Authored By: Sarah
24 Jun 2024

 Automotive Active Safety System Market Size to grow by USD 2198.8 million between 2024-2028

According to a research report “ Automotive Active Safety System Market” by Safety And Signaling System (Anti-lock braking system, Lane departure warning system, Electronic stability control, Adaptive cruise control, Automatic emergency braking and others) Vehicle Type (Passenger cars, Commercial vehicles) Geography (APAC, Europe, North America, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 2198.8 million, at a CAGR of almost 3.31% during the forecast period. In the global automotive landscape, the significance of active safety systems is on the rise. With the increase in vehicle usage for business and personal travel, there is a growing need to ensure road safety. Human error being the leading cause of accidents, active safety systems serve as a crucial business solution. These systems, employing advanced technologies, proactively alert drivers to potential hazards, thereby preventing accidents and reducing associated risks. The automotive industry's commitment to enhancing safety and competitiveness is evident through the increasing adoption of active safety systems.

Browse market data tables, figures, and in-depth TOC on “Automotive Active Safety System Market” by Safety And Signaling System (Anti-lock braking system, Lane departure warning system, Electronic stability control, Adaptive cruise control, Automatic emergency braking and others) Vehicle Type (Passenger cars, Commercial vehicles) Geography (APAC, Europe, North America, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Safety And Signaling System, the Anti-lock braking system segment is projected to dominate the market size in 2024

In the global automotive active safety system market, the passenger cars segment experiences significant growth due to heightened consumer safety consciousness, stringent regulations, and technological innovations. Active safety systems, which prevent or mitigate accidents through hazard detection and driver intervention or autonomous actions, incorporate features such as lane departure warning, forward collision warning, automatic emergency braking, blind spot detection, and adaptive cruise control. The shift towards electric and autonomous passenger vehicles further amplifies the demand for these advanced safety technologies.

By Vehicle Type, Passenger cars  segment is expected to hold the largest market size for the year 2024

The automotive active safety system market encompasses advanced technologies, such as Automotive Anti-Lock Braking Systems (ABS), which enhance vehicle safety by preventing wheel locking during abrupt braking. This results in improved post-braking stability and reduced stopping distances, thereby increasing the safety quotient for both drivers and passengers. With advancements in technology, ABS has become lighter and more compact, enabling seamless integration with other safety features. Widely adopted in passenger cars, ABS is increasingly penetrating the commercial vehicle and motorcycle segments, offering standard or optional fitments in various tiers.

APAC is forecasted to hold the largest market size by region in 2024

In the dynamic automotive industry, active safety systems have emerged as a pivotal market segment, driving advancements in vehicle safety and reducing road accidents. These systems, which include features like lane departure warning, adaptive cruise control, and automatic emergency braking, are revolutionizing the way vehicles interact with their surroundings. By integrating real-time data and advanced algorithms, automotive active safety systems are enhancing driver awareness and control, ultimately contributing to a safer and more efficient driving experience.

The Automotive Active Safety System Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Aptiv Plc
  • Autoliv Inc.
  • Continental AG
  • DENSO Corp.
  • Faurecia SE
  • Infineon Technologies AG
  • Joyson Safety Systems Aschaffenburg GmbH
  • Knorr Bremse AG
  • Lear Corp.
  • Magna International Inc.
  • Mobileye Technologies Ltd.
  • Ningbo Jifeng Auto Parts Co. Ltd.
  • Robert Bosch GmbH
  • Samsung Electronics Co. Ltd.
  • TomTom NV
  • Toyoda Gosei Co. Ltd.
  • Valeo SA
  • Veoneer Inc.
  • Visteon Corp.
  • ZF Friedrichshafen AG
.

For insights on company offerings- Request a sample report!

Research Analysis Overview

In the Automotive Active Safety System market, technological improvements and shifting customer tastes have led to an increased demand for advanced safety features in both connected and autonomous vehicles. Lidar technology plays a crucial role in these systems, enabling vehicles to detect and respond to environmental concerns, such as pedestrians, animals, and other vehicles, in real-time. Telematics and connected vehicles facilitate the seamless integration of these active safety systems, allowing for real-time data analysis and collision avoidance. High-speed vehicles and long-distance travel, particularly during road trips, have heightened the importance of driverless and connected cars. Urbanization and production have also contributed to the growth of this market, as traffic congestion and accidents continue to be significant concerns in the automobiles industry. Vehicle safety systems, including headrests and seatbelts, have evolved to include active safety features, such as automatic emergency braking and lane departure warnings, to mitigate the risk of collisions and accidents.

Market Research Overview

In the Automotive Active Safety System Market, Mitsubishi Motors Corporation and other industry players are leveraging advanced technologies such as artificial intelligence (AI), machine learning, ultrasonic sensors, cameras, radar, Lidar, and telematics to develop connected and autonomous vehicles. These technological improvements aim to address environmental concerns and shifting customer tastes towards safer and more comfortable driving experiences. Key drivers of the market include competitive intensity among suppliers and buyers, market trends towards vehicle safety systems, and the increasing demand for driverless and connected cars. Urbanization and production have also led to an increase in traffic, resulting in a higher need for safety features such as anti-roll braking systems, lane keep assist, and blind spot detection. High-speed vehicles and long distance travel are other factors driving the growth of the market. Young customers are increasingly preferring advanced safety features, making them a significant target demographic. Investment pockets include the development of new sensor technologies, such as ultrasonic and Lidar sensors, and the integration of AI and machine learning algorithms to improve vehicle safety systems. Despite these opportunities, the market faces restraints such as the high cost of implementing these advanced safety systems and the potential for accidents and collisions due to system malfunctions or misuse by drivers. Headrests and seatbelts remain essential safety features, but the focus is shifting towards more advanced and integrated safety systems.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Read News Read Less
Interested in this report?
Get your sample now!
Technavio
Document