Global Automotive Active Safety Market: Asia-Pacific region expected to witness the fastest growth during the forecast Period
Jul 17, 2019
Active safety features are basically electronic and computer-controlled components used in modern vehicles and they offer both driver and passenger safety.
FREMONT, United States - July 16, 2019 /MarketersMedia/ —
Overview
The global automotive active safety market is expected to witness a growth rate of 8.2% during the forecast period. Active safety features include adaptive cruise control, automated lighting, traffic warnings/assistance, and blind spot warning, among others. Some major trends in the active safety market are shifting research & development efforts of OEMs from passive safety to active safety. For instance, Nissan announced its plan of launching driverless cars by the year 2020.
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Recent News:
October 2017: WABCO, a global supplier of technologies and services to improve safety efficiency and connectivity of commercial vehicles, introduced blind spot detection system for commercial trailers and trucks.
November 2018: Continental inaugurated two assembling new lines for assembling Anti-Lock Braking System (ABS) Electronic Stability Control (ESC) at its plant in Gurgaon. The capacity increase was aimed towards addressing market requirements stemming from the Government of India’s legislations for ABS in April 2019, for both passenger cars and two wheelers.
Market Dynamics
The factors that are responsible for the growth of the global automotive active safety market include growing production of vehicles and an increase in stringent government regulations for safety, among others. China was the world’s leading supplier of passenger vehicles in 2017, with more than 24 million motor vehicle production units (according to OICA - International Organization of Motor Vehicle Manufacturer).
Japan followed China with more than 8.35 million motor vehicle production units in 2017. Germany occupied the third position in 2017, with 5.65 million vehicle production units. Further, an increase in the number of middle-class population, coupled with rising disposable income, is resulting in a rise in the purchase of passenger vehicles. This, in turn, is boosting the overall growth of the global automotive active safety market over the years. However, high maintenance cost of active safety features is a major factor restraining the overall growth of the global automotive active safety market
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Competitive Intelligence and Company Profiles
The key players in the global automotive active safety market are Autoliv Inc., Veoneer, Robert Bosch GmbH, Continental AG, Delphi Automotive LLP, TRW automotive, Denso Corporation among others. The players operating in the global automotive active safety market are focusing on new product development, product launches, and strategies such as mergers and acquisitions, in order to grab the attention of a greater number of customers.
Key Questions Answered:
• What is the market value and volume of the overall automotive active safety market?
• What are the key segments and sub-segments in the market?
• Which is the largest sub-segment in each segment in the scope of the study?
• What are the key drivers, restraints, opportunities, and challenges in the market and how are they expected to impact the market?
• What are the attractive segments and geographies to invest in?
• What is the market value and volume at the regional and the country level?
• Who are the key market players and their key competitors?
• What are the strategies for growth adopted by the key players in the market?
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