As stated in an ongoing study by Future Market Insights, global automotive active safety systems market will observe uptake gradually in few years down the line. The review unveils essential revelations on the global automotive active safety systems market for the years to come. Lately, Due to the growing concern towards road safety, the automotive active safety system market is slowly observing uptake. Automotive safety systems seem to gain grounds among automakers and customers. Manufacturers will employ different safety features in their cars for boosting measures on driver and passenger protection.
Safety features can be categorized as active and passive safety system, respectively. Passive safety system is useful during or after accidents to reduce the damage from the collision.; Active safety system is useful to prevent the risk of collision and accidents. Active safety features are generally electronic and computer-controlled components which are moving into all features of modern vehicles, from navigation system to advanced infotainment systems. Besides customer satisfaction from electronic advancements, more opportunities exist to be explored in global automotive active safety system market.
Global automotive active safety system market is segmented depending on the vehicle type viz., passenger vehicles and commercial vehicles. Automotive active safety market for passenger vehicles is further segmented into:- Premium cars, Mid-range cars, Luxury cars.; Key Insights: Premium and luxury cars – active safety system are more welcomed, Mid-range cars – puncturing of active safety system is relatively less.; In commercial vehicles, automotive active safety system market is relatively low. Mid-range car owners are increasingly using active safety system in automotive due to improvement in technology and reduction in installation cost.
According to the product type, global automotive active safety system market is segmented into adaptive cruise control, anti-lock braking system, blind spot detection, driver monitoring, lane departure warning, night vision system and tyre pressure monitoring system. Due to the increasing awareness about the system application and safety features, throughout the forecast period, the trend for the installation of blind spot detection and adaptive cruise control is likely to improve remarkably in premium vehicles. Lately, due to growing awareness among customers and automakers towards road safety, automotive active safety system market observed notable growth.
During the forecast period, as global automotive production is likely to grow, global automotive active safety system market will grow twofold with a double digit CAGR. In terms of value, North America automotive active safety system market leads the global market, followed by Europe and APAC. Growing sales of premium cars, government’s regulations to minimize road accidents and healthy economic conditions are key drivers for global automotive active safety system market. In emerging economies such as China and India, due to growing economy along with increasing replaceable income, APAC region is anticipated as the probable developing region in automotive active safety system market. North America held the largest market share in global automotive active safety system market in 2013 and is anticipated to dominate during the forecast period.
According to the forecast period, OEMs will have to develop new innovative products and features to retain their position in automotive safety system market. Demographic trends like preference of customers towards advanced technology together with increase in automotive sales globally are some of the key driving forces for automotive active safety system market.
Global automotive active safety market participants include Autoliv Inc., Borg Warner Inc., Continental AG, Delphi Automotive LLP, Denso Corporation, Ficosa International S.A., PSA Peugeot Citroen, Robert Bosch GmbH, and TRW automotive. Getting associated with prime OEMs are key strategies followed by leading players in the global automotive active safety system market. Several trends in automotive active safety system market is moving R&D attempts of OEMs from passive system to active system. To illustrate, Nissan has declared their plan to launch driverless cars by year 2020, and Volvo is expected to release their autonomous cars on road by 2017.
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