Automotive Safety System Market Is Projected To Reach US$ 56.1 Billion In 2022
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  • Automotive Safety System Market Is Projected To Reach US$ 56.1 Billion In 2022

     




    (Transportation-News.com, November 13, 2018 )



    Research announces the launch of a new research report on Global Automotive Safety Systems Market by Vehicle Type (Passenger Car, Light Commercial Vehicle, and Medium & Heavy Duty Commercial vehicle), by Product Type (Active System [ACC, BSD, DMS, LDWS, HUD, NVS, Park Assist, E-Call Telematics, TPMS, and Others] and Passive System [Airbag, Seatbelt, Steering Wheel, Electronic Control Unit, and Others]), by End-User Type (OEM and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017 – 2022



    The Global Automotive Safety Systems Market: Highlights

    As per Stratview Research the global automotive safety system market is projected to grow at a healthy CAGR of 6.7% over the next five years to reach US$ 56.1 billion in 2022, driven by increasing safety system contents per vehicle, the introduction of more stringent safety regulations, high demand for safety solutions, and an organic growth in the automobile production.



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    The global automotive safety systems market is segmented based on vehicle type as the passenger car, light commercial vehicle, and medium & heavy duty commercial vehicle. The passenger car is expected to remain the largest segment of safety systems in the global automotive industry during the forecast period of 2017 to 2022. This vehicle type is also projected to witness the fastest growth in the same period, owing to increasing penetration of safety systems, high demand for active safety systems, and an organic growth in the production of luxury cars and SUVs.



    Continental AG, Delphi Automotive Plc, Denso Corporation, Robert Bosch GMBH, Magna International Inc., Valeo, and ZF TRW Automotive are some of the major players for the global automotive active safety system market whereas Autoliv AB, Delphi Automotive, ZF TRW Automotive Holdings Corp., and Takata Corporation are in passive safety systems market. Long-term contracts and advancement in technologies are the key strategies adopted by major players to gain a competitive edge in the market throughout the globe.



    About Stratview Research

    Stratview Research is a global market intelligence and strategic research firm offering wide range of services including syndicated market reports, custom research, and procurement intelligence across industries such as Advanced Materials, Composites, Aerospace and Defense, Automotive and Transportation, Construction and Equipment, Energy and Utility, Consumer Goods, Marine, and Oil and Gas.







    Stratview Research

    Ritesh Gandecha

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