Automotive Active Safety System Market

Automotive Active Safety System Market Overview:

The global automotive active safety system market size reached US$ 15.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 51.6 Billion by 2032, exhibiting a growth rate (CAGR) of 14% during 2024-2032. The escalating demand for advanced driver-assistance systems (ADAS), stringent government regulations on vehicle safety, rising user awareness about road safety, and technological advancements, particularly in sensor and software integration, are some of the factors impelling the market growth.

Automotive Active Safety System Market Analysis:

• Major Market Drivers: The market is experiencing robust growth owing to the stringent safety regulations mandated by governing agencies and increasing user demand for improved safety features. Moreover, the development of sensors and the incorporation of artificial intelligence (AI) into automotive safety systems is bolstering the market growth.
• Key Market Trends: The growing use of advanced driver-assistance systems (ADAS), such as adaptive cruise control, lane-keeping assist, and automatic emergency braking, is positively influencing the market. The development of self-driving cars is driving the need for advanced safety technologies.
• Geographical Trends: North America leads the market because of the implementation of stringent safety regulations and high adoption rates of advanced safety technologies.
• Competitive Landscape: Some of the major market players in the industry include Robert Bosch GmbH, Continental AG, Delphi Group, ZF Friedrichshafen AG, Autoliv, Hyundai Mobis, Valeo SA, DENSO Corporation, Magna International, FLIR Systems, Infineon Technologies AG, FICOSA GROUP, Peugeot S.A., Borg Warner Inc. and CAx Software Private Limited, among many others.
• Challenges and Opportunities: The increasing cost of advanced safety systems and the difficulty of incorporating these technologies into vehicles are influencing the automotive active safety system market revenue. Nonetheless, there are possibilities in the rising demand for electric and autonomous vehicles, which necessitate advanced safety mechanisms for safe operation.
   

Automotive Active Safety System Market Trends:

Integration of Advanced Technologies

Modern vehicles are equipped with advanced technologies like artificial intelligence (AI), machine learning (ML), advanced sensors, such as radar, light detection and ranging (LIDAR), and cameras. These technologies help to improve the functionality of the vehicle by offering real-time data processing, predictive analysis, and adaptive responses. AI and ML algorithms can examine large quantities of data in order to forecast possible accidents and implement preventive actions. Sensors ensure accurate detection of obstacles and hazards in the vehicle's environment, providing precise monitoring. The continual development and integration of these technologies improve the efficiency and reliability of active safety systems, leading to vehicles that are safer and more effective. This technological collaboration is essential for advancing autonomous driving capabilities, offering a favorable automotive active safety system market outlook. During CES 2024, Bosch introduced an innovative vehicle computer platform that combines infotainment and driver assistance features on a single system on chip (SoC), with the goal of simplifying operations and improving software-defined abilities in automobiles.

Growing Demand for Comprehensive Safety Features

Contemporary buyers are better educated about the advantages of advanced safety technologies and giving more importance to safety when buying cars. This increased consciousness is driven by widespread marketing efforts, educational programs, and prominent endorsements of safety technologies. Furthermore, the increasing number of road accidents and deaths are generating public awareness about the significance of vehicle safety, encouraging individuals to look for vehicles that are equipped with up-to-date safety features. The shift towards greater safety consciousness among individuals is not only leading to the adoption of existing technologies but also encouraging continuous innovation and development of new safety solutions to meet evolving expectations. In June 2024, Honda Cars Philippines Inc. introduced the new City Hatchback with Honda SENSING, improving safety with functions, such as adaptive cruise control and collision mitigation braking system, in addition to aesthetic enhancements and advanced interior features, addressing the increasing consumer focus on vehicle safety.

Collaboration and Partnerships in the Automotive Industry

Collaboration and partnerships between car makers, technology providers, and research institutions are key factors supporting the automotive active safety system market growth. Collaboration is required due to the complexity and high cost of developing advanced safety systems. Car manufacturers are teaming up with technology firms that focus on sensors, software, and AI to incorporate advanced safety technologies in their cars. These collaborations promote the exchange of knowledge, assets, and data, speeding up the progress and implementation of cutting-edge safety technologies. The increase in collaborative innovation is improving automotive active safety systems, boosting their effectiveness and accessibility. In June 2024, Robert Bosch GmbH and Microsoft revealed their partnership to utilize generative AI in enhancing automated driving systems with the goal of enhancing vehicle safety and convenience. This collaboration aimed to utilize Bosch's knowledge in the automotive industry and Microsoft's AI technology in order to assist vehicles in improving their ability to evaluate and respond to possible road dangers.

Automotive Active Safety System Market Segmentation:

IMARC Group provides an analysis of the key automotive active safety system market trends in each segment, along with forecasts at the global and regional for 2024-2032. Our report has categorized the market based on product, vehicle type, fuel type, and offering.

Breakup by Product:

• Tyre-Pressure Monitoring System
• Lane Departure Warning
• Adaptive Cruise Control
• Night Vision System
• Driver Monitoring
• Anti-Lock Braking System
• Blind Spot Detection
• Others
   

Adaptive cruise control accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the product. This includes tyre-pressure monitoring system, lane departure warning, adaptive cruise control, night vision system, driver monitoring, anti-lock braking system, blind spot detection, and others. According to the report, adaptive cruise control represented the largest segment.

Adaptive cruise control (ACC) holds the biggest market share as per the automotive active safety system market forecast. ACC plays a key role in improving vehicle safety by automatically controlling the speed of the automobile to keep a safe distance from the vehicle in front. This system employs sensors, radar, and cameras to supervise traffic conditions and adjust the vehicle's speed, thereby decreasing driver fatigue and the likelihood of accidents. Its popularity in the market because of its use in high-end and mid-range cars, compatibility with other advanced driver-assistance systems (ADAS), and capacity to greatly enhance road safety. The rise of regulatory measures requiring ACC in new cars and greater user knowledge about its safety advantages are driving the demand for ACC systems, solidifying its position as the leading segment in the market.

Breakup by Vehicle Type:

• Passenger Cars
• Light Commercial Vehicle
• Heavy Commercial Vehicles
• Others
   

Passenger cars hold the largest share of the industry

A detailed breakup and analysis of the market based on the vehicle type have also been provided in the report. This includes passenger cars, light commercial vehicle, heavy commercial vehicles, and others. according to the report, passenger cars accounted for the largest market share.

Passenger cars account for the majority of the market share according to the automotive active safety system industry outlook. This dominance is credited to the large output and sales numbers of automobiles on a worldwide scale, which is driven by the growing desire for personal transportation and higher levels of disposable income among individuals. Passenger cars are also more likely to incorporate advanced safety features as standard or optional equipment due to heightened consumer safety awareness and stringent regulatory requirements. The inclusion of features like ACC, lane departure warning, and automatic emergency braking in passenger cars is becoming more common. Furthermore, the advancement of technology and the focus on implementing semi-autonomous and autonomous driving features in passenger cars are encouraging the utilization of active safety systems, guaranteeing that passenger cars continue to be the leading and most profitable sector in the market. In November 2023, Jeremy McClain discussed Continental's upgraded ADAS vision for enhancing Indian automotive safety, which involves incorporating advanced driver assistance systems such as autonomous emergency braking, blind spot detection, and lane-keeping assist to improve vehicle safety and encourage market acceptance in India's changing automotive industry.

Breakup by Fuel Type:

• Diesel Vehicles
• Petrol Vehicles
• Electric Vehicles
• Others
   

The report has provided a detailed breakup and analysis of the market based on the fuel type. This includes diesel vehicles, petrol vehicles, electric vehicles, and others.

Diesel vehicles in the automotive industry are crucial because of the high number of diesel-powered vehicles in use, particularly in commercial and heavy-duty sectors. Diesel vehicles, recognized for their efficiency in fuel usage and powerful torque, frequently come equipped with sophisticated safety systems to meet strict emission standards and improve overall vehicle performance. The incorporation of safety features, such as anti-lock braking system (ABS), lane departure alerts, and ACC in diesel cars is motivated by both government regulations and the user desire for safer, more dependable transportation choices.

Petrol vehicles make up a notable portion of the automotive active safety system industry, primarily due to their extensive use and popularity among users in the automotive market. Petrol vehicles frequently include various advanced safety systems like tire-pressure monitoring, blind spot detection, and driver monitoring to fulfill user demands for safety and convenience. The continued dominance of petrol vehicles in many global markets ensures a steady demand for these safety features, supported by ongoing advancements in safety technology and increasing regulatory requirements.

Electric vehicles (EVs) are a rapidly growing segment, driven by the shift towards sustainable and eco-friendly transportation solutions. EVs typically come equipped with the latest safety technologies, including adaptive cruise control, night vision systems, and automatic emergency braking, to enhance driver safety and vehicle efficiency. The integration of these systems is crucial in the EV market, as manufacturers aim to distinguish their offerings with cutting-edge technology and comply with stringent safety standards, driving innovation and adoption in this segment.

Breakup by Offering:

• Hardware
• Software
   

A detailed breakup and analysis of the market based on the offering have also been provided in the report. This includes hardware and software.

Hardware includes the physical components necessary for the functioning of safety systems, such as sensors, cameras, radar, LiDAR, and control units. These parts are essential for identifying and examining the environment of the vehicle in order to offer immediate data for safety purposes. Advancements in sensor technology, increased adoption of ADAS, and strict safety regulations are catalyzing the demand for hardware. The increasing connectivity and autonomy of vehicles are leading to the need for dependable and high-quality hardware, highlighting the importance of this sector in advancing automotive active safety systems.

Software involves algorithms, artificial intelligence (AI), and machine learning (ML) technologies that analyze data from hardware components to make decisions and perform actions. Software plays a crucial role in analyzing sensor information, managing safety features, and enabling smooth cooperation with various vehicle components. The segment is witnessing fast expansion because of the rising intricacy of safety measures, and need for regular enhancements, and the shift toward self-driving vehicles. Advances in software are allowing for more advanced safety features, like predictive analytics and instant decision-making. During IAA Mobility 2023, Robert Bosch GmbH displayed their progress in software-based mobility, highlighting how their newest hardware, software, and services improved vehicle safety, efficiency, and comfort. Important advancements consisted of smart sensors, fresh car computers, and linked software solutions for automated driving and energy control. These advancements showcased Bosch's dedication to influencing the future of intelligent and eco-friendly transportation.

Breakup by Region:

• Asia Pacific
• Europe
• North America
• Middle East and Africa
• Latin America
   

North America leads the market, accounting for the largest automotive active safety system market share

The report has also provided a comprehensive analysis of all the major regional markets, which include Asia Pacific, Europe, North America, Latin America, Middle East and Africa. According to the report, North America represents the largest regional market for automotive active safety system.

North America leads the market due to strict safety regulations, rising user awareness, and the presence of key automotive manufacturers and technology firms. Regulatory entities in the area mandate the integration of advanced safety features in vehicles, leading to a notable increase in the use of such systems. Moreover, the growing user preference for vehicles that come with the latest safety features, such as ACC, lane departure warning, and automatic emergency braking, is offering a favorable market outlook. Furthermore, the increasing investments made in research and development (R&D) by major players in the automotive industry, combined with a strong focus on road safety, are propelling the market growth. In January 2024, Magna unveiled an innovative technology at CES 2024 to prevent impaired driving. It combines breathalyzer and camera systems to identify alcohol levels and improve road safety by tackling impaired driving, a leading factor in U.S. traffic deaths.

Competitive Landscape:

• The automotive active safety system market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the industry include Robert Bosch GmbH, Continental AG, Delphi Group, ZF Friedrichshafen AG, Autoliv, Hyundai Mobis, Valeo SA, DENSO Corporation, Magna International, FLIR Systems, Infineon Technologies AG, FICOSA GROUP, Peugeot S.A., Borg Warner Inc. and CAx Software Private Limited.
  
  (Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
   
• Major players in the market are making investments in research operations to improve and advance their products. Their focus is on incorporating cutting-edge technologies like AI, ML, and advanced sensors to enhance the precision and dependability of safety systems. These companies are additionally creating strategic alliances and partnerships to utilize technological skills and broaden their market footprint. Moreover, they are actively engaged in adhering to strict safety regulations to guarantee their products meet top-quality standards. Market leaders are also increasing their presence in global markets by focusing on emerging markets and improving their distribution networks. In June 2023, Magna vastly improved its active safety offerings by purchasing Veoneer Active Safety, expanding its range of products and strengthening its position in the worldwide automotive safety sector. This strategic maneuver was intended to combine cutting-edge sensor technology and software knowledge, forecasting sales of more than $3 billion in 2024.

Automotive Active Safety System Market News:

• August 2023: Robert Bosch GmbH revealed intentions to increase domestic production in India to lessen reliance on imported components. The company anticipated a 15% increase in sales in fiscal year 2024 because of the increasing demand for higher-priced vehicles.
• May 2024: ZF Friedrichshafen AG and Hon Hai Technology Group (Foxconn) officially completed their joint venture, ZF Foxconn Chassis Modules, which began on April 30, 2024. This €1 billion valued partnership aimed to innovate and expand in automotive chassis systems by utilizing ZF's engineering and Foxconn's electronics expertise.

Automotive Active Safety System Industry Report Scope:

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and automotive active safety system market dynamics from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global market.
• The study maps the leading, as well as the fastest-growing, regional markets.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides automotive active safety system market insights into the current positions of key players in the market.