Industry Background:
The vehicle safety system is a special technology developed to ensure the safety and security of vehicle and their passengers. It covers all those systems that prevent or limit the effects of accidents involving road vehicles. According to the World Health Organization (WHO), 80% of cars sold in the world are not compliant with main safety standards. The improvement in the vehicle safety systems is reducing the injuries and death rate during motor vehicle accidents.This growth is primarily driven by Governments Rule and Regulations about Passenger Security Is Driving The Market Of Vehicle Safety System, Along With Increasing Demand for Vehicles with Advanced Safety Features. Also There Is Occurrence Of Road Accidents Which Is Increasing Worldwide..
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies in Study | Robert Bosch GmbH (Germany), Delphi (United Kingdom), Continental AG (Germany), Denso Corporation (Japan), Magna International Inc. (Canada), Infineon Technologies (Germany), TRW Automotive (United States), Autoliv Inc. (United States), Johnson Electric Holdings Limited (Hong Kong) and Takata Corporation (Japan) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Globally, a noticeable market trend is evident High Demand For Active Safety Systems. Major Vendors, such as Robert Bosch GmbH (Germany), Delphi (United Kingdom), Continental AG (Germany), Denso Corporation (Japan), Magna International Inc. (Canada), Infineon Technologies (Germany), TRW Automotive (United States), Autoliv Inc. (United States), Johnson Electric Holdings Limited (Hong Kong) and Takata Corporation (Japan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 6th Jun 2019, Harman International, a wholly-owned subsidiary of Samsung Electronics focused on connected technologies for automotive, consumer and enterprise markets, unveiled a new ‘Dual-Mode V2X’ system, aimed at enhancing automotive safety. The flexible telematics system features both software and hardware and taps into DSRC (dedicated short range communication) and cellular (5G) Vehicle-to-Everything (C-V2X) networks, removing the guesswork for numerous safety system setups.
Market Drivers
- Governments Rule and Regulations about Passenger Security Is Driving The Market Of Vehicle Safety System, Along With Increasing Demand for Vehicles with Advanced Safety Features. Also There Is Occurrence Of Road Accidents Which Is Increasing Worldwide.
Market Trend
- High Demand For Active Safety Systems
Restraints
- Complex and Expensive Features of Safety Systems
Opportunities
Growing Automobile Industry Worldwide and Rising Demand for Electric Vehicles and Autonomous Vehicles
Challenges
Chance of Software Failure in Applications and Security Threats of the User
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 Vendors 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, Vehicle Safety System Study Sheds Light on
The Vehicle Safety System Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Vehicle Safety System industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Vehicle Safety System 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 Vendors 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.