Industry Background:
The automotive safety system is a special technology developed to ensure the safety and security of automobiles 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 automotive 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
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Units |
Value Unit | USD (Million) |
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 |
The Automobiles sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. 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.
Key Developments in the Market:
In November 2022, the Enabling Linux in Safety Applications (ELISA) project announced its commitment to Linux and its effective use in safety-critical applications in connected cars, with Robert Bosch GmbH and XPENG Motors joining the project. Hosted by the Linux Foundation, ELISA is an open-source initiative that aims to create a shared set of tools and processes to help companies build and certify Linux-based safety-critical applications and systems.
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.
Influencing Trend:
High Demand For Active Safety Systems
Market Growth Drivers:
Governments Rule and Regulations about Passenger Security, Increasing Demand for Vehicles with Advanced Safety Features and Rising Number of Road Accidents Worldwide
Challenges:
Chance of Software Failure in Applications and Security Threats of the User
Restraints:
Complex and Expensive Features of Safety Systems
Opportunities:
Growing Automobile Industry Worldwide and Rising Demand for Electric Vehicles and Autonomous Vehicles
AMA Research follows 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 mainly 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 showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Automotive Safety System Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Automotive Safety System Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Automotive Safety System players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes 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 System Study Sheds Light on
The Automotive Safety System Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Automotive Safety System industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automotive Safety System industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, 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 the value they currently claim or capture the new addressable opportunity.