle manufacturers
  • Automotive technology providers
  • Tier 1, Tier 2, and Tier 3 suppliers

Scope of the Report

  • By Technology
    • Active Safety System:
      • Anti-Lock Braking Systems (ABS)
      • Automatic Emergency Breaking (AEB)
      • Blind Spot Detection (BSD)
      • Electronic Brake Force Distribution (EBD)
      • Electronic Stability Control (ESC)
      • Lane Departure Warning Systems (LDW)
      • Tire Pressure monitoring system (TPMS)
      • Traction Control System (TCS)
      • Forward-Collision Warning (FCW)
    • Passive Safety System
      • Seatbelts
      • Airbags
      • Active Hood Lifters
      • Pedestrian Protection Airbag
      • Whiplash Protection System
  • By On-Highway Vehicle
    • Passenger Cars (PC)
    • Light Commercial Vehicle (LCV)
    • Buses
    • Trucks
  • By Off-Highway Vehicle
    • Agriculture Vehicle
    • Construction Vehicle
  • By Electric Vehicle
    • Battery Electric Vehicle (BEV)
    • Hybrid Electric Vehicle (HEV)
    • Plug-In Hybrid Electric Vehicle (PHEV)
    • Fuel Cell Electric Vehicle (FCEV)
  • By Offering
    • Hardware
    • Software
  • By Region
    • Asia Pacific
    • Europe
    • North America
    • Rest of the World

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

  1. Country level market for active and passive safety system markets (up to 3)
  2. Profiling of additional market players (Up to 3)
  3. Market sizing of additional safety systems (Up to 3)

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Secondary Sources
                    2.1.1.2 Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Sampling Techniques & Data Collection Methods
                    2.1.2.2 Primary Participants
    2.2 Factor Analysis
           2.2.1 Introduction
           2.2.2 Demand-Side Analysis
                    2.2.2.1 Need for Safety and Security
           2.2.3 Supply-Side Analysis
                    2.2.3.1 Technological Advancements in Vehicles
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Data Triangulation
    2.5 Assumptions

3 Executive Summary (Page No. - 32)

4 Premium Insights (Page No. - 40)
    4.1 Attractive Opportunities in this Market
    4.2 Automotive Safety System Market, By Region, 2017 & 2025
    4.3 Automotive Safety System Market, By Technology, 2017 & 2025
    4.4 Automotive Safety System Market, By On-Highway Vehicle, 2017 & 2025
    4.5 Automotive Safety System Market, By Off-Highway Vehicle, 2017 & 2025
    4.6 Automotive Safety System Market, By Electric Vehicle, 2017 & 2025
    4.7 Automotive Safety System Market, By Offering, 2017 & 2025

5 Market Overview (Page No. - 45)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Government Regulations Pertaining to Vehicle Safety
                    5.2.1.2 Rise in the Demand for A Safe, Efficient, and Convenient Driving Experience
                    5.2.1.3 Increasing Demand for Luxury Cars
           5.2.2 Restraints
                    5.2.2.1 Complex & Expensive Features
                    5.2.2.2 Software Failures in Applications
           5.2.3 Opportunities
                    5.2.3.1 Advent of Autonomous Vehicles
                    5.2.3.2 Rising Demand for Electric Vehicles
           5.2.4 Challenges
                    5.2.4.1 Security Threats
                    5.2.4.2 Maintaining A Balance Between Cost & Quality

6 Automotive Safety System Market, By Technology (Page No. - 54)
    6.1 Introduction
    6.2 Active Safety Systems
           6.2.1 Anti-Lock Braking Systems (ABS)
           6.2.2 Automatic Emergency Braking (AEB)
           6.2.3 Blind Spot Detection (BSD)
           6.2.4 Electronic Brake Force Distribution (EBD)
           6.2.5 Electronic Stability Control (ESC)
           6.2.6 Forward-Collision Warning (FCW)
           6.2.7 Lane Departure Warning Systems (LDWS)
           6.2.8 Traction Control System (TCS)
           6.2.9 Tire Pressure Monitoring Systems (TPMS)
    6.3 Passive Safety Systems
           6.3.1 Occupant Protection
                    6.3.1.1 Seatbelts
                    6.3.1.2 Airbags
           6.3.2 Pedestrian Protection Systems
                    6.3.2.1 Pedestrian Protection Airbag
                    6.3.2.2 Active Hood Lifters
           6.3.3 Whiplash Protection System

7 Automotive Safety System Market, By On-Highway Vehicle Type (Page No. - 68)
    7.1 Introduction
    7.2 Buses
    7.3 Light Commercial Vehicles
    7.4 Passenger Cars
    7.5 Trucks

8 Automotive Safety System Market, By Off-Highway Vehicle (Page No. - 76)
    8.1 Introduction
    8.2 Agriculture Vehicle
    8.3 Construction Vehicle

9 Automotive Safety System Market, By Electric Vehicle (Page No. - 88)
    9.1 Introduction
    9.2 Battery Electric Vehicle (BEV)
    9.3 Fuel Cell Electric Vehicle (FCEV)
    9.4 Hybrid Electric Vehicle (HEV)
    9.5 Plug-In Hybrid Electric Vehicle (PHEV)

10 Automotive Safety System Market, By Offering (Page No. - 101)
     10.1 Introduction
     10.2 Hardware
     10.3 Software

11 Automotive Safety System Market, By Region (Page No. - 105)
     11.1 Introduction
     11.2 Asia Pacific
             11.2.1 China
             11.2.2 India
             11.2.3 Japan
             11.2.4 South Korea
     11.3 Europe
             11.3.1 France
             11.3.2 Germany
             11.3.3 Italy
             11.3.4 Spain
             11.3.5 UK
     11.4 North America
             11.4.1 Canada
             11.4.2 Mexico
             11.4.3 US
     11.5 Rest of the World (RoW)
             11.5.1 Brazil
             11.5.2 Russia

12 Competitive Landscape (Page No. - 126)
     12.1 Overview
     12.2 Market Ranking Analysis
     12.3 Competitive Situations & Trends
             12.3.1 New Product Developments
             12.3.2 Expansions
             12.3.3 Mergers & Acquisitions
             12.3.4 Joint Ventures/Partnerships/Collaborations/Agreements

13 Company Profiles (Page No. - 134)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     13.1 Robert Bosch
     13.2 Denso
     13.3 Delphi Automotive
     13.4 Infineon
     13.5 ZF Friedrichshafen
     13.6 Continental
     13.7 Valeo
     13.8 Magna
     13.9 Autoliv
     13.10 Mobileye
     13.11 Hyundai Mobis
     13.12 Takata
     13.13 Knorr-Bremse

*Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 173)
     14.1 Key Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Available Customizations
             14.3.1 Country Level Market for Active and Passive Safety System Markets (Up to 3)
             14.3.2 Profiling of Additional Market Players (Up to 3)
             14.3.3 Market Sizing of Additional Safety Systems (Up to 3)
     14.4 Related Reports
     14.5 Author Details


List of Tables (112 Tables)

Table 1 Regulations for Safety Systems
Table 2 Automotive Safety System Market, By Technology, 20152025 (Million Units)
Table 3 Global Market, By Technology, 20152025 (USD Billion)
Table 4 Asia Pacific: Active Safety System Market, By Technology, 20152025 (000 Units)
Table 5 Asia Pacific: Market, By Technology, 20152025 (USD Million)
Table 6 Asia Pacific: Passive Safety System Market, By Technology, 20152025 (000 Units)
Table 7 Asia Pacific: Market, By Technology, 20152025 (USD Million)
Table 8 Europe: Active Safety System Market, By Technology, 20152025 (000 Units)
Table 9 Europe:  Market, By Technology, 20152025 (USD Million)
Table 10 Europe: Passive Safety System Market, By Technology, 20152025 (000 Units)
Table 11 Europe: Market, By Technology, 20152025 (USD Million)
Table 12 North America: Active Safety System Market, By Technology, 20152025 (000 Units)
Table 13 North America: Market, By Technology, 20152025 (USD Million)
Table 14 North America: Passive Safety System Market, By Technology, 20152025 (000 Units)
Table 15 North America: Passive Safety System Market, By Technology, 20152025 (USD Million)
Table 16 RoW: Active Safety System Market, By Technology, 20152025 (000 Units)
Table 17 RoW: Market, By Technology, 20152025 (USD Million)
Table 18 RoW: Passive Safety System Market, By Technology, 20152025 (000 Units)
Table 19 RoW: Passive Safety System Market, By Technology, 20152025 (USD Million)
Table 20 Automotive Safety System Market, By On-Highway Vehicle, 20152025 (Million Units)
Table 21 Global Market, By On-Highway Vehicle, 20152025 (USD Billion)
Table 22 Buses: Automotive Safety System Market, By Region, 20152025 ('000 Units)
Table 23 Buses: Market, By Region, 20152025 (USD Million)
Table 24 LCV: Automotive Safety System Market, By Region, 20152025 ('000 Units)
Table 25 LCV: Global Market, By Region, 20152025 (USD Million)
Table 26 Passenger Car: Automotive Safety System Market, By Region, 20152025 ('000 Units)
Table 27 Passenger Car: Market, By Region, 20152025 (USD Million)
Table 28 Trucks: Automotive Safety System Market, By Region, 20152025 ('000 Units)
Table 29 Trucks: Market, By Region, 20152025 (USD Million)
Table 30 Automotive Safety System Market, By Off-Highway Vehicle, 20152025 ('000 Units)
Table 31 Global Market, By Off-Highway Vehicle, 20152025 (USD Million)
Table 32 Agriculture Vehicle: Automotive Safety System Market Size, By Region, 20152025 ('000 Units)
Table 33 Agriculture Vehicle: Market Size, By Region, 20152025 (USD Million)
Table 34 Asia Pacific: Safety System Market for Agriculture Vehicles, By Technology, 20152025 ('000 Units)
Table 35 Asia Pacific: Safety System Market for Agriculture Vehicles, By Technology, 20152025 (USD Million)
Table 36 Europe: Safety System Market for Agriculture Vehicles, By Technology, 20152025 ('000 Units)
Table 37 Europe: Safety System Market for Agriculture Vehicles, By Technology, 20152025 (USD Million)
Table 38 North America: Safety System Market for Agriculture Vehicles, By Technology, 20152025 ('000 Units)
Table 39 North America: Safety System Market for Agriculture Vehicles, By Technology, 20152025 (USD Million)
Table 40 RoW: Safety System Market for Agriculture Vehicles, By Technology, 20152025 ('000 Units)
Table 41 RoW: Safety System Market for Agriculture Vehicles, By Technology, 20152025 (USD Million)
Table 42 Construction Vehicle: Automotive Safety System Market Size, By Region, 20152025 ('000 Units)
Table 43 Construction Vehicle: Global Market Size, By Region, 20152025 (USD Million)
Table 44 Asia Pacific: Safety System Market for Construction Vehicles, By Technology, 20152025 ('000 Units)
Table 45 Asia Pacific: Safety System Market for Construction Vehicles, By Technology, 20152025 (USD Million)
Table 46 Europe: Safety System Market for Construction Vehicles, By Technology, 20152025 ('000 Units)
Table 47 Europe: Safety System Market for Construction Vehicles, By Technology, 20152025 (USD Million)
Table 48 North America: Safety System Market for Construction Vehicles, By Technology, 20152025 ('000 Units)
Table 49 North America: Safety System Market for Construction Vehicles, By Technology, 20152025 (USD Million)
Table 50 RoW: Safety System Market for Construction Vehicles, By Technology, 20152025 ('000 Units)
Table 51 RoW: Safety System Market for Construction Vehicles, By Technology, 20152025 (USD Million)
Table 52 Automotive Safety System Market, By Electric Vehicle, 20152025 (000 Units)
Table 53 Market, By Electric Vehicle, 20152025 (USD Million)
Table 54 Battery Electric Vehicle: Automotive Safety System Market, By Active Safety System, 20152025 (000 Units)
Table 55 Battery Electric Vehicle: Global Market, By Active Safety System, 20152025 (USD Million)
Table 56 Battery Electric Vehicle: Automotive Safety System Market, By Passive Safety System, 20152025 (000 Units)
Table 57 Battery Electric Vehicle: Market, By Passive Safety System, 20152025 (USD Million)
Table 58 Fuel Cell Electric Vehicle: Automotive Safety System Market, By Active Safety System, 20152025 (000 Units)
Table 59 Fuel Cell Electric Vehicle: Market, By Active Safety System, 20152025 (USD Million)
Table 60 Fuel Cell Electric Vehicle: Automotive Safety System Market, By Passive Safety System, 20152025 (000 Units)
Table 61 Fuel Cell Electric Vehicle: Market, By Passive Safety System, 20152025 (USD Million)
Table 62 Hybrid Electric Vehicle: Automotive Safety System Market, By Active Safety System, 20152025 (000 Units)
Table 63 Hybrid Electric Vehicle: Market, By Active Safety System, 20152025 (USD Million)
Table 64 Hybrid Electric Vehicle: Market, By Passive Safety System, 20152025 (000 Units)
Table 65 Hybrid Electric Vehicle: Market, By Passive Safety System, 20152025 (USD Million)
Table 66 Plug-In Hybrid Electric Vehicle: Automotive Safety System Market, By Active Safety System, 20152025 (000 Units)
Table 67 Plug-In Hybrid Electric Vehicle: Market, By Active Safety System, 20152025 (USD Million)
Table 68 Plug-In Hybrid Electric Vehicle: Automotive Safety System Market, By Passive Safety System, 20152025 (000 Units)
Table 69 Plug-In Hybrid Electric Vehicle:Market, By Passive Safety System, 20152025 (USD Million)
Table 70 Automotive Safety System Market, By Offering, 20152025 (USD Billion)
Table 71 Asia Pacific: Automotive Safety System Market, By Offering (USD Billion)
Table 72 Europe: Automotive Safety System Market, By Offering (USD Billion)
Table 73 North America: Automotive Safety System Market, By Offering (USD Billion)
Table 74 RoW: Automotive Safety System Market, By Offering (USD Billion)
Table 75 Automotive Safety System Market, By Region, 20152025 (Million Units)
Table 76  Market, By Region, 20152025 (USD Billion)
Table 77 Asia Pacific: Automotive Safety System Market, By Country, 20152025 (Million Units)
Table 78 Asia Pacific: Market, By Country, 20152025 (USD Billion)
Table 79 China: Automotive Safety System Market, By Technology, 20152025 (000 Units)
Table 80 China: Market, By Technology, 20152025 (USD Million)
Table 81 India: Automotive Safety System Market, By Technology, 20152025 (000 Units)
Table 82 India:Market, By Technology, 20152025 (USD Million)
Table 83 Japan: Automotive Safety System Market, By Technology, 20152025 (000 Units)
Table 84 Japan: Market, By Technology, 20152025 (USD Million)
Table 85 South Korea: Automotive Safety System Market, By Technology, 20152025 (000 Units)
Table 86 South Korea: Market, By Technology, 20152025 (USD Million)
Table 87 Europe: Automotive Safety System Market, By Country, 20152025 (Million Units)
Table 88 Europe: Market, By Country, 20152025 (USD Billion)
Table 89 France: Automotive Safety System Market, By Technology, 20152025 (000 Units)
Table 90 France: Market, By Technology, 20152025 (USD Million)
Table 91 Germany: Automotive Safety System Market, By Technology, 20152025 (000 Units)
Table 92 Germany: Market, By Technology, 20152025 (USD Million)
Table 93 Italy: Automotive Safety System Market, By Technology, 20152025 (000 Units)
Table 94 Italy: Market, By Technology, 20152025 (USD Million)
Table 95 Spain: Automotive Safety System Market, By Technology, 20152025 (000 Units)
Table 96 Spain: Market, By Technology, 20152025 (USD Million)
Table 97 UK: Automotive Safety System Market, By Technology, 20152025 (000 Units)
Table 98 UK: Market, By Technology, 20152025 (USD Million)
Table 99 North America: Automotive Safety System Market, By Country, 20152025 (Million Units)
Table 100 North America: Market, By Country, 20152025 (USD Billion)
Table 101 Canada: Automotive Safety System Market, By Technology, 20152025 (000 Units)
Table 102 Canada: Market, By Technology, 20152025 (USD Million)
Table 103 Mexico: Automotive Safety System Market, By Technology, 20152025 (000 Units)
Table 104 Mexico: Market, By Technology, 20152025 (USD Million)
Table 105 US: Automotive Safety System Market, By Technology, 20152025 (000 Units)
Table 106 US: Market, By Technology, 20152025 (USD Million)
Table 107 RoW: Automotive Safety System Market, By Country, 20152025 (Million Units)
Table 108 RoW: Market, By Country, 20152025 (USD Billion)
Table 109 Brazil: Automotive Safety System Market, By Technology, 20152025 (000 Units)
Table 110 Brazil: Market, By Technology, 20152025 (USD Million)
Table 111 Russia: Automotive Safety System Market, By Technology, 20152025 (000 Units)
Table 112 Russia:  Market, By Technology, 20152025 (USD Million)


List of Figures (57 Figures)

Figure 1 Automotive Safety System Market Segmentation
Figure 2 Research Design
Figure 3 Research Methodology Model
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 5 Automotive Safety System Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Automotive Safety System Market Size Estimation Methodology: Top-Down Approach
Figure 7 Automotive Safety System Market, By Region, 2017 vs 2025 (USD Billion)
Figure 8 Automotive Safety System Market, By Technology, 2017 vs 2025 (USD Billion)
Figure 9 Automotive Safety System Market, By On-Highway Vehicle, 2017 vs 2025 (USD Billion)
Figure 10 Automotive Safety System Market, By Off-Highway Vehicle, 2017 vs 2025 (USD Million)
Figure 11 Automotive Safety System Market, By Electric Vehicle, 2017 vs 2025 (USD Million)
Figure 12 Automotive Safety System Market, By Offering, 2017 vs 2025 (USD Billion)
Figure 13 Government Regulations Pertaining to Vehicle Safety are Expected to Drive the Global Market, 20172025
Figure 14 Asia Pacific is Estimated to Witness the Highest Growth in this Market
Figure 15 Active Safety System is Expected to Be the Largest Market, 2017 & 2025
Figure 16 Passenger Car is Estimated to Be the Largest Market, 2017 & 2025
Figure 17 Agriculture Vehicle to Be the Largest Market, 2017 & 2025
Figure 18 Hybrid Electric Vehicle Projected to Be the Largest Market, 2017 & 2025
Figure 19 Hardware Expected to Be the Largest Market, 2017 & 2025
Figure 20 Automotive Safety System Market: Market Dynamics
Figure 21 Total Fatalities Due to Vehicle Crash in the Us, 19752016 (In Thousands)
Figure 22 Levels of Automation
Figure 23 BEV Sales in Major Regions, 2017 vs 2022 (Thousand Units)
Figure 24 Automotive Safety System Market, By Technology, 2017 vs 2025
Figure 25 Market, By On-Highway Vehicle, 2017 vs 2025 (USD Billion)
Figure 26 Market, By Off-Highway Vehicle, 2017 vs 2025
Figure 27 Automotive Safety System Market, By Electric Vehicle, 2017 vs 2025 (USD Million)
Figure 28 Automotive Safety System Market, By Offering, 2017 vs 2025
Figure 29 Asia Pacific to Be the Fastest Growing Market for Automotive Safety System During the Forecast Period (20172025)
Figure 30 Asia Pacific: Automotive Safety System Market Snapshot
Figure 31 Germany is Projected to Be the Largest Market for Automotive Safety System, 20172025
Figure 32 North America: Automotive Safety System Market Snapshot
Figure 33 Brazil is Projected to Be the Largest Market for Automotive Safety System, 20172025
Figure 34 Key Developments By Leading Players in the Automotive Safety System Market, 20152018
Figure 35 Automotive Safety Features Market Ranking: 2016
Figure 36 New Product Developments, 20152018
Figure 37 Expansions, 20162018
Figure 38 Mergers & Acquisitions, 20152017
Figure 39 Joint Ventures/Partnerships/Collaborations/Agreements, 20162017
Figure 40 Robert Bosch: Company Snapshot
Figure 41 Robert Bosch : SWOT Analysis
Figure 42 Denso: Company Snapshot
Figure 43 Denso: SWOT Analysis:
Figure 44 Delphi Automotive: Company Snapshot
Figure 45 Delphi: SWOT Analysis
Figure 46 Company Snapshot: Infineon
Figure 47 Infineon: SWOT Analysis
Figure 48 ZF Friedrichshafen: Company Snapshot
Figure 49 ZF Friedrichshafen: SWOT Analysis
Figure 50 Continental: Company Snapshot
Figure 51 Valeo: Company Snapshot
Figure 52 Magna: Company Snapshot
Figure 53 Autoliv: Company Snapshot
Figure 54 Mobileye: Company Snapshot
Figure 55 Hyundai Mobis: Company Snapshot
Figure 56 Takata: Company Snapshot
Figure 57 Knorr-Bremse: Company Snapshot

The automotive safety system market is estimated to be USD 82.80 Billion in 2017 and is projected to grow to 169.46 Billion by 2025, at a CAGR of 9.36% during the forecast period. The increasing demand for a safe, efficient, and convenient driving experience and stringent safety regulations across the globe are driving the market for automotive safety system.

The global market has been segmented by technology, on-highway vehicle, off-highway vehicle, electric vehicle, offering, and region. The market has been segmented by technology into active and passive safety systems. Active safety systems are projected to be the fastest growing segment of the automotive safety system market, by technology. Continuously increasing demand for luxury vehicles will drive the growth of this segment. Also, the growing trend toward autonomous vehicles is expected to contribute to the growth of the active safety systems.

The automotive safety system market has been segmented by on-highway vehicle into passenger cars, light commercial vehicles, buses, and trucks. Passenger car segment is estimated to be the fastest growing segment of the this market, by on-highway vehicle. The number of passenger cars is growing at a significant rate in the emerging economies of the Asia Pacific region. This can be attributed to the rise in GDP and the population of these countries, resulting in improved lifestyle, increased purchasing power of consumers, and development of infrastructure. Various active and passive safety systems such as airbags, seatbelts, tire pressure monitor (TPM), and electronic stability control (ESC) are provided in passenger cars for preventing accidents.

The Asia Pacific region is estimated to dominate the global market, in terms of value, in 2017. The rising consumer income levels, increased vehicle production in developing countries such as India and China, and increase in the number of luxury vehicles in countries such as Japan fuel the growth of the automotive safety system market in the Asia Pacific region.

Automotive Safety System Market

The complexity and the high cost of features are the key restraint for the growth of this market. These systems comprise micro-controller units, electronic control units, and various sensors such as ultrasonic, image, radio or laser sensors, and infrared sensors. These components increase the complexity of the safety features, thereby raising the cost. Currently, a limited class of buyers can afford driver assistance features. This could restrain the growth of this market.

Robert Bosch has a strong global footprint with an extensive channel of multiple manufacturing facilities and suppliers of various automobile parts and services. The company is focused on producing technologically advanced, efficient, and greener products for its customers. The company is looking to seize opportunities in the emerging markets by concentrating on electrification, connectivity, and automation. Robert Bosch is trying to develop new technologies for safety systems that can provide a safe and comfortable driving experience. Robert Bosch has also inorganically grown through strategic regional expansions. For instance, the company is expanding its manufacturing facilities in Thailand and China by investing USD 98.1 million and USD 122.7 million, respectively. This strategic move can provide the company a great advantage in the automotive safety system market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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