|
|
(Transportation-News.com, December 28, 2018 )
Stratview Research has published a new research report on Automotive Passive Safety System Market. This extensive report by Stratview Research analyses the growth of Automotive Passive Safety System Market over the trend period of 2011 to 2016 and forecast period of 2017 to 2022 under the following segments -
• By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium- and Heavy-Duty Commercial Vehicle)
• By Application Type (Airbag, Seat Belt, Steering Wheel, Electronic Control Unit, Other Passive Safety Systems)
• By End-Use Type (OEM, Aftermarket)
• By Region (North America, Europe, Asia-Pacific, Rest of the World)
Go through the detailed scope:https://www.stratviewresearch.com/toc/446/Automotive-Composite-Liftgate-Market.html
Or
Get a free sample of the report:https://www.stratviewresearch.com/toc/446/Automotive-Composite-Liftgate-Market.html
Rising consumer’s preferences for high safety features
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.
Passenger car is expected to remain the largest vehicle type
The global automotive passive safety system market is segmented based on vehicle type: Passenger Car, Light Commercial Vehicle, and Medium & Heavy-Duty Commercial Vehicle. Passenger car is expected to remain the largest vehicle type in the global automotive passenger safety system market over the next five years.
Top market players
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.
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
Stratview Research
Ritesh Gandecha
+1-313-307-4176
sales@stratviewresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
|
