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(Transportation-News.com, December 20, 2018 )
Stratview Research announces the launch of a new research report on Automotive Passive Safety System Market. This extensive report from Stratview Research, studies Automotive Passive Safety System Market over the trend period of 2011 to 2016 and forecast period of 2017 to 2022. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
This Automotive Passive Safety System Market analysis has been segmented in four ways, keeping in mind the interest of all the stakeholders across the value chain.
• By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium- and Heavy-Duty Commercial Vehicle)- Passenger car is expected to remain the largest vehicle type.
• By Application Type (Airbag, Seat Belt, Steering Wheel, Electronic Control Unit, Other Passive Safety Systems)- Airbag is forecasted to remain the largest product type.
• By End-Use Type (OEM, Aftermarket)- OEM’s market is likely to remain the largest end-use type.
• By Region (North America, Europe, Asia-Pacific, Rest of the World)- Asia-Pacific has been the largest market of passenger safety systems in the automotive industry.
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Automotive Passive Safety System Market Insights
The global automotive passive safety system market is projected to grow at a sustainable CAGR of 3.7% over the next five years to reach US$ 27.9 billion in 2022. Rising consumers’ preferences for high safety features in the vehicles, introduction of more stringent safety standards by the governments of many countries, increasing penetration of curtain and knee airbags, especially in the developing economies, organic growth of automotive production, and an advancement in technology are some of the major factors driving the demand for passive safety systems in the global automotive industry over the next few years.
Autoliv AB, Delphi Automotive, ZF TRW Automotive Holdings Corp., and Takata Corporation are the major companies capturing majority of share in the global automotive passive safety system market. These players are likely to remain dominant over the next five years as well. Other manufacturers include Denso Corporation, Bosch Limited, Tokai Rika Co. Ltd., Key Safety Systems, Hyundai Mobis Co. Ltd., and Toyoda Gosei. New product development, advancement in passive safety system technology, and long-term contracts with automakers are the key strategies adopted by the key players to gain a competitive edge in the market.
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Stratview Research
Ritesh Gandecha
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Source: EmailWire.Com 
Source: EmailWire.com
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