Automotive Active Safety System Market 2024-2028: Size and Slowdown in automobile manufacturing; growth driven by the Safety And Signaling System, Some of key Companies Positioned Strategically

The automotive active safety system market size by Safety And Signaling System (Anti-lock braking system, Lane departure warning system, Electronic stability control, Adaptive cruise control, and Automatic emergency braking and others), Vehicle Type (Passenger cars and Commercial vehicles), and Geography (APAC, Europe, North America, South America, and Middle East and Africa), is forecast to increase by USD 2198.8 million. The market is expected to grow at a CAGR of  almost 3.31% between 2024 and 2028.

• The automotive industry's manufacturing sector is experiencing a deceleration, attributed to the semiconductor chip shortage, supply chain disruptions, and the lingering COVID-19 pandemic. This downturn in production poses a substantial threat to the global automotive active safety system market, as the scarcity of essential components, such as semiconductor chips, impedes system deployment in new vehicles, resulting in production delays and diminished output.
• 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.

Access the full report to know who are the other key countries segment-wise forecast and historic data

Some of the Key Companies:

• 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

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