According to the latest report by IMARC Group, titled “Automotive Active Safety System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global automotive active safety system market size reached US$ 13.2 Billion in 2022. An automotive active safety system refers to an advanced preventive feature that assists drivers in reducing the risk of accidents and minimizing the impact of a collision. It includes an anti-lock braking system (ABS), forward collision warning (FWS), adaptive cruise control (ACC), blind spot detection (BSD, and lane departure warning (LDW). These systems are comprised of several components, such as sensors, cameras, actuators, communication systems, electronic control units, power supply, and human-machine interface (HMI). An automotive active safety system is widely used in passenger cars, commercial vehicles, public transportation, self-driving cars, and emergency vehicles. It provides night vision capabilities and enhances drivers' situational awareness, which aids in improving pedestrian safety, increasing driving efficiency, reducing fuel consumption, and preventing serious injuries.
Global Automotive Active Safety System Market Trends:
The rising consumer awareness regarding road safety is one of the primary factors creating a positive outlook for market growth. Automotive active safety system is widely installed in vehicles to improve driver comfort, increase situational awareness, enhance vehicle performance, and prevent collisions due to distraction, fatigue, or poor visibility. In addition to this, the increasing system adoption in electric vehicles (EVs) to manage high torque and prevent battery-related hazards is acting as another growth-inducing factor. Furthermore, the implementation of stringent government regulations to educate the masses regarding road safety and promote the adoption of the automotive active safety system in vehicles to minimize road accidents is providing an impetus to the market growth. Additionally, the integration of machine learning (ML) algorithms to predict collisions, identify potential hazards on the road, and improve the accuracy and reliability of the safety system is positively influencing the market growth. Besides this, the introduction of augmented reality (AR) displays that provide real-time information about the road ahead, highlight risks, and improve drivers' efficiency in low visibility conditions, is providing a considerable boost to the market growth. Moreover, the increasing demand for luxury and premium vehicles that are equipped with advanced safety systems to enhance users' convenience and offer a comfortable driving experience is facilitating the market growth. Other factors, including rising expenditure capacities of consumers, increasing number of road accidents, extensive research and development (R&D) activities, and the growing demand for autonomous vehicles, are anticipated to drive the market growth. On account of the aforementioned factors, the market value is expected to reach US$ 32.3 Billion by 2028, exhibiting a CAGR of 15.8% during 2023-2028.
- On the basis of the product, the market has been divided into tyre-pressure monitoring system, lane departure warning, adaptive cruise control, night vision system, driver monitoring, anti-lock braking system, blind spot detection, and others.
- Based on the vehicle type, the market has been classified into passenger cars, light commercial vehicle, heavy commercial vehicles, and others.
- On the basis of fuel type, the market has been divided into diesel vehicles, petrol vehicles, electric vehicles, and others.
- Based on the offering, the market has been bifurcated into hardware and software.
- On a regional basis, the market has been categorized into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America.
- The competitive landscape of the industry has also been examined, with some of the key players being 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., CAx Software Private Limited, etc.
|Base Year of the Analysis
||Product, Vehicle Type, Fuel Type, Offering, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||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
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