Industry Background:
Automotive safety device focuses on the limiting and mitigating the potential damage and injury risks caused to passengers, pedestrians or driver in the accident. The safety device is of two types active and passive safety devices it includes shatter-resistant glass, seatbelts, airbags, anti-lock braking systems, pre-collision technology, and others. The device is used in passenger vehicles, light trucks, heavy trucks, etc. This technology features a smart system and the internet of things to provide safety and security in automobiles.This growth is primarily driven by Rising Evolution in Vehicles and Car Safety Feature Requirements and Demand for the Faster and Efficient Automotive Operations.
Globally, a noticeable market trend is evident The popularity of Passive Automotive Safety Device Mostly in Passenger Vehicles. Major Manufacturers, such as Takata Corporation (Germany), Toyoda Gosei Group (Japan), Continental AG (Germany), FLIR Systems (United States), Hella KGaA Hueck & Co. (Germany), Micron Technology, Inc. (United States), Humanetics Group (United States) and ZF Friedrichshafen AG (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 15th December 2020, Humanetics announced its newest product: the UFOnano, an Ultra-Flat Overrunable (UFO) robot platform – even smaller than the UFOmini – making it the perfect low-maintenance, compact ADAS safety device to run fully autonomous pedestrian and collision mitigation testing.
On 25th February 2021, Micron Technology, Inc. announced that it has begun sampling the industry’s first automotive low-power DDR5 DRAM (LPDDR5) memory that is hardware-evaluated to meet the most stringent Automotive Safety Integrity Level (ASIL), ASIL D. The solution is part of Micron’s new portfolio of memory and storage products targeted for automotive functional safety based on the International Organization for Standardization (ISO) 26262 standard.
Market Drivers
- Rising Evolution in Vehicles and Car Safety Feature Requirements
- Demand for the Faster and Efficient Automotive Operations
Market Trend
- The popularity of Passive Automotive Safety Device Mostly in Passenger Vehicles
Restraints
- Safety Compliances related Problems Associated with Automotive Safety Device
Opportunities
Technological Advancement in Automotive Safety Device and Growing Investment of People on Automotive Safety Device Featured Advanced Vehicles
Challenges
High-Cost Production and Installation of Automotive Safety Devices
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Automotive Safety Device Study Sheds Light on
The Automotive Safety Device Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Automotive Safety Device industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automotive Safety Device industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.