Take Up Global Automotive Safety Systems Market Opportunities with Clear Industry Data – Includes Automotive Safety Systems Market Size
The Business Research Company’s report goes into great detail on the automotive safety systems market size and growth, automotive safety systems market regional analysis, automotive safety systems market competitive landscape, and other critical information needed to excel in the automotive safety systems industry.
Major players in the automotive safety systems market include Autoliv Inc., Continental AG, ZF Friedrichshafen AG, Valeo, Mobileye, Robert Bosch GmbH, Infineon Technologies AG, Knorr-Bremse AG, Nihon Plast Co., Ltd, Toyoda Gosei Co., Ltd, Delphi Automotive Plc, Magna International, Takata Corporation, Grammer AG, Lear Corporation, Johnson Controls, Toyota Boshoku, Hella KGaA Hueck & Co., Bendix Commercial Vehicle Systems LLC, WABCO Vehicle Control System, Ford Motor Company, and Joyson Safety Systems.
TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.
The global automotive safety systems market size is expected to grow from $96.90 billion in 2021 to $105.22 billion in 2022 at a compound annual growth rate (CAGR) of 8.59%. The growth in the market is mainly due to the companies’ resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global automotive safety system market size is expected to reach $146.5 billion in 2026 at a CAGR of 8.63%.
North America will be the largest region in the automotive safety systems market in 2021.
The automotive safety systems market consists of sales of automotive safety systems and equipment by entities (organizations, sole traders, and partnerships) that provide safety to passengers in vehicles. Automotive safety systems minimise the risk of injuries, help prevent accidents and mitigate the impacts of collisions. These systems are designed to either work automatically or require drivers to activate them when desired. Common automotive safety systems include seatbelts, airbags, collapsible steering columns, occupant sensing systems, traction control, tyre pressure monitors, anti-lock braking systems (ABS), lane departure warning systems (LDWS), and others.
The growing demand for electric vehicles is expected to generate more demand for automotive safety systems, thus driving the market during the period.
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New technological developments are a key trend gaining popularity in the automotive safety systems market. The automotive industry is increasingly focusing on integrating smarter and safer safety systems into vehicles for better safety in different terrains and conditions.
TBRC’s Global Automotive Safety Systems Market Report Is Segmented:
By Type: Active Safety System, Passive Safety System
By Vehicle Type: Passenger Cars, Commercial Vehicles
By End-User: OEM, Aftermarket
By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The Automotive Safety Systems Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the automotive safety systems market globally and regionally, analyzes and forecasts market size, share, automotive safety systems market players, automotive safety systems market segments, leading competitor revenues, profiles and market shares.
Here Is A List Of Similar Reports From The Business Research Company:
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